Wangfujing Group announced that it plans to acquire 100% equity of Hainan Outlets Tourism Development Co Ltd. Outlet business in China is a large and rapidly growing market. Wangfujing will bring its own operational advantages and a focus on lifestyle experience to the project and develop it into the largest outlet shopping centre in Hainan, offering a wide diversity of services and experiences. Hainan Outlets Tourism is the developer and operator of the Wanning Capital Outlets in Wanning, Hainan, which opened in 2014. Wanning, located on Hainan’s Southeast coast about a 90-minute drive from Sanya, is a prime tourist destination famed for its historic culture and beautiful scenery. The integrated shopping and leisure complex is the biggest of its kind in Hainan and has a total commercial building area of 180,000m2. In addition to over 200 outlet stores featuring premium international brands, it also has a variety of dining and entertainment venues.