Hong Kong Products Highly Rated by ASEAN E-Shoppers
Singaporean, Thai and Malaysian Consumers Spend the Most
HONG KONG - March 11, 2025 ( NEWMEDIAWIRE) - Hong Kong businesses are well placed to make good on the government's budget commitment to step up e-commerce trade with the ASEAN bloc, according to new research from the Hong Kong Trade Development Council (HKTDC). In particular, the findings show that the extension of the E-Commerce Easy initiative may be of huge benefit to Hong Kong's small and medium-sized enterprises (SMEs).
Titled ASEAN eCommerce opportunities: Insights on Consumer Behaviours and Positioning of Hong Kong Products, the research shows that Hong Kong brands and products are already particularly valued in six key ASEAN markets – Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam – with every indication that this positive perception will lead to significant growth in future trade.
Previewed today, the full report will be released on 19 March during a dedicated session at this year's HKTDC MarketingPulse and eTailingPulse events at the Hong Kong Convention and Exhibition Centre.
HK electronic, fashion, cosmetic products popular in ASEAN
Among the key findings of the research is the high level of popularity Hong Kong brands and products enjoy among ASEAN-6 e-consumers. In fact, some 70% of online shoppers within the six-nation grouping indicated they had bought at least one Hong Kong-sourced product within the past 12 months.
This preference was particularly pronounced among younger consumers, with the 18-29-year-old demographic indicating the highest regard for goods of Hong Kong origin.
In terms of the factors behind the appeal of Hong Kong brands and products for ASEAN consumers, the research identified three primary reasons. Firstly - and most compellingly - some 35% of respondents perceived Hong Kong-sourced goods as less costly and better value for money than those from other sources.
Secondly, a significant proportion of respondents (33%) stated that they particularly valued Hong Kong-sourced items for the way they seamlessly and successfully blended Asian and Western elements. A further 32% indicated that the stylish nature of the online inventory of Hong Kong-sourced items was the attribute they valued most highly.
In terms of Hong Kong e-commerce categories with the highest level of appeal for ASEAN-6 purchasers, consumer electronic items topped the list, winning favour with 70% of respondents. Taking the number-two spot was Hong Kong-sourced fashion items (38%), while coming a close third was the city's online range of cosmetic/personal care products (34%).
Singaporean, Thai and Malaysian e-shoppers spend the most
The survey also found e-shoppers from Singapore, Thailand and Malaysia spent the most per purchase on Hong Kong goods. Take Hong Kong-sourced consumer electronics as an example, Singapore e-shoppers on average spent US$371 per purchase, followed by those in Thailand (US$276).
In terms of individual ASEAN markets, it was Thailand that showed the greatest partiality to Hong Kong e-commerce items, with 81% of the relevant survey respondents having purchased such an item within the past 12 months.
In second place was Indonesia, with 73% of respondents having ordered a Hong Kong item online within the last year. Slightly below this, in third place, was the Philippines, with 69% of the country's respondents having made a related purchase over the past 12 months.
In terms of age demographics, respondents aged 30-49 had the highest average spending per purchase.
Separately, an average of 76% of those 18-29 year-olds across all ASEAN-6 markets had purchased a Hong Kong-sourced item online within the past 12 months. Among the 30-49 segment, the corresponding figure fell marginally to 72%, before falling further – to 52% – for online shoppers aged 50 or above. Reassuringly, even in this older category, a slender majority still manifested a preference for buying from the city via an online channel.
Commenting on the significance of the survey, Irina Fan, Director of HKTDC Research, said: 'It's encouraging that the first study of its kind should show just how willing ASEAN consumers are to purchase Hong Kong brands and products via a variety of online channels. In line with our findings, Hong Kong SMEs should particularly bear in mind the high regard consumers in Thailand and Indonesia have for Hong Kong-sourced products.'
Ms Fan added: 'In terms of product categories, it's clearly particularly good news for Hong Kong companies in the consumer electronics sector, an area that has long been one of the city's key strengths.'
