In a 2007 relaunch, the mall changed name from "South China Mall" to "New South China Mall, Living City" and a revitalization plan was drawn up.

CNN: World's biggest mall a China 'ghost town'

Still, the mall has plans to boost the number of tenants, said Ye Ji Ning, head of New South China Mall's investment unit.

CNN: World's biggest mall a China 'ghost town'

Golden Eagle Retail Group, one of the largest upmarket mall chains in China, said on Friday net profit was virtually flat in 2012 compared with a year earlier, underscoring the difficulty retail-related businesses had last year amid rising costs and slowing economic growth.

FORBES: Golden Eagle Says '12 Profit Was Flat, Underscoring Struggles In China Retail

About a decade ago he opened a mall in Xiamen, China, not far from his ancestral home, taking advantage of his ties and the fact that he and all of his children are fluent in the Hokkien dialect, spoken in the Fujian province, where he was born.

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