Category: Retail & eCommerce

Hong Kong Watch & Clock Fair, Salon de TE attract nearly 15,000 buyers

  • Smartwatches remain at the top of the product-trend list

The physical exhibitions of the 42nd HKTDC Hong Kong Watch & Clock Fair and 11th Salon de TE, organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades & Industries Ltd, concluded successfully yesterday. Despite the interruption caused by the extreme weather conditions on Friday (8 September), the four-day physical fairs welcomed nearly 15,000 buyers from 95 countries and regions, bringing brisk trade to the fairgrounds. Under the EXHIBITION+ hybrid model, online exhibitions will continue until 16 September, providing additional opportunities for buyers to browse products and conduct business exchanges.

The 42nd HKTDC Hong Kong Watch & Clock Fair and 11th Salon de TE drew to a successful close yesterday. The World Brand Piazza showcased 10 top-tier watch brands, captivating visitors

HKTDC Deputy Executive Director Sophia Chong said: “As the world’s leading watch and clock fair, we are delighted to see more than 700 exhibitors attended our first watch and clock fairs since Hong Kong reopened. Many exhibitors even received orders on the spot. Buyers who attended the fairs were very international. There has been a satisfactory increase in attendance from Mainland China, Middle East and ASEAN countries which added to the fairs’ vibrancy.”

Exhibitors came from 17 countries and regions; the Swiss Independent Watchmaking Pavilion (SIWP) and Franceclat returned to the fairs while the International Luxury Group (ILG) made its debut. Together they showcased a variety of Swiss and international watch brands. ILG Chief Operating Officer Chavadi M.S said Salon de TE was an excellent platform for identifying business partners and OEM suppliers. “We have achieved very satisfactory results at the exhibition that far exceeded our expectations. We have identified Asia-Pacific retailers and distributors as potential business partners. The Hong Kong Watch & Clock Fair and Salon de TE are truly international. We will return next year.”

The debut ‘Guo Chao’ theme attracted much attention. A number of heavyweight Chinese watchmakers showcased timepieces that blend Chinese cultural elements with exquisite craftsmanship.

Survey: Respondents expect overall sales to grow in coming 2 years
To gauge watch and clock industry trends for next year, the HKTDC conducted an on-site survey during the fairs, interviewing about 900 exhibitors and buyers for their views on topics such as market outlook and product trends. The survey found nearly 60% of respondents expect overall sales to grow in the next two years. Most respondents consider South Korea, Australia & Pacific Islands, North America and Japan to offer the best growth prospects among traditional markets, while India, the Middle East, Mainland China and ASEAN countries are the most promising among emerging markets.

Smartwatches remain as top trend
In terms of product trends, 26% of respondents expected smartwatches to continue as the most popular watch category, followed by mechanical watches (22%), automatic watches (16%), and quartz analogue watches (14%). They consider fashion watches (34%), smartwatches (32%), and leisure type watches (23%) to have the highest growth potential in future.

Hong Kong’s Dayton Industrial Co., Ltd. has been in the watch business for more than 60 years and is a world-class smart analogue watch developer and manufacturer. Dayton Industrial Director Paul Anthony Yuen said the Hong Kong Watch & Clock Fair and Salon de TE are the world’s largest marketplaces for watches and clocks as well as parts and components. “The Wearable Tech Zone inside Salon de TE provides an important platform for us to promote our smartwatches and look for cooperation opportunities. We have connected with new buyers from France, Germany, Iran, Mainland China, Russia, Sweden and Turkey who are interested in our OEM and ODM services. We are also going to collaborate with a famous horologist to produce innovative hybrid smartwatches.”

All-new Scan2Match offered alongside Click2Match fosters business opportunities
Augmenting EXHIBITION+, the fairs launched the Scan2Match function, enabling buyers at the physical exhibition who scan the exhibitors’ QR codes with the HKTDC Marketplace app to bookmark their favourite exhibitors, browse product information and e-floor plans, make product enquiries and continue discussions online even after physical fair, extending the interactions from offline to online platforms.

Swiss exhibitor Ribawatch (Suisse) Sarl has participated in the Hong Kong Watch & Clock Fair since 2008. Marketing Manager Rami Taher said: “Due to COVID-19, we were unable to attend the physical fair last year. We are happy to be coming back this year and have high expectations. The HKTDC’s Click2Match service has helped us set up six business matching meetings. We have found a Turkish buyer who is interested in our OEM services and two buyers from France and India who want to be distributors of our Rama and RSW brands, respectively. I am confident in securing new orders through this fair. I expect the fair will generate US$1 million in sales for our company.”

Naouras Dabaan, COO of the Dabaan Group Co., a watch manufacturer and distributor in the United Arab Emirates, noted that he had visited the Hong Kong Watch & Clock Fair more than 10 times. “At this year’s fair, I have met with six new suppliers and 11 existing suppliers. So far, I have placed orders worth US$400,000 in total, with five watch suppliers. I am also going to place two new orders for complete watches worth US$100,000 as well as purchase US$25,000 worth of watch displays. The HKTDC’s Click2Match service is very useful, and the brand-new Scan2Match function provides the perfect means for me to collect exhibitor information.”

Following these two fairs, the HKTDC will hold the Hong Kong Electronics Fair (Autumn Edition) and electronicAsia from 13 to 16 October. Both fairs will also adopt the EXHIBITION+ hybrid model to help SMEs expand their businesses and capture business opportunities.

Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:
Frankie Leung, Tel: +852 2584 4298, Email: frankie.cy.leung@hktdc.org
Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org

Websites
– Hong Kong Watch & Clock Fair: https://hkwatchfair.hktdc.com
– Salon de TE: https://hkwatchfair.hktdc.com/te
– Photo download: https://bit.ly/3rfoJHb

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

CENTRESTAGE ELITES unveils spring/summer 2024 collections

REDEMPTIVE and FETICO shine on runway

Asia’s premier fashion event CENTRESTAGE, organised by the Hong Kong Trade Development Council (HKTDC) with Create Hong Kong (CreateHK) of the Government of the Hong Kong Special Administrative Region (HKSAR)* as the Lead Sponsor, is taking place from 6 to 9 September at the Hong Kong Convention and Exhibition Centre.

Joining last night’s CENTRESTAGE opening ceremony are (from L) Shirley Chan, Council Member of HKTDC; Hong Kong designer Wilson Choi; Margaret Fong, Executive Director of HKTDC; Kevin Yeung, Secretary for Culture, Sports and Tourism of the Government of the Hong Kong Special Administrative Region; Dr Peter KN Lam, Chairman of HKTDC; Katherine Fang, Chairman of the HKTDC Garment Advisory Committee; Japanese designer Emi Funayama; and Sunny Tan, Legislative Council Member

A major annual fashion extravaganza and CENTRESTAGE’s kick-off event, CENTRESTAGE ELITES was held last night on 6 September. It featured the spring/summer 2024 collections of Hong Kong designer Wilson Choi’s brand REDEMPTIVE as well as acclaimed Japanese designer Emi Funayama’s brand FETICO.

