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Senheng Powers Up Malaysia with Solar Solutions Nationwide

Enjoy 10% S-Coin Cashback at all Senheng and senQ outlets


SETIA ALAM MALAYSIA – Media OutReach Newswire – 16 December 2024 – Senheng is excited to announce the launch of its nationwide solar solutions, now available across all Senheng and senQ outlets. With more than 100 outlets across Malaysia, Senheng is making it easier for Malaysians to switch to solar energy and enjoy significant savings on energy bills while reducing their carbon footprint.

(Standing from left to right) Mr. Liew Choon Wah, Sales Director of Panasonic Malaysia, Mr. Lim Chi Haur, Managing Director of BSL Eco Energy, Yang Mulia Tunku Akmaludin Zakri bin Tunku Dato’ Zuhri, Deputy President of the Malaysian Photovoltaic Industry Association (MPIA), Mr. Lim Kim Chieng (KC Lim), President of Senheng, Mr. Lim Kim Heng (KH Lim), Executive Chairman of Senheng, Yang Berhormat Liew Chin Tong, Deputy Minister of Investment, Trade and Industry (MITI), Mr. Chin Soo Mau, Managing Director of Pekat Group Berhad and Mr. Sean Lyu, Managing Director of Magicube Energy Sdn Bhd, Authorized by Canadian Solar, officiating Senheng’s Solar Solutions launch.
(Standing from left to right) Mr. Liew Choon Wah, Sales Director of Panasonic Malaysia, Mr. Lim Chi Haur, Managing Director of BSL Eco Energy, Yang Mulia Tunku Akmaludin Zakri bin Tunku Dato’ Zuhri, Deputy President of the Malaysian Photovoltaic Industry Association (MPIA), Mr. Lim Kim Chieng (KC Lim), President of Senheng, Mr. Lim Kim Heng (KH Lim), Executive Chairman of Senheng, Yang Berhormat Liew Chin Tong, Deputy Minister of Investment, Trade and Industry (MITI), Mr. Chin Soo Mau, Managing Director of Pekat Group Berhad and Mr. Sean Lyu, Managing Director of Magicube Energy Sdn Bhd, Authorized by Canadian Solar, officiating Senheng’s Solar Solutions launch.

The launch event at Grand Senheng Elite Setia Alam was officiated by YB Liew Chin Tong, Deputy Minister of Investment, Trade, and Industry and Member of Parliament for Iskandar Puteri, who commended Senheng’s commitment to renewable energy as an important step toward Malaysia’s green energy goals. “Senheng’s nationwide solar initiative aligns well with our national mission to promote sustainable energy,” said YB Liew. “This effort not only benefits Malaysian households but also drives positive environmental and economic impacts.”

“At Senheng, we’re excited to lead the way in making renewable energy more accessible for Malaysia,” said Mr. Lim Kim Heng, Chairman of Senheng. “We want to help Malaysians save on energy costs while contributing to a more sustainable future. This isn’t just about technology; it’s about empowering communities to make choices that positively impact the environment and improve quality of life. With our trusted solutions, Malaysians can confidently take steps toward a greener future.”

Senheng’s solar solutions are complete, tailored packages designed to bring the power of solar energy into your home. These solutions include high-performance solar panels, inverters, and other essential components needed to generate, store, and manage renewable energy effectively. Starting from RM17,000, these solar solutions allow homeowners to save more than 95% on their monthly electricity bills, reduce their carbon footprint, and even increase their property value. With these incredible benefits, customers can expect a return on their investment within 5 to 7 years. This initiative aligns with Senheng’s strong commitment to delivering reliable solar solutions that meet environmental, social, and governance (ESG) principles.

With flexible financing options, free standard installation, and a 0% interest plan for up to 36 months, going green has never been easier or more accessible. Senheng has partnered with trusted solar brands including Solaroo, Canadian Solar, BSL Eco Energy and Panasonic to provide customers with quality and performance for lasting energy savings.

To mark the launch, Senheng is offering customers a 10% S-Coin Cashback on all solar system purchases at Senheng and senQ outlets, making it even more rewarding to switch to solar and invest in sustainable energy. This underscores Senheng’s dedication to delivering quality products with attractive rewards.

To learn more about the benefits of solar energy, explore cutting-edge technology, and discover how you can make an eco-friendly impact while enjoying exclusive rewards, visit any Senheng location or check out the website at https://discover.senheng.com.my/solar-solution.
Hashtag: #Senheng #SolarSolutions #Sustainability




The issuer is solely responsible for the content of this announcement.

