Hainan launched a New Year's carnival season on Wednesday for its offshore duty-free shopping. The event, with the aim of "holding events every day, offering discounts every week and having themes every month", will last until Lantern Festival of next year, which falls on Feb 5.
Located on the west coast of Haikou next to Xinhai port, a major transportation hub, with a total building area of over 280,000 square meters, the complex features more than 800 brands.
Consumers are looking for bargains at more platforms for this year's Singles Day shopping spree, as 69 percent of the 3,000 consumers surveyed by market consultancy Bain &Company said they plan to shop at three or more platforms, according to the research firm's report released on Tuesday.
Aerial views show the construction site of Haikou International duty free shopping complex in south China's Hainan Province, Sept. 7, 2022. Covering an area of about 926,000 square meters, the complex is expected to open the public this year.
Chinese consumers have shown rising demand for higher-quality and new-generation products containing innovative technologies during the June 18 shopping festival, and ensuring smooth logistics and supply chains is of great significance in promoting the recovery of consumption, industry experts said.