Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Hong Kong’s retail sales fell in March for a second consecutive month after the city imposed stringent restrictions to curb an outbreak of COVID-19 but the government expected the sector to draw support as cases decline and measures are eased. Retail sales in…
Beauty retailer Sephora has entered the Vietnamese market with a dedicated ecommerce store after an initial trial period of five months. Local customers can now buy directly from Sephora online, but there is no word yet on whether the global brand will open a…
AEON Stores Hong Kong have lost HK$470 million in 2021, but the retail group is still planning to expand its footprint in the city by launching more retail stores under the brand Daiso Japan. In the recent announcement of its annual result for the financial…
The operator of Domino’s Pizza in China, DPC Dash, has filed for Hong Kong stock exchange listing to expand its footprint in China. However, it was not clear how much the company was aiming to raise in its Hong Kong listing. The company is currently Domino’s…
Sa Sa is pleased to announce today its official entry onto foodpanda mall in Hong Kong, an online grocery and goods shopping mall under foodpanda. Through foodpanda mall’s round-the-clock delivery service, Sa Sa will open up for local customers a more…
While we all wait for the rollout of the city’s anti-pandemic fund to support residents and businesses affected by the ongoing public health crisis, some of Hong Kong’s biggest companies have also stepped up to help. In a recent announcement, foodpanda, the…
Deliveroo HK is taking steps to reduce food packaging waste generated by its restaurant partners. The delivery giant is investing HK$2 million to incentivize a scheme that will encourage restaurants to use plastic-free packaging for their delivery orders. It…
Hong Kong will offer tax breaks, handouts, and subsidies to small businesses and residents, to mitigate the impact of a new wave of social restrictions to curb Covid-19 infections, Finance Secretary Paul Chan said in his 2022-23 budget speech. The measures…
Private equity firm Affinity Equity Partners is this week launching the sale of its Burger King fast-food businesses in South Korea and Japan, in a deal that could fetch more than US$1 billion, a person with knowledge of the matter told Reuters. Hong…
Tighter government COVID-19 restrictions from Saturday already prompted UBS and other banks to re-impose workplace limits. The Hong Kong government yesterday announced a raft of new COVID-19 restrictions yesterday following a number of untraceable Omnicron…
Hong Kong’s economy lost some momentum in the second quarter but still expanded by 7.5% from a year earlier, as domestic and global activity continued to recover from last year’s pandemic-induced slump. Despite some slowdown in robust export growth, the…
Hong Kong-headquartered virtual lender WeLab has acquired Indonesia’s PT Bank Jasa Jakarta as part of broader expansion plans across Asia. A WeLab-led consortium Welab Sky raised $240 million which will be used to fund the transaction to acquire the…
Facebook has opened doors to its first pop-up store in Hong Kong to educate consumers on how to personalize their Facebook experience and unlock exciting possibilities while maintaining their online privacy and safety. From December 3 to 7, Preface Coffee &…
Food delivery giant Uber Eats revealed on Tuesday it would wind down its Hong Kong operations by year’s end after seeing slower-than-expected growth. “Uber Eats has unfortunately not grown as expected in Hong Kong,” the company said in response to a Post…
Over the past couple of years, DLA Piper has welcomed several new partners to its Asia Corporate practice. Now the firm announces another hire. Global law firm DLA Piper continues to strengthen Asia capital markets offering with new partner hire in Hong Kong,…
Canada Goose has appointed Paul Cadman as its new president for the Asia-Pacific region. In his new role, Cadman will oversee the business’ activities including commercial, financial, and marketing across Apac markets, including Greater China, Japan, South…
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