Some netizens on social media have indicated that the hoarding at Prada’s location in Shanghai’s Taikoo Li Qiantan has been removed, suggesting a cancellation of the store opening plan. The hoarding had been in place for two years previously, and it’s speculated that Prada might be considering future occupancy in the second phase of Taikoo Li Qiantan. If confirmed, Prada would be the first luxury brand to withdraw from Taikoo Li Qiantan.