Retail News CRM

Tag: Hong Kong

  • Hong Kong and Cambodia Unite to Crush Spam Communications: A Victory for Cross-Border Collaboration

    Hong Kong and Cambodia Unite to Crush Spam Communications: A Victory for Cross-Border Collaboration

    The Hong Kong Office of the Communications Authority (OFCA) and the Telecommunication Regulator of Cambodia (TRC) have agreed to a memorandum of understanding (MoU) aimed at bolstering their collaborative efforts in the fight against scam calls, scam messages, and other forms of spam communication.

    Strengthening Regulatory Cooperation

    The MoU was signed on January 26th during a bilateral meeting between Mr. Chaucer Leung, the Director-General of Communications for Hong Kong, and Mr. Chenda Thong, the Chairman of Cambodia’s TRC. This agreement sets out a comprehensive framework that will facilitate closer cooperation and a more streamlined exchange of information between the two regulatory bodies.

    The outlined areas of focus include regulatory practices, public awareness campaigns, and the development of technological practices specifically designed to mitigate the impact of scam and spam communications, such as voice calls and SMS messages.

    Shared Commitment to Tackling Scam and Spam Communications

    Commenting on the significance of the MoU, Mr. Chaucer Leung noted its importance in facilitating the sharing of expertise and experiences in battling scam and spam communications. He elaborated that it would also encourage the timely sharing of insights regarding emerging market trends and developments, allowing both regulators to identify and effectively tackle evolving scams and spam threats in Hong Kong and Cambodia. The MoU, according to Mr. Leung, is a clear demonstration of their joint commitment to devising and improving measures to effectively handle scam and spam communications.

    Measures in Place in Hong Kong

    In Hong Kong, the OFCA has been collaborating closely with telecommunications service providers and government departments to maintain the integrity of its communications network. These efforts have seen the implementation of key measures such as requiring operators to block suspected fraudulent phone numbers and websites, barring suspicious inbound calls that attempt to spoof the +852 Hong Kong prefix, the introduction of the SMS Sender Registration Scheme, and the enforcement of the Real-Name Registration Program for SIM cards.

    Questions & Answers

    What is the main focus of the MoU signed between the Hong Kong OFCA and the Cambodian TRC?
    The MoU provides a framework for cooperation and information sharing between the two regulators, aimed at combating scam and spam communications. This includes voice calls and SMS messages.

    Who signed the MoU on behalf of the two countries?
    The MoU was signed by Mr. Chaucer Leung, the Director-General of Communications for Hong Kong, and Mr. Chenda Thong, the Chairman of Cambodia’s Telecommunication Regulator.

    What measures have been implemented in Hong Kong to tackle scam and spam communications?
    In Hong Kong, various measures have been put in place. These include requiring operators to block suspected fraudulent phone numbers and websites, barring suspicious inbound calls spoofing the +852 Hong Kong prefix, implementing the SMS Sender Registration Scheme, and enforcing the Real-Name Registration Program for SIM cards.

  • Kodak Apparel Captures Hong Kong Market with First Pop-Up Store, Celebrating Legacy with Film-Inspired Fashion

    Kodak Apparel Captures Hong Kong Market with First Pop-Up Store, Celebrating Legacy with Film-Inspired Fashion

    Kodak Apparel, a fashion brand licensed by Eastman Kodak and based in South Korea, has expanded its retail presence with the launch of a pop-up store in Kai Tak’s Airside, Hong Kong. This event marks the brand’s first physical entry into the Hong Kong market.

    Product Offerings

    The pop-up store features an array of Kodak Apparel’s licensed merchandise. The range includes various apparel and accessory items such as jackets, t-shirts, knit caps, backpacks, and socks. The products prominently display Kodak’s heritage, using film-inspired branding and the company’s distinctive red-and-yellow colour scheme.

    Unique Store Features

    In addition to its product offerings, the Hong Kong pop-up store pays homage to Kodak’s deep-rooted history in photography. This is evident in the themed photo booth installations found within the store. Additionally, an exclusive t-shirt, bearing the words “Kodak Hong Kong” accompanied by the slogan “You press the button, we do the rest” is on offer to customers.

    Brand Expansion

    Since its inception in South Korea in 2020, Kodak Apparel has experienced a rapid surge in growth within its home market. It operates over 100 brick-and-mortar stores, including concession stands in major department stores. The brand’s expansion into Hong Kong follows earlier forays into the Japanese and Taiwanese markets. These developments align with Kodak Apparel’s wider strategy of strengthening its fashion footprint across various Asian markets.

