Beijing believes the internet giants’ aggressive price-cutting campaign could push retailers across China into losses, potentially undermining the economy. BABA led the declines, falling 5.3%; the stock has declined sharply in recent months due to a host of factors. China’s State Administration for Market Regulation summoned executives from the firms over what officials said was…
Unusually warm weather in Hong Kong has forced flower sellers at Lunar New Year fairs to contend with premature blooms while also navigating a retail landscape where heavy foot traffic masked a tightening of local purse strings. On Sunday, the Observatory recorded a maximum temperature of 26.9 degrees Celsius (80.4 Fahrenheit) at its headquarters in…
Some lovebirds in Hong Kong are expressing their affection this Valentine’s Day by spending hundreds of dollars on bouquets and gifts, while several vendors have recorded growth in sales of about 20 per cent. At the bustling Flower Market in Mong Kok, many men were among the crowds picking rose bouquets, while others browsed for…
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…
Tailor-made counterfeit student cards for universities in Hong Kong, including the city’s oldest institution, are being sold on an online platform, the Post has found, with legal experts warning that both sellers and buyers may be breaking the law. A check by the Post on Monday found at least three shops on a major cross-border…
Smoke grenades, live animals and fresh meat are among the heavily regulated items readily available on mainland Chinese e-commerce sites for delivery to Hong Kong despite an official crackdown, the Post has found. Listings on Taobao and Pinduoduo have been subject to increased scrutiny following the arrest last month of a 13-year-old Hongkonger who allegedly…
Hong Kong customs has launched talks with major cross-border e-commerce firms, including Pinduoduo and Taobao, in a bid to block contraband from being sold to buyers in the city, the head of the disciplined service has revealed. Commissioner of Customs and Excise Chan Tsz-tat told the Post in an exclusive interview that his agency had…
Raw oysters, frozen poultry and fresh eggs sold on mainland Chinese e-commerce platforms can still be delivered to Hong Kong, the Post has found, despite a joint warning issued by consumer watchdogs in the city, Macau and Guangdong province. According to checks by the Post on Wednesday, five pounds of fresh raw shucked oysters from…
One of China’s biggest portable power bank makers has suspended production for at least six months and closed its stores on major Chinese e-commerce platforms after a massive recall of its products and the decision by the country’s civil aviation authority to ban unlicensed power banks on flights. Shenzhen-based Romoss Technology, which sells its products…