Why you should start an eCommerce business this Chinese New Year
Blog post from Airwallex
Hong Kong’s extended lockdown measures during Chinese New Year, including the cancellation of annual Lunar New Year fairs and flower markets, have encouraged consumers to move holiday shopping online, creating opportunities for small businesses to expand their digital presence. The passage highlights online credit card payments as a practical entry point for e-commerce, promoting Airwallex’s payment system for accepting international transactions. It predicts that Hong Kong’s e-commerce market will reach HKD 226 billion by 2024, driven by pandemic-related lockdowns and a rise in online retail activity from 40% of sales before COVID-19 to 52% in 2020. Airwallex also advertises a limited-time offer of up to HKD 100,000 in transaction volume without payment gateway fees, while noting that the material is informational rather than legal, tax, regulatory, or investment advice.
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