Despite Macau being the obvious base for Portuguese companies to establish a presence in Asia, Hong Kong’s advantages and status as a conduit to China is attracting ever more businesses from the country.
As at end of June 2014, there were 332 million online shoppers in the mainland, accounting for 52.5% of the netizen population. The uptake of online shopping in the mainland has drawn quite a number of Hong Kong companies in expanding into the China market through e-tailing. Dave Li, founder of Hong Kong fashion brand Evian Vintage, shares his experience in starting up a business on Taobao.com, the largest C2C platform in China.
Researchers from the Hong Kong Trade Development Council's Guangzhou Office recently visited local government departments and Hong Kong-invested companies in Meizhou, a city to the northeast of Guangdong. The interviews largely focused on the city's distribution sector, e-commerce development, as well as the current state of operations of Hong Kong-invested companies in the area.
In just 10 years, the mainland children's furniture market has grown from zero to 18% of the whole furniture sector, now strict new industry standards and the two-child policy have triggered a major shake-up in this infant industry.