China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.
Hong Kong's biggest retailer association has urged the local government to protect tenants from legal action or eviction even if they are unable to pay rent due to the impact of protests and virus restrictions.
The Hong Kong Retail Management Association said on Thursday that about 25% of retail stores in the Asian financial hub were expected to close by year end against the fallout from the coronavirus pandemic.
Few people are better placed to suggest how fashion, luxury and beauty brands can reach Chinese consumers than Christina Fontana, director of fashion & luxury Europe for Alibaba, the world's biggest e-commerce company.
In an attempt to help Hong Kong designers enter the northern European market, the Hong Kong Trade Development Council is all set to host four accessory brands at the upcoming Copenhagen International Fashion Fair.
Tour groups to Hong Kong could shrink by as much as two-thirds in the first half of this year, an industry executive said, dealing another blow to retailers and an economy facing pressure from slowing growth in China.