A duty-free shopping mall in Sanya City, in China’s southern Hainan province. Photo: Xinhua
A duty-free shopping mall in Sanya City, in China’s southern Hainan province. Photo: Xinhua
Retailing
Business /  China Business

exclusive | Global luxury giants LVMH, Hermes eye expansion on China’s Hainan Island in blow to shopping hotspot Hong Kong

  • Hong Kong’s total volume of mainland consumers will certainly drop as luxury brands are likely to continue increasing investment in mainland, especially Hainan, analyst says
  • But luxury firms might not open free-duty shops before 2025 as that could negatively impact their stores in other Chinese cities