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Retailing

Retailing
Latest news and features on retailing with a particular focus on Hong Kong, mainland China and Asia, covering consumer goods and services, retail strategies, shopping habits, sales results and trends.
Chinese e-commerce giants Shein and Temu have already raised their prices in response to the elimination of the de minimis exemption. Photo: Reuters
Hong Kong economy

Explainer | What Hongkongers should expect with official end of ‘de minimis’ exemption by US

The Post unpacks consequences of end of rule that allowed products valued at US$800 or below to be shipped to United States duty-free.

E-commerce

Alibaba launches Taobao fast-delivery service ahead of schedule

Hong Kong economy

Hong Kong economy grows by stronger-than-expected 3.1% in first quarter

Video gaming

Xbox joins PlayStation in raising console prices amid US tariffs

Hefty levies imposed by Trump on manufacturing hubs such as Japan, China and Vietnam have led to a surge in console prices.

Visitors play games on Xbox consoles during a video game fair in Paris. Photo: AFP
Banking & finance

Chinese toymaker Pop Mart launches new pop culture magazine called Playground

Pop Mart’s new magazine, Playground, explores social connections and seeks to unlock opportunities for its intellectual properties.

Hong Kong property

Hong Kong’s Tsim Sha Tsui is the world’s most expensive luxury shopping district

Prime retail rent in TST, as the area is called, was £17,132 (US$22,976) per square metre per annum in the fourth quarter, according to Savills’ report.

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Hong Kong

Dickson Poon offers to privatise luxury retail group in US$141 million deal

Offer is 51 per cent higher than its pre-suspension market price and above the stock’s price at any point over the past 10 years.

Dickson Concepts decided to close its 60,000 sq ft outlet in Central in 2023 after almost two decades. Photo: Handout
China GDP

Shenzhen lags China in GDP, exports as tech hub preps for tariff wave

The southern metropolis failed to beat the national average, even as exporters locked in early orders to get ahead of US tariffs.

Hong Kong economy

Editorial | ‘Sackings’ cloud push for imported labour in Hong Kong

Reports of Hong Kong catering workers being fired to make way for foreign staff need to be investigated and acted on.

E-commerce

Labubu mania takes China’s Pop Mart to top of US App Store charts

Before the recent surge in interest in Chinese e-commerce platforms, Pop Mart’s business was already booming.

Labubu figurines displayed at a Pop Mart store. Photo: Shutterstock
Hong Kong politics

Opinion | Amid Hong Kong’s focus on tourist numbers, have we forgotten our workers?

Marches for workers’ rights may be a thing of the past but serious issues remain, from imported labour to sexual harassment and construction safety.

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Workers at a construction site in Mong Kok on September 17, 2024. The Observatory recorded a temperature of 35.5 degrees in the afternoon, the hottest ever for mid-autumn. Photo: Jelly Tse
Hong Kong property

Hong Kong retail rents have further to fall amid spending dip

Leasing activity is strong as operators seize on bargain rents to upgrade, but shopping trends worry landlords, suppress investment.

IPO

Chinese restaurant chain makes its fifth attempt to list in Hong Kong

The Hangzhou-based budget-dining chain has yet to reveal the amount it plans to raise from the stock offering.

Banking & finance

Pop Mart prices Labubu 3.0 collection at 99 yuan each

Company raises prices in US and moves more production to Vietnam to combat margin pressure amid tariff uncertainty.

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Pop Mart is introducing Labubu 3.0, a colourful set of seven figurines from the Norse mythology-inspired “The Monsters” series, globally on Thursday. Photo: Handout
Hong Kong property

Hong Kong retail slump claims another victim as dessert shop deserts

After You Dessert Cafe to close its two shops as retail sector downturn puts further pressure on the weak retail property market.

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People queue up at the After You Dessert Cafe at Airside in Kai Tak on April 23, 2025. Photo: Eugene Lee
Luxury Hotels

Portrait Milano, the ideal window onto the Italian city’s hidden beauty

The top-end property is part of the Lungarno Collection, a hospitality portfolio owned by the Ferragamo family, with sister properties in Florence and Rome.

China's economic recovery

How showpiece sports events offer China big rewards in hard times

The game is on as local authorities across country try to capitalise on interest in all things sport – an area in which consumers are willing to splash extra cash.

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China trade

French flock to Chinese e-commerce bargains, hunt for ‘agent Taobao’ to deliver

Amid US-China trade war, TikTok accounts show users how to purchase cheap goods directly from Chinese factories to avoid pricing mark-ups and tariffs.

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An illustration pictured on April 16, 2025 shows the logo of Chinese shopping app Taobao. Photo: AFP
Fintech

Digital wallets are finally taking hold in Hong Kong, report shows

A survey found that 42 per cent of Hongkongers use Alipay and 22 per cent use Apple Pay, but credit cards are likely to remain relevant.

Greater Bay Area

Macau’s most opulent lodging, The 13 Hotel and Casino, up for sale again

The 22-storey luxury property in Macau’s Coloane district was estimated last year to be worth US$309 million.

Hong Kong economy

Mainland tourists eye US goods in Hong Kong amid trade war, but few buy: retailers

Retail businesses in the city report slow sales during the Easter holiday as Hongkongers opt to travel.

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Harbour City shopping centre in Tsim Sha Tsui during Easter. Many Hongkongers have opted to leave the city during the long weekend. Photo: Dickson Lee
Banking & finance

Louis Vuitton, Gucci owners face tough times in China amid trade war, property slump

Chinese consumers’ spending on luxury goods has been affected by falling property prices and uncertainties over the trade war, analyst says.

A man walks past a luxury store in Beijing’s financial district. Photo: AFP
Hong Kong property

Exclusive | Hong Kong pharmacy to become latest tenant on Russell Street amid rent slump

Annual rent in Causeway Bay shopping district has declined 46 per cent on average between 2018 and 2024, according to Cushman & Wakefield.

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Hong Kong property

Firm tied to Philippines brand Oishi buys 2 Hong Kong shops

Snack maker adds to property holdings in city as some analysts predict improvements in retail sales.

China property

Swire Properties bullish on mainland China despite tariff war’s pall

Hong Kong developer says it is on the hunt for retail investments in Shenzhen amid the ‘onshoring’ of consumption, CEO says.

People walk through Swire Properties’ Taikoo Li Chengdu. Photo: Swire Properties
Blackpink

Chinese toymaker Pop Mart’s shares jump as global expansion plans take shape

Company plans to set up offices in Greater China, the Americas, Asia-Pacific and Europe, brings in former executive to oversee some markets.

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Pop Mart’s efforts to expand internationally have been turbocharged by the breakthrough success of its original intellectual property, Labubu. Photo: Shutterstock
China GDP

‘Open door red’ to ‘summer blue’: will second quarter slam China’s GDP again?

Recent years have seen China’s economic growth decelerate in the second quarter – a pattern that threatens to continue this summer amid an intensifying trade war.

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United States

Explainer | Cars, clothing, Christmas toys: what US consumers are losing to Trump’s tariffs

Trump’s tariff pause provides temporary relief, but uncertainty may lead to US shortages of cars, toys, and electronics as shipments are halted.

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