3D-GOLD Jewelry (HK) Ltd targets to more than triple its network to over 800 outlets on China's mainland in five years as the country's growing economy continues to shine, Chairman Kennedy Wong said in Shanghai yesterday.
The company, an affiliate of Hong Kong-listed Hong Kong Resources Holdings Co, aims to achieve it by 2015 from the existing 250 stores, Wong said yesterday in Shanghai.
3D-GOLD, together with Hong Kong-based rivals like Chow Sang Sang and Chow Tai Fook, is riding on the rising purchasing power on the mainland amid a sizzling economic growth.
"We see rapid growth in central, southern and northeastern regions on the mainland and we will strengthen our presence in these areas," said Wong.
The jeweler is set to have at least 300 mainland outlets by the end of this year. The mainland now accounts for about 80 percent of the firm's revenue, with the Hong Kong and Macau markets contributing the remaining 20 percent.
The mainland's jewelry market grew 15.9 percent last year.
China is the world's second-biggest consumer of gold after India.
