As a group of world famous business brands start operation in the old city-south, layout, business formats, program scales and commercial features of the area have undergone great changes. 

2 years ago, the first Fortune Top 500 enterprise IKEA from Sweden started business to the east of Kazimen Square of city-south. From then on, many international business giants become interested in the area. 

In the very month of IKEA’s business start, another Fortune Top 500 enterprise – Tesco Group, the biggest British retailer obtained the plot of Yanliaofang of old city-south with 1.1 billion RMB, which is of great attention. The biggest flagship store of Tesco in China will be set up here. And as Aqua City, a large scale, modern theme shopping center of the Confucius Temple area has become more and more popular, a lot more famous business enterprises see the investment potential of the old city-south: on one hand, it lacks big, modern business programs, department stores or supermarkets with large-scale or high-class; on the other hand, a batch of recently built mid-and-high level residence complexes have attracted many people with purchasing power to this area. 

Therefore, last year, many Fortune Top 500 enterprises came to conduct cooperation discussions, most of which were attracted by the plot of Jiaofu Lane near Sanshan Street, including Decathlon from France, Chia Tai Group, Foxconn Group from Taiwan, etc. The large-scale chain supermarket E-Mart under New Century Group, the biggest department store group of South Korea will also set up its first store and the headquarters of Jiangsu and Anhui on the former site of Homelike Construction Materials Supermarket which has gone out of business.  

A tide of modern business has swept old city-south but the old brands that have witnessed the prosperity of the area won’t be washed out during the transformation.

Sources of Qinhuai District say that a group of stores with famous old brands will be kept in Jiaofu Lane plot, such as Jiangsu Restaurant and Zhangxiaoquan Scissors Store. (Nanjing Daily)