E-COMMERCE

China Steps Up Green Transformation in Express Delivery Packaging

20 January 2021

In accordance with guidelines jointly issued by eight central government departments, including the National Development and Reform Commission, steps will be taken to optimise the supply of express delivery packaging to accelerate green transformation in the sector. More

hktdc research

Mainland Enterprises in Greater Bay Area Leverage Hong Kong’s Professional Services to “Go Out”

12 January 2021

Hong Kong is an international logistics and transport hub in the GBA as well as a regional financial and professional services centre. According to Wayne Zhijun Ouyang, Vice General Manager of Shenzhen China Brilliant Group, his company, taking advantage of Hong Kong’s ideal geographic location, makes use of the airfreight, shipping and customs clearance services in the territory to access the international market. More

hktdc research

Navigating Covid-19: A Custom Watch Brand

11 January 2021

In a quick response to the Covid-19 outbreak and the new stay-at-home economy, Quinn Lai, the founder of the Hong Kong custom watch brand EONIQ, has rapidly digitalised his mechanical watchmaking workshops and launched a DIY watchmaking kit. More

hktdc research

BANGLADESH: Central Bank Eases Foreign Currency Payments Rules

11 January 2021

The Bangladesh Bank, the country’s central bank, has relaxed the rules on outbound/inbound foreign payments for goods and professional services in an effort to support Bangladeshi businesses suffering on account of the coronavirus pandemic. More

hktdc research

KENYA: 1.5% Digital Service Tax Comes Into Force; VAT Rate Hiked to 16%

08 January 2021

Kenya’s new digital service tax (DST) comes into force from 1 January 2021. The Income Tax (Digital Service Tax) Regulations 2020 were officially gazetted on 11 December 2020 at the same time as the country’s Value Added Tax (VAT) rate was officially increased from 14% to 16%. More

hktdc research

Administration Efforts to Exclude Section 301 Goods from De Minimis Exemption Attract Pushback from Lawmakers

30 December 2020

Trump administration efforts to exclude goods subject to Section 301 tariffs from being able to claim a duty exemption if manifested at less than US$800 fair retail value are attracting pushback from various lawmakers, who are requesting a full regulatory analysis to ascertain potential costs and benefits as well as feasible alternatives. More

life & style

Mobile leads e-commerce rush

18 December 2020

The COVID-19 pandemic and restrictions on movement and gatherings has an upside for several industries, especially e-commerce, delegates to the fourth Asian E-tailing Summit heard. Mobile e-commerce has grown particularly strongly in Asia, with Mainland China taking the lead. More

heads-up

Targeting Russia through e-commerce

14 December 2020

The COVID‑19 pandemic has fast-tracked the long-term move from physical retail to e‑commerce as the key sales channel into both domestic and overseas markets – including Russia, Europe’s largest consumer market. More

market spotlight

Home city takes on new meaning

09 December 2020

The smartphone, one of the newest technologies in the world today, is often called the “device that ate everything” since it has become a newspaper, cinema, television set and much more. More

hktdc research

AFRICA: UN Economic Commission for Africa Launches Trade Platform for AfCFTA

07 December 2020

The United Nations’ Economic Commission for Africa (ECA) has officially launched the African Trade Exchange, or ATEX, intended to facilitate trade between buyers and suppliers when the African Continental Free Trade Area (AfCFTA) agreement kicks in at the beginning of next year. More

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