Henkel Thailand continues support for border schools in Nakhon Phanom and Yasothon with renovation projects

Enhancing learning environments for border schools in Thailand


BANGKOK, THAILAND – Media OutReach Newswire – 16 December 2024 – On November 28-29, 2024, a team of Henkel Thailand employees visited the Konrad Henkel Border Patrol Police School in Nakhon Phanom and the Baan Srisawas Border Patrol Police School in Yasothon, to mark the completion of renovation projects funded by Henkel, and celebrate with the students through sports activities. The renovation projects are part of Henkel Thailand’s ongoing commitment to supporting local education by enhancing the safety, well-being, and learning environments for both students and teachers.

Andrianto Jayapurna, President of Henkel Thailand (center-left), marking the completion of the renovation project with Sanjorn Kisarang, School Director of Baan Srisawas Border Patrol Police School in Yasothon (center-right).
Andrianto Jayapurna, President of Henkel Thailand (center-left), marking the completion of the renovation project with Sanjorn Kisarang, School Director of Baan Srisawas Border Patrol Police School in Yasothon (center-right).

Enhancing safety and functionality at Konrad Henkel Border Patrol Police School in Nakhon Phanom

Building on the renovation efforts in 2023, Henkel Thailand identified additional improvements to enhance safety at the Konrad Henkel Border Patrol Police School in Nakhon Phanom. The 19,000-euro project, completed in June 2024, included replacing deteriorating classroom ceilings, upgrading wooden windows to aluminum, and installing a new roof to protect the school from weather-related damage.

Henkel Thailand employees also contributed donations to provide new fans, desks, and a gas tank for the classrooms, enhancing safety and functionality for the 86 students and 14 teachers. Henkel products, including Pattex Fix Nail Power Glue, were also supplied to support various repair needs at the school.

Andrianto Jayapurna, President of Henkel Thailand (center), with the Henkel Thailand team at Konrad Henkel Border Patrol Police School in Nakhon Phanom.
Andrianto Jayapurna, President of Henkel Thailand (center), with the Henkel Thailand team at Konrad Henkel Border Patrol Police School in Nakhon Phanom.

Renovations at Baan Srisawas Border Patrol Police School in Yasothon

Henkel Thailand also completed renovations at the Baan Srisawas Border Patrol Police School in Yasothon to enhance the learning environment for 63 students and 6 teachers. The project, completed in August 2024 with a funding of 17,000 euros, included the installation of new fans, doors, and windows across 10 classrooms, as well as upgrades to the drinking water system, to ensure reliable access to safe water.

In addition, the school received new furniture, supplies, and educational materials such as whiteboards and sports equipment. The barber room was equipped with tools and supplies to become fully operational, and a new kindergarten building was completed to accommodate young children.

The newly renovated compound for students and teachers at Baan Srisawas Border Patrol Police School in Yasothon.
The newly renovated compound for students and teachers at Baan Srisawas Border Patrol Police School in Yasothon.

Commitment to long-term support for the border schools

Henkel Thailand has a long-standing commitment to supporting border schools in Thailand and will continue its ongoing assistance. Moving forward, Henkel Thailand will maintain its support for the waste bank program at the Konrad Henkel Border Patrol Police School, which encourages students and school members to recycle and earn points for selling waste items. Additionally, Henkel Thailand will supply products to both schools to support skill development in their hair-cutting programs.

“Henkel Thailand is committed to enhancing both the safety and functionality of classrooms and facilities, while also enriching the learning environment for the entire school community. Through these efforts, we hope to foster an environment where the well-being of both students and staff continues to thrive,” said Andrianto Jayapurna, President of Henkel Thailand.

To date, Henkel Thailand has adopted three schools across the country, including Henkel Thai Border Patrol Police School in Kanchanaburi, Konrad Henkel Border Patrol Police School in Nakhon Phanom, and Baan Srisawas Border Patrol Police School in Yasothon. Henkel Thailand supports the schools in various ways, such as sponsoring construction projects, allocating funds for teaching staff, and engaging employees in school visits and donations.

Pattex is a trademark and/or registered trademark of Henkel and its affiliates in the US, Germany, Thailand, and elsewhere.
Hashtag: #Henkel

The issuer is solely responsible for the content of this announcement.

