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  • July 26, 2014
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  1. Alibaba chiefs quit after probe into sales fraud

    Posted Feb 22nd 2011, 12:00am by Toh Han Shih

    ... Supplier' programme in 2009 and 1,107 who signed up last year engaged in fraud against international buyers. The fake suppliers would typically offer electronic consumer goods at low prices using ... Toh Han Shih Two top officers at mainland internet giant Alibaba.com resigned yesterday to take responsibility for a massive sales fraud conducted through the firm's e-commerce ...

  2. Real-estate firm ordered to repay swindled clients

    Posted Nov 26th 2003, 12:00am by Mark O'Neill

    ... a precedent for punishment in such cases and bringing such fraud within the scope of consumer law,' he said. Shanghai residents say real-estate fraud is commonplace, especially cases involving ... he also found it had already been sold. The two took their case to the Consumer Association of Minhang district, which discovered that Huixin had sold the two properties to other people ...

  3. For consumers, clearance sale soon but higher prices later

    Posted May 24th 2010, 12:00am by Staff Reporter

    ... the others is likely to be passed on to the consumer. Diane Chiu Man, marketing director of the Wellcome supermarket chain, said there were plans for a clearance sale of non-complying products. 'These products are actually safe to consume,' she said. 'It's just that the suppliers were unwilling to change their packaging or add labels for the Hong Kong market.' Chiu ...

  4. Home-grown sportswear a rising consumer trend

    Posted Mar 08th 2010, 12:00am by Celine Sun

    ... is one of the fastest-growing consumer sectors as more and more Chinese like Li choose sports apparel as a fashionable and comfortable casual wear option for daily life. While Nike and Adidas ...

  5. PCD rises 31pc on strong taste for consumer plays

    Posted Dec 16th 2009, 12:00am by Amanda Lee

    ... Meanwhile, market observers expect a further spending spree on the mainland, which will benefit the consumer products sector including companies such as PCD. Consultant Bain & Co expects luxury ... to a pre-listing research released by securities company Sun Hung Kai Financial, department stores, among other businesses in the consumer products sector, are expected to stay competitive because ...

  6. Ocean Grand chief, partners jailed for 'elaborate' HK$180m frauds

    Posted Oct 09th 2010, 12:00am by Austin Chiu

    ... Austin Chiu Former Ocean Grand Holdings chairman Michael Yip Kim-po has been jailed for seven years- the maximum allowed in the District Court- for his part in elaborate fraud schemes involving HK$180 million. Judge Kevin Browne said the term was inadequate and failed to reflect the seriousness of Yip's offences, in which he cheated the listed aluminium and chemicals company ...

  7. Insite to seek expansion as consumer market grows

    Posted Jun 01st 2009, 12:00am by Staff Reporter

    ... the mainland's fast-growing consumer market. The Shanghai-based firm has three shopping centres under management and is close to securing a new project in Shanghai soon, according to chief executive ... times, China is viewed as the world's most robust consumer market,' Mr Sezto said. The nation's retail sales in April jumped an annualised 14.8 per cent to 934.3 billion yuan. ...

  8. 3 found guilty of conspiracy to commit fraud

    Posted Mar 06th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu The District Court yesterday found two incumbent directors and a former director of listed financier Upbest Group guilty of fraud for their roles in assisting Grand Field Group Holdings' former boss to cover up a fake transaction in 2002. District Court Judge Albert Wong Sung-hau ruled that Upbest directors Charles Cheng Kai-ming and George Li Kwok-cheung as well as former ...

  9. Moulin father and son face trial for fraud

    Posted Jan 28th 2010, 12:00am by Naomi Rovnick

    ... Naomi Rovnick The father and son who ran Moulin Global Eyecare, the Hong Kong-based optics empire that collapsed in 2005, owing creditors HK$2.7 billion, will be tried on fraud charges in September. Ma Bo-kee, the rags to riches entrepreneur who started Moulin in a Kowloon workshop, and his son Cary Ma Lit-kin, who aggressively grew the firm into what he claimed was the world's ...

  10. Design firm's ex-bosses face ICAC fraud charges

    Posted Sep 15th 2009, 12:00am by Staff Reporter

    ... Phyllis Tsang Three former senior executives of a Hong Kong-based innovative design company, including an award-winning designer, were charged by the ICAC yesterday with conspiracy to defraud in relation to the company's listing in Singapore and dece ...




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