Last night’s gala drew an impressive array of industry insiders, celebrities and fashionistas, including Carlos Chan, Kevin Chu, Regina Ho, Alfred Hui, Rosita Kwok, Ali Lee, Phoebus Ng, Adam Pak, Sammy Sum, Shirley Sham and Kathy Yuen. Celebrity Hanna Chan, Hong Kong high jumper Cecilia Yeung and model Pete were the star models at the event, strutting down the runway wearing REDEMPTIVE and FETICO’s latest collection. Visit the following link to watch the show: https://www.youtube.com/watch?v=QKXxxT8ZmD4

REDEMPTIVE’s spring/summer 2024 collection, titled “OUT OF SERVICE,” takes a humorous approach in examining the challenges of modern life. It aims to inspire individuals to rediscover the beauty of life, embrace new opportunities and strike a balance between and seek freedom in their work and personal life.

FETICO’s spring/summer 2024 collection, named “Do Not Disturb,” emphasises the importance of embracing one’s authentic self, irrespective of gender, age or social status. In doing so, the collection advocates for women to enjoy freedom of living without interference.

CENTRESTAGE, which closes on Saturday, 9 September, features more than 240 participating brands from 19 countries and regions.

Fashion buyers and the public are welcome to attend the last two days of the fair on 8 and 9 September. Across the four days of the event, attendees can participate in more than 40 events, including fashion shows, forums and lucky draws.

Fair details
– Date: 6 to 9 September 2023 (Wednesday to Saturday)
– Venue: HKCEC
– Date & CENTERSTAGE opening hours
– 6-7 Sept (Wed – Thu) 10am-6:30pm Free admission for trade visitors
– 8 Sept (Fri) 10am-6:30pm Free admission for trade visitors and public visitors
– 9 Sept (Sat) 10am-5:30pm

Websites:
– CENTRESTAGE: www.centrestage.com.hk
– Fashion Hong Kong : https://www.fashionhongkong.com.hk/en
– Hong Kong Young Fashion Designers’ Contest (YDC): www.fashionally.com/zh-hk/
– Photo download: https://bit.ly/3Eux1hx

Media enquiries
For more information, please contact Best Crew Public Relations & Marketing:
Diana Tang, Tel: +852 3594 6443, Email: diana.tang@bestcrewpr.com
Reni Kwok, Tel: +852 3594 6443, Email: reni.kwok@bestcrewpr.com

Please contact the HKTDC’s Communication & Public Affairs Department:
Katy Wong, Tel: +852 2584 4524, Email: katy.ky.wong@hktdc.org
Janet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.org

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

About Create Hong Kong
Create Hong Kong (CreateHK) is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) in June 2009 to spearhead the development of creative industries in Hong Kong. From 1 July 2022 onwards, it is under the Culture, Sports and Tourism Bureau. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community.

*Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, Create Hong Kong, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.

Fashion extravaganza CENTRESTAGE opens today

  • Fusing fashion and art for 8th edition

The Asian annual fashion showcase, CENTRESTAGE, kicked off today and runs for four days at the Hong Kong Convention and Exhibition Centre. The first two days of the fair are exclusively dedicated to buyers, while the final two days, 8 to 9 September, are open to both industry professionals and the public.

The annual Asian fashion extravaganza, CENTRESTAGE, kicks off today at the Hong Kong Convention and Exhibition Centre. Numerous brands are unveiling their latest collections during the four-day exhibition.

The fair features exclusive retail offers and special promotions from various local and international brands and is an opportunity for buyers and fashion enthusiasts alike to stay updated with the latest fashion trends. The theme of this year’s fair Radiant Wellness aims to underscore the impact fashion can have on individual well-being.

CENTRESTAGE is organised by the Hong Kong Trade Development Council (HKTDC), with Create Hong Kong (CreateHK) of the Government of the Hong Kong Special Administrative Region (HKSAR)* as lead sponsor.

Now in its eighth year, CENTRESTAGE is an iconic fashion event in the Asia-Pacific region. With the reopening of the Hong Kong-Mainland China border, this year’s fair features increased participation of international brands. Its diverse line-up of over 240 brands represent 19 countries and regions. In addition to Hong Kong, they include Australia, Mainland China, France, Indonesia, Italy, Japan, Korea, Macau, Thailand, the United Kingdom, the United States and Vietnam.

Hong Kong brands showcased include REDEMPTIVE, Barney Cheng Couture, D’Orient by Dorian Ho, Sparkle by Karen Chan, IKA BUTONI, 112 mountainyam, Rickyy Wong Studio, Kowloon City Boy, SZMAN, Natacha Van, WHATEVER NEXT, and VDLM, each presenting their latest collections.

Other participating brands from different regions include FETICO (Japan), Pitattsu (Japan), SAMSARA (Japan), XAVAN (Vietnam), CHILLOSOPHY (India), and YINYANG (Korea).

A dazzling display of fashion’s captivating charisma
Throughout the four-day exhibition, an array of unmissable fashion shows is held daily.

The opening ceremony, officiated by Kevin Yeung, Secretary for Culture, Sports and Tourism of the Hong Kong SAR Government, kicks off CENTRESTAGE, followed by the CENTRESTAGE ELITES fashion show. At this event, the Spring/Summer 2024 collections of Hong Kong designer Wilson Choi’s high-end streetwear brand REDEMPTIVE and FETICO, a women’s retro fashion brand by Japanese designer Emi Funayama, are showcased. Celebrities Hanna Chan and Pete, and Hong Kong high jumper Cecilia Yeung grace the runway in the latest creations of these two talented designers.

CENTRESTAGE ELITES showcases the interconnectivity of the world of artificial intelligence (AI) and the real world, showcasing a fantastical journey of an AI fashion enthusiast.

This year, the Fashion Hong Kong Runway Show, featuring Hong Kong fashion designers, takes a cross-disciplinary approach. Dancers from the Hong Kong Ballet present the latest designs from four Hong Kong fashion brands: 112 mountainyam, ANGUS TSUI, DORISKATH, and SUN=SEN, offering a visual feast that combines fashion and contemporary ballet.

FASHIONALLY Collection #21 features seven local designer brands, including FromClothingOf, Lapeewee, MARCCH, MOODLABBYLORRAINE, NONOBO, VO-YAGE, and WHY. Three FASHIONALLY presentations showcase the latest works of three emerging local fashion labels: Kinyan Lam, the Hole, and IP AXIS.

The highly anticipated finale of the Hong Kong Young Fashion Designers’ Contest (YDC) 2023, a showcase of Hong Kong’s budding fashion talents, takes place on 9 September, with MINI Hong Kong as the lead sponsor for the seventh consecutive year. YDC 2019 winner Wilson Yip integrates sustainability, Big Love and inclusivity into his brand Wilsonkaki SS24 series for MINI and will perform together with the Hong Kong indie band The Hertz. The public can vote for the My Favourite Collection Award online before midnight on 8 September and be in with a chance to win one of five HK$3,000 Lee Gardens Area e-gift coupons. Voting link: https://bit.ly/YDC2023_VOTENOW.

Exploring Market Trends and Sustainable Development
A series of seminars are being conducted to delve into fashion trends and sustainable development of the fashion industry. The annual fashion summit organised by Jiemian News, a subsidiary of Shanghai Media Group, discusses the trends, challenges and opportunities for fashion, beauty and personal care brands in the new era of consumerism. Additionally, the “Partners for Progress” forum, hosted by the Hong Kong Research Institute of Textiles and Apparel (HKRITA), explores how cross-sector collaboration can drive innovation in the textile and garment industry, featuring insights from leading global clothing companies, such as TAL Apparel, ISKO, Fast Fish and the H&M Foundation.

