In the fiscal year 2023, business in mainland China regained vitality; however, Chinese consumers have become more discerning when it comes to products and prices.

Before the outbreak of the pandemic, Chinese travelers accounted for 4% of passengers at Dubai International Airport but contributed to 17% of the sales revenue in Dubai Duty Free.

In the fourth quarter of 2023, Xtep retail sales saw a year-on-year growth of over 30%, with retail discounts at approximately 30%.

ANTA Group’s subsidiary, Amer Sports, is officially making a push for the New York Stock Exchange, with Arc’Teryx representing nearly half of its revenue in the Greater China region!

CapitaLand Manages Over 300 Projects in More Than 40 Cities in China, Including Famous Retail Commercial Projects Like Raffles City, CapitaLand Mall, and CapitaLand Plaza

Achieving profitability in an uncertain and competitive global market remains a challenge.

After the capital increase and delivery, Sanfo Outdoor will shift from exclusive agency to joint venture operation for Klättermusen, starting from January 1, 2024, with a joint venture period of ten years.

Sales in China for the quarter grew over 20% year-over-year, exceeding management’s expectations and making it the fastest-growing market in Asia.

Lululemon is expected to open approximately 55 new stores globally in the 2023 fiscal year, with the majority of them planned for China.

Although the travel expenditures of mainland Chinese tourists continue to rise, they remain below the pre-pandemic levels.