Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
As a fast emerging TechFin brand, AlipayHK has led and driven the adoption of the e-wallet in application in Hong Kong. Since the formation of Alipay Payment Services (HK) Limited (“APSHK”), the joint venture between CK Hutchison Holdings Limited (“CK…
Sogo department stores parent Lifestyle International has reported a 50 per cent drop in net profit for last year, despite increased sales. While turnover rose 16 per cent to HK$4.36 billion (US$555 million), net profit fell to $1.69 billion ($215 million).…
The Seoul city government’s smartphone-based payment-program pilot posted an abysmal track record in its first full month of service, data showed Wednesday. In a bid to help relieve small merchants of burdensome credit card fees, the municipality began the…
HKT Payment has launched a new virtual store within its Tap & Go mobile wallet to allow customers to purchase online game virtual gift cards. The new Tap & Go Marketplace will offer a wide range of gift cards including Google Pay Gift Codes, PlayStation…
Hong Kong retail sales surged 7.1 per cent in January – but the Census and Statistics Department (C&SD) warns they could be affected by the timing of Lunar New Year. “Retail sales tend to show greater volatility in the first two months of a year due to the…
Hong Kong dessert chain Hui Lau Shan will launch in the Philippines in February. The franchise, best known for its mango-based treats,will open at SM Megamall in Mandaluyong City with a range of desserts that are expected to draw on local fruits. Mango…
Chinese sportswear retailer Xtep has signed a deal with Wolverine World Wide to distribute Merrell and Saucony products in Mainland China, Hong Kong and Macau. The joint venture plans to start operating in the second half of this year. “We are delighted to…
Axys Consultants (Paris) and Axys Asia (Hong Kong) have named Alexandre Viale-Berthelier as new partner and head of Asia. This follows the recent announcement of Axys’s expansion in Northern America (through Axbility Consulting), and two years of business…
New research from market intelligence agency Mintel has suggested that convenience will drive the future of the Chinese smart-home market. However, affordability is the biggest barrier to purchasing, in an environment where today’s Chinese consumers are…
Three days of action brought with them a life’s worth of memories as the curtain came down on the Asian stage of the Longines Masters Paris – Hong Kong – New York intercontinental series. More than 35,000 people gathered across the three days of this year’s…
Visual commerce AI firm ViSenze has partnered with Samsung to help users easily discover and purchase products using the Shopping by Bixby Vision app on the electronics firm’s mobile devices. The partnership employs ViSenze’s automated visual-commerce…
H&M has unveiled a collaboration with Paris-based artist Nathalie Lete on a children’s clothing and accessories capsule collection. The collection, which will be available online and in selected stores worldwide from March 7, features several of Lete’s…
Two major jewellery shows organised by the Hong Kong Trade Development Council (HKTDC) will open next week. The sixth HKTDC Hong Kong International Diamond, Gem & Pearl Show, which showcases jewellery raw materials, will take place at AsiaWorld-Expo from 26…
Foot Locker has announced a US$275 million capital expenditure program for this year, with Asia singled out as a target market. The investment is $75 million more than the US-headquartered sports-shoe and apparel retailer allowed for last year. “The capital…
Swire Properties’ Community Ambassador held a gathering with some 40 retirees of Taikoo Dockyard. It has been a tradition to organise such gatherings during Chinese New Year since 2015 to stay in touch with the old Swire staff and foster friendship across…
An unseasonably warm winter and weak consumer sentiment in core markets has been blamed for a more than doubling of losses for Bossini International in the six months to December. The casual-fashion retailer reported a 10 per cent decline in group revenue to…
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