Stephen Shiu Jr, chairman of HMV Digital China, apologised to creditors and staff for the retailer’s closure. Photo: Jonathan Wong

Media magnate Stephen Shiu Jr fights back tears as he reveals defunct HMV’s US$38 million losses in Hong Kong

  • ‘HMV could not cope with the challenge of the digital age. It is a shame,’ says emotional tycoon
  • Shiu said there may be a one-to-three day liquidation sale of the vendor’s remaining stock of CDs and DVDs at discount prices
Topic |   HMV Group

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Stephen Shiu Jr, chairman of HMV Digital China, apologised to creditors and staff for the retailer’s closure. Photo: Jonathan Wong
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