About Henkel

With its brands, innovations and technologies, Henkel holds leading market positions worldwide in the industrial and consumer businesses. Henkel’s Adhesive Technologies business unit leads the global market for adhesives, sealants and functional coatings. The Consumer Brands business unit occupies a leading position in numerous markets and categories around the globe, particularly in the Laundry & Home Care and Hair business areas. Henkel’s three biggest brands are Loctite, Persil and Schwarzkopf. In fiscal 2023, Henkel reported sales of more than 21.5 billion euros and adjusted operating profit of around 2.6 billion euros. Henkel’s preferred shares are listed in the German stock index DAX. Sustainability has a long tradition at Henkel, and the company has a clear sustainability strategy with specific targets. Henkel was founded in 1876 and today employs a diverse team of around 48,000 people worldwide – united by a strong corporate culture, shared values and a common purpose: “Pioneers at heart for the good of generations.” For further details, please see .

F.I.R.E. in Singapore: Navigating the Path to Early Retirement

SINGAPORE – Media OutReach Newswire – 16 December 2024 – The Financial Independence, Retire Early (F.I.R.E.) movement continues to gain momentum worldwide, and Singapore is no exception. More and more Singaporeans are being drawn to the idea of achieving early retirement and financial independence. While the allure of escaping traditional work structures and enjoying life on one’s own terms is undeniable, experts caution that the pursuit of F.I.R.E. requires careful planning, particularly in a high-cost city like Singapore.
Clarence Cheong, Senior Group Financial Services Director at Infinity Platinum and Group Representative for Infinity Financial Advisory, weighs in on the growing F.I.R.E. trend: “F.I.R.E. is about more than just early retirement—it’s a blueprint for financial independence. But in a high-cost city like Singapore, burning too fast could leave you without the fuel for a lifetime.”
The Appeal of F.I.R.E.

For many, the promise of early retirement and the freedom to live life on their own terms is irresistible. The F.I.R.E. movement offers several key benefits:

1. Early Retirement and Time Freedom: Enthusiasts of F.I.R.E. aim to retire in their 30s or 40s, gaining the freedom to pursue personal passions, travel, or entrepreneurial ventures long before traditional retirement age.
2. Financial Discipline: Achieving F.I.R.E. requires intense focus on saving and investing. Those who embrace the movement must cultivate frugality, budgeting, and long-term wealth-building habits, which can lead to better financial discipline.
3. Lower Financial Stress: Reaching financial independence relieves the burden of living paycheck to paycheck and the stress of job instability. Once achieved, financial security can also improve mental health and overall well-being.
4. Flexibility in Life Choices: Financial independence grants the ability to explore life beYyond the constraints of a 9-to-5 job. F.I.R.E. followers have the freedom to pursue passions, side projects, or new career ventures without worrying about financial survival.
The Challenges of F.I.R.E.
However, while the benefits are compelling, the road to early retirement is fraught with challenges that could derail plans if not carefully managed:
1. Aggressive Savings Can Be Restrictive: The pursuit of early retirement often requires extreme frugality, limiting lifestyle choices and potentially diminishing quality of life in the years leading up to retirement.
2. Market Dependency: F.I.R.E. depends heavily on the success of investments, exposing participants to market risks. Economic downturns, such as the 2008 financial crisis or the impact of the COVID-19 pandemic, can drastically affect retirement funds and future financial stability.
3. Healthcare Costs: Retiring early, especially without employer-provided healthcare, presents a significant challenge. In Singapore, healthcare costs can rise as individuals age, and early retirees may exhaust their Medisave contributions before reaching the age of 65, making it essential to plan for medical expenses.
4. Longevity Risk: With increasing life expectancy, early retirees must plan for the possibility of living several decades without a steady income. A lack of proper planning could lead to financial difficulties if resources are depleted too early. Additionally, re-entering the workforce after years of early retirement could prove difficult.
F.I.R.E. in the Singapore Context
Singapore presents unique challenges for those adopting the F.I.R.E. lifestyle. The high cost of living, combined with limited access to CPF funds before the age of 55, means that early retirees need to plan more carefully. CPF Life payouts, which provide a stable income in retirement, don’t begin until age 65, which can leave early retirees vulnerable during the years before they begin receiving those funds. Additionally, rising healthcare costs in Singapore mean that early retirees must account for medical expenses that may not be fully covered by the public healthcare system.

Clarence Cheong notes, “While F.I.R.E. offers a compelling vision of financial freedom, it’s crucial to approach it with a strategic, well-rounded financial plan. In Singapore, that means addressing the cost of living, healthcare needs, and long-term financial security through diversified investments and comprehensive retirement planning.”
Expert Guidance is Key
As the F.I.R.E. movement continues to inspire people to rethink their approach to retirement, financial experts emphasise the importance of a balanced, realistic strategy. Consulting with a qualified financial advisor is key to crafting a sound investment plan, establishing an emergency buffer, and ensuring that long-term financial goals are met.