    Questions & Answers

    When was Kodak Apparel Launched?
    Kodak Apparel was launched in South Korea in the year 2020.

    What kind of merchandise does Kodak Apparel offer?
    Kodak Apparel offers a range of apparel and accessories, which includes jackets, t-shirts, knit caps, backpacks, and socks.

    What is the significance of the pop-up store in Hong Kong?
    The pop-up store in Hong Kong marks Kodak Apparel’s first physical retail presence in the Hong Kong market.

  • Yamamoto Hamburg: Japanese Hamburger Chain Set To Debut In Hong Kong This Month

    Yamamoto Hamburg: Japanese Hamburger Chain Set To Debut In Hong Kong This Month

    Yamamoto Hamburg, a Japanese company renowned for its handmade hamburger patties, is set to establish a new outlet in Hong Kong next month. The location of this new establishment will be PopCorn in Tseung Kwan O, marking Yamamoto Hamburg’s first venture in the Hong Kong market.

    Brand’s Second International Expansion

    This move constitutes the brand’s second foray outside its homeland Japan, with the first expansion taking place in Taiwan. The Hong Kong venture also complements Yamamoto Hamburg’s sister brand, Hikiniku to Come, which made its Hong Kong debut in 2024.

    The Hong Kong flagship location, which spans 1700 square feet, will accommodate over 60 guests. The decor is centered around the brand’s friendly, communal ethos, with natural wood finishes, gentle lighting, and relaxed seating arrangements to facilitate casual, family-friendly dining.

    A Culinary Legacy Spanning Two Decades

    Yamamoto Hamburg was established in 2005 by Shohei Yamamoto. The brand primarily deals in handmade hamburger patties, crafted from Australian Black Angus beef and Spanish pork, establishing it as a relaxed, family-focused dining option.

    Yamamoto expressed his delight at the expansion, stating, “Since our inception in Tokyo twenty years ago, my aim has been to spread the pleasure of Japanese handmade hamburg – prepared with safe, reliable ingredients imbued with the warmth of home cooking – to the world. I am therefore thrilled to bring my first hamburger brand, Yamamoto Hamburg, to Hong Kong.”

    Yamamoto Hamburg aims to provide an authentic daily feast revolving around family and the comforting essence of Japanese dining, as Yamamoto recalled the meals his mother used to prepare.

    Questions & Answers

    When was Yamamoto Hamburg established?
    Yamamoto Hamburg was founded in 2005 by Shohei Yamamoto.

    What does Yamamoto Hamburg specialize in?
    Yamamoto Hamburg specializes in handmade hamburger patties using Australian Black Angus beef and Spanish pork.

    Where is the brand’s new outlet to be located in Hong Kong?
    The new outlet of Yamamoto Hamburg is slated to open in PopCorn, Tseung Kwan O.

  • Fortnum & Mason Bids Adieu to Hong Kong Physical Store: Online and Airport Presence to Persist

    Fortnum & Mason Bids Adieu to Hong Kong Physical Store: Online and Airport Presence to Persist

    British high-end grocery retailer Fortnum & Mason has announced the closure of its primary store and accompanying restaurant located at K11 Musea. The closure, scheduled for January 25, concludes the company’s independent operations in the city, following a six-year presence.

    The announcement, which was made through the company’s official social media channels, was met with a range of responses from devoted shoppers.

    In its official statement, Fortnum & Mason expressed deep gratitude to its customers for their unwavering support throughout the years. The company confirmed that the decision to close its K11 Musea store and restaurant was a strategic move, rather than a final farewell.

    The company further reassured customers that their iconic products would remain accessible in the city. Patrons can still purchase Fortnum & Mason’s offerings through Lane Crawford, via the Hong Kong International Airport outlet, and on their online store.

    With origins tracing back to 1707, Fortnum & Mason has long been celebrated for its premium food products, signature teas, and regal gift hampers. The brand has remained a cornerstone of British culinary and cultural traditions for over three centuries.

    The expansive 7,000 square feet K11 Musea store was Fortnum & Mason’s first foray into standalone stores beyond the United Kingdom’s borders. In addition to Hong Kong, the brand’s products can also be found in South Korea and Japan.

    Questions & Answers

    When will Fortnum & Mason’s store and restaurant at K11 Musea close?
    The closure is scheduled for January 25.

