Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
The digital currency Bitcoin plunged Wednesday after Bitfinex, an exchange based in Hong Kong, said it had been hacked and funds stolen. The exchange said it had halted trading, deposits and withdrawals while it investigated which users had been affected.…
From fast-fashion chain H&M to lifestyle brand Maison Kitsune and cosmetics firm Innisfree, mass-market retailers are setting up shop in premises previously occupied by luxury brands in Hong Kong’s prime shopping districts. Aided by falling rents in top…
Restaurant industry analysts remain sceptical about the sector’s growth prospects despite promising year-on-year figures. Census and Statistics Department figures show restaurant receipts in Hong Kong increased 3.1 per cent year on year, at the end of the…
Hong Kong retail sales slumped 8.9 per cent year-on-year by value in June to HK$33.7 billion. That’s marginally higher than May’s fall of 8.3 per cent, but a slower rate than the 10.1 per cent of the first six months of this year. It marks the 16th…
Asia is driving “significant growth” in the global airport retail market, according to a new report from Credence Research. This is based on the increasing disposable income of middle-class families in emerging countries coupled with affordable travel…
Hong Kong’s SmarTone has introduced Wi-Fi calling for multiple devices using equipment provided by Ericsson. The new Wi-Fi calling service allows customers to pair up to five personal devices that lack SIM cards – including tablets, computers and smart…
Hutchison Telecommunications Hong Kong Holdings (HTHKH) has reported a 26% year-on-year decline in net profit for the first half of the year to HK$376 million ($48.5 million), due to weaker than expected smartphone sales. Total revenue fell 52% to HK$5.42…
Fintech firm 8 Securities said on Monday it plans to launch Hong Kong’s first so-called robo-investment advisor app in the next quarter, which it is calling “Chloe”, but experts remained divided on whether such an idea will every catch on in the city. Asia,…
NTT Com and fellow NTT Group member Dimension Data have teamed up to launch Hong Kong’s first mobile virtual network enabler (MVNE) platform. The service will allow MVNOs access to the infrastructure required to deliver 3G and 4G data services in the city.…
Pan-Asia retailer Dairy Farm International Holdings reports “modest” sales growth for the six months ended June 30. Underlying profit was slightly ahead as higher contributions from food, home furnishings, restaurants and China hypermarket Yonghui offset a…
Major Hong Kong tourism and shopping hotspots have been rushing to cash in on the citywide Pokemon Go craze with numerous events being organised, centred entirely around the smash-hit mobile game, to reinvigorate the city’s lacklustre retail sector. Three…
Singaporean contemporary jewellery brand Luvenus Jewellery announced today (July 26) that it has opened its first overseas outlet at Hong Kong International Airport to showcase its designs to the millions of travellers that pass through the airport each year.…
The 27th Hong Kong Book Fair ended today, after drawing record attendance of close to 1.02 million visitors. The week-long literary and cultural extravaganza, organised by the Hong Kong Trade Development Council (HKTDC) and held at the Hong Kong Convention…
Swatch Group, the maker of Omega and Tissot timepieces, has reported its lowest first-half profit in seven years, with demand tumbling in Hong Kong, France and Switzerland. Its first-half operating profit fell 54 per cent to 353 million francs (US$359…
Fashion brand Prada Hong Kong will renovate and expand its store on Canton Rd. Covering more than 1300 sqm over two storeys, the store has a secondary internal access from Harbour City. Its facade pays homage to Franco-Venezuelan kinetic artist Carlos…
High-end lingerie sales are outpacing China’s generally downbeat luxury market, and heating up competition between international brands and local rivals looking to go upmarket. U.S. brand Victoria’s Secret will open its first store, and companies including…
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