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

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

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 2023, Botanee expanded into overseas markets by establishing its Southeast Asia regional headquarters in Bangkok, Thailand.

Over the past month (March 1, 2024 – April 1, 2024), the [Luxe.CO Chinese Designer Brand Monthly Update] recorded 24 latest updates from 22 Chinese designer brands.

In December 2023, the third flagship store worldwide was opened in Ximending, Taiwan, with record-breaking sales on its opening day.

China’s largest sun protection clothing brand Beneunder opens its first overseas store in Singapore, located adjacent to YISHION and POP MART.

Luxeplace.com, based on 181 valid questionnaires collected firsthand, has specially created 5 charts.

Pop Mart’s overseas business revenue soars by 140% in the first half of the year!

Pop Mart’s founder and CEO, Wang Ning, expressed the hope that overseas revenue would account for 50% of the company’s overall revenue in the future.