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Hong Kong’s top jewellery firm Chow Tai Fook and cosmetics retailer Sa Sa saw sales declines of at least 20 percent during the key Lunar New Year shopping season, as China’s slowing economy weighed on consumer spending. Chow Tai Fook Jewellery Group Ltd, Hong…
Fortune seems to have favoured Macau over Hong Kong during last week’s Spring Festival. But both territories suffered from the ongoing change in Mainland Chinese travel habits. Data from the Macau Government Tourism Office showed 548,536 tourists arrived in…
During the Lunar New Year period, most Hongkongers would need some red envelopes to put in lucky money for kids, for young unmarried colleagues or for doormen. The envelopes are often obtained free as they are given away by banks, corporate houses or business…
Alibaba plans to piggyback on the biggest celebration on the Chinese calendar – Lunar New Year – in the hopes of establishing another e-shopping tradition. Set to start in mid-January in the run-up to Chinese New Year, which falls on February 8 this year,…
