After about 75 years in business, the Oriental Trading Company Hong Kong Limited, a long-standing toy giant, is shutting down, much to the sadness of Hong Kong residents who fondly remember the company for shaping their childhoods. The closure was announced through a social media post by reseller Tai Fook Hong, revealing that the toy...
China’s Commerce Minister, Wang Wentao, met with Roberto Vavassori, President of the Italian Association of the Automotive Industry, in Italy on Saturday to discuss the European Commission’s (EC) tariffs on Chinese electric vehicles (EVs) and foster cooperation between China and Italy in the EV sector, according to the Ministry of Commerce (MOFCOM) on Sunday. This...
DHL, the global cargo forwarding giant, announced plans to invest €100 million (US$110.3 million) in anticipation of a surge in Chinese exports during the final months of 2024. The company foresees a significant increase in outbound transport from China to global markets, particularly as the year-end peak approaches. In a statement released on Thursday, DHL...
Moscow-based EuroTrans, a major Russian petrol station operator, is planning to install EV charging stations along an expressway linking Russia and China. This initiative aims to support electric vehicle (EV) drivers by enabling them to travel long distances across Russia and into China without running out of power. The charging stations would be built along...
Apple’s decision to produce its newly launched iPhone 16 series in India signals a strategic shift as the tech giant seeks to diversify its supply chains amidst growing geopolitical tensions. Traditionally, Apple relied heavily on China for the production of its high-end smartphone models, while India handled lower-end and older versions of the iPhone. However,...
Three prominent industry groups in Hong Kong are urging the government to reduce the liquor tax rate from the current 100 per cent to 20 per cent in an effort to stimulate the city’s economy. The Hong Kong General Chamber of Wine and Spirits, the Hong Kong and Kowloon Provisions, Wine and Spirit Dealers’ Association,...
One day before the release of China’s highly anticipated 3A game Black Myth: Wukong, a Chinese content creator named “Gray” posted on Reddit, introducing the game’s inspiration, the classic Chinese novel Journey to the West. In just 15 hours, the post garnered 70,000 views, demonstrating the strong international interest in the game and its cultural...
After six months of renovations, the much-loved Queen Street Cooked Food Market in Sheung Wan has reopened to the delight of diners, offering affordable meal options in a refreshed and improved setting. Loyal customers have eagerly returned to their favorite stalls, with many praising the enhanced dining environment. However, operators face new challenges, including rising...
Washington is likely to send a strong message that Hong Kong companies could face hurdles when investing in the United States if a new bill aimed at shutting down the city’s trade offices becomes law. However, experts suggest the move may not significantly impact Hong Kong’s economy in the short term. The Hong Kong Economic...
Spanish Prime Minister Pedro Sanchez has called on the European Union to reconsider its plans to impose punitive tariffs on Chinese-made electric vehicles, signaling a significant shift in Spain’s stance. Speaking during a visit to Kunshan, China, on Wednesday, Sanchez emphasized the importance of avoiding a trade war. “We don’t need another war, in this...