An annual e-commerce shopping festival supporting Hong Kong’s small and medium-sized enterprises will expand into the Asean region for the first time via Singapore and Malaysia, with plans to include other countries in future. The Trade Development Council, the organiser, said on Tuesday that the third edition of the annual Hong Kong Shopping Festival, launching…
BRUSSELS (AP) — The European Union rolled out two measures to protect its steel industry and limit e-commerce small parcels on Wednesday as the 27-nation bloc grapples with its staggering trade imbalance with China. “Today’s change is about restoring fairness for European businesses and better protecting our consumers,” European Commission President Ursula von der Leyen…
A leading green group has urged Hong Kong to align with coming national standards on excessive packaging, warning that the city generated at least 2.7 million kg (5.9 million lbs) of waste from e-commerce parcels last year. The call coincided with an online survey by non-profit group The Green Earth, which found that 60 per…
The Beijing Municipal Administration for Market Regulation has summoned Pinduoduo for talks over misleading advertising. (Reuters pic) BEIJING: Chinese e-commerce giants Pinduoduo and JD.com were among five major platforms summoned for talks over misleading advertising on Thursday, Beijing’s market watchdog said. The talks with company representatives, held by the Beijing Municipal Administration for Market Regulation,…
China is the world’s largest e-commerce market and has been so for many years. One of the biggest players in China’s online shopping market is Chinese ecommerce giant JD.Com, also known as ‘China’s Amazon’. As AI layoffs sweep companies and countries, the founder of JD.com has made a pledge to the company’s 900,000 employees. JD.com…
Hong Kong authorities are seeking to inject HK$4.6 billion (US$587 million) into the government-owned postal service provider to sustain its operations for the next three years, following eight years of operating losses and declining mail volumes. A document submitted to Legislative Council on Wednesday by the Commerce and Economic Development Bureau showed a bruising fiscal…
Hong Kong authorities recorded a 36 per cent increase in illicit cigarette busts last year, seizing HK$2.7 billion (US$345.4 million) worth of goods, as the customs chief warned of a new tactic of children being used to smuggle tobacco across the border. At a press conference on Thursday to review its work in 2025, the…
Hong Kong is building a logistics hub for high-value goods, e-commerce and low-altitude economy in the Northern Metropolis mega development project, with authorities set to gauge industry interest in the first site of the cluster this year. The Transport and Logistics Bureau said on Friday that authorities aimed to attract leading logistics firms with tailored…
China and Hong Kong stocks could deliver nearly 20 per cent gains in 2026, supported by resilient global growth, improving earnings and easing competition among e-commerce giants, according to JPMorgan. The bank expected the MSCI China Index to rebound further as valuations normalised and Beijing’s push to curb excess capacity boosted profitability across key sectors,…
China and Hong Kong stocks could deliver nearly 20 per cent gains in 2026, supported by resilient global growth, improving earnings and easing competition among e-commerce giants, according to JPMorgan. The bank expected the MSCI China Index to rebound further as valuations normalised and Beijing’s push to curb excess capacity boosted profitability across key sectors,…