China Tourism Group Duty Free Corp Ltd
SSE:601888
China Tourism Group Duty Free Corp Ltd's latest stock split occurred on Jun 16, 2017
The company executed a 2-for-1 stock split, meaning that for every share held, investors received 2 new shares.
Before the split, China Tourism Group Duty Free Corp Ltd traded at 57.27 per share. Afterward, the share price was about 27.285.
The adjusted shares began trading on Jun 16, 2017. This was the only stock split in China Tourism Group Duty Free Corp Ltd's history.
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China Tourism Group Duty Free Corp Ltd
Glance View
China Tourism Group Duty Free Corp Ltd, often regarded as the crown jewel of China's burgeoning travel retail sector, operates as a commanding player in the global duty-free landscape. This company, with roots tracing back to 1984, has capitalized on the surge in both domestic and international travel among Chinese consumers. Its primary business model revolves around selling luxury goods, cosmetics, and other premium retail items to travelers devoid of import duties and taxes. This is achieved by strategically situating its stores in airports, coastal cities, and designated economic tourism zones, catering to a consumer base eager for authentic luxury products at competitive prices. Standing at the intersection of travel and retail, the company's unique positioning allows it to tap into the rising spending power of China's middle and affluent classes. With an astute focus on the burgeoning demand for imported luxury items, China Tourism Group Duty Free Corp has expanded its reach beyond mere brick-and-mortar stores. It increasingly leverages online platforms, capitalizing on digital trends to enhance customer engagement through personalized shopping experiences and loyalty programs. Revenue is driven predominantly through high-volume sales at key transport hubs, where locals and tourists alike seek desirable goods without the burden of domestic taxes, positioning the company as a staple in the luxurious yet accessible world of duty-free shopping.
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