    Despite the closure, how can customers in Hong Kong still access Fortnum & Mason’s products?
    Customers can continue to purchase products through Lane Crawford, the Hong Kong International Airport outlet, and the Fortnum & Mason online store.

    Are Fortnum & Mason’s products available in any other markets in Asia?
    Yes, in addition to Hong Kong, Fortnum & Mason’s offerings can also be found in South Korea and Japan.

  • Prada Unveils Asia-Pacific’s Largest Store at Landmark Hong Kong: A New Era of Luxury Retail

    Prada Unveils Asia-Pacific’s Largest Store at Landmark Hong Kong: A New Era of Luxury Retail

    Prada, the iconic Italian fashion house, has inaugurated a new flagship boutique at Landmark Hong Kong. This development comes as a part of the brand’s ongoing mission to refine its tangible presence in the city and within the Landmark retail complex.

    Grand Opening

    Sprawling over an impressive 1300-square-meter expanse, the newly opened store arranged over three levels stands as the brand’s biggest outlet in the Asia-Pacific region. This prime location at the intersection of Des Voeux Road and Ice House Street boasts conspicuous street-facing windows and a striking off-white steel facade.

    The exterior design showcases Prada’s signature triangular motif and is adorned with a sophisticated Porto Bianco stone finish, enhancing the overall aesthetic appeal of the store.

    Inside The Flagship

    The store’s interior carries forward the quintessential Prada design elements that are seen in other boutiques worldwide. A tasteful combination of a black-and-white checkered marble floor, green wall finishes, and black metal detailing lends a luxurious and contemporary vibe to the space.

    The store’s first floor is dedicated to women’s ready-to-wear pieces, while the second floor primarily caters to menswear. A limited selection of women’s items can also be found on this floor. The ground floor offers an exclusive shopping experience with private rooms specifically designed for fine jewellery consultations and personalisation services.

    The Larger Retail Landscape

    Prada’s relocation is indicative of the persistent demand for large-format stores in premium locations among international luxury brands. This is in spite of the shifting tourism dynamics and changes in consumer spending patterns in Hong Kong’s retail market.

    Questions & Answers

    What does the new Prada store’s relocation signify?
    The move signifies the ongoing demand for large retail spaces in prime locations by international luxury brands, despite changes in consumer spending and tourism in Hong Kong.

    What are the distinguishing features of the new Prada store?
    The new store is characterized by its street-facing windows, an off-white steel facade featuring Prada’s triangular motif, and Porto Bianco stone finishes. The interior boasts a black-and-white checkered marble floor, green wall finishes, and black metal detailing.

    What does the layout of the new Prada flagship store look like?
    The 1300-square-meter store is spread over three levels. The first floor is dedicated to women’s ready-to-wear, the second floor primarily houses menswear along with some women’s items, and the ground floor includes private rooms for fine jewellery appointments and personalisation services.

  • HSBC Secures Shareholder Approval for $14 Billion Hang Seng Privatization Deal: Set for Hong Kong Stock Exchange Delisting

    HSBC Secures Shareholder Approval for $14 Billion Hang Seng Privatization Deal: Set for Hong Kong Stock Exchange Delisting

    HSBC, the London-based bank, has successfully secured approval from the shareholders of its subsidiary, Hang Seng, to privatize it. This move signifies HSBC’s intention to acquire the Hong Kong lender, a deal estimated to be worth $14 billion.

    On January 8, during a shareholders’ meeting, HSBC managed to secure about 86% of non-partisan votes in favor of the privatization. This percentage was comfortably above the 75% threshold that was required for the proposal to pass.

    Next Steps

    This development doesn’t mark the end of the process, however. The proposal is now set for a High Court hearing, which is scheduled for January 23. If approved by the court, the scheme is expected to become effective on January 26. Subsequently, Hang Seng’s shares will be delisted from the Hong Kong Stock Exchange on the following day, January 27.

    Georges Elhedery, HSBC CEO, expressed satisfaction at the approval of the proposal. Elhedery also expressed gratitude towards the Hang Seng Bank shareholders for their continued support. He stated that the approval showcases the shareholders’ robust trust in Hang Seng Bank’s franchise and the opportunities that complete ownership within the HSBC Group could present.

    Elhedery also expressed eagerness to move forward with the proposal and to fulfill the remaining conditions. He committed to providing further updates when appropriate.

