Hong Kong Means Business
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Coming clean on beauty
Beauty is big business in Hong Kong, with beauty and personal care revenue reaching US$1.95 billion in 2021, according to Statista. But consumers’ needs are evolving and great marketing and glossy packaging for beauty products are no longer always enough to seal the deal.
15 Nov 2021
Health tea goes fizz
Consumers are switching away from high-sugar drinks, a boon for canned sparkling tea tonics producer Lify Wellness. The firm offers sugar-free tea-based beverages with herbal additives including ginseng and turmeric, boosting consumers’ vitamin C and collagen levels.
8 Nov 2021
Natural home for fintech
Innovation and technology thrive in vibrant, open environments. A plugged-in world city with a massive financial industry, Hong Kong is a perfect venue for fintech development and FINNOVASIA, a global FinTech Community established in Hong Kong in 2015 seeks to foster greater collaboration between fintech start-ups and the financial industry locally and globally.
1 Nov 2021
Wealth business booms
Hong Kong’s private wealth management (PWM) industry is growing strongly, a newly released PWM report co-authored by the Private Wealth Management Association (PWMA) and business services firm KPMG China shows. Amy Lo, Chairman, Executive Committee of PWMA, outlines the key findings, including a forecast that, within five years, Mainland Chinese investment could account for more than half of assets under management in Hong Kong.
26 Oct 2021
UK auction house expands HK footprint
United Kingdom-based auction house Christie’s has announced plans to enhance and expand its Asia-Pacific headquarters in Hong Kong. The substantial investment will quadruple the size of its current premises in the city and provide new sales galleries and salesrooms in The Henderson, a high-end office tower designed by renowned London-based Zaha Hadid Architects for local developer Henderson Land Group.
18 Oct 2021
Rare drams draw fans
As Hong Kong matures as Asia’s foremost trading centre for wine and spirits, auctions of rare vintages are drawing interest.
4 Oct 2021
Jab draws in one drawer
When Brian Chen left a successful investment banking career to venture into entrepreneurship, he did not realise he would help promote COVID-19 vaccination uptake among Hongkongers. The founder of Hong Kong marketing technology (martech) start-up Board Click explains how the firm developed an app, Jabbed, listing local vaccination-related offers.
27 Sept 2021
High-end properties boom as COVID stabilises
Luxury residential properties in Hong Kong is seeing robust demand, as reflected in the surging revenue of real estate agencies such as Habitat Property, which is forecasting a 25% growth for 2021. Founder and Managing Director Victoria Allan outlines the drivers fuelling the market, and why she expects these to continue.
20 Sept 2021
Launch-pad for planet
As start-ups and small businesses proliferate and seek finance while investors look for better returns on capital, a space has opened up for equity management solutions that help unlisted firms issue and manage shares.
13 Sept 2021
Commercial property rebounds
Commercial real estate investment into Hong Kong has rebounded remarkably, almost doubling in the first half of 2021 compared with the same six months last year. Oscar Chan, Head of Capital Markets at JLL Hong Kong, explains the numbers, and why Hong Kong’s result is a standout in the region.
6 Sept 2021
Setting up means settling down
His relocation experiences as an expatriate led Indian-born Sachin Doshi to make a career leap from investment banking to entrepreneurship. He established Hong Kong rental accommodation firm Weave Living in 2017 and, in a space of just four years, the brand has grown from one property to a diversified portfolio of 579 units across five locations. Mr Doshi now actively seeks opportunities to meet diverse housing needs in other leading global cities.
30 Aug 2021
Vegans turn to nut ‘cheeze’
Giving up cheese is often a big barrier to adopting a plant-based diet but dairy-free alternatives are on the rise, with tastes and textures to rival the real thing. Just ask Le Fromage by Ma, a Hong Kong shop selling “cheeze” – a term it uses to mean vegan cheese.
23 Aug 2021
Whisky connoisseurs turn to casks
Several bottles of fine whisky are a fixture in many Hong Kong homes and family banquets often involve these being shared around the table.
16 Aug 2021
Digital-age take on exclusive clubs
There are few things more thrilling than belonging to an exclusive club, but in a city like Hong Kong, waiting lists are often long and prices are high to enter these esteemed spaces.
9 Aug 2021
Hard sell for bubbly start-up
As drinkers seek healthy tipples, spiked sparkling drinks have emerged as a trend in the food and beverage world as they offer the same bubbly mouthful as beer or sparkling wine but have much lower calorie levels. Riding on their growing popularity, Hong Kong brand BubbleMe offers a zero-sugar, antioxidant-rich, low-calorie hard seltzer.
2 Aug 2021
Harnessing social marketing
Riding the digital transformation wave that crested across swathes of industries during the COVID-19 pandemic, two innovative Hong Kong entrepreneurs teamed up in 2020 to establish a salestech platform that enables companies to develop their own on-demand virtual sales team, thus helping them promote products and build a sustainable prospects database through social networking.
26 July 2021
Tropical tipple comes home
A favourite sundowner in tropical climates, gin has long been a staple in Hong Kong liquor cabinets and a common cocktail ingredient. Typically imported from leading producers such as the United Kingdom and India, the spirit now has bespoke Hong Kong-based producers such as Two Moons Distillery.
19 July 2021
Healthy habits counter COVID stress
The COVID-19 pandemic has thrown normal routines out of the window and many of us have reached for unhealthy foods and alcohol, and are sleeping poorly because of stress. To break the bad-habit cycle, some people seek out online health coaches such as Neelam Pure Health. The Hong Kong start-up was founded six months ago by Neelam Daswani following her studies at the Integrated Institute of Nutrition, which takes a holistic approach to health.
12 July 2021
Innovation for art’s sake
Many artists and artwork owners guard pieces from alteration or reproduction but an innovative Hong Kong consultancy is turning this notion on its head and deliberately streamlining the process of producing edited reproductions.
5 July 2021
Brewing up on the spot
In Medieval Europe, alewives brewed the beverage daily and sold it on their premises. During and after the Renaissance, technological improvements took the craft into large-scale brewhouses.
28 June 2021
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