Hong Kong recorded a 13 per cent surge in visitors from mainland China during the Lunar New Year holiday, with the influx boosting jewellery sales by 10 per cent during the period despite a sharp rise in gold prices. Industry representatives said on Sunday that festive business had outperformed last year’s, though the recovery remained…
American athleisure brand Alo Yoga has taken over a large waterfront commercial space in Hong Kong after being vacated by a British luxury food retailer, with analysts saying “experience-led” wellness brands are emerging as rare bright spots in an otherwise uneven retail recovery. The local debut of the brand at the 7,000 sq ft, two-storey…
Hongkongers made 2.73 million outbound trips over the Christmas holiday period, an increase of about 11 per cent from last year, with an industry leader reporting a boost in the nightlife sector, and experts saying the food and beverage business remained lacklustre. According to the Immigration Department on Monday, the number of outbound trips between…
Hongkongers made 2.73 million outbound trips over the Christmas holiday period, an increase of about 11 per cent from last year, with an industry leader reporting a boost in the nightlife sector, and experts saying the food and beverage business remained lacklustre. According to the Immigration Department on Monday, the number of outbound trips between…
More Chinese artificial intelligence firms and chipmakers are turning to Hong Kong for fundraising, testing the appetite of global investors following stellar onshore debuts of graphics processing unit (GPU) developers Moore Threads Technology and MetaX Integrated Circuits. GigaDevice Semiconductor is a step closer to its Hong Kong initial public offering (IPO) after passing a listing…
Super Typhoon Ragasa may have resulted in billions of Hong Kong dollars in economic losses to the city, but its overall impact may have been less severe than past storms, with more people working from home and the stock market trading despite the adverse weather, experts have said. But they warned on Thursday that as…
Hong Kong could reap as much as HK$428 million (US$54.5 million) in economic benefits from the city’s eight-day football festival, experts have said, bringing about a windfall for sectors such as retail, hospitality and transport. One hotel sector representative said his firm expected a 12 per cent increase in room rates over the event period…
Hong Kong could reap as much as HK$428 million (US$54.5 million) in economic benefits from the city’s eight-day football festival, experts have said, bringing about a windfall for sectors such as retail, hospitality and transport. One hotel sector representative said his firm expected a 12 per cent increase in room rates over the event period…
Eateries specialising in what were once known as “poor man’s meals” and which typically operated in Hong Kong’s lower-income neighbourhoods are now bucking the local trend of closing restaurants, with many chains now expanding across the city. One expansive player is Kuen Fat Kitchen, which recently came under the spotlight for spending HK$180,000 (US$22,900) a…
Hong Kong-based Link Asset Management has said it is “streamlining a small number of roles and positions” as part of an efficiency drive in response to a “challenging operating environment” amid reports that the firm has been conducting lay-offs. Economists said the move by the firm, which owns 150 properties in Hong Kong, mainland China…