According 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.
Source: Hong Kong Computer World
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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.
According to
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. 