Hong Kong is a blend of east and west, that is making it one of the top cosmopolitan cities around the globe. High wealth concentration and fashion consciousness of the HK population give rise to the highest clothing and footwear spending worldwide. Being host to more than 50 million tourists annually, HK is the top destination for vacation. Excellent telecom and IT infrastructure of HK supports a favorable environment for e-commerce.
Here are given some HK stats related to ecommerce, giving clear indication of bright and growing future of online businesses.
- According to Census and Statistics Department of HK (2012), ICT sector brought HK$124 billion to the city’s economy, constituting 6.2% of the GDP.
- Internet’s contribution to HK’s economy would be HK$146 billion till the end of 2015, constituting 7% of the GDP.
- 8% of the total business establishments make use of internet in 2013.
- Ecommerce sales climbed up to HK$284.7 billion in 2012.
HK offers a well-established infrastructure for e-business startups. Internet censorship is low and broadband speeds are high, supporting ecommerce business growth. The HK population is fond of shopping, preferably with high convenience, thanks to smartphone revolution.
In Asian region, annual online sales accumulated to US$525.2 billion in 2014, and $6 out of every $10 come from China. Hence, ecommerce is the way to make money in Hong Kong. How different startups are paving their way on road to success? Here is given a brief detail of top HK startups. Read and gain spirit to step forward!
- BaoBae: Online Gift Shop
The site is home to more than a dozen designers and boutiques. This online gift shop offers items like stroller toys, furniture, books and the list goes on. The main purpose of the store is to link local gift designers with boutique retailers and both offer unique gift items for diverse age groups (from newborns to 10 plus years old).
- Konzepp: A Concept Store
It is basically a concept store, inviting creative minds of Hong Kong. It offers a space for collective work and a café. As far as ecommerce aspect of the site is concerned, it offers items related to furniture, clothing, eyewear, and technology. People visiting the space in real can shop, drink, and work as a team on some project. This ecommerce site is becoming popular among HK people engaged in group activities.
- BuyMeDesign: Online Shop For Designers
This website allows designers to present their work live for customers, make offers, track inventory, and orders from customers and suppliers. The site targets designers and online shops in Asia. There is an editorial section as well to share knowledge with interested readers.
- Shop des Createurs: Heaven For Talented Designers
This is a great place for dress designers in Asia to come up with exciting work and get appreciation from the customers. The website discovers emerging designers and new brands and promotes them online. There are more than 35 creative designers being promoted by Shop des Createurs. People, fond of fashion, can see what is new, know about the latest trends, new brands, and can shop online. Offering so many things at one spot is making this website popular among Asian community.
- Shopline: Create Your Online Shop In No Time
This online tool offers good support to the merchants who want to run their online store, but being not tech-savvy is a big hurdle. This website makes ecommerce store creation easier, without requiring the knowledge of coding. Other than quickly starting online shops and selling products to the prospects, this website also helps easier management through mobile or web. Its’ becoming the favorite choice of ecommerce startups
- LuxTNT: A Hand Bag Rental Platform
This HK-based ecommerce startup is meant to provide customers with branded hand bangs on rent. Brand conscious HK people sometimes cannot afford the price tags, so this website is a sigh of relief for them as they can get their favorite brand bag to attend a party or gathering. A simple order placement is required to deliver the bag at the customer’s destination. The website also offers registration and members can get branded handbags on rent for 3-30 days.
- Spoilt: A Voucher Selling Shop
It is an online platform focused at selling activities-based vouchers. The range of activities includes flying, driving, diving, outdoor, and many more. All the experience-based activities are picked up from Hong Kong. The good thing, making this website popular, is doorstep delivery of the gifts. Price guarantee tag makes this ecommerce startup growing speedily.
- iDecorateWeddings: A Unique Store For Wedding Planning
It is a wedding solution for brides and grooms of Hong Kong. This ecommerce store offers help in wedding planning process at one spot. Couples can select from available style packages and décor ideas. They can also create style boards to build a wish list item map. The website is becoming popular among HK people because of their inclination towards style and fashion.
Hong Kong is popular for its fashion and new trends. The travel lovers bring new ideas and lust for fashion from abroad. That is the reason many new ecommerce stores are dealing in this category successfully. Catering to the needs of local customers is the key to succeed and earn the desired return on investment. The above-mentioned startups are enjoying a speedy growth in Hong Kong, paving way for new merchants to think, plan, and execute their online functions.
What is your stance about an HK ecommerce store? Believe it, HK people love to spend online, and the trend is growing with every passing day. Start your store online, but hire expert web designers, web developers, and SEO professionals to make your web presence stronger and rewarding.
Happy Ecommercing in Hong Kong!
