Topic
News about consumer spending and shifting shopping habits from around the world with a focus on developments in Hong Kong and mainland China.
Hong Kong must come up with more targeted and effective promotions to avoid missing out on tourists from mainland China in May Day break bonanza.
Hong Kong shops and restaurants, already suffering, lost out as hundreds of thousands of citizens ventured to mainland China to take advantage of the long Easter weekend.
Organiser says customers who bought tickets through official channels can receive 50 per cent refund if they apply by April 12 deadline
A worrying investigation by the consumer watchdog identified problems that will only deepen unless a fix is found.
- Post learns Rabbit N Radish operated its online store for several years, selling products such as clothing, beauty and cosmetics, as well as household goods
- Retailer received 164 complaints from patrons, allegedly breached Trade Descriptions Ordinance, customs says
About 800,000 trips made on Wednesday, below 1 million estimate, official data shows.
A growing ‘she-conomy’ in China is leading to the working-age female population playing a leading role in personal spending and family purchases amid Beijing’s shift away from an investment-led growth model.
China’s top three premium EV makers posted mixed sales last month, as companies remain entrenched in a price war in the world’s largest car market that shows no signs of ending.
Controversy follows earlier online debate over rules governing ‘bed curtains’ for privacy in shared rooms and smoking and alcohol on campus.
Yum China Holdings, which owns the KFC and Pizza Hut restaurant chains in mainland China, plans to open more stores in ‘untapped’ parts of the country where it hopes its low-price strategy will appeal to vast numbers of less affluent customers.
Police and Department of Health mount joint operation in Yau Tsim Mong district, arresting trio, aged between 29 and 33, for alleged illegal sale of medicinal products.
The American chicken franchise, fast-food rival McDonald’s and US coffee chain Starbucks have all become targets of a nationwide boycott movement triggered by Israel’s war on Gaza.
Jetour targets markets like Malaysia and Indonesia with right-hand drive models as globalisation drive accelerates.
Predictions restaurant trade will suffer from golden week double whammy despite an estimated 800,000 tourist arrivals from across the border.
China’s automotive sector braces for an escalating price war, and the intensified scramble for market share could hasten the closure of unprofitable laggards.
Transport Department has allocated an additional 40 per cent quota for cross-border bus operators to increase service frequencies over the May 1-5 holiday.
Daigou, or personal shoppers for mainland Chinese consumers, used to account for billions of dollars of products sold by Australian businesses.
International marques are mounting a spirited fightback, focusing on reliability and safety, and providing a mixed bag of petrol and electric cars for a new generations of local customers.
Nissan Motor unveiled four new electric vehicle models at the Beijing Auto Show and vowed to build more EV products ‘in China, for China’ in an attempt to recover lost sales.
The carmaker hopes to lure high-end Chinese consumers amid an escalating price war among some of its top rivals.
Apple is still No 1 in China’s premium segment, which consists of handsets priced over US$600, but it is losing market share to Honor and Huawei, according to IDC.
Further discounts offered by carmakers in a price war in mainland China’s electric vehicle market could ensnare even the likes of top seller BYD, Goldman Sachs says.
Apple saw iPhone sales in China decline 19.1 per cent in the first quarter, while Huawei achieved sales growth of nearly 70 per cent, according to Counterpoint.
Chinese farmers are keeping the fewest pigs for breeding since 2020, raising hopes of sustained profitability after years of losses. But the turnaround may not speak to the broader economy, analysts say.
Chinese-produced durian is set to be available to the public in July, with production from the tropical island of Hainan likely to reach 200 tonnes this year, although Thailand and Vietnam are set to remain the largest sources.
Centre for Food Safety this month ordered four pre-packaged spice mix products from India to be recalled after it found the pesticide ethylene oxide in samples.
AliExpress, the international online retail platform of Alibaba, has been in talks to invest US$72.4 million to acquire a 5 per cent stake in Ably Corp.
Li Auto , Tesla’s nearest rival in mainland China, reduced the price of all its vehicles by up to 5.7 per cent, just a day after the US carmaker offered discounts to local customers amid an escalating discount war.
Beijing’s prudent monetary moves and an emphasis on restructuring local government debt have sparked debate over how long it will take policymakers to ‘walk it off’.
Tesla has cut the prices of its Shanghai-made vehicles by more than 5 per cent in mainland China, joining an intensifying discount war in the country amid a slowdown in the carmaker’s sales globally.
Wars in the Middle East and Ukraine, and continuing lower US interest rates have burnished gold’s billing as an investment, but it is the unrelenting Chinese demand that is juicing the rally.
It is only a matter of time before the currently depressed market stages a rebound, according to Fred Hu of private-equity firm Primavera Capital.
Zando Global was launched on Thursday in the hopes of taking on the fast-fashion Chinese e-commerce retailers at home.
