The expansion of the loophole for tariff-free shipments of goods nearly a decade ago gave rise to Temu, Shein and other low-cost online retailers offering items straight from Chinese factories at unfathomable discounts. It also unleashed something else — a cascade of billions of dollars of digital advertising that provided a windfall for Meta, Alphabet…
The Hong Kong Monetary Authority (HKMA) has stepped into the financial market again to rein back the local currency, which had been pushed above its trading band against the US dollar amid the recent influx of capital in the city’s bourse. In its first market intervention in two years, the city’s de facto central bank…
Hong Kong rail giant the MTR Corporation has pledged to upgrade its internet capacity after scores of travellers, many of whom were mainland Chinese, were stuck at a border station struggling to generate their QR code tickets with an overloaded network during the Labour Day “golden week” holiday. Passengers at Lok Ma Chau station spent…
Temu, the Chinese e-commerce platform, has stopped shipping products from China directly to customers in the United States, a spokesperson for the company said on Friday. Instead, all of its U.S. orders will be shipped from local warehouses in America. The change comes as the Trump administration closed a loophole that allowed products made in…
To investors worried about the direction of volatile markets over the next few weeks, fear not. I have some good news for you. The impact of US President Donald Trump’s tariff tantrum is abating. The markets are back to normal – at least for now. But to understand why markets have somewhat recovered, albeit temporarily,…
Hongkonger Janet Kung Tsz-shan is one of the rare few with mastery over the disciplines of rock climbing, scaling ice and bun scrambling. “All involve upwards motion and engage similar large muscle groups,” the 31-year-old said. “Rock climbing focuses on finger [strength], ice climbing on forearms and bun scrambling on the back. They complement each…
Hong Kong’s High Island Reservoir in Sai Kung was packed with hundreds of mainland Chinese tourists on Thursday as the five-day Labour Day “golden week” holiday began, with a heavy police presence deployed to maintain order. The reservoir’s East Dam, which has become a hotspot among mainland visitors after being promoted on various social media…
Calls are mounting for mainland Chinese drivers to be required to sit tests in Hong Kong to get their driving qualifications recognised in the city, with official figures recording a sharp rise in applications for local licences in recent years. Data prepared by the Transport Department for legislators showed that the number of direct issue…
Hong Kong police have arrested a 54-year-old man who allegedly punched a taxi driver, forcing the latter to stop his vehicle midway through the ride. The force said it received a call for help at 11.47pm on Thursday from a 64-year-old taxi driver to report that he had been punched by a passenger during a…
Former Hong Kong lawmaker Claudia Mo Man-ching has broken her silence after finishing a jail sentence imposed for subversion, sharing how she managed to ward off loneliness and boredom during her “Kafkaesque” life behind bars. Mo, who was released earlier this week alongside three former legislators, also said on Friday she had read more than…