Trouble in China's shopping paradise as Hainan duty-free spending falls 29%
Duty-free spending in China's island province of Hainan, where global luxury players from LVMH to Kering have set up shop, ...
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Syntun 2024 Double 11 Shopping Festival Report: The GMV During China Double 11 Shopping Festival Reached 1441.8 Billion Yuan.
BEIJING, Nov. 12, 2024 /PRNewswire/ -- The Double 11 Shopping Festival in 2024 is a year of change, signaling that e-commerce platforms want to transform their long-standing pursuit of "low prices".
Trouble in Chinese shopping paradise as Hainan’s duty-free spending falls 29%
The 2024 slump bodes ill for plans to turn the entire island into a duty-free shopping zone in 2025. Read more at ...