Full report revealed at eTailingPulse
The HKTDC is organising the MarketingPulse and eTailingPulse conferences at the Hong Kong Convention and Exhibition Centre next Wednesday, 19 March. The full ASEAN e-Commerce opportunities: Insights on Consumer Behaviours and Positioning of Hong Kong Products report will be unveiled at an eTailingPulse panel discussion, where business leaders will share insights from their successful experiences in the ASEAN e-commerce market.
The panel is among nearly 30 sessions at the two Pulse events, which bring together more than 65 global elites from diverse industry sectors, including influential marketing experts, economists, retail giants, brand strategists, advertising and PR professionals and e-commerce leaders.
Themed Inspiring Possibilities, the events aim to turn visionary ideas into actionable strategies and spark cross-disciplinary collaboration. This year's event will spotlight six key marketing topics: leveraging data and artificial intelligence (AI) to drive innovative marketing strategies; integrating art, music and culture into brand marketing to explore new frontiers; embracing neurodiversity to foster more inclusive marketing perspectives; opportunities in the ASEAN and halal markets; addressing the challenges and possibilities of global industry transformation in light of the rising trend of single-person households; and empowering the 'she economy' through innovative AI solutions to enhance the market competitiveness of e-commerce platforms.
Attendees will have the opportunity to explore forward-thinking market dynamics, emerging trends, innovative marketing strategies and compelling success stories.
HKTDC support SMEs tapping into e-commerce
The HKTDC has been supporting SMEs to tap into the tremendous business opportunities brought by the rapidly developing e-commerce market. The HKTDC Design Gallery online store will extend to Singapore and Malaysia in 2025/26, followed by Thailand in a subsequent phase. Hong Kong suppliers will be able to sell their products to the ASEAN region through this online channel in the form of cross-border e-commerce. The range of products to be offered in the initial stage includes gifts, housewares, bags, baby/kids' products and eco-friendly products.
This year, the HKTDC is also launching a year-long programme called E-Commerce Express to address the pain points faced by local SMEs when developing cross-border e-commerce businesses in the mainland. The programme will involve the HKTDC, together with major e-commerce or social media platforms, arranging a series of thematic training seminars and research sharing sessions.
Appendix
- E-commerce Easy: The E-commerce Easy initiative was set up by the Hong Kong SAR Government in July 2024 to help fund local businesses as they seek to serve potential mainland clients via a range of e-commerce channels. In the 2024 Policy Address, the Government announced it would expand the scheme to cover ASEAN-10 markets within 2025, with Hong Kong companies looking to access the bloc via online sales platforms eligible for subsidies of up to HK$1 million.
- Methodology: HKTDC Research conducted an online survey of 1,846 online shoppers in June and July 2024 covering the six ASEAN-6 markets of Indonesia, Thailand, Malaysia, the Philippines, Vietnam and Singapore. There were roughly 300 respondents from each country. Typically, respondents were aged 18 to 60, resided within selected major metropolitan areas, made online purchases at least once a month, and were mid- to high-annual income earners.
