SANYA, China, Dec. 28, 2020 /PRNewswire/ Suning Group (“Suning”), one of the leading commercial enterprises in China, Suning International, and Hainan Tourism Investment Development Co. Ltd. have signed a strategic partnership agreement on December 25th in Sanya, a resort city in south China’s Hainan province. Both parties will leverage their respective advantages to focus on logistics, commercial real estate, tourism retail and other fields to carry out all-round and multi-level cooperation, to integrate various industrial chains, and aid in the construction of Hainan Free Trade Port.
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COVID-19 has disrupted the tourism industry and struck the retail market. As outbound tourists have returned substantially, the demand for shopping duty-free goods overseas has shifted to China. Due to Hainan province’s amiable tropical climate, the Hainan Free Trade Port has become an even more popular vacation destination for Chinese travelers compared to the pre-epidemic pe