Why are Chinese F&B brands flocking to set up shops in Hong Kong?
ฝัง
- เผยแพร่เมื่อ 30 มิ.ย. 2024
- Many Hong Kong F&B businesses are struggling to stay afloat. Some blame it on lower tourist footfall, while others say, it's due to price conscious consumers heading across the border to Shenzhen, for cheaper offerings. The ones seen bucking that trend are mainland Chinese F&B chains, with more of them are setting up shop in the city. CNA's Jojo Chan finds out, it's all part of a long-term strategy for global expansion. Read more: cna.asia/45QCtrU
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Hongkie has been spoiled…rude and lousy services…now learn to compete 😅😅
Why are businesses doing business? Why are reporters asking questions?
Why was this video uploaded? Why does TH-cam exist?
hk is sinking, unless the landlord are willing to lower the rental
sound like something that market can sort it out by itself
Mainland food is definitely coming. Here in Malaysia, there are even hawker stalls serving Changsha BBQ, Yunnan over bridge noodles, Roujiamo burgers, water cooked dishes, meat pancakes, Uyghur kebabs, Hainanese coconut hotpot and surprisingly, Malay hawkers serving Lanzhou beef noodles. Mind you, these are just hawker stalls, not some fancy restaurants.... in Malaysia.
It's incredible that there were none just 5 years ago.
Is that Good or Bad ?
@@hindurashtra63 good I suppose... More variety of food unless you hate variety.
Some Chinese food not suit our taste bud, especially street food.
@@myoung1970s so far I have not seen them peddling on the street. All I have seen were in coffeeshops and food courts.
Yes, some of their food require some getting use to just like any new dishes. I still remember how horrible sushi was the first time I tried it. Now I love it. I still don't like Thai food though.
@@jon_nomad Erm, i mean China street food. They sell those in Malaysia right?
Some of them close shop after four to six months. People who eat these foods for the low prices in China don’t want to pay Hong Kong prices for them
A lot of Mainland Chinese chains are here in Chinese enclaves of NYC now as well.
Not just shops. I saw Minivans in hong kong had shenzhen restaurant Ads! So mainland chains setting up shops here can also be considered as marketing expense because once hong kongers become familiarised with these brands, they would choose to go to these restaurant chains when they travel to Guangdong.
She is beautiful
wonder anyone knows her ig
HK shops rental must drop rental prices and the HK food must improve for HK to survive or differentiate itself in some way since the Greater Bay Area shops are getting better and better.
Cos mainland got not enuf washing machine😂😂😂😂😂
they are also expanding businesses in South East Asia. In Indonesia, plenty have opened franchisee, which is good since they create jobs and richness in food option.
I don’t really think it’s taxation, HK had the most generous tax rate alongside countless small business business subsidies(more generous than ones would think according to tax revenue to welfare ratio)
I think one of the 2 paths would be either rate hike to kill some of the real-estates but mainland probably wouldn’t like it, had to follow the weak RMB(mostly political, also central bank of China have trouble counting their own data so sudden change in HKD might be more problematic than they think, but side effects might be HK and RMB system not as easy for money laundering into U.S dollar, makes it harder for XJP government to see who is trying to run…it’s not like they can do anything about it, most are doing legal legit business)
The other way might be private equity solutions for retail space, offering smarter more high end business just to match the price.
But hey, either way it’s real-estate price that gets in the way, all the Chinese saving consumers couldn’t budge in for mainland economy, so Hong Kong is sorta on its own.
Its just real-estate are way too high….then maybe cut down on energy bills then maybe HK can be gucci😊
Then of course zoning kicks in so inevitably to change all blamed on Hk government, glory to the CCP(don’t hack me Chinese government sponsored hackers, please and thank you!)
Same problem as Singapore?
Why isn't CNA reporting on these F&B shops setting up in Singapore too -- and spurred by our very-weak local spending economy?
CNA is royal to Singapore, 🎉you think? To me, it is looked more like it is having a master somewhere afar.
Wash money, Singapore market is way too small and rental and labour is enough to kill the business. 😂
It is common business people to go where they see opportunities. Nothing to do with any strategy for world domination. However Mc Donald and US coporations openly declare that type of behaviour and ambition.
HK can barely launder the CCP cash these days. And, a lot of global corporations have re-located to Singapore.
Singapore is a small country, consumers are limited. Who are the global companies that are relocating or just your crap assumptions.
@@limk8994 He's a laam chau ¢σ¢krσa¢h laaaa. He's just parroting the western narrative of collapsing mainland economy.
Don worry now they r changing the navigation to Malaysia..n it will b a dream come true for malaysians..
Once tat happens im afraid no more SGD1 to RM3 anymore..yaaay
No need come to sg to work..yaay😂😂😂
"Global" inevitably means "Western". Good luck descending into irrelevance as the East rises while Singapore continues down its path of being a comprador in service of Western interests to the detriment of the entire SEA region.
