HK TECH VENTURE (01137): Hong Kong E-commerce Business Records HK$688M GMV in October, Up 6% MoM but Down 4.3% YoY

Stock News11-10

HK TECH VENTURE (01137) announced a slight recovery in its Hong Kong e-commerce business for October 2025, primarily driven by promotional campaigns during the month. The average daily gross merchandise value (GMV) rose 2.8% to HK$22.2 million (September 2025: HK$21.6 million), bringing the total monthly GMV to HK$688 million—a 6.0% increase month-on-month but a 4.3% decline year-on-year.

Customer engagement remained robust, with the number of unique customers growing to 620,000 (September 2025: 610,000; October 2024: 606,000), up 1.6% monthly and 2.3% annually. Monthly active unique devices also increased to 1.61 million (September 2025: 1.57 million), reflecting steady traffic growth.

As 2025 draws to a close, Hong Kong's retail sector continues to face structural challenges. Shifts in consumption patterns, rising outbound travel, and intensifying competition from mainland China and global e-commerce platforms have reshaped the retail landscape, with these factors expected to persist as headwinds for the industry.

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