China Tourism Group Duty Free Corporation Limited

China's largest state-backed duty-free travel retailer

What China Tourism Duty Free does

China Tourism Group Duty Free runs duty-free shops in China where travelers can buy goods without paying certain import taxes. It sells products such as cigarettes, alcohol, cosmetics, watches, jewelry, clothing, bags, electronics and food. It also invests in and develops shopping complexes built around its duty-free business.

How China Tourism Duty Free makes money

It earns money by buying duty-free goods wholesale and reselling them to travelers at a markup in its retail stores, and by wholesaling duty-free goods. It also gets income from investing in and developing duty-free commercial complexes.

Products & services

• Duty-free cosmetics and beauty products
• Duty-free tobacco and alcohol
• Watches and jewelry
• Apparel and bags
• Electronic products
• Duty-free commercial complexes