Founded in 2011, plant-based meat firm Impossible Foods first staked its claim to a slice of the China market in 2018, two years after its first product launch in the US. Renowned for its flagship Impossible™ Burger, the California-headquartered firm has branched out into other ‘meats’, while also developing a significant presence in Hong Kong, Macao and Singapore. It now hopes the Greater Bay Area initiative will provide the platform for it to break into the mainland. More
The Guangdong-Hong Kong-Macao Greater Bay Area aims to develop into an innovative and open economic zone. To some traditional businesses in the region, this development presents both an opportunity and a host of challenges. Guan Zhengsheng, President of Guangdong Jiujiang Distillery Co Ltd, shared the thinking behind his company’s reform and new business strategies. More
Food service operators like The Italian Club have demonstrated an exceptional response to the current crisis by speeding up their digitalisation plan. In an interview with HKTDC Research, The Italian Club explained the rationale behind its revolutionary business model and its rapid online expansion during the pandemic. More
In a survey conducted by the Hong Kong Trade Development Council, consumers from the nine mainland Guangdong-Hong Kong-Macao Greater Bay Area (GBA) cities regard Hong Kong as not only a shopping haven but also the most international city in the GBA. 71% of them said that on average they had visited Hong Kong twice in the past year. More
The Office of the U.S. Trade Representative and the U.S. Department of Agriculture on 21 May highlighted additional progress made in the implementation of the agriculture-related provisions of the phase one economic and trade agreement with mainland China. More
Growing concern over pollution caused by single-use plastic containers is driving an innovative Hong Kong firm to set up water-dispenser networks allowing thirsty consumers to fill cups or reusable containers.