American brand Gap has opened a new store in Sanya, Hainan Province. This year, Gap has accelerated its expansion in China through a combination of direct-operated and franchise stores. In September alone, Gap opened 13 new stores in major cities including Shanghai, Beijing, Tianjin, Hangzhou, Changsha, Sanya, Haikou, and Urumqi. So far this year, Gap has added 33 new stores and plans to open nearly 20 more by the end of the year. With approval from relevant regulatory authorities, Baosheng Group has been responsible for operating Gap’s business in mainland China, Hong Kong, and Macau since February 2023, making Gap an important part of Baosheng Group’s portfolio.