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HK's slice of mainland mooncake market grows

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Celine Sun

'Made in Hong Kong' baby food and formula are not the only products craved by mainlanders. The city's bakers of mooncakes are grabbing a bigger slice of the 14 billion yuan (HK$16.2 billion) market for the mid-autumn delicacy across the border.

Maxim's says it expects a double-digit rise in sales at its 50 shops and more than 1,000 retail outlets on the mainland this year. To boost sales, the company has even established an online shop on the country's biggest shopping portal, Taobao.

Another baker, Wing Wah, has also seen demand from the other side of the border jump 20 per cent.

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Poor food safety standards on the mainland means added cachet for the 'Made in Hong Kong' label, allowing Maxim's and Wing Wah to sell their mooncakes at higher prices than in Hong Kong.

According to the China General Chamber of Commerce, the country is expected to make 250,000 tonnes of mooncakes, bringing in revenue of 14 billion yuan this autumn.

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Aside from directly run shops in the Pearl River Delta, Maxim's, Wing Wah and Tai Pan, another Hong Kong cake maker, have expanded their networks to other parts of the nation, opening counters in big cities such as Beijing, Shanghai, Shenyang, Dalian and Chengdu.

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