The expected completion date for Xi’an Taikoo Li has been adjusted from late 2025 to 2026.

The overall growth of the high-end beauty business in mainland China has slowed down, as evidenced by the current pre-sale stage data for the Double Eleven shopping festival.

Since the pandemic restrictions were lifted in Greater China last year, development activities have steadily improved, and this quarter has witnessed the highest number of newly signed projects since 2021.

The increase in Proya’s average selling price has driven the gross profit margin to achieve a historic high.

Hermès is often regarded as a “luxury trendsetter,” and the information shared by its executives holds significant reference value for understanding the ever-evolving luxury industry.

The strong growth of 28.0% in the Chinese market is driving overall growth in the Asia-Pacific region, which has seen a 9.2% increase.

Duplaix also acknowledged that the performance of the Chinese market has not actually reached the levels predicted earlier this year.

In the third quarter, Moncler’s brand revenue in the Asian market increased by 22% YoY at fixed exchange rates, demonstrating the best performance among all markets.

“We are not seeing the same incidence of Chinese out of Greater China as other brands. Most of our Chinese spending occurs structurally occurs within the domestic market.”

Li-Ning’s latest performance fell short of expectations, causing the stock price to drop by over 20%.