IKEA China will invest 160 million yuan during its 2026 fiscal year as part of a renewed focus on growth in the Chinese market. In the past two fiscal years, IKEA has already invested 673 million yuan in developing low-priced products. Tolga Oncu, retail manager and chief operating officer of IKEA Retail, Ingka Group, says:“China is not only a vital link in IKEA’s global value chain; it is also the test-bed for retail innovation. In August, Ingka Investments — the investment arm of Ingka Group — made its first Chinese circular economy investment by partnering with Shanghai Re-Mall, a recycler of post-consumer packaging waste. To date, Ingka Group operates 40 customer touchpoints in China, including 37 IKEA stores, two experience centres, one design studio and 10 Livat shopping centres.