Tag: hong kong

Retail Asia04/10/2021
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Home furnishing giant Ikea has launched the world’s first Ikea Close to You concept store inside the Market Place grocer in Hong Kong’s Discovery Bay. Spanning more than 3000sqft, Ikea Close to You houses more than 110 home furnishing products together with 120 Swedish signature gourmets ranging from meatballs, salmon, sauces to condiments. According to […]

Retail Asia30/09/2021
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The bank said the newly created role will help one of its key pillars of embedding its solutions into the digital platforms that its clients are adopting. HSBC has appointed Aman Narain as head of platforms for global commercial banking, a role in which he will lead its strategy, including the development, commercialization and innovation of propositions, according to […]

Retail Asia29/09/2021
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Tianjin-headquartered Sunac is the latest major property developer to reportedly face troubles, with a letter to Chinese authorities asking for policy assistance. Sunac China Holdings Ltd. asked authorities in Shaoxing – a city in the eastern coastal province of Zheijiang – to offer policy assistance due to operational difficulties, according to a report citing a letter […]

Retail Asia27/09/2021
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Hong Kong restaurant group Black Sheep is taking Australian gelato brand Messina to the ‘dessert-obsessed’ Hong Kong community. Messina’s first Hong Kong store will be located on historic Pottinger Street. The launch also marks Black Sheep Restaurant’s first collaboration in more than five years. “We are passionate about gelato and consider ourselves connoisseurs, but knowing […]

Retail Asia24/09/2021
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The digital assets derivatives exchange has moved its headquarters to Nassau, the Bahamas, citing friendlier regulation and no mandatory quarantine upon arrival in-country. The company’s chief executive officer, 29-year-old billionaire Sam Bankman-Fried told industry publication Blockworks that the proactive stance taken by The Bahamas and its regulatory bodies on cryptocurrencies» is one of the primary reasons […]

Retail Asia26/08/2021
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Expat packages have taken a hit as a result of lower cost of benefits and a dip in salaries. The average pay package for a mid-level expatriate in Singapore fell by $7,284 a year, and now stands at $225,171 annually – the 17th highest in the world, ECA International said. However, cash salaries in the republic stand […]

Retail Asia20/08/2021
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China’s top parliament is in the last of its four-day meeting on draft bills with some broad indications unveiled about Hong Kong’s anti-sanctions law, including a rough timeline and government entities to be involved. China’s National People’s Congress (NPC) Standing Committee is expected to formally approve the anti-sanctions law today, marking an end to its four-day closed-door […]

Retail Asia09/08/2021
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The world’s largest crypto exchange Binance said it would no longer allow new users to open futures accounts in Hong Kong, following warnings issued by the city’s regulators. Existing users will have a 90-day period to close their positions, Binance said, and no new positions thereafter can be opened. As the market leader, Binance constantly […]

Retail Asia05/08/2021
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The city-state’s unicorn businesses take an average of 6 years and 11 months to reach the valuation of $1 billion. Singapore is the joint fourth best country in the world for unicorn start-ups, according to a recent study by credit broker Money.co.uk, with six businesses currently valued at over $1 billion. The top country for unicorns is China, with 155 such companies, […]

Retail Asia03/08/2021
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Carousell Hong Kong has appointed Hong Kong digital industry veteran Kevin Huang (pictured) as managing director. Huang, who was last CEO of Birdie for about two years, will now oversee the development of overall business strategy, managing the daily operations, marketing, branding and community engagement for Carousell Hong Kong and will report to Bryan Teo, chief […]

Retail Asia02/08/2021
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Asia-focused British lender HSBC beat analyst forecast, more than doubling profits in the first half after a significant reduction in credit loss provisions. HSBC posted $8.4 billion of profit after tax, according to its first-half interim report, a 170% increase compared to $3.1 billion in the same period last year. The expected release of credit loss provisions […]

Retail Asia14/07/2021
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7-Eleven has officially opened its 1000th store in Hong Kong – a milestone moment for both the brand and its customers. 7-Eleven launched its very first store in Happy Valley back in 1981 and, 40 years later, has opened its 1000th store on Des Voeux Road in Central. An integral part of the community and a […]

Retail Asia06/07/2021
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Hong Kong noodle chain TamJai SamGor Mixian is expanding its presence in its home market with a flagship concept launch in the nightlife hub of Lan Kwai Fong this week. The TamJai SamGor store will also unveil the brand’s new international image, featuring its signature red and black colors together with Hong Kong-style neon light […]

Retail Asia02/07/2021
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A staffing error reportedly bypassed internal controls at Deutsche Bank which led to the expiration of its Hong Kong license to sponsor initial public offerings, marking a setback to the relaunch of its Asia equities business. Deutsche Bank failed to replace to regulated staff on time which will cause its IPO sponsor license to lapse […]


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