Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
Swiss Watch Gallery launched its signature timepiece event, Art of Time 2019 at Pavilion Kuala Lumpur. Art of Time is presented by Swiss Watch Gallery in partnership with Tumi, GH Mumm, and media outlets The Edge and The Star. In its sixth rendition, Art of…
Hong Kong restaurant sales slumped by 11.7 percent in the third quarter as protests deterred foreign visitors and locals dined in more often. The value of receipts was provisionally estimated at HK$26.4 billion (US$3.37 billion), and the value of purchases by…
DBS signed a memorandum of understanding with the Chinese University of Hong Kong for the inaugural fintech masters degree to further innovation and academic strength in the emerging field. The MoU was signed by Martin Wong, the university’s dean of…
Hong Kong retail sales in September were down 18.3 percent in the same month last year, but the decline was less than in August. The luxury sector again took the biggest hit. Census and Statistics Department data released Friday provisionally estimated sales…
Hong Kong’s upcoming virtual banks are considering cash withdrawal capabilities for its customers through automatic teller machine giant Jetco. Under the terms of the newly issued virtual banking licenses, no physical branches are allowed to be made and a…
Food delivery service Foodpanda is to expand into other services, including groceries, household essentials and flowers. The company will offer delivery service for items from more than 1000 retail partners in Singapore, including Caltex Star Mart, Eu Yan…
HSBC posted a 24 percent drop in third-quarter profits despite a «resilient» Hong Kong business that managed to offset the city’s technical recession. The bank reported profits of $2.97 billion in the three months ended September 30, compared to $3.89 billion…
Standard Chartered recently opened its second eXellerator innovation lab in Hong Kong which will focus on developing solutions for its corporate, commercial and institutional banking clients. Located in the central business district, the new lab differs from…
Fourth-generation French baker and globally recognized pastry chef Gontran Cherrier has opened his first boulangerie and restaurant in Hong Kong’s K11 Musea. The Hong Kong store and restaurant mark the first flagship for Asia with further openings planned…
Hong Kong contemporary Chinese restaurant chain Social Place has launched its first outlet in Singapore at Forum The Shopping Mall. The brand’s first outlet in Southeast Asia is a joint venture among three F&B businesses from Hong Kong, Singapore and…
Budget Carrier Cebu Pacific on Wednesday said it will launch in November direct flights between Puerto Princesa, Palawan and Hong Kong “to better connect the province to a wider market for tourists through a key international hub.” “Cebu Pacific will be the…
Restaurant table-filler app Eatigo is set to double the user numbers and outlets it represents over the next year. The restaurant reservation platform helps restaurants fill up empty tables by offering discounts to diners at different times of the day through…
Hong Kong street-front rents have plunged by 54 percent from their peak in the first quarter of 2013, according to data from real-estate advisor Savills. Much of that decline has occurred in recent months since the Sino-US trade war broke out and amidst…
More than one-third of Hong Kong consumers are ditching plastic in favor of e-wallets, according to a new FIS report on global retail payment trends. The report showed that e-wallets are now the preferred way for Hong Kong consumers to pay for goods online.…
Kyoto coffee chain % Arabica has made its debut in the UK with its first store in London. Located right by Covent Garden’s piazza, a tourist destination, it is surrounded by a shopping hub and close to West End theatres. Meanwhile, the brand has already…
Analysts are warning that Burberry Hong Kong is bracing for a £100 million hit on sales from the city’s ongoing disorder. Burberry has declined to comment on the research note issued by Jefferies and reported by The Telegraph newspaper in London, and further…
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