An app offering easily swapped gifts has already moved beyond its home base in Hong Kong.
11 April 2022
Global gifting app Prezitt lets users treat loved ones to anything from cupcakes and coffee to gift sets or beauty treatments in real time. A recipient who is not happy with what you have chosen for them can swap it for something else on the app, which currently has about 200 partner locations and 5,000 users, explains Prezitt Co-founder and CEO Alicia Tang.More
A Hong Kong entrepreneur spotted a gap in the market for a fragrant, sustainable and skin-friendly hand sanitiser.
04 April 2022
During the COVID-19 pandemic, bottles of hand sanitiser have become ubiquitous in Hong Kong homes, offices and handbags. Sales have surged since the outbreak began in early 2020 and the Asia-Pacific hand sanitiser market is expected to expand at a 14.4% compound annual growth rate between 2020 and 2026, according to KBV Research.More
As working from home became more common during the pandemic, an online marketplace offering domestic services saw its business thrive.
28 March 2022
Digital marketplace platform Toby offers services ranging from dance lessons and physiotherapy to cleaning and home renovation. Established in 2016, it currently has nearly a million users across Hong Kong, Taiwan and Singapore and hosts more than 80,000 businesses and service providers.More
A Hong Kong start-up has developed NFT tokens that will give everyone a stake in the latest iteration of the internet.
14 March 2022
A new dawn of the internet is upon us. The blockchain-technology-based Web 3.0 incorporates concepts including decentralisation and token-based economics. A leading Web 3.0 firm is Hong Kong unicorn Animoca Brands, a Deloitte Tech Fast winner that ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021. With more than 600 employees globally, Animoca’s vision is to create an open, community-driven metaverse, Group President Evan Auyang said.More
A business consultancy’s report shows that lenders in Hong Kong expect business to improve over the course of the year.
07 March 2022
Banks in Hong Kong are optimistic on their financial performance in 2022 with higher interest rates likely to improve margins, global business consultancy KPMG said in its latest report. Non-interest revenue should also increase as initiatives such as the Cross-Boundary Wealth Management Connect scheme offer new growth opportunities. Paul McSheaffrey, Partner, Financial Services for KPMG China, extracts the key trends, opportunities and challenges identified in the KPMG Hong Kong Banking Outlook 2022 report.More
A specialist wine merchant is helping Hongkongers through the pandemic by supplying boutique vintages for them to enjoy at home.
21 February 2022
As the COVID-19 pandemic continues to keep consumers away from restaurants and bars, Hong Kong has seen a corresponding increase in the consumption of wine at home and a greater emphasis on quality, according to research by Wine Intelligence. Its Hong Kong Wine Landscapes research report released in 2021 found that 68% of millennial wine drinkers believe spending extra for better wine is worthwhile. “The frequency of wine consumption has remained constant, suggesting that consumers want to drink wine at the same rate, but they are willing to spend more per bottle and trade up,” says Richard Halstead, Chief Operating Officer, Insights & Custom Analytics at Wine Intelligence.More
Noting the stigma attached to treating mental illnesses, a Hong Kong-based entrepreneur has adopted a community-based approach.
14 February 2022
In a fraught world, nearly four in 10 adults said they had experienced worry (40%) or stress (40%) according to last year’s Gallup Global Emotions Report. The United Nations has warned that a global mental health crisis is looming as economic turmoil, isolation and uncertainty all contribute to psychological distress. In Hong Kong, 61% of adults suffer from poor mental well-being according to a recent study by mental health charity MIND. The same study found that 60% of Hongkongers do not know where to seek help regarding mental health issues other than hospitals, and 74% of mental health sufferers do not seek any form of professional treatment.More
A dog-food subscription service quickly found favour in Hong Kong after launching at the height of the pandemic.
07 February 2022
Supplying food to Hong Kong’s dog shelters is a major motivation for dog food subscription start-up Buddy Bites, which donates 1 kilogram of food for every 2kg it sells. A handful of Hong Kong e-commerce sites sell other brands’ dog food on their sites but Buddy Bites is the only dog-food subscription service in the city – and customers have welcomed its philanthropic principles.More
The HKTDC’s T-Box programme is joining with Google to help smaller exporters look overseas in the Year of the Tiger.
31 January 2022
A new year, new research, and a new initiative – Google Hong Kong has partnered with the Hong Kong Trade Development Council (HKTDC) to power small and medium-sized enterprises’ (SMEs) digital capabilities and help them succeed globally in 2022 and beyond. Michael Yue, General Manager, Sales & Operations, Google Hong Kong, explains how it will work.More