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Ricky Wong Hopes HKTVmall & CN E-commerce Platforms Can Join Forces to Defeat Physical Retail
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Ricky Wong, vice chairman and CEO of HKTVmall's parent, HK TECH VENTURE (01137.HK), said that the shift of consumers toward online shopping is an unstoppable trend, and the three major mainland e-commerce platforms, Taobao, JD-SW (09618.HK), and Pinduoduo (PDD.US), have the power to reshape Hong Kong's consumption patterns. Wong called for an alliance between HKTVmall and these e-commerce platforms to "take down" brick-and-mortar retail. He also hoped HKTVmall could capture users of all sizes and offer every kind of product imaginable, as Hong Kong is a small market. AAStocks Financial News |
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