Hong Kong retail
Hong Kong's major retailers are using direct sourcing and economies of scale to avoid price hikes amid surging logistics costs from the Middle East war. Sa Sa International chairman Simon Kwok Siu-ming warns of pressure on petroleum-derived beauty products. Shipping and airfreight costs have risen 10 to 15 per cent.
Raportoinut AI
Futu Securities launched Futu Café on Thursday at its store on Lee Garden Road in Causeway Bay, offering drinks to blend into clients' daily lives. A company spokesman said the café aims to integrate investment and financial management into users' everyday lifestyles while appreciating client support with preferential prices. App users can buy drinks for as low as HK$12 (US$1.53).