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FLYDOO TECH (08069.HK) has terminated its Retail Trade operations.
On March 17, Gelonghui announced that FLYDOO TECH (08069.HK) has been selling fashionable lifestyle products through retail stores and e-commerce platforms, including toy collectibles, unused luxury handbags, and second-hand watches (collectively referred to as "Retail Business"). This business is one of the segments of the Group's operations. Due to the current economic situation, fierce competition in e-commerce, and a decline in the number of tourists visiting Hong Kong, the challenges faced by the retail business are increasing. In light of the challenging operating environment and the gloomy market atmosphere, the Board of Directors continues to monitor the efficiency and effectiveness of the retail business, regularly assessing its performance for resource allocation. The Group has been seeking various strategies.
Express News | Flydoo Technology - Cessation of Retailing Business
As soon as the news of Japan easing tourist visas for people from China was released, local retail travel stocks surged immediately.
① The Japanese Foreign Minister, Toshimitsu Motegi, announced the relaxation of visa requirements for Chinese tourists to Japan, expected to be implemented in spring 2025. ② After the announcement, retail and tourism-related stocks in Japan rose, with J. Front Retailing Co. soaring by 8.38%, while Isetan Mitsukoshi Holdings and Takashimaya increased by 6.98% and 3.69%, respectively.
Flydoo tech (08069.HK): Liao es has been appointed as an executive director.
Gelonghui December 2丨flydoo tech (08069.HK) announced that, starting from December 2, 2024: (1) Xu Xiaolan resigned as the company's executive director and authorized representative; (2) the company secretary Feng Juji has been appointed as the authorized representative; and (3) Liao Yingshun has been appointed as the company's executive director.
Express News | Flydoo Technology - Shawlain Ahmin Resigned as Executive Director
FLYDOO TECH: Interim Report 2024/2025
Flydoo Technology Holding Limited's (HKG:8069) Share Price Boosted 25% But Its Business Prospects Need A Lift Too
