The overall performance for the first half of the year remained relatively stable, with a year-on-year decline of 0.1% to CHF 13 billion (approx. USD 14.82 billion).
“We remain highly optimistic about the high growth potential of the Chinese market, and while maintaining the brand’s absolute exclusivity, we plan to further enhance our market influence.”
In the Chinese Mainland market, both revenue and profit recorded growth.
251 suppliers are located in the Chinese Mainland, accounting for 17% of the total.
Lululemon hosted the largest yoga community event in Beijing since its entry into China, with over 5,000 participants in attendance.
In 2024, LABUBU became a global sensation, driving revenue from The Monsters series to surge by 726.6% year-on-year and surpass RMB 3 billion [approximately USD 414.5 million], making it the group’s largest IP.
In 2024, Youngor exited the real estate sector it had operated in for over 30 years and committed fully to the development of the fashion industry.
On April 22, Pop Mart’s closing price reached a record high, bringing its total market capitalization to HKD 236.2 billion (approximately USD 30.2 billion).
China Resources Land expects the number of operating shopping malls to increase to 116 by the end of 2028.
In 2024, Maogeping added new overseas distributors, including Sephora Hong Kong Cosmetics Co., Ltd.