Hong Kong's highest profile officials and business people paid their respects to Cheng Yu-tung, whose passing marked the first of an aging generation of tycoons whose hold on the city's economy faces growing challenges.
From fast fashion chain H&M to lifestyle brand Maison Kitsune and cosmetics firm Innisfree, mass market retailers are setting up shop in premises previously occupied by luxury brands in Hong Kong's prime shopping dist...
Most global luxury brands in 2016 have a WeChat account, says a new report. While the number has grown considerably since 2014, the industry still has much work to do to reach and engage Chinese consumers.
Mining group Anglo American has retained De Beers as a prize asset after a radical overhaul in the belief that surging Chinese and Indian demand for diamonds will outstrip dwindling supply even after a 2015 crunch.
Tour groups to Hong Kong could shrink by as much as two-thirds in the first half of this year, an industry executive said, dealing another blow to retailers and an economy facing pressure from slowing growth in China.
Chow Tai Fook, China's top jewellery retailer by market value, said on Friday it expects to close 5 to 6 shops in Hong Kong this fiscal year ending March, as the city grapples with a slowdown in tourism.
As Chinese consumers cut back on gold purchases for a second year in a row, nowhere is the slowdown being felt more than in the country's once-bustling jewellery manufacturing and retail hub of Shuibei.