References
Media enquiries
Please contact the HKTDC's Communication and Public Affairs Department:
About HKTDC
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Associated Press
13 hours ago
- Associated Press
AI Cross Matrix Building the Future of Private Autonomous Finance
Hong Kong, June 28, 2025 -- ACM (AI Cross Matrix) announced June 25 that it will launch its main network on 5 July 2025, ushering in a new era of cross-chain privacy finance. As a next-generation privacy financial infrastructure, ACM combines artificial intelligence and cryptography to realise autonomous and secure financial transactions under a global compliance framework. Building the Future of Private, Autonomous Finance As data privacy and value extraction collide, AI Cross Matrix (ACM) rises as the next-gen privacy finance infrastructure—powered by advanced tech, a deflationary model, and global compliance—to lead the future of Web3 privacy. Platform Positioning: Enterprise-Grade Privacy Infrastructure ACM combines AI path obfuscation, ZKP, and Ring Signatures to deliver a multi-chain, auditable, and high-anonymity privacy protocol—serving both privacy-focused users and compliance-driven enterprises. Unique Advantage: Speed, Privacy & Long-Term Value ACM outperforms competitors with faster transactions and lower fees, while offering enhanced privacy through AI-powered path obfuscation. Its unique triple-burn mechanism enables continuous deflation, reinforcing long-term token value without revealing specific burn strategies. Roadmap Overview Q2 2025: Testnet launch with support for private ETH and BTC transactions Q3 2025: Official token launch and global community node recruitment Q4 2025: Release of Privacy Protocol 2.0 and AI Routing Optimization Engine Q1 2026: Developer platform goes live with SDK integration Q2 2026: CEX listing and ecosystem expansion initiatives begin ACM Mainnet Launch Announcement ACM's core features go live on July 5, marking a major leap toward next-gen privacy finance. Final countdown underway—get ready to join the future of cross-chain privacy. Official Channels Website: Coming soon Cross-Chain Explorer: Coming soon Twitter: TG Annoucement: TG Community: @aicrossmatrix_official Medium: YouTube: Notion Docs: Whitepaper: Contact Info: Name: Hulk Email: Send Email Organization: SocialPulse Nexus Sdn Bhd Website: Disclaimer: This press release is for informational purposes only. Information verification has been done to the best of our ability. Still, due to the speculative nature of the blockchain (cryptocurrency, NFT, mining, etc.) sector as a whole, complete accuracy cannot always be guaranteed. You are advised to conduct your own research and exercise caution. Investments in these fields are inherently risky and should be approached with due diligence. Release ID: 89163313 If you encounter any issues, discrepancies, or concerns regarding the content provided in this press release that require attention or if there is a need for a press release takedown, we kindly request that you notify us without delay at [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our responsive team will be available round-the-clock to address your concerns within 8 hours and take necessary actions to rectify any identified issues or guide you through the removal process. Ensuring accurate and reliable information is fundamental to our mission.
Yahoo
14 hours ago
- Yahoo
Trending tickers: latest investor updates on Nike, Xiaomi, Cyngn, Spotify, Core Scientific and Unilever
Nike (NKE) shares surged by almost 10% in after-hours trading, fuelled by growing investor optimism that the company's long-awaited turnaround strategy may finally take hold, even as it posted its worst quarterly earnings in over three years. On Thursday, the Oregon-based sportswear giant reported fourth-quarter revenues of $11.1bn (£8bn), surpassing analyst expectations, though it marked the lowest revenue figure since Q3 2022. Net income plummeted 86% to $211m, or 14 cents per share, compared to $1.5bn, or 99 cents per share, in the same period last year—yet still exceeded Wall Street forecasts. Nike's (NKE) chief executive Elliott Hill said: 'The results we're reporting today in Q4, and in FY 25 are not up to the Nike standard." The company also warned that US president Donald Trump's trade tariffs could cost it around an extra $1bn. Amid these results, Mamta Valechha, a consumer discretionary analyst at Quilter Cheviot, remained cautious. 