Theingyi Zei market is even larger than Bogokye Aung San market (see seperate tip), and so this would stand quite easily as a shopping tip. However, the new "mall" style section of the market affords great opportunities for sitting, having a beer (as pictured) and people watching. The place to be is in one of the several outdoor bars on the first floor. You see all the passing shoppers and are in a great position to observe the teeming street life below. I had a great time here with numerous people stopping by to have their photo taken. I felt a bit like one of the papparazzi!
As for the shopping, I found the new mall bit atouch disappointing, with many of the shop units empty. Perhaps the residents of Yangon just prefer old-fashioned markets.