Beijing: A man has been caught for stealing 11 watches valued around USD 4.80 lakhs from a Cartier store in the Chinese capital.

The man took 11 watches valued at about three million yuan (USD 480,000) from the store in one of the main streets here yesterday and fled in a hijacked taxi, state-run Xinhua news agency reported.

Police apprehended the man two kilometers from the crime scene in about half an hour, the report said without giving out the identity of the person.