The branded down apparel business remains the group’s largest revenue source, with its contribution further increasing to 68.9%.
Chow Tai Fook plans to open a new five-story store in Shanghai in 2025, which will also be the group’s first flagship store in the Chinese Mainland.
The leaders of seven top global fabric manufacturers, including Loro Piana, Zegna, Colombo, and Piacenza, flew from various countries to Ningbo, China, and gathered around the same table in a rare meeting.
Pop Mart’s Q3 revenue in Hong Kong, Macau, Taiwan, and overseas markets surged 440%-445% year-on-year.
China World Trade Center’s Net Profit Attributable to Shareholders Grows 1.63% Year-on-Year to 1.019 Billion Yuan in First Three Quarters
The duty-free store revenue at Beijing airports (including Capital International Airport and Daxing International Airport) increased by more than 140% year-on-year.
Li-Ning Company and Mr. Li Ning will jointly hold 55% of the shares, while HongShan will hold 45%.
Chinese sports giant Anta Group (02020.HK) released its latest operational performance for the third quarter of 2024.
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.
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.
