Reporting and analysis on retail, e-commerce, and consumer trends in Hong Kong, updated continuously by our newsroom.
The explosion of internet of things (IoT) has led to the growing need for connecting devices like sensors and actuators. As many IoT devices require relatively low speed and small amounts of data transmission, low power wide area networking (LPWAN)…
Hong Kong-based jeweler Luk Fook Holdings recorded its first quarterly growth for same-store sales in three years, driven by its gem-set jewelry offering and an improvement in Hong Kong. The company reported a 2% rise in overall same-store sales across its…
WeChat Pay, one of the Chinese mainland biggest mobile payment platforms, has boosted its cross-border business by launching a new service in Hong Kong. In a move that is expected to promote businesses of local merchants, it opened a channel for membership…
Centric Software announces the opening of a new office in Hong Kong, bringing its innovative Product Lifecycle Management (PLM) solutions to local retailers, brands and manufacturers. Centric Software is the leading PLM solution for fashion, retail, footwear,…
Hong Leong Investment Bank (HLIB) Research is maintaining its Sell rating on Pharmaniaga and target price of RM4.29, based on FY18 price-to-earnings multiples of 15.6 times , which is in line with the international peers. It said on Thursday that despite…
Key Hong Kong airport concessions for cosmetics, fashion accessories and liquor & tobacco have been awarded at Hong Kong International Airport. The Airport Authority of Hong Kong has awarded the liquor & tobacco concession to China Duty Free – Lagardere…
Hutchison Telecommunications Hong Kong Holding’s mobile division 3 Hong Kong has teamed up with Huawei to upgrade its mobile network in preparation for the 5G era. The operator is adopting five component carrier aggregation (5CC CA) using its extensive…
Australian swimwear brand Seafolly and Colombian beachwear brand Maaji are the first signings for a global lifestyle platform launched by L Catterton Asia. Based in Singapore, L Catterton Asia is an arm of private equity firm L Catterton, formed last year…
Hong Kong jewellery company Chow Tai Fook has paid a record HK$553 million (US$71.2 million), including fees, for the illustrious Pink Star diamond. This makes the diamond the most expensive precious stone sold at auction. The sale relieves auction house…
Global loyalty marketing agency ICLP surveyed 750 consumers in Hong Kong and asked them the brand that comes to their mind first of the retailers that they shop regularly. The survey reveals a correlation between characteristics of sectors and brand…
Hong Kong based PCCW Global has teamed up with Keppel Data Centres to launch a joint international carrier exchange (ICX) in Hong Kong. The PCCW Global-Keppel International Carrier Exchange has more than 7,800 square feet of dedicated network facility…
Airport Authority Hong Kong (AA) has awarded the “Liquor & Tobacco” concession to CDF – Lagardère Company Limited (CDF – Lagardère), and the “Perfume & Cosmetics and Fashion Accessories” concession to Shilla Travel Retail Hong Kong Limited (Shilla) at Hong…
Business communications and ICT solutions provider Avaya has appointed COL Limited as its distribution partner for the Hong Kong market. Under the agreement, the two companies will collaborate to drive adoption of Avaya solutions in the market and helping…
Hong Kong Air Cargo Terminals Limited (Hactl) has been confirmed as complying with all the requirements of IATA CEIV Pharma. Hactl is the first handler in Hong Kong to obtain the certification. Hactl’s certification is the result of an initiative sponsored by…
Singapore-based money transfer provider InstaReM is introducing free money transfers exclusively for users in Hong Kong. InstaReM, a Money Services Operator licensee in Hong Kong, is running this campaign until end of April 2017. By offering interbank rates…
Hong Kong retail sales fell by 5.7 per cent in February. But when the sales data for January and February are combined – eliminating the distortion caused by the timing of Lunar New Year – the decline is a more modest 3.6 per cent over the two months. The…
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