CapitaMalls Asia Ltd. operated as an investment holding company which owned, developed and managed shopping malls. The company had an integrated shopping mall business model encompassing retail real estate investment, development, mall operations, asset management and fund management capabilities. Its shopping malls portfolio included ION Orchard, Plaza Singapore, CapitaMall Xizhimen, CapitaMall Wangjing, Raffles City Beijing and Raffles City Shanghai. The company operated through three segments: Management Business, Investment Business and Others. The Management Business segment included the provision of asset and project management, fund management and mall management services. The Investment Business segment included investments in retail properties held directly through subsidiaries or through associates and jointly controlled entities. CapitaMalls Asia was founded on October 12, 2004 and headquartered in Hong Kong.