Has Singapore become a money laundering hub?
Simple and obvious answer is that China's F&B brands are way much larger such that they can spread their costs and risk a lot easier. HK local brands are just not competitive in every respect.
you know?
HELLO HONG KONG NO BUSINESS CAN SURVIVE WITH THE CONTINUING INCREASE OF RENTAL. 🙈🙈🙈
Could these shop are venue's for Chinese agents and syndicate .
No one complains against McDonald’s KFC, Starbucks but when China does it then not fair 😂😂
Lies again? School Hunk Face Book
too expensive to buy in the west.
Now is NEW HK, Fully Mainlandized💯
Jai Hind. Hongkies will not become hungry ghosts if they can eat like this
Great, now they can live in a normal apartment instead of a cage
Taiwan wake up and stand up. Just look at this newly HK cage.
Was bound to happen
Cna presenter is talking of political uncertainty. Was she hoping foreign agents of making trouble again in HK. What a cheap shot and weak in perspective.
CNA They should worry about their own homeless people first.
Where ? point it out so that help can be offer.
CNA = CNN or CIA?
Just go read Global Times & CGTN if you are so triggered for China news....
Where was she implying about "foreign influences/agents" here? This is CNA, not crappy CNN or Fox.
CNA rapidly covers many cogent similar viewpoints recently. But I have no clue what this interviewee is speaking, like AT ALL
Hong Kong is no more HKG. It's more mainland than China now😂😂
Jai Hind. We Indians are not going there because we are already undercapacity
Indiots should continue sucking up to your new white master yankee doodle dude.
Yet still hungry after becoming Ghost, better eat more while living
He is balabala seriously. But there is no point.
I have been to Hong Kong and China for the last 20 years, I was there last month, I don’t understand why any Chinese business would go to Hong Kong to compete…. It’s a guaranteed win. Compare with China, Hong Kong is rude service and very expensive, why wasting your money when you will be treated better at 1/2 price or more in China. Hong Kong citizens still believe they are British lol… they demanded the freedoms from China that they never had and will never be Chinese to China. I’m making this comment as a Canadian, sad for China….
We want you in Singapore ! mainland Chinese chains are the BEST!
The reporter should as k Why are Chinese F&B brands flocking to set up shops in Singapore?
otelli still as fine as ever
After 9% gst, lee, teo, Wong and Tharman suck
F&B? Singlish?
I clicked not because of the news.😅
While HK F&B may be losing local customers to next door ShenZhen, etc. HK, because of its unique SAR status (for now) is a loophole for China F&B businesses to go international without any risk of restrictions if they were to do it directly from mainland China itself. Therefore letting China to have its cake n eat it... until, or if, the world no longer recognises the separate n unique economic status of HK, n classifies HK as just another China city.
At least that's what i understand from this news.
And also I'm here for Otelli Edwards. 😂
你傻逼吧
America self defeating economic retreat, condolence to USA
That is one hot anchor
If bubble tea is not a necessity for me, why the heck would I pay double the price for it in Hong Kong? One thing the mainland F&B businesses don't really understand is Hong Kong consumer behavior.
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Good Hongkong mainland China one country development
Well the western nations brand had been branching out to the globe, Chinese people in China are just doing the same as the western nations. It's just business as usual, no worries. Consumer wants more choices 😂😂😂😂😂
Daym! She is fine!
hell yea
Wash money..😂
Porkies Malaysia
Mainland Chinese work hard just to earn a buck , they believe in volume, low price sales.
Didn't capitalists promise us that capitalism is the best system for consumers because competition will naturally drive down prices?
@@huhwhatjason
Western capitalism is Protectionism in disguise. Socialism is meritocracy economy.
@@huhwhatjason
Doesn't practice what it preached
@@BrandyHeng007 this practice will
Lead to dumping lol
Other countries will be affected
This the tarrifs even from Asian countries
Rejoice, HK would get to savor mainland delicacies like bat soup, fried pangolin and whatever dishes that might start another pandemic
Trolling aside, the mainland actually has many amenities familiar to hong kongers, and more. Western fast food chains, big box stores, bulk stores, etc. Travel infrastructure has improved enormously with multiple transport options such as trains, auto, and ferry options. Very advanced and impressive.
you are such a fool
Singapore's development into what it is now is also related to China's support for Singapore.
Where are you from? You make me feel like there are people with such low IQs like you in this world.
this host is hot
anyone has her ig?
Pure nonsense from cna
I've watched a dozen videos with this host and IMO she is really biased and unprofessional, especially with her hostility towards China. I will keep further insulting words to myself thank you.
Hk become like other China city. ❤ warming.
傻逼一个
More mainland migrants, more mainland f&b biz. Its only natural.
Because pap is the only incompetence party in chiba
cna is a singapore media? Can this media represent the views of Singaporeans?
😘😘😘💚💗💛❤