    Concerns and Reassurances

    There have been concerns raised about HSBC assuming potential loan risks due to the downturn of Hong Kong’s commercial real estate sector. However, Elhedery previously asserted that the decision to privatize Hang Seng aligns strategically with their aim of driving stronger growth.

    Questions & Answers

    What is HSBC’s plan regarding Hang Seng Bank?
    HSBC has obtained approval from the shareholders of Hang Seng Bank to take it private. This will involve buying out the Hong Kong-based subsidiary for an estimated $14 billion.

    What are the next steps for the proposal?
    The proposal will undergo a High Court hearing on January 23 for sanctioning. If successful, the scheme is expected to be effective by January 26, with Hang Seng’s shares to be delisted from the Hong Kong Stock Exchange on January 27.

    What are the concerns related to this proposal?
    Some have expressed concerns about HSBC taking on loan risks linked to the downturn of Hong Kong’s commercial real estate sector. However, HSBC’s CEO maintains that the move aligns strategically with their goal to drive stronger growth.

  • Kingland Debuts Indulgent Dairy-Free Yoghurt in Hong Kong: A Major Move in Asia-Pacific Expansion

    Kingland Debuts Indulgent Dairy-Free Yoghurt in Hong Kong: A Major Move in Asia-Pacific Expansion

    The Kingland Dairy Free Yogurt range has been introduced in Hong Kong by Australian plant-based food manufacturer, King International. This launch signifies a significant milestone in the company’s expansion strategy within the Asia-Pacific region.

    The Kingland Dairy Free Yogurt range, available in two sizes, can now be found in selected upscale and mainstream retail stores, such as Oliver’s The Delicatessen, Market Place, 3hreeSixty and Wellcome.

    The company offers its Greek Style range in 500g tubs with a variety of flavors including Natural, Mango & Peach, and Apple Cinnamon. Additionally, the Fruit Yogurt range comes in 250g single-serve pots featuring Mango & Peach, and Strawberry flavors.

    Eric Hsu, co-founder and managing director of King International, expressed his joy in launching the dairy-free yogurt in Hong Kong. He described Hong Kong as a dynamic city that perfectly blends tradition and modernity. Hsu emphasized that their products are crafted to offer indulgence without sacrificing nutrition, sustainability, or inclusivity for all lifestyles. He expressed confidence that the quality and consideration put into every pot of Kingland yogurt will appeal to consumers in Hong Kong.

    In terms of health claims, King International stated that all products have a minimum 4.5 Health Star Rating, as per the Health Star Rating System of the Australian and New Zealand governments. This rating reinforces the brand’s health-focused positioning and supports consumer trust in the product.

    King International was established in Queensland in 1987 by Eric and Rachel Hsu. Over the years, the company has transitioned from a local tofu producer to a supplier of plant-based foods throughout Australasia and the Asia-Pacific.

    Questions & Answers

    What is the significance of the Kingland Dairy Free Yogurt range launch in Hong Kong?
    The launch is a crucial step in King International’s expansion strategy within the Asia-Pacific region.

    What variety does the Kingland Dairy Free Yogurt range offer?
    The Greek Style range comes in 500g tubs in Natural, Mango & Peach, and Apple Cinnamon flavors, while the Fruit Yogurt range is offered in 250g single-serve pots in Mango & Peach and Strawberry flavors.

    What is King International’s health rating for their products?
    All products by King International carry a minimum 4.5 Health Star Rating as per the Health Star Rating System of the Australian and New Zealand governments, supporting the brand’s health positioning.

  • Hong Kong Retail Sales Enjoy 7-Month Winning Streak with 6.5% Rise in November

    Hong Kong Retail Sales Enjoy 7-Month Winning Streak with 6.5% Rise in November

    Hong Kong’s retail sector has seen a seventh consecutive month of increased sales, with a 6.5% rise in value during November, according to government reports. The retail sales for the month totalled HK$33.7 billion (US$4.33 billion), demonstrating a steady incline when compared to the 6.9% increase recorded in October of the same year.

    Volume and Value

    Notably, the volume of retail sales in November saw a 4.4% increase compared to the same month in the previous year. This was slightly less than the 5.3% growth experienced in October. However, despite the ongoing monthly gains, the total retail sales for the first 11 months of 2025 only experienced a slight 0.4% increase in value when compared to the previous year. Furthermore, the volume of retail sales actually decreased by 0.9% over this period.

