Competition toughens with more mainland Chinese chains expanding in Hong Kong
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01/07/24
Some local businesses in Hong Kong are struggling to stay afloat. Some blame it on lower tourist footfall, while others say it is 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. As Jojo Chan finds out, this is all part of a long-term strategy for global expansion.
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