'Nike (NKE) continues to slump, with its fourth quarter the worst in at least two decades. Sales were down 12%, while its operating margin was a meagre 2.9%. The sales themselves had actually come in ahead of really low expectations, producing an earnings beat.' Read more: FTSE 100 LIVE: Stocks higher as US and China sign trade agreement, US says 10 deals imminent Valechha pointed to underlying challenges, adding: 'These troubling numbers, though, suggest that Nike (NKE) may nearly be at rock bottom. The share price rallied strongly in after-market trading as investors are beginning to expect a positive rate of change going forward. It has been a difficult period for Nike following the pandemic, and the threat of tariffs simply is not helping the situation for the company.' Though the company's outlook for the coming quarter remains grim, Valechha noted that the road to recovery would likely be gradual. 'It will be a slow recovery, however. Management is expecting further sales declines and record-low operating margins for Q1. That said, it is setting itself a low bar, hoping to give itself room for manoeuvre and the ability to beat expectations from investors and begin to drive positive momentum back into the business.' Nike's (NKE) strategy to clean up inventory levels and reduce discounting could be pivotal in driving future growth. However, Valechha said that fresh, in-demand product launches are crucial. 'Ultimately, Nike needs to produce new products that people want to buy, bringing about increased demand to help bring sales back to the company. The green shoots of recovery are beginning to show themselves in some divisions, but more could soon be on the way.' Shares of Hong Kong-listed Xiaomi ( surged more than 5% to reach a record high on Friday before closing with 3.6% gains, following an overwhelming customer response to its new electric vehicle (EV). The consumer electronics giant, which has quickly expanded into the EV market, is now directly challenging Tesla (TSLA) with its latest offering, the YU7 electric luxury SUV. On Thursday, CEO Lei Jun revealed that the YU7's starting price would be 253,500 yuan ($35,322), undercutting Tesla's (TSLA) Model Y by 10,000 yuan. Tesla's Model Y starts at 263,500 yuan in China. Lei's announcement comes as part of Xiaomi's ( broader strategy to become a serious player in the electric vehicle sector, which has seen intense competition from industry leaders like Tesla. According to Xiaomi ( the YU7 received more than 200,000 orders within just three minutes of its official launch, a sign of the growing consumer appetite for EVs, especially those offering more affordable alternatives to established brands. Ahead of the vehicle's price revelation, analysts at Citi had forecasted that the YU7 would be priced between RMB 250,000-320,000 ($34,800 to $44,590), with expected monthly sales of around 30,000 units. Citi further predicted that as sales gain momentum, Xiaomi ( could reach annual sales figures of between 300,000 and 360,000 units. Cyngn (CYN) shares closed 1271% higher on Thursday and were 30% higher in pre-market trading, after the industrial automation company revealed a partnership with Nvidia (NVDA). The collaboration will see Cyngn's (CYN) vehicles, powered by Nvidia's (NVDA) Isaac robotics platform and the company's proprietary DriveMod software, change automation across industries such as logistics and manufacturing. The partnership is designed to enhance operational safety and efficiency within commercial operations. Cyngn's (CYN) announcement came ahead of its participation at Automatica 2025, a global robotics event where the company, along with several other robotics firms, will demonstrate Nvidia-powered technologies. Automatica is regarded as a prime stage for unveiling AI-driven systems in real-world industrial settings. The meteoric rise in Cyngn's (CYN) stock price marks a stark contrast to the company's recent struggles. Over the past 12 months, Cyngn had endured a near-total loss of its market value, driven by a series of setbacks that included delisting risks and disappointing earnings results over four consecutive quarters. However, the company has since regained Nasdaq (^IXIC) compliance in March 2025, paving the way for its dramatic comeback. Investors are now hoping that this partnership with Nvidia (NVDA) will mark the beginning of a sustained recovery for Cyngn (CYN). Spotify's (SPOT) shares were trading higher ahead of the US market open, following a 5% increase in the previous session, as analysts raised their price target in anticipation of the company's Q2 earnings report. Guggenheim Securities analyst Michael Morris reaffirmed his 'buy' rating on the stock and lifted his 12-month price target to $840 from $725. In a note to clients on Wednesday, Morris expressed confidence in Spotify's (SPOT) growth trajectory. 