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Hainan FTP 'Double 11' duty-free sales top ￥340 million

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According to China’s southern Hainan Province’s Department of Commerce, the province saw a whopping daily revenue of 340 million yuan (about $48.37 million) in sales at the island’s eleven duty-free stores on November 11, also known as “Double 11”, the biggest shopping festival in China. Total sales between November 1 to 11 grew 3% year on year to nearly 2.22 billion yuan (about $315.25 million).
To counteract the adverse impact of the recent outbreak of Covid-19 and boost consumer spending in the sector, local authorities have brought in more premium domestic and international brands as well as handed out quite a few shopping vouchers to offer a better experience to buyers from China and around the world during this period. A six-month-long duty-free shopping festival also began on the island on June 28.
The increases in sales volumes can be attributed to the recent opening of Haikou International Duty-Free City, the world’s largest free-standing duty-free mall. The store’s total sales to date have topped 358 million yuan (about $50.93 million).
Now with the opening of the new duty-free mall, the total operating area of the duty-free shops in the province has increased to over 500,000 square meters. That’s not all. Wangfujing Group — one of the largest domestic retailing groups in China — is expected to open its first duty-free flagship store in Hainan's Wanning City in January, adding another 102,500 square meters to the total duty-free shopping space on the island.
The continuing popularity of duty-free shopping in the province is also thanks to the many preferential policies that support the industry and have made it a pillar of Hainan tourism. Click here to read more about these policies. 


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Home  >  Media Center  >  Latest News

Hainan FTP 'Double 11' duty-free sales top ￥340 million

   HICN
According to China’s southern Hainan Province’s Department of Commerce, the province saw a whopping daily revenue of 340 million yuan (about $48.37 million) in sales at the island’s eleven duty-free stores on November 11, also known as “Double 11”, the biggest shopping festival in China. Total sales between November 1 to 11 grew 3% year on year to nearly 2.22 billion yuan (about $315.25 million).
To counteract the adverse impact of the recent outbreak of Covid-19 and boost consumer spending in the sector, local authorities have brought in more premium domestic and international brands as well as handed out quite a few shopping vouchers to offer a better experience to buyers from China and around the world during this period. A six-month-long duty-free shopping festival also began on the island on June 28.
The increases in sales volumes can be attributed to the recent opening of Haikou International Duty-Free City, the world’s largest free-standing duty-free mall. The store’s total sales to date have topped 358 million yuan (about $50.93 million).
Now with the opening of the new duty-free mall, the total operating area of the duty-free shops in the province has increased to over 500,000 square meters. That’s not all. Wangfujing Group — one of the largest domestic retailing groups in China — is expected to open its first duty-free flagship store in Hainan's Wanning City in January, adding another 102,500 square meters to the total duty-free shopping space on the island.
The continuing popularity of duty-free shopping in the province is also thanks to the many preferential policies that support the industry and have made it a pillar of Hainan tourism. Click here to read more about these policies.