This year’s exhibition once again incorporates a wealth of digital fashion elements. The venue features a Digital Fashion Interactive Zone highlighting a variety of fashion garments revolving around the fair’s theme of Radiant Wellness, including designs created by Hong Kong Design Institute students. Outfits incorporating the latest fashion trends by FASHIONALLY’s local young designers are also showcased.

CENTRESTAGE is held concurrently with the Hong Kong Watch & Clock Fair and Salon de TE organised by the Hong Kong Trade Development Council, offering attendees a one-stop opportunity to explore both branded fashion and renowned timepieces from around the world.

Additionally, the event will host the CENTRESTAGE X Watch & Clock Lucky Draw on 9 September.

Websites :
– CENTRESTAGE: http://www.centrestage.com.hk
– CENTRESTAGE Buyer online registration: https://bit.ly/44HE0OG
– Fashion Hong Kong: https://www.fashionhongkong.com.hk/en
– Hong Kong Young Fashion Designers’ Contest (YDC): https://www.fashionally.com/en/
– The HKTDC’s Media Room: http://mediaroom.hktdc.com/en
– Photo Download: https://bit.ly/484gbDB

Media enquiries
For more information, Best Crew Public Relations & Marketing
Diana Tang, Tel: +852 3594 6443, Email: diana.tang@bestcrewpr.com
Reni Kwok, Tel: +852 3594 6443, Email: reni.kwok@bestcrewpr.com

The HKTDC’s Communications and Public Affairs Department:
Katy Wong, Tel +852 2584 4524, Email: katy.ky.wong@hktdc.org
Janet Chan, Tel +852 2584 4369, Email: janet.ch.chan@hktdc.org

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

About Create Hong Kong
Create Hong Kong (CreateHK) is a dedicated office set up by the Government of the Hong Kong Special Administrative Region in June 2009 to spearhead the development of creative industries in Hong Kong. From 1 July 2022 onwards, it is under the Culture, Sports and Tourism Bureau. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community.

* Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, Create Hong Kong, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.

HKTDC Hong Kong Watch & Clock Fair, Salon de TE open today

  • Showcasing exquisite timepieces from across the globe, Salon de TE will be open to the public for the last two days

The 42nd HKTDC Hong Kong Watch & Clock Fair and 11th Salon de TE, organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades & Industries Ltd, have returned with great acclaim. The fairs assemble more than 700 exhibitors from 17 countries and regions. Adopting the EXHIBITION+ hybrid model, the physical exhibition will take place at the Hong Kong Convention and Exhibition Centre (HKCEC) for five consecutive days starting from today (5 to 9 September). The fairs will be open to trade visitors, and for the last two days (8 to 9 September) Salon de TE will also be open to admit the general public. Online exhibitions will continue until 16 September, providing the watch industry a business platform that goes beyond time and geographical limit.

The 42nd HKTDC Hong Kong Watch & Clock Fair and 11th Salon de TE opened today.
Sponsored by Prince Jewellery & Watch for the 13rd consecutive year, the World Brand Piazza at Salon de TE showcasing 10 world-class watch brands.

Showcasing the essence of Guo Chao design
Salon de TE brings together numerous internationally renowned watch brands. This year, the event introduces a new theme on Guo Chao, featuring several heavyweight Chinese watchmakers who display timepieces that blend Chinese cultural elements with exquisite craftsmanship. Among them are Ma XuShu, a watchmaking master and member of the Academie Horlogere des Createurs Independants (AHCI), Logan Kuan Rao, a highly anticipated young independent watchmaker, Wei Guang Wen, a specialist in the development and production of Guangzhou clocks, and Huo Feile, the first and only independent watchmaker from Macao. Mr Kuan will present the ‘Bingshan’ (Iceberg) watch, equipped with a patented escapement design developed in-house. This patent has been included in reference material in Swiss watchmaking schools and is the only Chinese patent featured in the book. The new work of another Chinese independent watchmaker Lin Yonghua, the Lucky Harvey Dragon watch, will also be displayed in the fair. This watch is one of the contestants for the “Men’s Watch” at the 23rd Grand Prix d’Horlogerie de Geneve (GPHG), revealing the perspective of China’s high-end watchmaking.

An increased participation of brands in the Wearable Tech zone; World Brand Piazza showcases world-class timepieces art treasures

Salon de TE’s five main themed zones: World Brand Piazza, Chic & Trendy, Craft Treasure, Renaissance Moment and Wearable Tech present more than 130 renowned watch brands from countries such as France, Switzerland, Italy and the United States. The Wearable Tech zone has tripled in size as compared with 2019, displaying a range of smart watches and the latest technological brands, including Microwear, DTNO.1, I DO, MYZI and more.

The World Brand Piazza, sponsored by Prince Jewellery & Watch for the 13th consecutive year, showcases 10 top-tier watch brands, including Bovet, Carl. F Bucherer, Corum, CVSTOS, DeWitt, Franck Muller, Jacob & Co., Kerbedanz, Parmigiani Fleurier and Sarcar Geneve.

Select timepieces being showcased at the two watch shows include:

  • The Swiss Independent Watchmaking Pavilion (SIWP) presents Amarildo Pilo’s personal brand, Pilo & Co, featuring the new Extraneo series. It incorporates a patented arrow-shaped hollowed hand design that adjusts its length according to minute or hour indications, a unique and original design.
  • Swiss brand COINWATCH unveils the C210 COINOGRAPHER watch, combining exquisite Swiss craftsmanship with an environmental concept. The watch case is made from recyclable natural fibres, while the strap is crafted from specially treated apple peel, emphasising sustainability.
  • Danish brand Obaku introduces an octagonal timepiece in a classic blue and rose gold colour scheme. The series features high-quality stainless-steel construction with an ultra-thin design, and the mesh bracelet adds a touch of fashion.
  • BONIA, a Singaporean brand, showcases women’s watches with unique horseshoe-shaped cases paired with mother-of-pearl dials, a fashionable choice for either office wear or evening functions.
  • DTNO.1 from Mainland China debuts with the DT5 Sport sports watch, offering more than 100 sports modes and upgraded training programmes. Users can customise personal fitness plans.

Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) Watches
The Hong Kong Watch & Clock Fair also showcases a wide range of products through its eight dedicated zones. Pageant of Eternity features high-end Original Equipment Manufacturing (OEM) and Original Design Manufacturing (ODM) watches, while other thematic zones include finished watches, clocks, smartwatches (OEM manufacturing), machinery and equipment, parts and components, packaging products and trade services, offering buyers a one-stop sourcing platform.

Hall-of-Fame industry representatives analyse watch industry trends and prospects
The fairs also host forums, seminars and networking events to keep industry professionals informed on market trends and insights. The Hong Kong International Watch Forum held this afternoon has invited representatives from watch associations in Mainland China, France, Germany, Japan, Korea and Switzerland to discuss regional trade performance and global outlook.

The annual Asian Watch Conference tomorrow (6 September) will delve into sustainable development in watch design, the latest trends and future directions to inspire new ideas under the theme Shaping the Future of Watch: The Next Design Trends. Speakers include market research analyst Anna Dai from Euromonitor International (Hong Kong), Zhang Jianmin, the founder & president of Shenzhen CIGA Design Co., Ltd., and independent Swiss watchmaker Olivier Savelli.

