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Luxury watch seller revises growth plan, aims to add 40 stores
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No one knows better than Zhang Yuping about the race to expand business in the world's fastest-growing economy.
'Time is simply not enough, the market keeps pushing you,' said Zhang Yuping, founder and chairman of the mainland's biggest luxury timepiece retailer, Xinyu Hengdeli.
To stay ahead, Hong Kong-listed Hengdeli, which now has 148 outlets, has revised its original expansion plans in the mainland and aims to add at least 40 stores annually, double an earlier target, through acquisitions.
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'If the market grows 50 per cent and we grow only 30 per cent, that's not acceptable,' Mr Zhang said.
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