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  • July 26, 2014
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  1. Business - Companies - EARNINGS

    LVMH sales slow in Hong Kong as Chinese demand drops globally

    Posted Jul 25th 2014, 11:58am by Reuters

    ... because of political unrest, the French fashion, spirits and cosmetics group said after posting below-forecast second-quarter sales and profits. The world's No 1 luxury group said growth in sales from Louis Vuitton, its main cash cow, had dropped in China in the second quarter from the first, while revenue from Chinese tourists declined in major European markets such as France. ...

    http://www.scmp.com/business/companies/article/1558885/lvmh-sales-slow-hong-kong-chinese-demand-drops-around-world
  2. Business - Companies

    AIA sees big boost from new policy sales

    Posted Jul 26th 2014, 01:39am by Enoch Yiu

    ... Kong and second-largest in Asia in terms of market value, posted better-than-expected operating profit growth in the first half, thanks to strong new policy sales. Operating profit after tax ... because the Citibank deal would bring new business and South Korea's telephone sales ban was over. "The key issue is if the strong Hong Kong and China momentum can be maintained," ...

    http://www.scmp.com/business/companies/article/1559386/aia-sees-big-boost-new-policy-sales
  3. Business - China Business - EARNINGS

    Mobile business boosts Baidu sales amid overseas expansion

    Posted Jul 26th 2014, 01:39am by Bien Perez and Sophie Yu

    ... Bien Perez and Sophie Yu Mainland internet search giant pushes expansion into overseas markets after recording 34 per cent increase in income for the second quarter Baidu profit buoyed by mobile business Internet search powerhouse Baidu, which saw a 34 pe ...

    http://www.scmp.com/business/china-business/article/1559381/mobile-business-boosts-baidu-sales-amid-overseas-expansion
  4. Business - Companies - ANALYSIS

    'Halo effect' from iPhone, iPad lifts Mac computer sales in China

    Posted Jul 24th 2014, 01:06am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Popularity of iPhone and iPad in China helps boost sales of Mac laptop and desktop products by 39 per cent despite sluggish computer market Halo effect delivers a China surprise Apple is seeing sharp growth in China for its Mac laptop and desktop products, boosted by the popularity of the iPhone and iPad, even though personal computer sales ...

    http://www.scmp.com/business/companies/article/1557739/halo-effect-iphone-ipad-lifts-mac-computer-sales-china
  5. Property - International - CANADA

    Toronto condo sales surge on rentals demand

    Posted Jul 23rd 2014, 05:20am by Bloomberg

    ... Bloomberg in Toronto Investors snap up Toronto flats as rising prices push more out of the buying market Condominium sales surge on rentals demand Toronto condominium sales jumped in the second quarter, as investors in Canada's biggest city soaked up a wave of supply to feed demand for rentals. Unit sales rose 10 per cent to 6,553 in the three months ended in June from ...

    http://www.scmp.com/property/international/article/1557222/toronto-condo-sales-surge-rentals-demand
  6. Property - Hong Kong & China - HOUSING

    Prices rise amid tight supply of flats as sales decrease

    Posted Jul 22nd 2014, 02:56pm by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Sales down, prices up in tight market for flats Tight housing supply led to a decrease in secondary home sales in Hong Kong last week, but prices continue ... per cent from the 200 sales the previous week. But property prices increased for the eighth consecutive week, rising 0.2 per cent last week, the agency said. The Centa-City Leading Index from ...

    http://www.scmp.com/property/hong-kong-china/article/1557160/prices-rise-amid-tight-supply-flats-sales-decrease
  7. Property - Hong Kong & China - STRATEGY

    Property agencies pin hopes on alliances, internet finance as sales slump

    Posted Jul 22nd 2014, 03:07pm by Langi Chiang

    ... of internet, property and finance." Data from Century 21 showed secondary home sales in Beijing fell 53.5 per cent in the first half of this year from a year earlier to 44,000 units. The National Bureau of Statistics last week said sales revenues for new homes fell 9.2 per cent in the first six months from a year earlier to 2.6 trillion yuan. "All the agencies combined closed about ...

    http://www.scmp.com/property/hong-kong-china/article/1557162/property-agencies-pin-hopes-alliances-internet-finance
  8. Business - China Business - EARNINGS

    Huawei sees solid year after first-half sales grow 19 per cent

    Posted Jul 22nd 2014, 12:29am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Telecoms equipment supplier bullish on outlook after posting 19 per cent rise in first-half revenue Huawei expects strong demand for its products Huawei Technologies, the world's second-biggest telecommunications equipm ...

    http://www.scmp.com/business/china-business/article/1557079/huawei-sees-solid-year-after-first-half-sales-grow-19-cent
  9. Property - Hong Kong & China - HOME SALES

    Many keen to buy flats they can't view, as big crowd at Mont Vert sales office shows

    Posted Jul 20th 2014, 06:06am by Toh Han Shih

    ... development yesterday despite concern in some quarters that the sales tactics of the developer are questionable. Long queues formed at the Fortune Metropolis mall in Hung Hom, where Cheung Kong, controlled by Asia's richest man, Li Ka-shing, is marketing the Tai Po development. By Friday, over 1,200 applications had been received for balloting to buy the 260 Phase 1 flats for sale ...

    http://www.scmp.com/property/hong-kong-china/article/1556676/many-keen-buy-flats-they-cant-view-big-crowd-mont-vert
  10. News - Hong Kong - TECHNOLOGY

    Hong Kong expected to lead the way as smartwatch sales predicted to soar

    Posted Jul 20th 2014, 06:06am by MICHAEL DE WAAL-MONTGOMERY

    ... Michael de Waal-Montgomery michael.dwm@scmp.com Hong Kong expected to lead the way on latest gadget, with global sales predicted to hit US$50b Armed and ready, smartwatches are no comic ... society needs. In Hong Kong, where tech-savvy shoppers have long been early adopters of the latest gadgets, smartwatch sales are expected to soar. Market research firm Counterpoint Technology ...

    http://www.scmp.com/news/hong-kong/article/1556674/hong-kong-expected-lead-way-smartwatch-sales-predicted-soar

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