Contrasting consumer habits: Hong Kong vs Mainland China
Hong Kong uniquely merges Eastern traditions with Western influences, creating a lively cultural and commercial environment. In contrast, Mainland China’s vast market is marked by rapid evolution, showcasing a distinct combination of historical richness and modern innovation. Download our China luxury market report Although they might seem similar to the Western eye, consumers in Hong […]
Hong Kong’s luxury market losing ground to Mainland China: can it regain its position?
Hong Kong is well-known as a leading financial center, major travel hub and tourist destination: in 2019, Hong Kong had about a hundred million inbound visitors. Hong Kong’s luxury market has long been crucial to the city’s economy, with the total revenue for luxury goods sales reaching 12.92 billion USD before the pandemic. Hong Kong’s […]
Hong Kong vs Singapore: Why companies should stay optimistic about Hong Kong’s future
Singapore and Hong Kong are historical economic competitors: a few decades have passed since the beginning of their fast growth as financial centers. Their success is indisputable, and their growth strategies have served as models for the worldwide community. In 2019, Singapore and Hong Kong ranked as the second and third easiest places to do […]