Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Hong Kong retail sales growth stalled in August, down 0.1 percent yearly, following a revised estimated increase of 4.1 percent in July. According to the Census and Statistics Department, August’s figures were impacted by a high base compared to a year ago,…
Buy2Sell, an e-commerce B2B platform in Singapore, has announced a new strategic partnership with Mastercard. For a global orientation to 2025, Buy2Sell is also moving towards expanding its cross-border sales through its e-commerce. Buy2Sell will enable…
Maersk completed its US$3.6b acquisition of LF Logistics in late August, taking control of the Hong Kong-based contract logistics company, which will now be rebranded to Maersk. Maersk will add 223 warehouses to the existing portfolio, bringing the total…
Hong Kong has been great place to set up an eCommerce business long before the demand for online shopping increased due to the pandemic. E-Commerce sales in Hong Kong are expected to grow at an annual growth rate of 8.3% between 2021 and 2024. The Hong Kong…
Hong Kong’s retail sales jumped 11.7% in April from a year earlier, ending two consecutive months of declines, with the rebound helped by a receding COVID pandemic and the disbursement of government’s consumption vouchers. The retail sector has been under…
HKT announced a 3% increase in its total revenue for the first half of the year, amounting to HK$16,157 million, while total revenue excluding mobile product sales grew by 5% to HK$14,868 million. The company cites continued strong demand for high-speed…
Cathay Pacific Cargo has resumed its weekly Boeing 747 freighter service from Toowoomba Wellcamp Airport (WTB) in Queensland, Australia to Hong Kong (HKG). The carrier said in a LinkedIn post on 4 August the new service will support local producers and…
China Tourism Group Duty Free Corp is aiming to raise up to $2.16 billion through a new listing in Hong Kong, according to a term sheet reviewed by Reuters, in what will be the largest share sale in the city so far this year. Shanghai-listed China Tourism is…
Southeast Asia leading womenswear brand, Love, Bonito, officially opened its Hong Kong flagship store today (July 22), as part of its global expansion plan to capitalise on its growth momentum and develop a stronger presence in the city. The new flagship…
Alibaba will apply for a primary listing in Hong Kong and keep its US listing, the first big company to take advantage of a rule change allowing high-tech Chinese firms with dual-class shares to seek dual primary listings in Hong Kong. Shares in Alibaba rose…
Hong Kong’s new health chief reportedly spoke about the possibility of quarantine-free travel by November, in time for the city’s global banking summit. By the time the Hong Kong Monetary Authority hosts the global banking summit scheduled for November 1 and…
Hong Kong jeweler Luk Fook’s revenue and profit rose by around 30% to 40% for the full fiscal year that ended March 31, the company estimated. A low base of comparison with the previous year — which saw pandemic-related restrictions — is responsible for the…
The new store has been launched by GMG as part of the company’s plans to ramp up its investment in the Asia market. The new Nike store spans over 2171sq ft and is situated in the East Point City shopping mall in Hang Tau district. It is home to sportswear for…
Outgoing city chief executive Carrie Lam makes frank comments to CNBC before her departure at the end of the month. Hong Kong’s embattled chief executive Carrie Lam, who has faced a difficult, tempestuous five-year term that included the 2019 pro-democratic…
Hong Kong snack food franchise Aji Ichiban has closed all of its stores in the territory after suffering significant losses as Covid-19 caused a slump in overseas visitors, The Standard reports. The company’s website and phone numbers were reported not to be…
L’Oreal Hong Kong has partnered with Watsons and recycling social enterprise V Cycle to launch the recycling program ‘Beauty for the Future’. The campaign aims to encourage customers to recycle their empty cosmetics and skincare containers – from any brand –…
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