Ikea Group plans to open three new stores in China in its new financial year, according to Angela Zhu, Country Retail Manager of Ikea Retail China. The group would also enhance its distribution networks and e-commerce presence in the country. Ikea’s revenue in China, in its full 2017 financial year to August 10, surged 14% to more than CNY13.2 billion. Zhu said the new stores will be located in Guangzhou in Guangdong province, Tianjin municipality and Xuzhou in Jiangsu province. Next year marks the 20th year for the Swedish company in China, where it already operates 24 stores. In the financial year to August 10, more than 90 million people visited its stores in China, an increase of 11%, Zhu said. Moreover, its China country website – ikea.cn – had 75 million visits last year, representing growth of 24%. Multi-distribution channels would continue to be the focus of Ikea China, Zhu added. This year, the company has opened three new stores in Nantong in Jiangsu province, Harbin in Heilongjiang province, and Jinan in Shandong province. In March, Ikea opened its first pickup and order outlet in Beijing, a smaller store compared with the 30,000 to 40,000 square meter regular Ikea stores. The area of a pickup and order point is only 3,000 square meters, the China Daily reports.