HK TECH VENTURE (01137) announced that despite ongoing challenges in the local retail environment, the group's Hong Kong e-commerce business maintained stable performance in August 2025 compared to July 2025. Even with the continued rise in outbound travel by Hong Kong residents during the summer holidays, there remained robust consumer demand for the company's Hong Kong e-commerce platform.
The average daily gross merchandise value (GMV) in August 2025 increased slightly by 0.5% to HK$21.9 million (July 2025: HK$21.8 million). This contributed to a monthly GMV of HK$678 million for August 2025 (July 2025: HK$675 million).
However, due to weak economic growth, the irreversible trend of cross-border shopping, and frequent overseas travel by consumers, both the average daily GMV and monthly GMV for August 2025 declined by 4.4% and 4.5% respectively compared to the same period last year.
The number of independent customers grew 2.8% month-over-month and 0.6% year-over-year to 622,000 customers, demonstrating continued customer engagement and loyalty.