HKTVmall July GMV falls 3.6% amid travel impact

Hong Kong Technology Venture Company Limited's e-commerce business reported July monthly GMV of HK$675m, up from HK$653m in June but down 3.6% year-on-year.

Average daily GMV remained stable at HK$21.8m month-on-month but declined 3.5% annually. The company attributed the year-on-year decreases to ongoing outbound travel impact on Hong Kong's retail sector.

Unique customers rose 0.7% to 605,000 from June but fell 1.6% year-on-year. Daily orders averaged 47,900, down 0.6% monthly and 4.0% annually.