'Our conviction in the mid- and long-term growth opportunity at the global streaming audio leader remains intact,' he said. Morris highlighted several factors fuelling his optimism, including Spotify's (SPOT) 'core pricing power, potential tier expansion, expanded delivery of audio formats (led by audiobooks and podcasts), and the early-stage commerce opportunity presented by app-store changes". Read more: Why BP could still be a target as Shell quashes takeover rumours Spotify (SPOT) stock reached a milestone on Wednesday, achieving its third consecutive record high. The company is set to release its second-quarter 2025 results and shareholder presentation on Tuesday, 29 July, before the market opens. Core Scientific (CORZ) shares saw a significant boost ahead of the US market open, following a 35% rally on Thursday triggered by a Wall Street Journal report revealing that artificial intelligence infrastructure vendor CoreWeave (CRWV) is in talks to acquire the bitcoin (BTC-USD) mining and hosting provider. The stock was briefly halted after the news broke, then resumed trading with its second-largest rally since Core Scientific's (CORZ) return to the Nasdaq (^IXIC) in January 2024, following a successful reorganisation. The company's biggest one-day jump came in June 2024, when shares surged 40% after the announcement of a major AI business expansion with CoreWeave (CRWV). According to the Journal, citing sources familiar with the situation, a potential transaction could be finalised in the coming weeks, pending any unforeseen obstacles. The deal would deepen an existing partnership between the two companies, which already includes billions of dollars in contracted commitments. With Thursday's surge, Core Scientific (CORZ) now has a market capitalisation of nearly $5bn, approximately five times the valuation implied by CoreWeave's (CRWV) previously rejected takeover bid from last year. Meanwhile, CoreWeave's stock fell by about 1% on Thursday. Unilever (ULVR.L) is paying $1.5bn to acquire US-based personal care brand Dr Squatch, according to the Financial Times. The FTSE 100-listed (^FTSE) company announced the acquisition on Monday, purchasing Dr Squatch from private equity firm Summit Partners for an undisclosed sum, though sources familiar with the transaction have confirmed the $1.5bn price tag. The deal signals the consumer goods giant's continued focus on upmarket, higher-growth sectors, despite its previous setbacks with razor subscription service Dollar Shave Club. Dr Squatch, known for its "natural" soaps, deodorants, shampoos, and other personal care products, has carved out a niche in the competitive male grooming market. The brand has built momentum through viral marketing campaigns and celebrity endorsements, including an ad with Hollywood actress Sydney Sweeney in a bubble bath and another with boxing legend Mike Tyson taking an ice bath. The brand's products are sold directly to consumers through its website and through third-party retailers, helping it establish a direct-to-consumer business model that has been integral to its rapid growth. For Unilever (ULVR.L), the acquisition marks an effort to recalibrate its portfolio by investing in categories with higher growth potential, particularly in the premium and natural personal care segments. This follows a series of strategic acquisitions aimed at bolstering its position in the fast-growing male grooming in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 hours ago
- Yahoo
Mystery $33 Billion Medicine Fortune Collapses in Days
(Bloomberg) -- When Yat-Gai Au was worth $33 billion on paper, he wasn't in his Hong Kong office. Philadelphia Transit System Votes to Cut Service by 45%, Hike Fares US Renters Face Storm of Rising Costs Squeezed by Crowds, the Roads of Central Park Are Being Reimagined Mapping the Architectural History of New York's Chinatown US State Budget Wounds Intensify From Trump, DOGE Policy Shifts One week later, when his net worth plunged to $10.1 billion, he wasn't around either. Officers at the headquarters of Regencell Bioscience Holdings Ltd said both times that Au only takes short visits there, before turning away reporters. The firm, a Nasdaq-listed, Cayman Islands-incorporated traditional Chinese medicine company, occupies the whole 9th floor of a tower in Hong Kong's bustling Causeway Bay, including a reception area with a large table-tennis table. Little is still known about the tiny, money-losing company whose shares exploded 82,000% higher and suddenly made Au, its chief executive officer with an 86% stake, richer on paper than some of the city's tycoons like Li Ka-shing. The fleeting nature of its rip-roaring rally has captivated and mystified observers from the US to Hong Hong. Morning Brew, a popular business account on X, flagged its stock move and wondered: 'Is there something I'm missing?' Regulators in the US, which closely monitor wild swings in stock prices, might soon be asking the same question, according to experts. The Financial Industry Regulatory Authority, the watchdog for broker-dealers, has repeatedly warned that small, cheap stocks are more susceptible to fraud. These companies can be targets for pump-and-dump schemes in which fraudsters inflate the stock price and quickly sell their shares. The US Securities and Exchange Commission, meanwhile, has been increasingly wary about companies listed on US exchanges that are based overseas — and Regencell checks both boxes. The regulator on June 4 called on the public to weigh in on whether the agency needed to amend the definition of what's called a foreign private issuer, potentially limiting the number of companies that qualify for special status that lets them avoid filing quarterly financial reports or disclosing when executives buy or sell company shares. 