Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
In partnership with creative agency DDB and Tribal Hong Kong, McDonald’s Hong Kong has opened a concept store in Taikoo Shing. Featuring more than 1000 of the family restaurant’s toys dating back to 1980, the interactive McDonald’s Toy Museum at City Plaza…
Hutchison Global Communications (HGC) has launched a one-stop enterprise-grade cloud backup service to augment its cloud portfolio. The Backup-as-a-Service offering is designed to allow enterprises to back up files, operating systems and applications at he…
Li & Fung Group subsidiary LF Beauty is seeking to cash in on soaring demand for beauty products in Mainland China and wider Asia. China’s skincare and cosmetics market is projected by the Hong Kong Trade Development Council to grow by an average annual rate…
The latest Hong Kong retail sales data shows the rate of decline is continuing to slow this year. In May, according to information from the Census and Statistics Department released on the eve of Friday’s holiday, there was a year-on-year decline of 8.4 per…
Hong Kong faces great economic uncertainty and unprecedented market volatility, and given the Brexit chills, analysts expect a contraction. In fact, John Tsang Chun-wah, the Hong Kong Special Administration Region’s financial secretary, has warned that the…
Asian eCommerce company, Zalora, has relaunched its scholarship program, now on its second year. The theme for the Zalora Scholarship this year is “Function Vs Fashion: How the Two Coexist in (Major) Trends Over the Decades”. The online retailing company says…
Watson Indonesia plans to open up to 20 new stores this year. Duta Intidaya, the local Watson’s rights-holder since 2006, will use about 65 per cent of the US$6.49 million raised in its recent IPO to fund the new stores, with the balance of the cash going to…
Hong Kong’s mobile subscriber base has reached saturation point, with a population penetration of 95%, according to mobile industry body the GSM Association (GSMA). The company’s new report into APAC’s mobile economy, published at Mobile World Congress…
The retail sector in Hong Kong is finding it difficult to keep their boat afloat amidst the decline in mainland tourists since a year ago. Now, the Britain’s vote to leave the EU is likely to make matters from bad to worse for the Hong Kong’s retail sector,…
Francis Gouten, director of Gouten Consulting and former chief executive of Richemont Asia Pacific Ltd., talks to Nick Bradstreet, managing director and head of leasing for Savills Hong Kong, about the Hong Kong retail market. How do you see the economic…
Japanese payments company NTT Data Corporation has agreed to take on pioneer Vietnam fintech company VietUnion Online Services, which has an intermediary payment services licence issued by the State Bank of Vietnam. VietUnion, a group company of Saigon…
Hong Kong-listed lingerie brand Cosmo Lady says it will venture into overseas markets to seek global business partners. The first Chinese underwear brand to go public, two years ago when it launched on the Hong Kong Stock Exchange, Cosmo Lady is seen in China…
Hong Kong-based electronic payment processing service company ePayWeb Asia has agreed to acquire 10% stake in the planned Allied Wallet (AW) Virtual Mall. As per the deal, ePayWeb agreed to invest $100m in exchange for a 10% stake in the company. The AW…
Hong Kong clothing retailer Bauhaus International (Holdings) Ltd saw its annual net profit plummet by 59.1 per cent to HK$52.9 million (US$6.6 million) for its past fiscal year, due to the plunge in the company’s earnings from the Hong Kong and Macau markets.…
For Malaysian consumers, the last couple of years have been a mercurial ride with the implementation of the Goods and Services Tax (GST) and the subsequent effects of it as well as other global and domestic events which have rippled through prices of goods…
New Sa Sa stores are set to open in train stations and near the Mainland China border as the beauty retailer adapts to the changing demographic of Hong Kong shoppers. During a press conference discussing the group’s results last week, Sa Sa chairman Simon…
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