China Square has announced that it will temporarily close its operations tomorrow, Sunday, February 26, 2023, after allegations that it was driving Kenyan traders out of business with low-priced goods.
In a statement dated February 25, 2023, the owner Lei Cheng alias Charlie informed clients that the business centre near Kenyatta University would be closed to create time for them to re-evaluate and re-plan its business strategy.
“We regret to inform you that China Square Limited will be temporarily closed on Sunday, 26th February 2023. This decision has been made to allow us to re-evaluate and replan our company strategy,” the statement reads in parts.
Additionally, the retailer also announced the possibility of cooperating with local traders to better integrate with the community.
“We are also considering the possibility of cooperating with local traders to enhance our offerings and better integrate with the community,” the statement added.
Cheng apologised to their customers and implored them to visit the shop on Monday.
“We apologize for any inconvenience this may cause and hope that you will understand our need to take this action. Our commitment to providing you with the highest level of service remains as strong as ever, and we look forward to re-opening on Monday, February 27, with a renewed focus on meeting your expectations,” they added.
Earlier, Trade, Investment and Industry Cabinet Secretary (CS) Moses Kuria called on China Square to cease its operations in Kenya over claims that it was driving Kenyan traders out of business.
The CS had also revealed that he was in talks with Kenyatta University Vice Chancellor Prof. Paul Wainaina to buy out the lease for the retailer and hand it over to local traders.
“I have today given an offer to Prof Wainaina the VC Kenyatta University to buy out the lease for China Square, Unicity Mall and hand it over to the Gikomba, Nyamakima, Muthurwa l and Eastleigh Traders Association,” the CS stated.
The Trade CS noted that Chinese investors should not trade in Kenya.
“We welcome Chinese investors to Kenya but as manufacturers, not traders,” he said.
China Square is the newest one-stop mall in the country. It has been trending on social media as Kenyans marvel at how commodities imported from China are being sold at affordable prices.