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Zhou Liu Fu Drives “Gold Fever”: Double 11 Sales Reached RMB287 million, Southeast Asia Expansion Marks Global Push
The Group’s e-commerce business demonstrated robust performance in the first ten months of this year, with revenue recording a year-on-year growth of 32%, net profit surging by 71%, and net profit margin exceeding 8% for the same period. Under China’s new gold tax policy, the Group’s Double 11 sales still showcased formidable strength, leaving no doubt about the Group’s brand influence, risk resilience, and profitability.
Since its establishment in 2004, Zhou Liu Fu has grown into a leading enterprise in China’s jewellery industry, operating 4,000 offline stores nationwide with a sales network covering the entire country. The Company listed on the Main Board of The Stock Exchange of Hong Kong in June this year. Since listing, its share price performance has been highly impressive, having more than doubled from the offer price, with its current market capitalization surpassing HKD 20 billion, becoming a focal point of industry attention.
In the fiercely competitive and aging traditional domestic jewellery market, the Group has risen to prominence through its forward-thinking management philosophy and becoming a pioneer in the youth-oriented gold jewellery trend. Following its Hong Kong listing, the Group needs to maintain rapid growth and expansion, thus giving rise to three driving forces—the cooperative partnership model, e-commerce growth, and overseas expansion—jointly propelling operating revenue to new heights.
Double 11 Sales Reach New Heights with Online-Offline Dual-Track Development
The Group’s classic flagship brand “Zhou Liu Fu”, together with emerging sub-brands “CHAOJIN” and “FENS”, commands a massive customer base domestically, particularly among young female consumers. Through brand differentiation, diversified product strategies, market positioning advantages, a nationwide network of 4,000 offline franchise and self-operated stores, and growth in online e-commerce platforms, the Group possesses powerful brand influence domestically, leading the youth-oriented trend in domestic gold jewellery.
The Group recently introduced the launch of an innovative operational cooperation model – CHAOJIN cooperative partnership stores, establishing joint venture entities with high-quality franchisees through 51% to 49% equity participation. Under this partnership model, the Group’s online traffic and brand advantages complement franchisees’ offline localized operational strengths, while the management model similar to subsidiaries enhances decision-making and execution efficiency, laying the foundation for large-scale replication. Additionally, the Group’s 51% equity allows cooperative partnership store revenue to be consolidated into the Company’s financial statements, directly increasing revenue and enhancing the Group’s attractiveness in the capital market. This new model is expected to become a new profit growth engine for the Group, accelerating offline store expansion while driving per-store revenue growth and boosting overall Group performance.
On the other hand, Zhou Liu Fu’s online channels have experienced explosive growth. Through precision marketing and product innovation, the Group achieved substantial increases in online sales, injecting strong momentum into full-year performance growth while playing a significant role in customer acquisition and empowerment for offline cooperative partnership stores. The recently concluded Double 11 particularly showcased Zhou Liu Fu’s formidable brand strength with outstanding sales performance, successfully capitalizing on the golden opportunity of online consumption. Zhou Liu Fu’s strategic positioning of online-offline collaborative development has not only expanded brand influence but also opened up entirely new growth horizons for the Group.
“Going Global” Strategy Advances Steadily with Exponential Performance Growth on Horizon
Overseas markets represent another key focus area for Zhou Liu Fu post-listing. The Hong Kong and Macau markets serve as bridgeheads for the Group’s international strategic expansion, with plans to open 10 offline stores in 2025, expanding to approximately 20 stores in 2026. The Group is simultaneously establishing stores across Southeast Asian regions including Thailand, Cambodia, Vietnam, and Malaysia, with plans to enter Singapore, Australia, and New Zealand markets next. Overseas stores will adopt the successful domestic “franchise and cooperative partnership” model to rapidly penetrate international markets, with plans to expand to over 200 physical stores in the next three years.
Hashtag: #ZhouLiuFu
The issuer is solely responsible for the content of this announcement.
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AECOM opens new Hong Kong office and Asia headquarters, bringing together people, technology and sustainability
Designed as a living demonstration of the way AECOM works, the office brings together people, technology and sustainable design in a future-ready environment that reflects both the company’s values and its deep connection to Hong Kong.
