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Shuangjing JD Mall, located at 31 Guangqu Road in Chaoyang District, Beijing, opened on June 18, 2025, as an urban renewal project on the site of the former Jiulong Mall, previously known as CapitaMall Shuangjing which was divested in early 2024.

Spanning approximately 50,000 square meters across multiple floors, it represents JD.com's second offline JD MALL in Beijing, emphasizing a hybrid online-offline retail model integrated with experiential and technology-driven offerings. The tenant mix focuses on innovative categories, including JD's first northern China offline cross-border experience store sourcing products from over 50 countries, e-sports and family gaming zones, specialty areas for vinyl records, alcohol tasting, photography equipment, camping gear, and outdoor activities, as well as the Fujifilm INSTAX Museum for instant photography experiences and an "AI for a New Life" exhibition featuring AI-powered devices like robots and smart glasses.

Dining and EV-related spaces enhance the lifestyle appeal. Positioned in the Shuangjing submarket near the East 3rd Ring Road, it benefits from Beijing's broader retail landscape of 16.86 million square meters of mall space with a 10.5% citywide vacancy rate as of Q2 2025. Initial performance showed strong traction, with over 100,000 visitors and RMB 10 million in sales in the first two days, contributing to an influx of footfall in the area amid citywide retail sales growth of 0.5% YoY.

Accessibility is favorable via Subway Lines 7 and 14 at Jiulongshan Station (Exit A) and several bus routes.

Leasing advantages include opportunities in high-traffic experiential zones, potential for competitive rents in a renewing market (citywide prime first-floor rents at RMB 2,130 per sqm per month, submarket averages lower at RMB 600-1,200), and alignment with government policies supporting mall upgrades and consumption innovation. However, challenges encompass market saturation from over 500,000 sqm of new supply in 2H 2025, economic headwinds with 3.3% GDP growth and 0.5% CPI, and competition from established nearby malls like Joy City Chaoyang and Parkview Green, which may pressure occupancy and sales stability for new entrants.

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Hours of Operation

Hours

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Monday10:00 AM — 10:00 PM
Tuesday10:00 AM — 10:00 PM
Wednesday10:00 AM — 10:00 PM
Thursday10:00 AM — 10:00 PM
Friday10:00 AM — 10:00 PM
Saturday10:00 AM — 10:00 PM
Sunday10:00 AM — 10:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

31 Guangqu Road, Beijing, China

Insights

Demographics and Footfall

Shuangjing JD Mall targets young urban professionals, tech enthusiasts, and families in Chaoyang District, a densely populated area with middle-to-upper-income residents averaging household incomes around RMB 150,000 annually, per Beijing statistical reports. The submarket's demographic profile includes a high concentration of white-collar workers in finance, tech, and services sectors, with a median age of 32-35 years and strong digital adoption rates. Initial footfall exceeded 100,000 visitors in the first two days post-opening, indicating robust early interest driven by novelty and promotions, though sustained traffic may depend on experiential draws amid Beijing's overall retail footfall recovery of 14.1% YoY in H1 2025 across similar properties. Risks include shifting consumer preferences toward e-commerce, potentially limiting repeat visits if online integration falters.

Tenant Mix and Occupancy

The mall's tenant mix prioritizes experiential and tech-oriented retailers, with anchor spaces for JD.com's cross-border and AI zones, alongside niche tenants in gaming, photography, and outdoor retail, complemented by F&B and EV displays for diversification. As a newly opened property, occupancy is estimated near 90-95% initially, supported by JD.com's ecosystem and pre-leased experiential areas, but full stabilization could take 6-12 months. Beijing's retail market reports note average occupancy at 89.5% citywide in Q2 2025, with new projects like this benefiting from refreshed mixes to attract international and domestic brands. Weaknesses include limited traditional retail anchors, which may expose to category-specific downturns in non-essential spending, and potential over-reliance on JD.com traffic amid 10.5% vacancy pressures.

Competition and Lease Terms

Shuangjing JD Mall faces competition from proximate venues such as Joy City Chaoyang (GLA 280,000 sqm, strong fashion/F&B mix) and The Place (iconic LED screen, high footfall), both within 5km, alongside broader Chaoyang submarket saturation with 15+ malls. Market reports highlight intensified rivalry from urban renewal peers like Dajxiang Mall, adding supply and pressuring rents downward by 1.2% QoQ to RMB 758.5 per sqm per month citywide. Lease terms likely feature base rents of RMB 800-1,500 per sqm per month for prime spaces, with incentives like rent-free periods (3-6 months) and turnover rent clauses tied to sales thresholds, common in Beijing's softening market with 14.8% annual rental decline forecast for 2025. Risks involve access issues during peak hours on Guangqu Road and aging infrastructure in surrounding areas, potentially impacting operational quality and long-term tenant retention.

Building Details

Property Type
Shopping Mall
Gross Leasable Area
50,000
Year Built
2025
Parking Spaces
1200
Average Monthly Footfall
666,667
Owner
JD.com
Anchor Tenants
JD Cross-Border Store,Fujifilm INSTAX Museum,Bose

Detailed Market Analytics

Primary Catchment Area
5 km Radius
Secondary Catchment Area
10 km Radius
Catchment area population
500,000 People
Population growth rate
1.5 %
Median age
38 Years
Household size
2.6 Persons
Education level (tertiary)
45.0 %

Median household income
180,000 RMB
Unemployment rate
4.2 %
Cost of living index
115 Index

Retail spending per capita
90,000 RMB per year
Spending on apparel
15,000 RMB per year
Spending on groceries
25,000 RMB per year
Spending on electronics
12,000 RMB per year

Annual foot traffic
8,000,000 Visitors
Dwell time
120 Minutes
Conversion rate
25.0 %
Sales per square meter
120,000 RMB per year

Number of retail stores
150 Stores
Anchor tenant presence
Yes Boolean
Competitor density (same category)
High Qualitative
Tenant diversity
Medium Qualitative
Unique Concepts
10 Concepts

Gross Leasable Area
50,000 sqm
Number of Levels
5 Levels
Average rent per square meter
2,130 RMB per sqm per month
Vacancy rate
2.0 %
Lease term flexibility
High Qualitative
Available retail space
5,000 sqm

Proximity to main roads
Direct Access
Public transport access
Excellent Qualitative
Parking spaces
1,200 Spaces
Pedestrian traffic
High Qualitative

E-commerce competition
Very High Qualitative
Click-and-collect adoption
70.0 %
Internet penetration
95.0 %

Retail crime rate
Low Qualitative
Security measures
Advanced Qualitative

Promotional events
Monthly Frequency
Loyalty program penetration
60.0 %
Digital signage presence
Full Coverage

Projected foot traffic growth
10.0 %
New tenant pipeline
20 Tenants
Mall expansion plans
Phase 2 Plans
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