HKTVmall sees mixed august growth amid challenging retail climate

Hong Kong Technology Venture Company Limited reported a stable performance in its Hong Kong e-commerce business for August 2025. Average daily gross merchandise value (GMV) on order intake saw a slight 0.5% month-on-month increase, reaching HK$21.9 million, contributing to a monthly GMV of HK$678 million. This growth indicates solid consumer demand despite increased outbound travel among Hong Kong residents.

However, on a year-on-year basis, both average daily GMV and monthly GMV on order intake declined by 4.4% and 4.5% respectively in August 2025. This downturn is attributed to sluggish economic growth, increasing cross-border shopping trends, and frequent consumer travel. Despite these challenges, the number of unique customers grew by 2.8% month-on-month and 0.6% year-on-year, reaching 622,000, signaling sustained customer engagement.

The company also noted changes in data collection methods, with a new internal tool for tracking monthly active unique devices effective July 1, 2025. This aims to enhance data protection and improve the verifiability of collected data. As of August 2025, monthly active unique devices stood at 1,492,000. The board reminds investors that this operational information is unaudited and subject to change.