The new workplace underlines the company’s commitment to Hong Kong. At a time of transformational development in Hong Kong, including landmark initiatives such as the Northern Metropolis and SKYTOPIA, it strengthens AECOM’s ability to support clients locally while leveraging its breadth of expertise across Asia.
Ian Chung, chief executive of AECOM’s Asia region, said: “Our new Hong Kong office and Asia headquarters represents AECOM’s largest office investment in Asia and reflects our confidence in Hong Kong’s future. For more than 50 years, we have partnered with clients and communities to help shape the city’s development. This new workplace will strengthen collaboration and innovation across our teams, enabling us to support the opportunities ahead and continue growing future Hong Kong together with our clients and partners.”
Johnny Cheuk, executive leader, Hong Kong, AECOM, said: “As Hong Kong enters a new era of development, creating the right environment for our people and clients to collaborate has never been more important. Our new office is designed to foster innovation, collaboration and multidisciplinary teamwork, strengthening our ability to deliver better outcomes for clients and communities. This future-ready workplace will help us bring together the talent and expertise needed to shape Hong Kong’s next chapter of growth.”
Occupying approximately 126,000 gross square feet across four floors, the workplace is designed around AECOM’s Freedom to Grow framework, supporting flexible, performance-led ways of working through a variety of spaces for focused work, project delivery, hybrid meetings and collaboration. Client engagement areas, innovation spaces and technology-enabled environments further support co-creation and knowledge sharing. It demonstrates the same people-centered and future-ready principles that AECOM helps clients deliver every day.
A digital dashboard powered by IoT sensors provides real-time insights into energy consumption and indoor air quality, making workplace sustainability performance visible and measurable. The relocation also embraced circular economy principles. More than 900 furniture items from AECOM’s previous Sha Tin office were donated to local schools and non-governmental organizations, extending their useful life while reducing landfill waste.
Employee wellbeing was integral to the design. Activity-based workspace design promotes the exchange of ideas, collaboration, socialization and focused work, while natural materials, green walls and planted dividers bring biophilic elements into the workplace. Bamboo finishes and sustainable carpets help reduce the environmental impact of the fit-out.
The workplace also reflects AECOM’s multidisciplinary strength in infrastructure delivery. The office is located at 83 King Lam Street, a twin-tower commercial development for which AECOM provided structural, geotechnical and façade engineering services. The project was recognized at the HKIE Structural Division Structural Excellence Award 2025.
Download more high-resolution images here.
Hashtag: #AECOMHongKong #AECOMHKNewOffice #GrowingFutureHKTogether #DeliveringABetterWorld
The issuer is solely responsible for the content of this announcement.
About AECOM
AECOM is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients’ complex challenges in water, environment, energy, transportation and buildings. Our teams partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle — from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of US$16.1 billion in fiscal year 2025. Learn more at aecom.com.
The annual ranking, produced in collaboration with Statista, the world-leading statistics portal and industry ranking provider, recognises the most innovative and high-impact fintech firms globally.
“This recognition reflects the dedication of our team and the trust our customers and partners place in us every day,” said Bill Deng, Founder and CEO of XTransfer. “Cross-border financial operations can be complex, especially for SMEs. We focus on solving the real operational challenges behind international payments, reducing friction, improving visibility, and strengthening risk controls, so businesses can concentrate on growth.”
XTransfer‘s inclusion underscores the company’s growing role in the global payments ecosystem and its long-term mission to make cross-border trade payments simpler, safer, and more accessible for SMEs worldwide. XTransfer will continue to invest in compliance and product innovation, while deepening collaboration with top-tier financial institutions to help more businesses trade globally with confidence.
CNBC’s World’s Top Fintech Companies list evaluates thousands of firms across seven key segments, including Payments, Digital Assets, and Enterprise Technology. Companies were assessed based on quantitative KPIs, growth metrics, and industry influence, with data sourced from public reports, company submissions, and independent research.
Based on the results of the study, XTransfer is honoured to be recognised on CNBC’s World’s Top Fintech Companies 2026 list. View list here.
Hashtag: #XTransfer #CNBC #Crossborder #Payment #SMEs
https://www.xtransfer.com
https://www.linkedin.com/company/xtransfer.cn
https://x.com/xtransferglobal
The issuer is solely responsible for the content of this announcement.