    Sustained Economic Growth

    A government spokesperson has expressed optimism towards the ongoing retail recovery, stating, “The gradual improvement in local consumption sentiment amid sustained economic growth, combined with the vibrant growth in inbound visitors, will continue to benefit retail businesses.”

    The number of visitors to Hong Kong in November was reported as 4.19 million, marking a 17.4% increase from the previous year. Mainland China contributed significantly to these figures, accounting for 3.04 million visitors – an 18.9% increase year-on-year.

    Sales across Different Sectors

    Different sectors within the retail industry have seen varied degrees of growth. Sales of high-value items such as jewellery, watches, clocks, and valuable gifts saw a smaller increase of 3.6% in November, compared to the revised 9.4% growth in October. Similarly, the sales of clothing, footwear and related products increased by 2% year-on-year in November, following a slight 0.9% rise in October.

    Questions & Answers

    What is the overall trend of Hong Kong’s retail sales?
    The overall trend shows a steady increase, with November marking the seventh consecutive month of growth.

    Which sectors experienced the most growth?
    High-value items such as jewellery, watches, clocks, and valuable gifts, as well as clothing, footwear, and related products experienced growth.

    What factors contributed to the growth of Hong Kong’s retail sector?
    The government spokesperson attributed the growth to improved local consumption sentiment, sustained economic growth, and an increase in inbound visitors, particularly from mainland China.

  • Dreame Technology Unveils First Flagship Store in Hong Kong: A New Era for Smart Home Appliances

    Dreame Technology Unveils First Flagship Store in Hong Kong: A New Era for Smart Home Appliances

    Dreame Technology, a leading name in smart home appliances, has further solidified its foray into the brick-and-mortar retail sector by opening its inaugural flagship store in Hong Kong.

    Premier Location

    Nestled within Mira Place in the bustling district of Tsim Sha Tsui, the store proudly displays the full array of Dreame’s product portfolio. This includes a wide range of smart home appliances, such as robotic vacuum cleaners, wet-and-dry floor cleaners, cordless vacuum sticks, hair care equipment, and air purifiers.

    Experience-Centric Space

    The flagship store has been thoughtfully curated as an experiential hub, where consumers have the opportunity to physically interact with the products and test them out before making a purchase. While the store prominently features floor-care solutions, it also introduces a variety of personal care and air treatment products to the Hong Kong market for the first time. These include high-speed hair dryers and an innovative all-in-one air purifier.

    Commitment to Premium Retail Experiences

    Before establishing its physical presence, Dreame initially made its way into the Hong Kong market via online platforms and collaborations with third-party retailers. The launch of this flagship store is a clear indication of Dreame’s ongoing commitment to providing premium retail experiences to consumers. It also underscores the company’s dedication to direct consumer engagement and its strategic plans for long-term growth in major urban markets.

    Questions & Answers

    What is the location of Dreame Technology’s new flagship store?
    The new flagship store is located in Mira Place in the Tsim Sha Tsui district of Hong Kong.

    What types of products does the store feature?
    The store showcases a wide range of Dreame’s smart home appliances, including robotic vacuum cleaners, wet-and-dry floor cleaners, cordless vacuum sticks, hair care equipment, and air purifiers. It also introduces several personal care and air treatment products to the Hong Kong market.

    What does the launch of the flagship store signify for Dreame Technology?
    The opening of the flagship store shows Dreame’s commitment to providing premium retail experiences, engaging directly with consumers, and planning for long-term growth in urban markets.

  • Dreame Technology Marks Hong Kong Debut with Groundbreaking Flagship Store: A New Era for Smart Home Appliances

    Dreame Technology Marks Hong Kong Debut with Groundbreaking Flagship Store: A New Era for Smart Home Appliances

    Dreame Technology, the renowned smart home appliance brand, has recently unveiled its premiere flagship store in Hong Kong, thereby amplifying its foothold in the physical retail sector.

    The flagship store is strategically situated at Mira Place in Tsim Sha Tsui, where it proudly displays the full range of Dreame’s offerings. This includes a diverse mix of products such as robot vacuum cleaners, wet-and-dry floor cleaners, cord-free stick vacuums, hair care gadgets, and air purification equipment.

    An Experience-Centric Retail Space

    Designed with a focus on customer experience, Dreame’s flagship store encourages customers to physically try out their products. This hands-on approach not only offers customers an interactive product experience but also provides them with a comprehensive understanding of the product’s functionality.

