Heytea snaps up Mong Kok space as mainland Chinese brands step up Hong Kong expansion

Quick Summary:

New leases by mainland-based brands more than doubled in the first seven months of the year, according to JLL.

From 2021 to 2023, the brand’s top product – jasmine green tea with grapes and optional whipped cheese topping – sold more than 117.7 million cups, according to its website.

Meanwhile, estimated spending per overnight visitor is expected to shrink by as much as 16.4 per cent to HK$5,800 this year, from HK$6,939 in 2023.

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Article Details

Author / Journalist: Cheryl Arcibal

Category: Business

Markets: Hong KongAustraliaCanadaChinaJapanSouth KoreaMalaysiaSingaporeTaiwan

Topics: Cent Brands Kong Chinese City Year Mainland Market Retail According Hong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 08:30:12 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 635 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 22070497

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