In response to the industry’s interest in the Greater Bay Area market, the Embark on a New Journey: Merging Greater Bay Area & Overseas seminar on Thursday 7 September will feature Wing Chu, Section Head of Special Project & Business Advisory at the HKTDC, examining GBA watch industry opportunities from a marketing strategy perspective. On the same day, watch collector Noel Wong and watch culture expert and founder of Watch Traveler magazine William Bai will share their insights on affordable luxury watch trends.

The 40th Hong Kong Watch Design Competition, jointly organised by the HKTDC, Hong Kong Watch Manufacturers Association Ltd and Federation of Hong Kong Watch Trades & Industries Ltd., features Open Group and Student Group awards with the themes The Beauty of Perspective and Game Code respectively. All award-winning and shortlisted entries are on display at the Watch & Clock Fair, with the award ceremony scheduled for Saturday 9 September at the Infinite Galaxy of the fairground, with celebrity judge Jessica Hsuan in attendance.

Debut Scan2Match extends online connection with exhibitors
The EXHIBITION+ hybrid model ensures participants can join online as well as physically, with an extended fair period. HKTDC introduces a brand-new offline-to-online function “Scan2Match”, allowing buyers at the fairs to scan exhibitors’ unique QR codes using the HKTDC Marketplace App, to bookmark favorite exhibitors, browse product information and interactive floor plan, make enquiries and continue online chat with exhibitors during or after the exhibition period.

Engaging Activities for the Public to Win Luxury Watches and Fashion Accessories
The last two days of Salon de TE (8 and 9 September) will be open to the public aged 12 and above. The fair will feature various exciting activities, including watch parades, watch and painting demonstration, embroidery watch craftsmanship demonstration and product launches by watch brands and more. Visitors can also participate in lucky draws for a chance to win exquisite gifts, including a watch valued at HK$18,000, fashion accessories and dining vouchers. In the Smart Bidding section, participants will have the opportunity to bid for desired timepieces starting from one-tenth of their original price, including Remak’s Diamonds from $2,600 (original price $26,000), and ZEROO T4 by ZEROO TIME from $2,390 (original price $23,900). Some exhibits will be put up for sale on-site, so the public will be able to purchase their favourite watches at special price.

From 6 to 9 September, the fairs will be held concurrently with CENTRESTAGE, bringing together fashion brands and designer collections from around the world to create synergy. Visitors will have the opportunity to explore the latest products from more than 370 watch and fashion brands at the same time.

Export performance of Hong Kong watches and clocks:
2022 (total value) | Change year on year | Jan-July 2023 (total value) | Change year on year
HK$54.78 billion | -8.4% | HK$31.62 billion | -1.6%

Websites
– Hong Kong Watch & Clock Fair: https://www.hktdc.com/event/hkwatchfair/en
– Salon de TE: https://www.hktdc.com/event/te/en
– Photo download: https://bit.ly/3OX1r0I

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:
Frankie Leung, Tel: +852 2584 4298, Email: frankie.cy.leung@hktdc.org
Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org

Hong Kong: Gateway to GBA business opportunities

  • “Think Business, Think Hong Kong” Paris provides insights for French businesses to capture opportunities in GBA and Asia

As part of the second largest economy in the world, the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) with a population of 86 million is a new driver of Hong Kong’s economic development and an ideal springboard for international companies to enter the Mainland China market.

HKTDC will take its mega promotion campaign, Think Business, Think Hong Kong, to Paris on 19 September.

The Hong Kong Trade Development Council (HKTDC) will take its mega promotion campaign, Think Business, Think Hong Kong, to Paris on 19 September. The event will explore the current market landscape of the GBA and its interconnectivity with Mainland China.

Prominent business leaders will share their successes and insights on how French and European companies can capture the vast opportunities in the GBA by leveraging the Hong Kong platform. They include Mr Laurent Doucet, Vice President of the China Committee of The French Chamber of Commerce and Industry in Hong Kong and Partner of Roland Berger, Ir Andrew Young, Associate Director (Innovation) of Sino Group, Mr Nicolas Vanderchmitt, Partner and Head of Hong Kong Office of LPA-CGR Avocats, and Ms Delphine Lefay Dultzin, Co-Founder & CEO of OnTheList.

The GBA has emerged as a global hub for innovation, with rapidly evolving breakthroughs in finance and healthcare. Thematic sessions on these hot topics, including green finance and sustainability, will be held. Innovative global business leaders will share their insights, including representatives from the Hong Kong Science and Technology Parks Corporation, Hong Kong Monetary Authority, Moody’s Investors Service, Credit Agricole Corporate and Investment Bank, J.P. Morgan, Hong Kong Exchanges and Clearing Limited as well as start-ups.

At the event, Dr Peter K N Lam, HKTDC Chairman, Mr Paul Chan, Financial Secretary of the HKSAR, and Mr Olivier Becht, France’s Minister for Foreign Trade, Economic Attractiveness and French Nationals Abroad will deliver opening remarks at the symposium.

There will be extended networking activities, with Hong Kong SAR Government officials and business leaders from across sectors, including technology, finance and professional services, taking part in the programme. One-on-one business consultations, on-site business matching with French companies as well as the Hong Kong Dinner provide many opportunities for the business communities of France and Hong Kong to connect.

Strong France-Hong Kong ties
France is a close trading and investment partner to Hong Kong. In 2022, it was Hong Kong’s third largest trading partner within the EU. Regarding bilateral investment, France was the largest EU investor in Hong Kong at the end of 2021, with Hong Kong ranked as the fifth most popular destination for French investment in Asia. Hong Kong investors have also made substantial investments in France, with the city the third largest Asian investor in the country. In terms of commercial presence, France ranked just behind Germany among EU members in the number of companies established in Hong Kong. As of 2022, there were 365 French companies in Hong Kong.

Hong Kong an ideal business partner
Hong Kong has consistently ranked highest on economic freedom and competitiveness. Its institutional strengths, including the free trade and investment regimes, a simple and low tax system and free flow of capital and goods offer a favourable business environment for investors.

Beyond trade and finance, Hong Kong offers exciting prospects in innovation and technology (I&T) for French start-ups. Entry into or expansion in Mainland China as well as conducting joint research can help French enterprises further grow their business. With its aim to create an I&T new hub of 30,000 hectares, Hong Kong’s Northern Metropolis project also offers many opportunities, which will be highlighted at the symposium.

Hong Kong’s strategic location as an international financial, fundraising and investment hub and as the international gateway between Mainland China and the rest of the world presents immense opportunities for French companies seeking to expand in the GBA, Mainland China, Belt and Road countries and ASEAN.

For more information, visit:
https://thinkbusinessthinkhk.com/2023-paris/symposium/en/index.html

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Media enquiries
HKTDC’s Communication & Public Affairs Department:
Snowy Chan, Tel.: +852 2584 4525, Email: snowy.sn.chan@hktdc.org

Mainland businesses look to Hong Kong to secure global success

HKTDC survey reveals why companies ‘go out’ to the Belt and Road and RCEP via Hong Kong

Some 90% of Mainland China-based companies planned to expand their level of international business activity in the next one to three years, in line with the national drive to “go global”. This commitment was highlighted in Hong Kong as the Premier Platform for Mainland Companies to Expand to BRI and RCEP Markets, a major survey released today (5 September 2023) by the Hong Kong Trade Development Council (HKTDC).

