The reasons for the closure of this mall are as follows:

The impact of e-commerce. With the popularity of the Internet and the rise of e-commerce, people are more and more inclined to shop online, which greatly reduces the passenger flow of physical malls and has a great impact on the business of Qingdao Contemporary Mall.

The change of economic environment, with the change of economic environment, the intensification of market competition and the transfer of consumer demand may also lead to the closure of Qingdao Contemporary Mall.