    Apart from its extensive range of floor-care solutions, the store also introduces a plethora of personal care and air treatment products to the Hong Kong market. These new introductions include high-speed hair dryers and an all-in-one air purifier.

    The Inception of Dreame’s Physical Retail Journey

    Dreame initially made its foray into the Hong Kong market through various online platforms and third-party retailers. However, the launch of the flagship store signifies a firm commitment from Dreame towards delivering premium retail experiences. It also highlights their quest for direct consumer engagement and their pursuit of long-term growth in significant urban markets.

    Questions & Answers

    What is the significance of Dreame’s flagship store in Hong Kong?
    The flagship store signifies Dreame’s commitment towards delivering premium retail experiences and direct consumer engagement. It also highlights their focus on long-term growth in urban markets.

    What products does the Dreame flagship store offer?
    The flagship store offers a diverse range of products including robot vacuum cleaners, wet-and-dry floor cleaners, cord-free stick vacuums, hair care gadgets, and air purification equipment.

    How does Dreame’s flagship store enhance the customer’s shopping experience?
    The flagship store is designed as an experiential space, allowing customers to physically try out products. This hands-on approach provides customers with an interactive product experience and a comprehensive understanding of the product’s functionality.

  • Animate Revives Anime Merch Magic in Hong Kong: New Store Promises Authentic Japanese Shopping Experience

    Animate Revives Anime Merch Magic in Hong Kong: New Store Promises Authentic Japanese Shopping Experience

    Animate, a popular retailer of Japanese anime merchandise, has made a comeback in Hong Kong by inaugurating a new store in Mong Kok. This move comes a few years after it shut down its previous location.

    The retailer initially launched in Mong Kok back in 2012 and managed to operate for nearly eight years before closing its doors in 2020. Alongside the store closure, Animate Cafe, also recognized as Youme Cafe, ceased operations as well.

    The latest Animate outlet is situated on the fourth floor of the TOP (This Is Our Place) shopping mall in Mong Kok. The company disclosed that the decision to operate the store under a direct management model will permit swifter access to new anime merchandise. This includes not only peripherals but also manga and audiovisual products.

    Additionally, the revamped operation model will expediently hasten product launch timelines. It will also offer customers a shopping experience more akin to Animate’s stores in Japan.

    Animate expressed optimism about the new store serving as a communication hub for anime enthusiasts in Hong Kong. The company anticipates it will attract a larger number of both local and international visitors.

    Questions & Answers

    What is the significance of Animate choosing a direct management model for its new store?
    Adopting a direct management model allows Animate to provide faster access to the latest anime merchandise. It also expedites product launch timelines, enhancing the overall shopping experience for customers.

    Where is the new Animate store located?
    The new Animate store is located on the fourth floor of the TOP (This Is Our Place) shopping mall in Mong Kok, Hong Kong.

    What does Animate hope for its new store in Hong Kong?
    Animate has great expectations for its new store to become a communication hub for anime fans in Hong Kong. It also aims to attract a larger number of both local and overseas visitors.

  • China Mobile Hong Kong Set to Phase Out 2G Services in 2026 to Drive Advanced Network Growth

    China Mobile Hong Kong Set to Phase Out 2G Services in 2026 to Drive Advanced Network Growth

    China Mobile Hong Kong Company Limited (CMHK) has publicized its plans to phase out its 2G services by midnight on June 23, 2026. The aim behind this decision is to sharpen its focus on the development of more sophisticated network technologies.

    Decline in 2G Service Demand

    Following a comprehensive analysis of its services, CMHK has chosen to discontinue its 2G services in response to a slump in demand. By November 2025, less than 2.27% of CMHK’s overall mobile customer base was using 2G. This percentage includes those with service plans, prepaid card products, and mobile virtual network operator (MVNO) products.

    Transitioning to Advanced Mobile Services

    In order to facilitate an effortless transition to next-generation mobile services, CMHK has been proactive in reaching out to impacted customers. Since the fourth quarter of 2023, the company has been advising these customers to upgrade their SIM cards and, where necessary, their mobile phones or devices.

    Commitment to High-Quality Communication Services

    CMHK remains committed to delivering superior quality communication services to both domestic residents and business customers in Hong Kong. The company’s focus is on developing future-ready network technologies.

    Questions & Answers

    Why is CMHK discontinuing its 2G services?
    CMHK is discontinuing its 2G services due to a significant decrease in demand. The company aims to concentrate more on developing advanced network technologies.

