Hong Kong MTR Corp’s profit doubles to HK$15.77 billion driven by ridership, property

Hong Kong MTR Corp’s profit doubles to HK$15.77 billion driven by ridership, property

Hong Kong rail giant the MTR Corporation’s net profit doubled to HK$15.77 billion (US$2.03 billion) last year from HK$7.78 billion in 2023, its best performance in six years, driven by robust contributions from property development and strong demand for local and cross-border train services. It marked the firm’s strongest result since 2018 when it pulled…

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China’s fashion retailer taking the world by storm

The Rise of Shein: A New Force in Fashion Retail In May 2021 and again in January 2022, Shein app downloads exceeded those of international e-commerce giant Amazon, according to Chinese-language news daily BJ News. While, Reuters reports estimated the company may have generated about Chinese Yuan Renminbi CNY100 billion (US$15.7bn) in revenue in 2021…

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