Wing Chu, Principal Economist (Greater China Research Team) of HKTDC (left); and Irina Fan, Director of HKTDC Research

More than 70% of these firms focused on countries that were Regional Comprehensive Economic Partnership (RCEP) signatories or Belt and Road Initiative (BRI) beneficiaries. Tellingly, the findings also showed that more than 60% of mainland enterprises preferred engaging Hong Kong-based professional service providers to ensure successful international expansion.

Commenting on the survey findings, Irina Fan, Director of HKTDC Research, said: “This survey more than confirms Hong Kong’s status as a ‘super-connector’, one uniquely well-positioned to help mainland companies make good on their global expansion plans. Within the shifting global economic landscape, Hong Kong’s well-established business platform remains a preeminent resource. The city’s extensive array of premium financial and professional services and comprehensive international network make it the perfect partner for any business looking to optimise its outcomes within the RCEP region, along the BRI routes or, indeed, pretty much anywhere else in the world.”

Expanding on the survey’s findings, Wing Chu, Principal Economist with HKTDC Research, identified four key areas in which mainland businesses planned to expand overseas operations. Mr Chu, who heads the Greater China Research Team and had overall responsibility for the survey, said: “The four priority expansion areas appear to be logistics and transport, as singled out by 28.8% of respondents, marketing and sales (26.9%), factories (23.3%) and overseas procurement (15.9%).

“Drilling down into the findings, the survey also shows that 62.1% of expansion-minded mainland companies favour Hong Kong as a source of professional-service support, while only 47.7% would opt for mainland service providers. In more specific terms, most Greater Bay Area-based businesses designated Hong Kong as their preferred service provider locale, while their Yangtze River Delta counterparts divided their needs more or less evenly across Hong Kong and Shanghai.”

Responding to another finding, which showed 83.9% of survey participants were driven to expand internationally by concerns over long-term viability of their traditional markets, Ms Fan said: “Geopolitical tensions, falling demand and economic uncertainties have all reduced confidence in many of the traditional overseas markets. As a result, 71.6% of expansion-oriented mainland businesses are targeting one or more of the 14 overseas RCEP member nations, while 64.3% expressed interest in venturing into the emerging markets along the routes of the BRI and beyond, including those located in the Middle East, Central and Eastern Europe, South America or Africa.”

Survey methodology and remit
Between May and July this year, HKTDC Research surveyed 791 mainland enterprises operating primarily in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the Yangtze River Delta region. The survey had two primary objectives – improve understanding of the overseas expansion plans of participating businesses and build up a clearer picture of diverse challenges they face.

To gain a wider perspective, HKTDC Research also conducted in-depth interviews with recognised experts in many of Hong Kong’s professional service industries, including representatives of the legal and financial sectors. The consensus was that the many areas in which Hong Kong could boost outward-bound mainland businesses included negotiating with overseas partners; overseeing legal, investment and general business arrangements; financing arrangements, providing project valuations and meeting due-diligence obligations, as well as assisting with tax planning, risk management and compliance with overseas regulatory requirements. It was also noted that Hong Kong offered exemplary international and regional logistics services and possessed unrivalled expertise when it came to ensuring products / services complied with a wide range of overseas standards and legal obligations.

The Eighth Belt and Road Summit
To fully capitalise on the many emerging BRI opportunities and celebrate the 10th anniversary of the programme, the eighth edition of the Belt and Road Summit, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the HKTDC will take place at the Hong Kong Convention and Exhibition Centre (HKCEC) on 13 and 14 September (Wednesday and Thursday) The Summit fully aligns with the objectives of China’s 14th Five-Year Plan, which emphasises the key roles Hong Kong and Macao are set to play in the ongoing rollout of this vast infrastructure development and trade facilitation programme.

The Belt and Road Summit will assemble more than 80 key officials and business leaders from many of the countries and regions along the BRI routes, as well as investors, project stakeholders, operators and service providers from around the world. Together, they will provide an overview of the programme’s landmark achievements throughout the past decade and detail many related future investment and business opportunities, while showcasing the unique benefits of the Hong Kong platform.

References
– HKTDC Research Portal: https://research.hktdc.com/en/
– Hong Kong as the Premier Platform for Mainland Companies to Expand to the BRI and RCEP Markets [Only Chinese versions are available]: https://research.hktdc.com/tc/article/MTQ3MTQ1NjU4OA
– Photo Download: https://bit.ly/47XHeAz

The Eighth Belt and Road Summit
Date: 13 and 14 September 2023 (Wednesday and Thursday)
Venue: Hall 5B-E, Hong Kong Convention and Exhibition Centre, Wan Chai
Remarks: Video and audio recordings at the forum should be used only in the context of media reporting
Media Registration: Please contact awong@yuantung.com.hk or ayiu@yuantung.com.hk for media registration
Websites:
– Belt and Road Summit: https://www.beltandroadSummit.hk/conference/bnr/en
– Programme: https://www.beltandroadSummit.hk/conference/bnr/en/programme
– Speaker list: https://www.beltandroadSummit.hk/conference/bnr/en/speaker

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Media enquiries
Yuan Tung Financial Relations:
Anson Wong, Tel: +852 3428 3413, Email: awong@yuantung.com.hk
Louise Song, Tel: +852 3428 5691, Email: lsong@yuantung.com.hk
Agnes Yiu, Tel: +852 3428 5690, Email: ayiu@yuantung.com.hk

HKTDC’s Communications & Public Affairs Department:
Jane Cheung, Tel: +852 2584 4137, Email: jane.mh.cheung@hktdc.org
Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.org

HKTDC Hong Kong Watch & Clock Fair, Salon de TE open in September

  • Parallel events gather 700 global exhibitors highlighting Guo Chao-themed timepieces

The 42nd HKTDC Hong Kong Watch & Clock Fair and 11th Salon de TE – jointly organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades and Industries Ltd – is set to welcome more than 700 global exhibitors from 17 countries and regions. Under the EXHIBITION+ hybrid mode, the physical fair will run from 5 to 9 September at the Hong Kong Convention and Exhibition Centre (HKCEC). Salon de TE will open its doors to both industry buyers and the public on the final two days (8 and 9 September). From 29 August to 16 September, exhibitors and buyers from across the world can engage in online and offline meetings through the AI-powered Click2Match smart business-matching platform.

Introducing highlights of the fairs at a press conference today are Sophia Chong, HKTDC Deputy Executive Director (centre), Stanley Lo (R) and Amy Chow (L), Co-chairmen, HKTDC Hong Kong Watch & Clock Fair Organising Committee 2023

Watch and clock industry outlook improves
The globally renowned Hong Kong Watch & Clock Fair has consistently served as an effective platform for the industry to secure orders and establish business connections. Sophia Chong, HKTDC Deputy Executive Director, said: “Last year, Hong Kong’s total export value of watches and clocks reached almost HK$54.8 billion (US$7 billion). From January to July this year, the export value amounted to HK$31.62 billion. Meanwhile, Hong Kong remains the world’s largest wristwatch import market and the second-largest wristwatch export market, following Switzerland. The watch and clock export index has risen from 47.5 in the first quarter to 48.8 in the second quarter, indicating improved sentiment among Hong Kong’s watch and clock exporters.

