Ricky Wong Hopes HKTVmall Quickly Expands Market Share to 20%
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Ricky Wong, Vice Chairman of HK TECH VENTURE, emphasizes the need for HKTVmall to quickly increase its market share from 10% to 20% amid concerns over a potential monopoly in Hong Kong's supermarket sector. He warns that if one supermarket dominates with a 65% share, it would harm suppliers, consumers, and competitors. Wong's comments come as Jardine Matheson is reportedly in talks to acquire CKH HOLDINGS' PARKnSHOP, with plans to merge it with Wellcome.
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