Chinese craft beer maker RichKat taps into Hong Kong’s frothy market

Quick Summary:

Hong Kong’s retail market, which is undergoing a shake-up, has seen an influx of mainland Chinese brands taking advantage of the declining rents.

High-street rents in Hong Kong have fallen by about 30 per cent from a peak in 2019, according to CBRE.

Consumers in Hong Kong have a deeper understanding of craft beer and are more attuned to quality, she added.

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Article Details

Author / Journalist: Eric Jiang

Category: Business

Markets: Hong KongAustraliaChinaOman

Topics: Market Kong Richkat According Opened Hong Mainland Beer Cent Products Outlets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 11:37:24 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 652 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22163881

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