Beijing SKP reported an 18% YoY sales growth in the first quarter of 2025, according to recent data. The mall’s annual anniversary celebration, held from April 10 to 20, saw a 15% increase in sales on the opening day. As one of Beijing’s first malls to offer departure tax refunds and immediate purchase returns, SKP also saw a 104% increase in tax refund customers in 2024 compared to the previous year. Despite being one of China’s most profitable malls, SKP may get new owners. Reports last month indicated that Beijing Hualian Group Investment Holding Co may sell SKP to Boyu Capital. Sources suggest the deal could involve SKP continuing to manage high-end retail operations, with discussions also underway about selling the properties managed by SKP.