    Who will be affected by this discontinuation?
    Less than 2.27% of CMHK’s total mobile customer base, which comprises service plan holders, prepaid card users, and mobile virtual network operator product users, will be impacted.

    What is CMHK doing to ensure a smooth transition for customers?
    CMHK has been in contact with affected customers since the fourth quarter of 2023, advising them to upgrade their SIM cards and, if required, their mobile phones or devices.

  • Bandai Namco Unveils First Gundam Base Flagship in Hong Kong: A Mecca for Gundam Enthusiasts & Collectors

    Bandai Namco Unveils First Gundam Base Flagship in Hong Kong: A Mecca for Gundam Enthusiasts & Collectors

    Bandai Namco Asia has announced the opening of Hong Kong’s inaugural The Gundam Base flagship store. The store, which will be located in Kai Tak’s Twins Tower II in Kowloon, will span an impressive 4,500 square feet.

    The Gundam Base: An Interactive Experience

    The Gundam Base flagship is set to provide a comprehensive shopping and brand experience. The store will feature an array of Gundam model kits, themed exhibitions, interactive building zones, and exclusive merchandise.

    As visitors approach the store, they will be welcomed by a one-to-two scale giant bust statue of the main character’s mobile suit from Mobile Fighter G Gundam. This impressive display from the storefront sets the tone for the immersive experience inside.

    Once inside, customers will have the opportunity to explore various displays featuring protagonist suits from the Mobile Suit Gundam series. These installations will allow visitors to trace the evolution of the franchise’s design and engineering.

    Exclusive Merchandise and Collectibles

    With a strong emphasis on The Gundam Base exclusives, the store will offer over 100 Gundam models and themed collectibles. Fans can look forward to limited-edition releases such as three models from the Pop-up World Tour range. These special items include the RG 1/144 RX-78-2 Gundam Ver.2.0 (The Gundam Base limited colour), the MG 1/100 Wing Gundam Zero EW Ver.Ka (recycled colour/neon pink), and the MG 1/100 Gundam Astray Red Frame (recycled colour/neon pink).

    In addition to model kits, the store will also offer a range of Gundam-themed merchandise. The assortment will include card games, premium figures, apparel, and plush toys, catering to the diverse interests of Gundam enthusiasts.

    A Replica of Bandai’s Production Environment

    Further enhancing the unique shopping experience, the store will feature a dedicated Gundam Factory Zone. This zone is designed to mimic Bandai’s production environment, complete with materials that simulate real assembly lines.

    Engaging Workshops for All

    The store will also feature an event space that will host regular model-building workshops. These workshops, led by skilled instructors, aim to cater to both beginners and experienced builders.

    Questions & Answers

    What is the flagship store going to offer?
    The flagship store will offer an immersive shopping and brand experience including Gundam model kits, themed exhibitions, interactive building zones and exclusive merchandise.

    What types of merchandise can visitors expect at the store?
    Visitors can expect over 100 Gundam models and themed collectibles, with an emphasis on The Gundam Base exclusives. Limited-edition items, Gundam card games, premium figures, apparel, and plush toys will also be available.

    What activities will the store host?
    The store will host regular model-building workshops for both beginners and experienced builders. These workshops will be led by experienced instructors.

  • Hong Kong Housing Market Set for 5% Uplift in 2026: Mainland Demand and Interest Rate Cuts Lead the Charge

    Hong Kong Housing Market Set for 5% Uplift in 2026: Mainland Demand and Interest Rate Cuts Lead the Charge

    Analysts predict a 5% rise in Hong Kong residential property prices in 2026, spurred by demand from buyers from mainland China, potential interest rate cuts, and a decrease in unsold new apartments. Joseph Tsang Hon-ping, the chairman of JLL in Hong Kong, expresses cautious optimism for housing prices in 2026, believing they’ve reached their lowest point.

    Market Recovery Predictions

    According to Tsang, there’s an expectation of a 5% rise in capital values, while the value of luxury residences is anticipated to remain generally unchanged. However, luxury rents could experience an increase of up to 5%. This pattern could provide a significant lift to a market that has been in decline since the latter part of 2021.

    Cushman & Wakefield also suggests that recent adjustments in taxes and a bounce-back in the Hong Kong stock market could contribute to the stabilization of the city’s residential property sector. Additionally, these elements could help to normalize elevated inventory levels held by developers by the end of the upcoming year.

