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Tag: hong kong

Retail Asia27/04/2017
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General

Jokowi Strengthen Economic Ties with Hong Kong

2min0
President Joko Widodo, also known as Jokowi, has planned to strengthen bilateral cooperation between Indonesia and Hong Kong during a working visit to Hong Kong scheduled on April 30, 2017, after attending the ASEAN Summit in the Philippines on April 28 and 29, 2017. “We want to encourage Hong Kong business owners to invest in […]
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Retail Asia26/04/2017
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Fashion

Luk Fook sales recover from three-year slide

2min0
After 12 consecutive quarters of decline, jeweller Luk Fook has recorded a 2 per cent turnaround for its fourth quarter, ended March 31. The retailer says that with a relatively low base and encouraging improvement in the Hong Kong/Macau market, same-store sales growth moved back into the black for its self-run outlets. In addition, Luk […]
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Retail Asia25/04/2017
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Fashion

Chow Tai Fook sales recovering in Hong Kong, Macau

2min0
Same store Chow Tai Fook sales in Hong Kong and Macau “continued to show a sequential improvement” during the first quarter of the year. The trend reverses 12 consecutive quarters of decline by the Hong Kong-listed jeweller, the first increase since last last three months of 2014. Chow Tai Fook says Mainland China same-store sales […]
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Retail Asia21/04/2017
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Telecom

Hong Kong’s IoT ecosystem taking shape

3min0
The explosion of internet of things (IoT) has led to the growing need for connecting devices like sensors and actuators. As many IoT devices require relatively low speed and small amounts of data transmission, low power wide area networking (LPWAN) technologies have come onto the scene. Like many other countries, LPWAN technologies are getting lots […]
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Retail Asia21/04/2017
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Fashion

Luk Fook Sees Improved Jewelry Sales

2min
Hong Kong-based jeweler Luk Fook Holdings recorded its first quarterly growth for same-store sales in three years, driven by its gem-set jewelry offering and an improvement in Hong Kong. The company reported a 2% rise in overall same-store sales across its 199 self-operated stores during the fiscal fourth quarter, which ended March 31. An 11% […]
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Retail Asia14/04/2017
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E-Tailing

WeChat Pay launches new service in Hong Kong

3min
WeChat Pay, one of the Chinese mainland biggest mobile payment platforms, has boosted its cross-border business by launching a new service in Hong Kong. In a move that is expected to promote businesses of local merchants, it opened a channel for membership card applications when customers pay through WeChat. After paying for their goods through […]
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Retail Asia14/04/2017
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General

Centric Software Opens New Office in Hong Kong

5min
Centric Software announces the opening of a new office in Hong Kong, bringing its innovative Product Lifecycle Management (PLM) solutions to local retailers, brands and manufacturers. Centric Software is the leading PLM solution for fashion, retail, footwear, luxury, outdoor and consumer goods companies. The opening of the Hong Kong office confirms Centric Software’s explosive growth […]
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Retail Asia13/04/2017
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General

HLIB Research retains Sell on Pharmaniaga

4min0
Hong Leong Investment Bank (HLIB) Research is maintaining its Sell rating on Pharmaniaga and target price  of RM4.29, based on FY18 price-to-earnings multiples of 15.6 times , which is in line  with the international peers. It said on Thursday that despite Pharmaniaga’s monopoly in the government concession business, “we expect near term headwinds driven by […]
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Retail Asia12/04/2017
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Fashion

CDF-Lagardere, Shilla win Hong Kong Airport concessions

4min0
Key Hong Kong airport concessions for cosmetics, fashion accessories and liquor & tobacco have been awarded at Hong Kong International Airport. The Airport Authority of Hong Kong has awarded the liquor & tobacco concession to China Duty Free – Lagardere Company and the perfume & cosmetics and fashion accessories concession to Shilla Travel Retail Hong […]
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Retail Asia11/04/2017
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Telecom

3 Hong Kong upgrading network to prepare for 5G

2min0
Hutchison Telecommunications Hong Kong Holding’s mobile division 3 Hong Kong has teamed up with Huawei to upgrade its mobile network in preparation for the 5G era. The operator is adopting five component carrier aggregation (5CC CA) using its extensive spectrum holdings across the 1800-MHz, 2100-MHz, 2300-MHz and 2600-MHz bands with both FDD and TDD technology. […]
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Retail Asia11/04/2017
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Fashion

L Catterton Asia launches beachwear platform

3min0
Australian swimwear brand Seafolly and Colombian beachwear brand Maaji are the first signings for a global lifestyle platform launched by L Catterton Asia. Based in Singapore, L Catterton Asia is an arm of private equity firm L Catterton, formed last year through a partnership between Catterton, LVMH and Groupe Arnault. It will be the controlling […]
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Retail Asia11/04/2017
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Fashion

Pink Star diamond sells for record $553 million

3min0
Hong Kong jewellery company Chow Tai Fook ­has paid a record HK$553 million (US$71.2 million), including fees, for the illustrious Pink Star diamond. This makes the diamond the most expensive ­precious stone sold at auction. The sale relieves auction house Sotheby’s of unwanted inventory it was forced to take on three years ago. Measuring 2.69cm […]
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Retail Asia10/04/2017
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Fashion

Study Reveals Hong Kong Shoppers Are Just Having a Fling with Fast-Fashion Retailers

13min0
Global loyalty marketing agency ICLP surveyed 750 consumers in Hong Kong and asked them the brand that comes to their mind first of the retailers that they shop regularly. The survey reveals a correlation between characteristics of sectors and brand relationships, and found that the two “most named” retail sectors are supermarkets and fast-fashion retailers. The […]
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Retail Asia10/04/2017
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Telecom

PCCW Global, Keppel launch ICX in HK

2min0
Hong Kong based PCCW Global has teamed up with Keppel Data Centres to launch a joint international carrier exchange (ICX) in Hong Kong. The PCCW Global-Keppel International Carrier Exchange has more than 7,800 square feet of dedicated network facility management space. It is located in the same building as the Hong Kong point of presence […]
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Retail Asia06/04/2017
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General

New Anchor Travel Retail Concessions Set to Elevate Overall Airport Experience

5min0
Airport Authority Hong Kong (AA) has awarded the “Liquor & Tobacco” concession to CDF – Lagardère Company Limited (CDF – Lagardère), and the “Perfume & Cosmetics and Fashion Accessories” concession to Shilla Travel Retail Hong Kong Limited (Shilla) at Hong Kong International Airport (HKIA), which would open for business from November 2017. The award is […]
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Retail Asia06/04/2017
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Telecom

Avaya taps COL as Hong Kong distribution partner

2min0
Business communications and ICT solutions provider Avaya has appointed COL Limited as its distribution partner for the Hong Kong market. Under the agreement, the two companies will collaborate to drive adoption of Avaya solutions in the market and helping Hong Kong organizations achieve their digital transformation ambitions. COL, a subsidiary of fixed line operator Wharf […]
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Retail Asia05/04/2017
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Logistics

Another first for Hactl’s pharma handling

3min0
Hong Kong Air Cargo Terminals Limited (Hactl) has been confirmed as complying with all the requirements of IATA CEIV Pharma. Hactl is the first handler in Hong Kong to obtain the certification. Hactl’s certification is the result of an initiative sponsored by Hong Kong Airport Authority, in which all relevant industry players at the airport […]
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