Pop Mart’s Q3 revenue in Hong Kong, Macau, Taiwan, and overseas markets surged 440%-445% year-on-year.

Chinese sports giant Anta Group (02020.HK) released its latest operational performance for the third quarter of 2024.

In the past two weeks, Luxeplace.com observed that two Chinese beauty and fragrance brands have taken significant steps in their global expansion efforts.

On March 11, 2024, the group acquired a 51% equity stake in the onmygame brand for a total cash consideration of ¥96.44 million. This equity investment will help further diversify and strengthen the group’s portfolio of designer brands.

Luxeplace.com contributed inspiration and participated in witnessing the entire process of this extraordinary show, from planning to execution.

During the reporting period, Anta Group strengthened its innovation and research and development efforts, with R&D investment reaching RMB 919 million in the first half of the year, marking a 35.7% year-on-year increase. The proportion of R&D expenses to revenue also rose by 0.4 percentage points compared to the previous year.

Younger, More International, and Stronger Brand Control.

In 2023, Pop Mart’s business in Hong Kong, Macau, Taiwan, and overseas markets showed remarkable performance, with revenue reaching 1.066 billion yuan, a year-on-year increase of 134.9%. This segment accounted for 16.9% of the company’s total revenue, marking the first time this business has surpassed the 1 billion yuan milestone.

In the first half of this year, LILANZ made new progress in products, channels, branding, and social philanthropy.

In the second quarter of 2024, Anta brand retail sales recorded high single-digit growth year-on-year.