    Current Market Conditions

    Government data reveals a significant drop of 28.4% in lived-in home prices in March, compared to their peak in September 2021. However, home sales have shown promising growth, with an increase of more than 20% year on year as reported in November. This surge in sales has resulted in a decrease in unsold inventory.

    By the end of the year, the projection is for the unsold stock to be equivalent to over 51 months of supply. This aligns with the average level between the years 2015 and 2021. JLL also anticipates private housing supply to normalize by the end of 2026, requiring nearly 45 months to absorb current stock.

    Mainland Buyers and Luxury Housing

    For new property launches, about 30% of buyers hail from mainland China. This figure rises to over 60% for projects in specific areas like Kai Tak and Kowloon Station. In the luxury housing market, which includes units priced at or above HKD100 million (US$12.85 million), mainland Chinese buyers account for more than 90% of purchases.

    Some luxury properties, such as a duplex apartment at The Legacy, have achieved exceptionally high selling prices. This apartment reportedly set a new city record, selling for HKD880 million.

    Market Recovery Signs

    There have been signs of improvement in Hong Kong’s residential property market sentiment in recent months, following a roughly 30% price drop from their 2021 peak. Interest rate cuts have aided in stabilizing financing conditions, marking the start of a recovery.

    Cushman predicts the number of mainland buyers in Hong Kong to continue rising, as rental prices have reached historic highs. However, Edgar Lai, a senior director at Cushman, believes the share of mainland buyers will not surpass that of local buyers due to capital controls making it challenging to transfer large sums of capital into Hong Kong.

    Questions & Answers

    What is the predicted increase in Hong Kong home prices in 2026?
    Analysts anticipate a 5% rise in residential property prices in Hong Kong in 2026.

    What factors are expected to drive this growth?
    The projected growth is expected to come from demand from mainland Chinese buyers, anticipated interest rate cuts, and a reduction in unsold new apartments.

    What is the current state of Hong Kong’s residential property market?
    Hong Kong’s residential property market has begun to show signs of recovery following a 30% drop in prices from their peak in 2021. The market is showing the first signs of stabilization, supported by interest rate cuts.

  • Mr Cheesecake Breaks Ground in Hong Kong: Unveils Petite Series and Seasonal Flavors in First International Store

    Mr Cheesecake Breaks Ground in Hong Kong: Unveils Petite Series and Seasonal Flavors in First International Store

    Mr Cheesecake, a renowned Japanese dessert brand, has established its first ever permanent outlet beyond the domestic Japanese market. The new store is situated in Hysan Place, Causeway Bay, marking the brand’s international debut.

    Expansion in Hong Kong

    Prior to the launch of this permanent store, Mr Cheesecake had a strong presence in Hong Kong via a succession of pop-up stores. These temporary installations were spread across multiple locations, such as K11 Musea, Pacific Place, and IFC Mall.

    Product Innovations

    Coinciding with the Hong Kong store launch, Mr Cheesecake is broadening its product portfolio with a novel addition – the Mr Cheesecake Petit Series. This innovative product is a cup-shaped cheesecake designed to cater to daily dessert needs.

    In addition to the new product, the store is reintroducing the popular Praline Pistachio flavour for the festive season. However, this particular item will only be available for a limited period leading up to Christmas.

    Mirroring Japanese Retail Model

    Mr Cheesecake’s operator in Hong Kong, Yaichi, has stated that the Hysan Place store will replicate the Japanese retail model. This means customers can anticipate a dynamic offering of signature items, along with new releases that correspond with product improvements in the Japanese market.

    Notably, Yaichi is not new to introducing Japanese brands to the Hong Kong market. Earlier in July, it facilitated the entry of the Japanese household goods retailer 3Coins into Hong Kong.

    Questions & Answers

    What is the significance of Mr Cheesecake’s new store in Hysan Place?
    The new store at Hysan Place, Causeway Bay, is the first permanent international location for the Japanese dessert brand, Mr Cheesecake.

    What new products are being launched at the Hong Kong store?
    The store is launching the Mr Cheesecake Petit Series, a cup-shaped cheesecake for daily consumption. Additionally, the seasonal Praline Pistachio flavour is being reintroduced for a limited period.

    What strategy will the new Mr Cheesecake store follow in Hong Kong?
    The Mr Cheesecake store in Hong Kong, operated by Yaichi, will follow the Japan retail model. This includes keeping a rotating lineup of signature items and new releases in line with product developments in Japan.