Why are Chinese F&B brands flocking to set up shops in Hong Kong?
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 setting up shop in the city. CNA's Jojo Chan finds out, it's all part of a long-term strategy for global expansion.
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 setting up shop in the city. CNA's Jojo Chan finds out, it's all part of a long-term strategy for global expansion.
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