Sophia added that the HKTDC has been committed to bringing new elements to the fairs. Hong Kong Watch & Clock Fair exhibits are more diversified this year to serve changing industry needs. This year also welcomes a first-time exhibitor from Greece and Dubai, and will feature Guangdong, Guangzhou and Taiwan pavilions, hoping to create business opportunities for the industry.”

Showcasing Chinese design excellence
Salon de TE, dedicated to showcasing internationally renowned watch brands, will feature five thematic zones: World Brand Piazza, Chic & Trendy, Craft Treasure, Renaissance Moment, and Wearable Tech. These zones will present more than 130 prominent watch brands and designer collections from France, Switzerland, Italy, the United States and more.

The debut Guo Chao theme welcomes several remarkable mainland watchmakers. They will showcase timepieces that intricately blend Chinese cultural elements. Ma XuShu is a highly respected independent watchmaker from Mainland China and an Academie Horlogere Des Createurs Independants (AHCI) member. He will present his masterpiece Starry Night wristwatch, a silver-award-winning timepiece at the 1st China (Blue Light Cup, Zhangzhou) Watch Design Competition. The watch features a dial with a retractable pointer indicating both hours and minutes, while the back depicts the starry night sky over Beijing, with “Beijing starry sky” engraved. Another watchmaker Wei Guang Wen will showcase Guangzhou clocks, a timepiece of historical, cultural and artistic value. Inspired by the classic Guangzhou clocks style from the Qianlong period (mid-to-late 18th Century), the clock features three sub-dials and chimes every hour, accompanied by various rotating designs, making it a truly timeless piece.

Exquisite craftsmanship from independent Swiss watchmakers
Swiss Independent Watchmaking Pavilion (SIWP) and Franceclat are returning this year, together with a debut by the International Luxury Group, presenting a range of Swiss and international watch brands, including H992, Pilo & Co, Adriatica, Epos and Ollivier Saveo, showcasing unique designs and delicate artisanship. The H992 was founded by Thierry Heiniger with H representing the spirit of hours and humanism, while 992 is the altitude of La Chaux-de-Fonds, birthplace of the brand, at 992 metres above sea level. The collection will be available in a 992-piece limited edition. Amarildo Pilo, another Swiss watchmaker, will present Pilo & Co, unveiling the Extraneo series. The hand-length changes with the indication of minutes or hours, a patented design.

World Brand Piazza – luxury showcase
Sponsored by Prince Jewellery & Watch for the 13th consecutive year, the World Brand Piazza remains a fair highlight. This year it will feature an impressive lineup of 10 international watch brands, including Bovet, Carl. F Bucherer, Corum, CVSTOS, DeWitt, Franck Muller, Jacob & Co., Kerbedanz, Parmigiani Fleurier and Sarcar Geneve. The zone will showcase an exclusive selection of luxurious and rare timepieces. Bovet, a Swiss brand, presents the Recital Grand Recital Tourbillon timepiece, which features a celestial display resembling an astronomical instrument showing the sun, moon and earth. Priced at HK$4.959 million, just 60 pieces are available. Jacob & Co., in collaboration with the French sportscar brand Bugatti, introduces the Jacob & Co. X Bugatti Chiron Tourbillon timepiece. The movements of this watch, meticulously designed over a year, comprise 578 components and simulate the operation of a sportscar engine, priced at HK$3.2 million.

Wearable tech, classic to fashionable elements
At Salon de TE, Wearable tech zone this year has tripled its exhibiting area compared to 2019, displaying a series of smart watches and the latest technology brands, including Microwear, DTNO.1, DO and MYZI etc.

Other international timepiece brands will present wristwatches of different styles and personalities. Highlighted timepieces include:

  • Swiss brand ROMAGO launches its collaboration with Snoopy for this season with the Bluebird’s Egg Blue Rotating Disc Watch.
  • A limited-edition Mermaid Tourbillon by Hong Kong brand Memorigin, with just 100 pieces worldwide. The watch has a hollow design that reveals the sea-blue ripple pattern, highlighting the oceanic theme.
  • First-time exhibitor King-Wear from Mainland China will feature one-touch Bluetooth pairing for calls, built-in music and video playback, body identification sensors and more than 100 sports modes.
  • Young watchmaker Ricky, cultivated by Hong Kong brand ANPASSA, has made his own tourbillon, a creative work described as a 15-year-old dream.

Pageant of Eternity showcases high-end OEM and ODM watches
The Hong Kong Watch & Clock Fair includes eight zones. The Pageant of Eternity zone showcases OEM and ODM high-end complete watches. Other product zones cover clocks, machinery and equipment, parts and components, packaging, and trade services.

Scan2Match, EXHIBITION+ expands networking opportunities
In addition to EXHIBITION+, the fair will also launch the Scan2Match function, which brings communication from offline to online. Buyers can use the HKTDC Marketplace app to scan exhibitors’ QR codes during the exhibition period, bookmark their favourite exhibitors, browse product information and the e-Floor plan, and continue to chat with exhibitors online during or after the exhibition period, extending their sourcing journey.

Forums, seminars, watch parades and networking events will provide first-hand market information. At the Hong Kong International Watch Forum on 5 September, watch association representatives from all over the world – including Mainland China, France, Germany, Japan, Korea and Switzerland – will discuss the global trade situation and industry trends.

Global market research agency Euromonitor International will discuss sustainable watch design development around this year’s theme Shaping the Future Watch: The Next Design Trends at the Asian Watch Conference on 6 September. Zhang Jianmin, the founder of the renowned watch brand CIGA Design, and Ollivier Savelli, a Swiss Independent Watchmaker, are invited to share their design inspirations and experience in watch design, delving into the latest trends and future directions of watch design.

On the same day, Noel Wong, a watch collector, and William Bai, a watch culture expert and founder of Watch Traveler, will discuss affordable luxury watch prospects, a hot topic among celebrities.

To cultivate a new generation of watch designers and technical talents and promote the innovation and development of watch design, the HKTDC, Hong Kong Watch Manufacturers Association Ltd and Federation of Hong Kong Watch Trades & Industries Ltd jointly organise the 40th Hong Kong Watch & Clock Design Competition. The competition has two categories – The Beauty of Perspective for the Open Group and Game Code for the Student Group. Artist Jessica Hsuan was invited as a guest judge this year. Award-winning works and finalists will be exhibited during the Watch & Clock Fair, and the award ceremony will be held on 9 September at the Infinite Galaxy in Hall 3FG of the fairground.

Interesting events, lucky draws, shopping discounts
Salon de TE will be open to the public aged 12 and above on 8 and 9 September. Exciting activities will include watch parades, watch and painting demonstrations, embroidery watch crafts, product launches and more. Visitors can participate in lucky draws, with prizes including luxury watches, fashion accessories, dining vouchers and more. They can also join Smart Bidding to bid on their desired watches starting at as much as 90% off the retail price. Some exhibits will be available for on-the-spot sale.

In addition, Asia’s premier fashion event CENTRESTAGE will be held from 6 to 9 September at the HKCEC, assembling designer brands from around the world to create synergies. Visitors can view the latest products of more than 350 watch and fashion brands at the same time.