'This is an example of very unusual movements in share prices,' said Richard Harris, founder and chief executive of Port Shelter Investment Management in Hong Kong. 'These movements could certainly trigger interest by investigators.' The SEC and Finra declined to comment on whether they were monitoring Regencell's moves. Finra's mission is to protect investors and safeguard market integrity, spokesperson Rita De Ramos said. 'In line with that mission, Finra continues to monitor the market for unusual trading activity, as part of our normal course of action.' Regencell didn't respond to emails and phone calls for comment on its stock performance and its founder's fortune. The company's shares have retreated 74% from their peak, shrinking Au's stake to about $8.6 billion as of June 26. Founded in 2014, Regencell's main line of business is marketing and licensing traditional treatments for ADHD and autism spectrum disorder developed by the founder's father, Sik-Kee Au. It has exclusive rights over his traditional medicinal formulas, trademarked under the name Brain Theory. The firm posted net losses of $4.4 million and $6.1 million, respectively, for the fiscal years ended June 2024 and 2023, according to filings. Its chief medical officer position has been vacant since the last doctor to hold the job resigned in 2022. The younger Au attended the Haas School of Business at the University of California, Berkeley and worked at Deutsche Bank AG in the late 1990s. He suffered from learning disorders and speech problems, had poor grades and an uncontrollable temper, according to a video post on the company's Instagram account. Regencell's mission is to 'improve and save lives using a natural and holistic TCM formula to treat ADHD and ASD,' according to the same video. The company's official Instagram account has more than half a million followers. BeOne Medicines Ltd., the largest healthcare firm listed in Hong Kong, has just over 2,500. Regencell built out a following with the help of social-media campaigns on the platform that offered free tickets for Taylor Swift concerts in the US and Asia. The company's second-largest shareholder is Digital Mobile Venture Ltd., a firm ultimately owned by Taiwan's Samuel Chen and his wife Fiona Chang. Chen was an investor whose early investments in Zoom Video Communications Inc. made him a fortune when the company's stock soared almost 1,500% during the pandemic. Chen, Chang and their children own a 55% stake in Taipei-based Polaris Group, a biotechnology company developing anti-cancer drugs. He's also the biggest shareholder of Sonix Technology Co., a provider of integrated circuits listed in Taipei. Bloomberg News received no reply to emails sent to Polaris and Sonix seeking comments from Chen. While monitoring for wild price swings used to be done manually, the SEC and Finra now have programs to automatically detect market anomalies, according to Erik Gordon, professor at the University of Michigan's Ross School of Business. They can also compel companies to share if they know why their stock price soared or crashed or whether insiders cashed in at the peak. The absence of profits or revenues at Regencell isn't an automatic red flag; plenty of early-stage pharmaceutical companies have similar finances, he said. On June 18, two men and a woman arrived at Regencell's Hong Kong office seeking information about treatment for ADHD and dementia. They said they read about the stock's surge before arriving. The visitors were also turned away. An employee said its staff were not doctors, and directed them to the company's website. 'Early stage pharma companies can jump from a dollar to four dollars in 90 seconds if there's some news about one of their drugs under development doing well in a clinical trial,' Gordon said. In this case, 'what's interesting is there's no news.' --With assistance from Dylan Sloan. (Adds stock decline since peak and Yat-Gai Au's stake in 11th paragraph.) America's Top Consumer-Sentiment Economist Is Worried How to Steal a House Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Apple Test-Drives Big-Screen Movie Strategy With F1 Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags ©2025 Bloomberg L.P. Sign in to access your portfolio