A Chinese wet market is set to open in Hong Kong and offer a wide array of Chinese goods and services, from food to beauty products, according to local media reports.
Facebook has announced the sale of its first Hong Kong location in the Chinese market, and has partnered with Chinese e-commerce giant Alibaba to open a second Hong Kong store later this year.
Alibaba has partnered Facebook with local developers to create a wet market in the Hong Kong shopping hub of Mong Kok, a move that has been welcomed by local retailers.
A wet market opened in the city last year, and a Chinese food hall opened in December 2016 in a mall near the main entrance.
Facebook and Alibaba’s Wet Market Hong Kong will be the first wet market to open on the mainland.
A Chinese wet food hall is scheduled to open this year in Mong Kok.
A Chinese food stall is planned to open later this month in Mong Kong.
Chinese food stall will open later in year.
The Hong Kong wet market will offer a variety of Chinese products and services.
It is likely that the Chinese wet markets will have a similar focus to Facebook’s Hong Kong stores, which are focused on offering online services such as shopping, shopping apps, and shopping through apps.
Alibaba’s wet market would likely cater to the growing Chinese ecommerce market, which has grown to more than $50 billion since it was launched in 2013.
The company said in a statement that it plans to expand the wet market by 10% annually over the next five years.
Alibaba’s wet food halls and the Hong, and Shanghai, cities are likely to be among the first Chinese eCommerce hubs to open up.
Facebook, Alibaba, and local developers have already partnered to create one of China’s largest e-tailing businesses, Ting.
Alibaba launched Ting in 2016, which allows people to pay with their mobile phones in Chinese and other languages.
Ting has more than 400 million registered users in China, with nearly 30 million of them paying with a mobile phone.