Hong Kong retail up in September despite massive growth slowdown

| November 14, 2018

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Retail sales in Hong Kong rose 1.4% year-on-year in September, signalling a considerable retail sales slowdown in the Asian economy, following a downwardly revised 7.9% increase in August. According to industry figures released on November 1, the September uptick is the smallest annual gain in Hong Kong retail sales since June 2017. The Census and Statistics Department (CENSTAD) attributed the slowdown to two factors, with the first being the temporary drag on inbound tourism from typhoon Mangkhut. Also, local consumer spending was reportedly hindered by negative sentiment, in light of the US-China trade conflicts and stock market corrections. Looking at the results closer by category, September food, alcoholic drinks and tobacco retail sales fell 0.8%, compared to an increase of 2.4% in August. Hong Kong fuel sales were down 2.9%, widening in terms of loss, compared to a 0.6% decline in the month prior.

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Bizark e-commerce Co.,Ltd is a renowned company and a leader in the fields of foreign trade and e-commerce. After our establishment, we quickly began to use the internet to facilitate cooperation with our overseas customers. Since then, we have been devoted to the internet and the new economies which have grown up around it.

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5 Shopify Alternatives in 2020-21 that Make Ecommerce Simple for Beginners

Article | October 16, 2020

In 2004, Tobias Lutke, Daniel Weinand, and Scott Luke established an online website to sell snowboards. They tried a bunch of online store builders but were not satisfied with the status quo. So, they decided to build a tool that could operate their website. Soon, they realized that the tool was more powerful than the website's business. And hence, Shopify was born. Eventually, Shopify became one of the largest eCommerce store builders in the world. By 2009, the company had $100 million in sales and decided to launch its own API as well as an app store. More than a decade later, Shopify is now supporting over 800,000 stores globally and is a $125 billion company. While the company has shown remarkable growth in its business, it would be ignorant to say the market's needs have been fulfilled by the Shopify platform. Shopify's eCommerce platform works for a lot of businesses, but that does not mean it will work for every business. 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Spotlight

Bizark

Bizark e-commerce Co.,Ltd is a renowned company and a leader in the fields of foreign trade and e-commerce. After our establishment, we quickly began to use the internet to facilitate cooperation with our overseas customers. Since then, we have been devoted to the internet and the new economies which have grown up around it.

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