XTransfer
XTransfer, the world’s largest B2B cross-border trade payment platform with over US$60 billion TPV in 2025, according to CIC. Founded in 2017 as one of the first payment platforms worldwide dedicated to B2B cross-border trade, we serve the largest customer base of over 890,000 registered SMEs globally.
We connect top-tier financial institutions directly to SMEs, the backbone of global trade, giving businesses of every size access to the same secure, compliant and seamless payment infrastructure once reserved for multinationals. As of March 31, 2026, we provide payment services across more than 200 countries and regions through partnerships with financial institutions, including some of the most established international banks around the world.
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Lanson Place Parliament Gardens In Melbourne Named ‘Best New Hotel’ At 2026 Global Hotel Alliance Awards
“We are incredibly proud that Lanson Place Parliament Gardens has been recognised as the Best New Hotel at the 2026 GHA Awards,” said Michael Hobson, Chief Executive Officer of Lanson Place. “This recognition is a wonderful validation of the vision behind every Lanson Place property, namely to offer comfortable, private sanctuaries with a relaxed but unmatched tradition of service.
Being part of the GHA has allowed us to share that vision with an even wider community of travellers, while also giving our own guests access to the valuable benefits of DISCOVERY membership. Being named Best New Hotel is also particularly meaningful as we joined the GHA less than a year ago. This award belongs to every member of our team and marks a strong signal of what lies ahead for Lanson Place.”
Marcus Packham, General Manager of Lanson Place Parliament Gardens, added: “This thrilling accolade serves as an endorsement of the passion and dedication of all our team members who go above and beyond, day in and day out, to create a true home away from home for every guest in the heart of Melbourne. We look forward to welcoming new guests from around the world so they can experience for themselves what distinguishes us.”
The awards recognised outstanding achievements across GHA’s portfolio of 1,000 hotels spanning 55 brands in 100 countries. The accolades celebrate excellence in performance, guest engagement and satisfaction, technology, sustainability, loyalty and collaboration across the alliance.
Lanson Place DISCOVERY Limited Time Offer
To coincide with this achievement, Lanson Place DISCOVERY members can currently enjoy triple DISCOVERY Dollars (D$) when staying at Lanson Place properties in Hong Kong, Kuala Lumpur, Manila and Melbourne, from now until 31 August 2026, making every stay even more rewarding.
Terms and conditions may apply. For more information on the special offer, visit: https://lansonplace.com/loyalty
Hashtag: #LansonPlace #BestNewHotel #GHAAwards
https://www.lansonplace.com/
https://www.facebook.com/lansonplace/
https://www.instagram.com/lansonplace/
The issuer is solely responsible for the content of this announcement.
About Lanson Place Hospitality Management Limited
Lanson Place is a wholly owned subsidiary of Wing Tai Properties Limited (Wing Tai), a publicly listed company in Hong Kong (HKEx stock code: 369). The transformative hospitality management company currently manages eight properties under the Lanson Place brand, comprising Personal Hotels and Residences in Hong Kong, Shenzhen, Shanghai, Singapore, Kuala Lumpur, Manila and Melbourne. Additionally, it manages Two MacDonnell Road in Hong Kong as well as Yiju Apartment in Shenzhen, China.
Lanson Place provides comfortable, personal sanctuaries for both short-term and extended-stay guests at central locations in major global cities. Infused by a family-like service tradition, Lanson Place creates warm and sheltered places with a club-style feel where communities form and bond. Guests can enjoy a true home-away-from-home experience.
The Group aims to grow the Lanson Place brand across the Asia-Pacific region and continues to explore both investment and management opportunities in major gateway cities.
Website: lansonplace.com
Social Media IG: @lansonplace
FB: @LansonPlacePersonalHotels&Residences
About GHA and GHA DISCOVERY:
Global Hotel Alliance (GHA) is the world’s largest alliance of independent hotel brands with 55 brands and 1,000 hotels across 100 countries. Its award-winning loyalty programme – GHA DISCOVERY – provides 36 million members with recognition, D$ rewards and exclusive experiences across its hotels and partners, both with and without a stay.
Through membership in GHA, brands expand their global reach, drive incremental revenue and reduce dependence on third-party channels, all while maintaining management independence and individual positioning. For more information, visit globalhotelalliance.com or ghadiscovery.com.
