Hong Kong’s smaller grocers are bracing for pressure amid a fresh wave of price cuts by supermarkets and big retail chains, but some economists say their “neighbourhood connection” could help them stay afloat. A lawmaker also said it was unlikely the big local chains would monopolise the market citing strong competition from online shopping platforms….
Hong Kong police officers rarely fire their guns, but when they do, it grips the city’s attention. On Thursday, officers shot dead a man who had taken a woman hostage while brandishing a 30cm knife at a shopping centre in Tuen Mun. Under police guidelines, officers may open fire to protect anyone – including themselves…
Chinese e-commerce group JD.com reportedly bought a majority stake in Hong Kong grocery chain Kai Bo, marking the mainland company’s latest effort to expand its global presence. JD.com spent HK$4 billion (US$509 million) to acquire 70 per cent of Kai Bo Food Supermarket, with the deal involving the grocer’s retail network and property assets, Hong…