Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Hong Kong kidswear resale platform, Retykle, is set to expand its presence into Singapore, marking the brand’s first foray into an international market. The Singapore launch follows Retykle’s latest round of seed funding earlier this year, which will support…
Deutsche Bank has hired a former HSBC executive as a managing director in its wealth management unit. Tse Yi-Mun joins Deutsche Bank Wealth Management as a managing director and group head for North Asia, according to a statement. Based in Singapore, she…
China’s two special administrative regions announced their list of eligible banks to participate in the cross-border wealth management scheme. In Hong Kong, HSBC, Standard Chartered, Citi and more were amongst those on the list of 19 approved banks, according…
Hong Kong noodle chain Tamjai SamGor Mixian is to expand its international reach with its Japanese debut early next year. Marking the brand’s second overseas entry after Singapore, the Japan launch follows its IPO in Hong Kong last week, the proceeds of which…
Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days. The Chinese billionaire has been keeping a low…
ZTE Corporation has signed a strategic cooperation agreement with China Telecom Global Limited in Hong Kong. According to the agreement, both parties will further deepen their strategic cooperation in cloud network services, ICT, data centers and global…
Home furnishing giant Ikea has launched the world’s first Ikea Close to You concept store inside the Market Place grocer in Hong Kong’s Discovery Bay. Spanning more than 3000sqft, Ikea Close to You houses more than 110 home furnishing products together with…
Hong Kong’s retail sales climbed for the seventh straight month in August, helped by a stabilising Covid-19 situation, an improved labour market and economic recovery and thanks to a boost from a consumption voucher scheme (CVS). Retail sales in August rose…
The bank said the newly created role will help one of its key pillars of embedding its solutions into the digital platforms that its clients are adopting. HSBC has appointed Aman Narain as head of platforms for global commercial banking, a role in which he…
An app that blends the convenience of shopping by phone with in-store experience has been launched in Hong Kong. KaiKai has teamed with retailers to offer discounts on popular products of up to 50 percent, including Apple AirPods Pro, Dyson Supersonic…
Tianjin-headquartered Sunac is the latest major property developer to reportedly face troubles, with a letter to Chinese authorities asking for policy assistance. Sunac China Holdings Ltd. asked authorities in Shaoxing – a city in the eastern coastal province…
Hong Kong restaurant group Black Sheep is taking Australian gelato brand Messina to the ‘dessert-obsessed’ Hong Kong community. Messina’s first Hong Kong store will be located on historic Pottinger Street. The launch also marks Black Sheep Restaurant’s first…
The digital assets derivatives exchange has moved its headquarters to Nassau, the Bahamas, citing friendlier regulation and no mandatory quarantine upon arrival in-country. The company’s chief executive officer, 29-year-old billionaire Sam Bankman-Fried told…
Expat packages have taken a hit as a result of lower cost of benefits and a dip in salaries. The average pay package for a mid-level expatriate in Singapore fell by $7,284 a year, and now stands at $225,171 annually – the 17th highest in the world, ECA…
China’s top parliament is in the last of its four-day meeting on draft bills with some broad indications unveiled about Hong Kong’s anti-sanctions law, including a rough timeline and government entities to be involved. China’s National People’s Congress (NPC)…
Shenzhen-headquartered drone maker DJI is to close its Hong Kong flagship store in Causeway Bay – but the company says the move is unrelated to strict new laws restricting drone use in the territory. The three-story, 930sqm store, which displays the brand’s…
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