E-commerce, the fastest growing sector in Hong Kong

What 
  • The e-commerce and retail industry is among the fastest-growing sectors in Hong Kong. With robust infrastructure and cutting-edge machinery, Hong Kong has experienced an astounding surge in e-commerce adoption. Also, digital consumer trends have been one of the reasons for the rise in demand for e-commerce. The e-commerce industry in Hong Kong provides its customers with convenience and satisfaction, which positively impacts the customer’s shopping experience and helps in creating a flattering image.
  • When it comes to online marketplaces, logistics and delivery services, Hong Kong offers numerous opportunities in these fields. With the increase in the use of online marketplaces, the demand for logistics and delivery services is also increasing
  • Retail tech is also among the big players in Hong Kong that solidifies the economy of the city

How 
  • The revenue of the e-commerce market in Hong Kong is expected to reach US$ 20.32 Bn in 2023. The annual growth rate(CAGR) between 2023 to 2027 is anticipated to be 9.42%. The user penetration in 2023 is predicted to be 80.9% and is expected to reach 88.2% by 2027. The number of e-commerce users is foreseen to reach 6.6M users by 2027.
  • Opportunities for retail tech: Digitalization and innovative strategies to enhance the customer experience; automation, AI

Call to action 

Please contact johan.thuree@business-sweden.se to learn more.