Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Swiss ice cream brand Movenpick has launched three pop-up stores in Hong Kong – although, as the photos show, they have a very permanent look. The pop-up stores feature 16 ice cream flavors, including the brand’s nine exclusive flavors, served in natural…
HSBC and Standard Chartered were reportedly amongst the lenders experiencing a significant increase in offshore banking inquiries from Hong Kong residents. The two British lenders both registered a 25-30 percent jump in inquiries, according to a report citing…
Hong Kong retailer Dickson Concepts describes the territory’s retail environment as “the most challenging the group has ever faced”. The company’s retail division suffered a US$27 million loss last year, largely attributable to the impact of Covid-19 and…
Chinese e-commerce giant JD is looking to raise up to US$4.05 billion in a secondary share listing in Hong Kong. The new 133 million shares, priced at $30.45 each, most likely will make the listing among the largest in the territory this year. US regulations…
Hong Kong-headquartered Dairy Farm is to sell its Wellcome Taiwan grocery retail business to Carrefour, with settlement later this year after regulatory approvals have been granted. The deal – worth about €97 million – includes about 224 stores and…
Retail sales in Hong Kong have plunged by more than one-third over the first four months of this year. Census and Statistics Department figures show a 36.1-per-cent decline, which follows an adjusted 42.1-per-cent fall in March. Those two months represent the…
Hong Kong’s Landmark mall has launched the city’s first luxury “e-chat shopping” service on its mobile app. The service is an enhancement of Landmark’s online shopping concierge that enables customers to select, reserve or purchase their favorite items online…
Hong Kong’s retail industry is facing “a crucial, life-and-death moment of survival” according to the city’s main retail body the HKRMA, which has sent an open letter to chief executive Carrie Lam seeking government support. “Since the social unrest from June…
HSBC’s PayMe – Hong Kong’s largest e-wallet operator – reached 2 million users, fuelled in part by the city’s love for card and tile games. The 2 million users represented a 25 percent year-on-year increase as transactions in the broader e-wallet payment…
Local and tourist favorite sandwich maker Hung Rui Chen will be opening a flagship store in Hong Kong this August. Hung Rui Chen is a 73-year-old brand, known for its signature sandwiches and recognized as a national local delicacy for its soft bread and…
HSBC’s PayMe – Hong Kong’s largest e-wallet operator – reached 2 million users, fuelled in part by the city’s love for card and tile games. The 2 million users represented a 25 percent year-on-year increase as transactions in the broader e-wallet payment…
HSBC Private Banking named a new global head of products, investment, and collaboration based in Hong Kong. Lavanya Chari joins from Deutsche Bank in Singapore where she was last its global head of products and solutions for private banking. According to an…
Hong Kong’s Causeway Bay was yesterday the center of the largest and most disruptive protest activity since the outbreak of Covid-19, forcing stores to close and shoppers seeking shelter from tear gas. And they revealed a new target: Hong Kong-listed apparel…
Vegan food orders have experienced significant growth in Hong Kong as people are switching to what they perceive to be more healthy and sustainable food options. Hong Kong food-delivery service Deliveroo says vegan food orders surged 104 percent last year and…
Shenzhen electronics company Realord Asia Pacific has lodged a HK$500 million (US$64.5 million) takeover bid for failing Hong Kong department store group Sincere. Realord has conditionally agreed to acquire the majority 50.4 percent stake in the retailer…
US office furniture company Steelcase has launched online stores in Hong Kong and Singapore. The Steelcase online stores offer a wide range of office chairs, desks and accessories to help people working remotely adapt their homes for work, such as personal…
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