Export performance of Hong Kong watches and clocks:
2022 (total value) | Change year on year | Jan-July 2023 (total value) | Change year on year
HK$54.78 billion | -8.4% | HK$31.62 billion | -1.6%

Websites:
– Hong Kong Watch & Clock Fair: https://www.hktdc.com/event/hkwatchfair/en
– Salon de TE: https://www.hktdc.com/event/te/en
– Photo download: http://bit.ly/3qNvBvn

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:
Frankie Leung, Tel: +852 2584 4298, Email: frankie.cy.leung@hktdc.org
Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org

Verofax’ Transformative Brand & Retail Martech Solution achieves FTR approval on Amazon AWS Marketplace

Verofax, an award-winning Brand & Retail Martech solution provider, has been awarded AWS’ Full Technical Review (FTR) and approved for Amazon’s AWS Marketplace. As a result, Verofax services will now be available directly for retail and for global brands on the Marketplace, leveraging the unparalleled capabilities of AWS, and turning brand managers into advocates.

Verofax wins The Artificial Intelligence Award at the Rocket Fuel Startup Competition during LEAP 2023 in Riyadh, Feb 21, 2023.

Specializing in brand-customer direct engagement by transforming products into a brand’s greatest marketing channel with patented technologies such as computer vision, Artificial Intelligence (AI) and product digitization, Verofax enables a direct, seamless connection to customers and accesses first-party, real-time customer data to offer personalized brand experiences. The result: brands are able to reduce their cost of customer acquisition, increase promotional marketing ROI (conversion rate) and improve brand loyalty (NPS).

With the AWS FTR approval, Verofax’s advanced solutions have received the seal of validation and endorsement from AWS Solutions Architects. This recognition showcases Verofax’ commitment to delivering exceptional performance, security, and scalability with their Brand, ‘Asset management and traceability platform,’ and Retail, ‘Verofax omni channel retail automation solution,’ worldwide.

Brands that are choosing innovation in working with Verofax benefit from a range of advantages, circumventing traditional marketing channels and elevating customer acquisition rates by up to 60% with costs reduced 20-fold when compared to online Ads. Verofax successfully partners with renowned Fortune 100 brands, including industry giants like Budweiser & Corona, to power global marketing campaigns and create attractive direct-to-consumer experiences.

Rodrigo Cabaleiro, Global Director of Premium Brands, AB InBev said, “Verofax’ solution for interactive packaging improved acquisition and engagement during our FIFA World Cup promotion. By turning our products into a direct-to-consumer communication channel we observed higher ROI on promotional marketing and better data-driven decisions.”

Moreover, Verofax empowers brands with refreshingly new consumer insight from point of purchase through modality of engagement and the entire customer life-cycle. By leveraging this invaluable, previously unreachable data, brands can deliver exceptional marketing strategies, customer experiences, focus on building unwavering loyalty, and achieving unparalleled commercial success.

“We are incredibly proud to have achieved AWS Full Technical Review (FTR) status, which further solidifies Verofax’ position as a leading provider of martech solutions. Collaborating with AWS has been instrumental in our journey, and this approval underscores the exceptional capabilities and performance of our software services. Together with AWS, we look forward to delivering unparalleled benefits to our enterprise clients by increasing Marketing ROI, enhancing customer satisfaction, and turning operations data-driven in real-time,” said Wassim Merheby, CEO of Verofax.

Amazon’s comprehensive FTR approval involves a rigorous assessment of Verofax’ (AWS) architecture, infrastructure and software usability, helping to prove why Verofax is the partner of choice for unlocking revolutionary marketing potential, achieving unmatched cost optimization, and delivering exceptional and unique customer experiences.

Verofax on Amazon’s AWS Marketplace:
https://aws.amazon.com/marketplace/seller-profile?id=3f648a7a-3bfe-485d-8e1d-8c967f3f2e4b

About Verofax
Verofax is the leader in product digitization, providing innovative solutions that empower brands, retailers, and governments to secure supply chains and transform customer engagement. Utilizing latest technologies such as blockchain and AI, Verofax offers a comprehensive suite of tools, immersive omni-channel consumer engagement and compliance validation. By leveraging the Verofax solution, brands can ensure supply chains are compliant and sustainable and customers are engaged through every step of the product lifecycle. Please visit www.verofax.com.

Instagram: https://www.instagram.com/verofaxltd/
YouTube: https://www.youtube.com/@verofaxlimited8482
Promo Video: https://youtu.be/tmekYUuRDjI
FaceBook: https://www.facebook.com/verofax
TikTok: https://www.tiktok.com/@verofaxlimited
Twitter: https://twitter.com/VEROFAXLTD
LinkedIn: https://www.linkedin.com/company/verofax-limited/

For more information:
Rhea Sherring, Verofax
Head of Martech Solutions
Email: rhea@verofax.com

Acuver Consulting strengthens its global footprint, forays into the UK Market

  • Aims to empower D2C omni-commerce platforms for Retailer & E-commerce brands with its extensive portfolio of services and products for enterprises
  • Acuver Consulting operations in Europe bring visibility, efficiency, reduced costs and excellent Customer Experience

Acuver Consulting, a niche global supply chain management company, is thrilled to announce its strategic expansion into the UK. Building on its tremendous success in the Asia-Pacific and North American regions, Acuver is now poised to bring its world-class consulting solutions to the UK, catering to an array of industries and clients. This strategic move marks an exciting milestone in Acuver’s commitment to extending its expertise and services to support Direct-to-Consumer (D2C) omni commerce enterprises.

Acuver Consulting is now set to work with UK local supply chain and logistics players to transform their day-to-day operations, order management, inventory visibility and optimization, marketplace integration, going omnichannel and last-mile fulfilment solution. Key areas of focus for the latest foray into UK and European operations will include but not be limited to Digital Strategy and Transformation, Supply Chain Optimization, Data-driven Insights and Analytics, E-commerce, Retail Technology Integration and Customer Experience Enhancement.

The decision to expand into the UK market comes as part of Acuver’s commitment to providing unsurpassed Customer success and supreme business advisory services to organizations worldwide and to continue its record of introducing market need driven solutions. With a proven track record of empowering clients to achieve sustainable growth, streamline operations, and enhance their competitive edge, Acuver is well-positioned to meet the unique challenges and opportunities presented.

On the expansion occasion, Sunny Nandwani, Founder & Managing Director, Acuver Consulting said, “As a specialized supply chain management company, we bring extensive expertise in order management and warehouse management space working with businesses across retail, manufacturing, consumer goods, and logistics. We understand the unique challenges faced by each business in each market and we craft customized solutions that have fostered successful partnerships with businesses worldwide. The UK market excites us and we are thrilled by the opportunity. We aim to empower businesses by optimizing their supply chain processes, driving scalability and success. With an unwavering commitment to tailor-made solutions, we eagerly anticipate making a positive impact in the UK’s supply chain management field.”

Success in the UK retail industry is driven by the ability to strategically connect target audience with right set of products at accurate price and timelines. Acuver is known for its ability to offer customized solutions. The UK supply chain management and logistics sector has faced significant challenges such as Brexit Impact, Labor shortages, infrastructure constraints, rising fuel costs, e-commerce boom and technology integration across sectors that demand urgent attention and heavy embracement of innovative digital solutions to transform industry multifaceted.