“While the dream of early retirement is an exciting one, it’s essential to ensure that the journey is sustainable,” concludes Cheong. “With the right planning and discipline, the path to financial independence can be both achievable and secure.”
For more information on F.I.R.E. and how to approach early retirement with a comprehensive financial plan, contact Infinity Platinum or consult with a certified financial advisor.

Hashtag: #Infinityfinancialadvisory #insurance

The issuer is solely responsible for the content of this announcement.

Infinity Financial Advisory

Come As You Are, Leap Forward With Us.
Infinity Financial Advisory started in July 2023, and currently has a company size of almost 280 financial consultants and staff. At Infinity FA, our vision is to be our clients’ guiding light through the infinite financial universe, one that is filled with countless options and opportunities. We focus on advancing wealth management with innovative solutions and personalised service, striving to support our clients with effective tools and exceptional service.

Celebrating Indonesia’s Collective Sustainability Leadership at ACES Awards 2024


BANGKOK, THAILAND – Media OutReach Newswire – 16 December 2024 – The ACES Awards 2024 cast a spotlight on Indonesia’s dynamic business landscape, shining a light on the nation’s remarkable achievements in sustainability, innovation, and community-driven growth. With 80 nominations spanning 41 diverse industries, Indonesian finalists are distinguishing themselves as forward-thinking organizations committed to shaping a responsible and resilient future.

Celebrating excellence at the ACES Awards 2024, where outstanding leaders and visionary enterprises were recognized for their exemplary contributions—setting new benchmarks in innovation, business, leadership, governance, sustainability, and corporate responsibility across Asia.
Celebrating excellence at the ACES Awards 2024, where outstanding leaders and visionary enterprises were recognized for their exemplary contributions—setting new benchmarks in innovation, business, leadership, governance, sustainability, and corporate responsibility across Asia.

At the forefront of this collective endeavor are leaders and companies that exemplify the country’s progress. PT TBS Energi Utama Tbk, under the guidance of President Director Dicky Yordan, offers a compelling narrative of transformation: from coal mining to renewable energy, electric vehicles, and waste management solutions. TBS’s TBS2030 initiative illustrates how corporate success can be seamlessly intertwined with environmental stewardship, underscoring Indonesia’s readiness to align profitability with sustainable objectives.

Equally influential are those advancing the nation’s healthcare and financial well-being. PT Siloam International Hospitals Tbk—recognized as one of Asia’s Most Influential Companies—continues to expand its extensive network of hospitals and clinics, integrating Environmental, Social, and Governance (ESG) principles into every facet of its services. AIA Indonesia, another esteemed honoree, elevates the insurance industry by marrying financial protection with holistic wellness. Through programs like AIA Vitality, the company encourages healthier lifestyles, championing preventive care and climate responsibility as essential pillars of its growth strategy.

In sustainability management, PT Olahkarsa Inovasi Indonesia—led by Co-Founder and CEO Unggul Yoga Ananta—sets new standards for innovative social impact. The firm’s pioneering approaches to corporate social performance highlight how strategic partnerships and advanced digital tools can drive meaningful change, while inspiring a new generation of socially conscious leaders.

Meanwhile, PT Acer Indonesia illustrates the tech sector’s role in nurturing a greener ecosystem. By responsibly managing e-waste, investing in mangrove reforestation, and introducing eco-centric product lines, Acer demonstrates that cutting-edge innovation can flourish hand-in-hand with environmental care and long-term climate goals.

Together, these Indonesian award recipients reflect a shared vision: that growth, influence, and global relevance need not come at the expense of people or planet. By setting higher standards for sustainability and social responsibility, they are forging a path that others will undoubtedly follow—an inspiring legacy that firmly places Indonesia at the heart of Asia’s sustainable transformation.

Hashtag: #ACESAwards2024 #RegionalRecognition #leadershipexcellence #Sustainability #SustainableCompanies #responsibleleaders #outstandingentrepreneurs #indonesia

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About ACES Awards

The ACES Awards, organized by MORS Group, recognize and celebrate the region’s most exemplary leaders, companies, and initiatives. By spotlighting transformative approaches to leadership and corporate excellence, the awards inspire continued innovation, promote sustainable practices, and encourage inclusive growth throughout Asia’s diverse and dynamic business ecosystem.

