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British streetwear brand, Palace, is set to inaugurate its first independent retail store in Mainland China, within the historic district of Zhangyuan in Shanghai. The store, which opens its doors to the public this Friday, draws inspiration from the…
Analysts predict a 5% rise in Hong Kong residential property prices in 2026, spurred by demand from buyers from mainland China, potential interest rate cuts, and a decrease in unsold new apartments. Joseph Tsang Hon-ping, the chairman of JLL in Hong Kong,…
Hong Kong-listed Cafe de Coral Holdings, one of Asia’s largest restaurant and catering groups operating quick-service restaurants, will speed up its expansion in mainland China with 17 store openings in the pipeline. The company revealed its plans after its…
Tiffany & Co sales were hit by what CEO Alessando Bogliolo described as “dramatically lower worldwide spending attributed to foreign tourists” during the first quarter. Globally, sales fell by 3 per cent in the three months to April 30, to US$1 billion and…
Taobao will leverage its livestreaming technology to help incubate 1,000 key opinion leaders in China’s countryside in an effort to boost rural development. By helping farmers go online, Taobao aims to enable farmers to find new markets and customers from…
Le Saunda sales plunged 30 per cent in the fourth quarter as the embattled shoe retailer struggles to attract customers. According to a stock exchange filing, sales at Le Saunda’s self-owned stores fell by 29.9 per cent in the quarter, with same-store sales…
Hong Kong faces great economic uncertainty and unprecedented market volatility, and given the Brexit chills, analysts expect a contraction. In fact, John Tsang Chun-wah, the Hong Kong Special Administration Region’s financial secretary, has warned that the…
Listed retailer Oriental Watch Holdings says its net profit fell 78 per cent in the year to March. The company, which had issued a profit warning earlier in the year, has been hit by the slump in demand for luxury watches from mainland Chinese, in turn a…
A yr on from shopping for Hearts on Hearth, Hong Kong headquartered jeweller Chow Tai Fook stays bullish concerning the model’s prospects in Mainland China, regardless of the static jewelry market. Chow Tai Fook has three standalone shops in China and, one…
Chinese language smartphone maker Xiaomi has opened its first retail retailer outdoors the Mainland. The Mi Hong Kong retailer – dubbed Mi Residence – is a 270 sqm area inside Hollywood Plaza at 610 Nathan Rd in Mongkok. We are saying ‘area’ as a result of…