“Even the best inventory management systems and processes can fail without a strong supply chain management system. Customers will move on in minutes if you can’t deliver what they need when they need. But not when you have Acuver as your supply chain management partner. Acuver Consulting is an IBM Gold Partner and we bring a comprehensive suite of customizable solutions that help our clients retain their customers”, said Krishna Raj Kodoth, Director Business Development Acuver Consulting.

“We have entered the UK market with more than 500-man years of domain knowledge and experience into creating cutting-edge solutions. Our offerings are a combination of technology and human intelligence and we are confident that making a good first impression will open more avenues in the market. We are looking forward to collaborating with local enterprises to create a successful, mutual business trajectory”, Krishna added.

According to market reports, revenue in the UK Supply Chain Management Software market is projected to reach US$0.96bn in 2023. Revenue is expected to show an annual growth rate (CAGR 2023-2028) of 6.42%, resulting in a market volume of US$1.32bn by 2028.

For more information on Acuver, please visit www.acuverconsulting.com

About Acuver Consulting
Acuver Consulting helps companies optimize their supply-chain for enhanced efficiency, profitability and consumer experience. We combine the right tools, methodologies and expertise in IT, Business and Technology to deliver solutions customized to your unique requirement. Proactively employing the latest industry innovations and ensuring the customer-centric digital transformation of clients are the operating paradigms of Acuver. We have a strong global presence encompassing the United States, United Kingdom, India, Europe, Australia, and the APAC regions.

For more information, please contact
Krishna Raj Kodoth,
Tel: +44 77959 18636
Email: krishnaraj.k@acuverconsulting.com

U.S. Polo Assn. Launches Iconic Legends Campaign and Targets Billion-Dollar Opportunity in India

  • International Sports Power Brand Activates New E-Commerce Site Alongside Campaign

U.S. Polo Assn., the official brand of the United States Polo Association, and Arvind Fashions Ltd. (NSE:ARVINDFASN), aka Arvind, are proud to announce two major business milestones in India: the iconic Legends marketing campaign and the new U.S. Polo Assn. website launch. Both business strategies have been designed to help take U.S. Polo Assn. in India to the next level, reaching the company’s new target to be a billion-dollar power brand in the country.

According to a recent United Nations report, India has overtaken China as the world’s most populous nation. In fact, according to the report, India’s population is expected to reach 1.428 billion, compared to China’s 1.425 billion. The U.S. Polo Assn. brand’s popularity in India has only grown with the population, making India prime to be the global brand’s fastest-growing market. The tremendous growth in popularity and ultimately market share is not without effort, which includes a strategy focused on both brick-and-mortar and e-commerce, as well as overall brand marketing through storytelling.

As one of India’s leading casualwear power brands, the multi-billion-dollar, global, sport-inspired U.S. Polo Assn. brand has launched an exclusive brand-specific website USPoloAssn.in to further enhance digital offerings for customers and provide easier access to its product offerings. U.S. Polo Assn. is the first brand in the Arvind Fashions Limited family of businesses to go live with an exclusive brand website. Previously, the brand was listed on all leading online platforms and NNNow, the official brand store and digital destination for Arvind Fashions Limited.

“Arvind has been a tremendous partner to the U.S. Polo Assn. brand, and we are excited about our future as a power brand, targeting a billion-dollar business over the long term in one of the world’s most important markets,” said J. Michael Prince, President and CEO of USPA Global Licensing, the company that manages and oversees the U.S. Polo Assn. brand. “The execution of our strategic plan in India will further solidify our position as one of the top casual menswear brands in the country.”

USPoloAssn.in will carry the entirety of the brand’s product offerings across menswear and kidswear. The website will also feature the brand’s footwear and innerwear collection, as well as the newly introduced USPA womenswear line.

The newly launched website will be hosting the “Legends Forever Play Together” campaign, featuring Arjun Rampal and Milind Soman, the ‘legends of the modeling industry’, and Leander Paes and Mahesh Bhuphati, the ‘legends of tennis.’ The campaign, while celebrating their legendary stature, also shows these icons reminiscing about their fondest memories of where their journey began.

Legends further showcases themes of fashion, style, and nostalgia, as well as bonding between the stars, while presenting the cool and sporty factor of the brand. In the multi-channel campaign, the Legends can be seen sporting the all-new Autumn-Winter ’23 Collection from U.S. Polo Assn. The collection features timeless classics with a modern twist, such as polos, denim, oxfords, sweaters, jackets and tee shirts.

The multi-billion-dollar, global brand’s presence has also exploded in India, having successfully launched new identity stores, featuring modern decor, an all-white interior, and authenticity through elements of the sport of polo, like polo-themed accessories and game broadcasts, for which the brand is based. U.S. Polo Assn. even launched five stores simultaneously on Sept. 17, 2022, in the city of Bengaluru, Arvind’s corporate headquarters.

“U.S. Polo Assn. is an example of ‘phygital’ retail, where we are blending the best of digital and physical channels to enhance both and deliver the best customer experience, ultimately enabling enhanced omnichannel engagement,” said Shailesh Chaturvedi, Managing Director and CEO, Arvind Fashions Ltd. “The combination of the very special and iconic Legends Campaign, the exciting new website and our revamped stores will now allow U.S. Polo Assn. to immerse consumers in our unique brand story across all major touchpoints.”

Currently, the brand’s retail footprint in India is at more than 400 brand stores, and over 2,000 shop-in-shops, across more than 200 cities in India. Globally, the U.S. Polo Assn. brand is in 190 countries and has global retail sales of more than $2.3 billion.

“This launch comes at the right time as the market is multi-branded and continues to grow, while customers want to engage more with great brands,” said Amitabh Suri, CEO of Arvind’s U.S. Polo Assn. Division. “U.S. Polo Assn. has a strong retail presence with more than 400 brand stores across India. And when it comes to online presence, U.S. Polo Assn. has been the top casualwear brand across all leading online e-commerce platforms, making it clear there was great demand in the market to launch the new brand website.”

About U.S. Polo Assn.
U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the non-profit governing body for the sport of polo in the United States and one of the oldest sports governing bodies, having been founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through over 1,100 U.S. Polo Assn. retail stores and thousands of department stores, sporting goods channels, independent retailers, and e-commerce, U.S. Polo Assn. offers apparel for men, women, and children, as well as accessories and footwear in more than 190 countries worldwide. U.S. Polo Assn. was named as one of the top global sports licensors in 2023, according to License Global. Visit USPoloAssnGlobal.com and follow @USPoloAssn.

About Arvind
Arvind Fashions Ltd., based in Bengaluru, is India’s No. 1 casual and denim player in the country’s retail industry, a lifestyle powerhouse with a strong portfolio of fashion brands catering to consumers across various sub-categories and price points. With a host of renowned brands, both international and indigenous, like U.S. Polo Assn., ARROW, Tommy Hilfiger, Calvin Klein, Flying Machine and Sephora, Arvind has presence across lifestyle brands, value fashion and prestige beauty. Visit Arvind, USPoloAssn.in, and follow @USPoloAssnIndia.

Contact Information
Stacey Kovalsky
Senior Director, Global Communications
skovalsky@uspagl.com
+001.561.790.8036

Deepansh Bhargava
Vice President, Marketing, U.S. Polo Assn. India at Arvind Fashions Limited
deepansh.bhargava@arvindbrands.co.in
+91 9343897011