China South City

What China South City does

China South City Holdings Limited (HKEX: 1668) develops and operates large-scale integrated logistics and trade centers across eight Chinese cities under its 'One Body with Two Wings' business model, which combines a core integrated trade and logistics platform with two complementary wings of commercial ancillary services and residential offerings. Established in May 2002 by five founding shareholders with backgrounds in Pearl River Delta manufacturing and wholesale, and listed on the Main Board of the Hong Kong Stock Exchange on September 30, 2009, the company serves wholesale suppliers, manufacturers, distributors, buyers, and end-users across industries including textiles, electronics, building materials, and consumer goods.

The company's product portfolio centers on trade center units sold or leased to businesses for product display and wholesale trading, supplemented by five ancillary service pillars: e-commerce platforms with B2B/B2C capabilities (including a 65,000 sqm e-commerce park at CSC Shenzhen designated as a 'Model Unit of E-commerce' by Shenzhen Municipal Government), outlet mall operations featuring over 170 international brands such as Nike, Adidas, Levis, and Columbia through subsidiary Huasheng Commercial (华盛商业), one-stop logistics services through subsidiary Qianlong Logistics (乾龙物流), property management through subsidiary First Asia Pacific (第一亚太), and convention and exhibition services. Revenue is generated through a mix of one-time trade center unit sales, recurring lease income, subscription-based property management and logistics services, and professional services fees from exhibitions and conventions. The company employs 5,001-10,000 staff across its project cities.

Geographic footprint spans Shenzhen (the flagship Pearl River Delta project with approximately 1.06 million sqm site area), Nanchang (~7.30 million sqm planned GFA), Nanning (~4.88 million sqm planned GFA), Xi'an (~17.5 million sqm planned GFA), Harbin (~12.0 million sqm planned GFA), Zhengzhou (~12.0 million sqm planned GFA), Hefei (~12.0 million sqm planned GFA), and Chongqing (~13.5 million sqm planned GFA). Significant ownership events include Tencent becoming a shareholder in January 2014 and Shenzhen SEZ Construction and Development Group (SZCDG), a Shenzhen state-owned enterprise, gaining controlling influence following the September 23, 2022 appointment of SZCDG Chairman Li Wenxiong as Co-Chairman. The company has carried out multiple debt restructurings, including a December 2023 consent solicitation on outstanding bonds supported by international funds and family offices, and holds credit ratings of B2 (Moody's, stable, August 2020) and B (S&P, upgraded from B-, August 2020).

Name

China South City

Legal name

China South City Holdings Limited

Website

https://chinasouthcity.com

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

China South City Holdings Limited (HKEX: 1668) develops and operates integrated logistics and trade centers across eight Chinese cities under its 'One Body with Two Wings' model, serving wholesale suppliers, manufacturers, distributors, and buyers with one-stop trading platforms, logistics, property management, outlet, and e-commerce services.

Ownership category

akta.pro rank

Product category

Commercial Real Estate / Logistics and Trade Center Development

NAICS

Transportation and Warehousing (48-49)

SIC

Trucking & Courier Services (No Air) (4210)

akta.pro primary industry

Regional Hub / National Hub Distribution Centers (Multi-node Network Hubs) (TLALAEAN)

akta.pro secondary industry

Trade-Related Infrastructure & Logistics Development (BPADAMAN)

Keywords

• Integrated logistics trade centers
• Commercial real estate development
• Trade center leasing
• Warehouse logistics services
• Wholesale trade platforms

Headquarters

HQ city

Kowloon City

HQ country

Hong Kong SAR China

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Trade Center Unit Sales: Sale of well-designed quality trade center units for businesses to display and sell their products. Primary revenue stream from property development.
2. Trade Center Unit Leasing: Leasing of trade center units providing recurring income stream. Properties secured by long-term contracts with clients.
3. Property Management Services: Professional property management services provided to trade center shops owners and tenants, generating recurring service income.
4. Logistics and Warehousing Services: One-stop logistics services including warehousing, freight forwarding, transportation and distribution services through subsidiary Qianlong Logistics.
5. Outlet Operations: Outlet mall operations featuring international brands including Nike, Adidas, Levis, Columbia, etc. Generating traffic and rental income.
6. Convention and Exhibition Services: Organizing signature regional exhibitions and conventions to attract traffic and business to trade centers.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels2 records

Core offering

China South City develops, sells and leases large-scale integrated logistics and trade centers to wholesale suppliers, manufacturers, distributors, and buyers across eight Chinese cities. Its core 'One Body with Two Wings' model combines the trade center facilities (One Body) with commercial ancillary and residential services (Two Wings), offering one-stop supply chain solutions including warehousing, logistics, e-commerce, property management, and convention/exhibition services.

Product overview

China South City Holdings Limited operates a platform-plus-subsidiaries architecture. The core offering is large-scale integrated logistics and trade centers developed across eight cities (Shenzhen, Nanchang, Nanning, Xi'an, Harbin, Zhengzhou, Hefei, and Chongqing) under a 'One Body with Two Wings' business model. Five ancillary service pillars complement the core trade center business: E-commerce Platform (providing B2B/B2C online trading capabilities), Outlet Operation and Management (华盛奥特莱斯, with ~170 international brands), One-Stop Logistics Services (乾龙物流 subsidiary), Property Management (第一亚太 subsidiary), and Convention and Exhibition Services. The company serves wholesale suppliers, manufacturers, distributors, and buyers with one-stop supply chain solutions.

Differentiator

Problem solved

Functional benefit

Brands

• Huasheng Outlet (华盛奥特莱斯): Outlet mall operations under China South City offering value-for-money branded goods including sportswear, casual wear, outdoor wear, and fashion brands
• Qianlong Logistics (乾龙物流)
• First Asia Pacific (第一亚太)
• ATLANTIS shop
• Shenzhen Longgang Wanda Plaza

Products and services

• China South City Integrated Logistics and Trade Centers
• E-commerce Platform
• Outlet Operation and Management (Huasheng Outlet / 华盛奥特莱斯)
• One-Stop Logistics Services (Qianlong Logistics / 乾龙物流)
• Property Management (First Asia Pacific / 第一亚太)
• Convention and Exhibition Services

Quantifiable outcome

• Contracted sales of HK$12.1 billion in first three quarters of fiscal year
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and major.

• Wanda GroupcoreStrategic or Co-development Partner · 1 December 2019Cooperation agreement signed in December 2019 to develop Wanda Plaza on CSC Shenzhen property with operation term of 20 years and total GFA of approximately 305,000 sq.m. The fourth generation Wanda Plaza - Shenzhen Longgang Wanda Plaza - expected to commence operation in mid-2021, enhancing traffic flow and upgrading CSC Shenzhen.
• China Construction BankmajorStrategic or Co-development Partner · 1 January 2018Strategic cooperation agreement on rental housing business signed with China Construction Bank.
• JD Group (京东集团)coreStrategic or Co-development Partner · 1 November 2016Strategic cooperation agreement signed in November 2016 for e-commerce and logistics collaboration.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Market position

Strengths5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/china-south-international-industrial-materials-city-shenzhen-co-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about China South City