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3250582841_796e9b4cfe.jpgAccording to a survey from PayPal, the online shopping market size of Hong Kong has reached US$1.9 billion this year and is expecting to reach US$2.5 billion in 2015. 

Hong Kong is not only a brick-and-mortar shopping paradise now, but also a virtual shopping paradise of Asia. Hong Kong people is becoming more tech-savvy that there are nearly 2 million online shoppers aged above 18 years old now with an average spend per head of $991 in the past year. 

From the study of PayPal, it is revealed that convenience is the most important incentive for shopping online while variety of choice and bargain deals follow. "The Hong Kong netizens are no doubt embracing the benefits of shopping online and via mobile like never before, and in turn, creating enormous opportunities in e-commerce for local businesses." said Kerry Wong, General Manager of PayPal Hong Kong and Taiwan.


Image: jamisonjudd
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Again from PricewaterhouseCoopers but this time related to gaming revenue. Asia is going to overtake the United States in 2013 for the most lucrative region for casino revenue. Looking at current projections and the Economic situation in the region, it really comes as no surprise. Macau is the main region which is making the most money. They have a great variety of casinos from different parts of the world and attracting many people from Asia and especially from Mainland China. Another reason for the rise of Asia is the emergence of Singapore as a gambling hub. Ever since they opened their market for casinos, they have been attracting people from all over South East Asia. They offer something different to Macau, they have entertainment among other things in their resorts. Earlier this month Macau posted its November gambling revenues, showing a 32.9% increase in revenue to 23 billion patacas ($2.9 billion) compared to the same month last year.

Source: http://www.marketwatch.com

Image: Images_of_Money
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Entering China virtually!

According to PricewaterhouseCoopers, there is going to be an increase in revenue generated from sales in the Asia Pacific region. The increase will be around 6% for offline and physical stores but it is going to be around 20% for online stores. That is why more foreign companies will be looking at the virtual route when looking to expand in China and the Asia Pacific region. Retail sales in the Asia-Pacific are expected to grow at an average 6 per cent annually to US$6.6 trillion this year and US$10.5 trillion in 2015, online shopping turnover in Asia will grow by an average of 20 per cent a year in the coming years. During the survey, the people from the Mainland said they went online and purchased all kinds of products, anging from clothing, to electrical appliances, groceries, jewellery and watches. "More retailers, especially overseas brands that haven't yet penetrated the mainland market, are considering reducing the number of store openings in China and diverting the resources to creating their own online retail platform," PwC's Carrie Yu said. "To do that they may look to acquire local dotcom firms." That would be the best way to enter the virtual Chinese market. Opportunities in Asia are abundant.

Source: http://www.scmp.com

Image: lumaxart
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Piaggio targets Asia!

Italy's Piaggio, best known for its Vespa scooters is expanding in the Asian region. Their sales figures have gone down in Europe where the demand for the scooters have been decreasing lately but Asia is there to the rescue yet again with sales in China and India doing most of the damage. Piaggio has said it wants Asian sales to account for 50 per cent of total sales in 2014, up from a third in 2010, with Europe representing the other half. Net debt is targeted at about €340 million in 2014, slightly lower than at the end of 2011, with an improved net debt/ebitda ratio of 1.1 times, from 1.7 times. The buying power in Asian regions keep going up and people are doing whatever they can to improve their lives, this can be seen in buying more products and spending lavishly too. In many Asian countries like India, China, Taiwan, people do still use scooters a lot more than cars because it can be a good way to evade the traffic and also its a custom there. That is Asia for you in a nutshell, even with all the money they can spend, they still stick to their roots sometime.

Source: http://www.scmp.com

Image: mick/Lumix
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資料內源: finet 


圖片內源:SIGGRAPH


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