Looking Ahead to “Learning & Teaching Expo 2025”

Unveiling Next Year’s Theme – Education: A Shared Future for All


HONG KONG SAR – Media OutReach Newswire – 13 December 2024 – The 14th Learning & Teaching Expo 2024 successfully concludes today. This year’s theme, Shaping Education for a World of Change, marks the largest edition in the event’s history. The Expo united government officials, education experts, industry leaders, exhibitors, and educators from across the globe, featuring over 330 prominent education experts from Mainland China, Singapore, Malaysia, Doha, Australia, the UK, and other regions. More than 290 keynote speeches, seminars, live demonstration lessons, and product showcases took place. With close to 600 exhibition booths, the event showcased the latest global trends in education and innovative teaching resources, offering participants valuable insights and enhancing their teaching and learning expertise.

The Expo focused on the development and application of artificial intelligence (AI) in mainstream education, as well as nurturing multilingual and cross-cultural talent with a global perspective. Key topics included AI applications in learning and teaching, language learning and cross-cultural education, national education, holistic student development, social-emotional learning, physical and mental well-being, inclusive learning, innovative learning, digital literacy, and nurturing future talent, aiming to address the challenges and opportunities currently facing the education sector.

Bringing Educators and EdTech Solution Providers Closer Together

The Learning & Teaching Expo remains a pivotal platform for exhibitors to showcase cutting-edge educational innovations while engaging with a diverse community of educators and industry stakeholders. Exhibitors have praised the event’s distinctive ability to unite schools, companies, and international delegations under one roof, creating opportunities for collaboration and sparking meaningful partnerships. As the Expo continues to grow in scale and refine its organisation, it has proven increasingly effective in helping exhibitors connect with their target audiences and expand their reach within the education sector.

Henry Wong, Senior Sales Manager of the exhibitor BetaOne said: “Learning & Teaching Expo is a premier annual event for the education sector, and our company is enthusiastic about bringing innovative solutions to schools, making it an opportunity we simply cannot miss. This marks our second year participating, and we’ve observed the attendance has grown compared to last year. Along with school teachers, we’ve seen international delegations and guided tours, enabling us to engage with more clients than ever before.”

Ng Ka Shun, Curriculum Development Project Manager of the exhibitor Trumptech said: “We take part in the Learning & Teaching Expo every year. The Expo allows us to connect with multiple schools at once, and companies also visit our booth to explore potential collaboration opportunities, which supports our business expansion. This year’s Expo is bigger in scale compared to previous years and features designated zones, making it more convenient for target customers to locate us.”

The Learning & Teaching Expo has not only garnered praise from exhibitors but has also been highly valued by educators for its ability to bring the education community together. Ms Lee Yi Ying, Principal of Kowloon True Light College said: “I’m thrilled to see such a significant turnout at this year’s Learning & Teaching Expo, along with strong backing from the education community. I’ve encountered many cutting-edge EdTech products and witnessed students showcasing their learning achievements. For teachers, this is certainly an eye-opening experience, allowing them to select the appropriate products and services tailored to their schools’ requirements. I deeply value how the Learning & Teaching Expo unites all sectors of education, and I look forward to it continuing to grow into diverse educational themes and domains in the future, bringing even more benefits to teachers.”

2025 Learning & Teaching Expo to Unveil Innovative Projects and Shape the Future of Education

The 15th Learning & Teaching Expo (2025) will take place from July 2 to 4, 2025, under the theme “Education: A Shared Future for All”. Recognised as Asia’s leading education event, the Expo will continue to serve as a professional platform for stakeholders in the education sector to exchange ideas, foster collaboration, and strengthen connections. Innovative initiatives at the event will include an interactive English teaching zone, an immersive future classroom experience, and a collaboration platform for start-up EdTech companies.

EdCity intends to seize this opportunity to further expand the Learning & Teaching Expo’s reach by attracting external resources to support local educational development. The event will encourage more corporations and organisations to collaborate, promoting discussions and partnerships while developing diverse educational projects and programmes. These efforts will empower educators and promote lifelong learning, addressing challenges brought by globalisation, rapid technological advancements, and the increasing prevalence of artificial intelligence. These initiatives align with the goals of 21st-century education, such as fostering critical thinking, problem-solving, and digital literacy skills among students. The Expo will also strengthen international exchanges, support Hong Kong’s alignment with the Mainland and global education development, and establish closer partnerships between the education and industry sectors.

EdCity has also announced a strategic partnership with the Smart City Consortium (SCC) to co-organise the Learning & Teaching Expo, with continued full support from the Education Bureau of the Hong Kong Special Administrative Region. EdCity hopes that professionals from various fields can collectively explore the future direction of education, innovative teaching methods, and the integration of educational technology, striving to advance educational practices and create better learning environments for all.

Hashtag: #LTE

The issuer is solely responsible for the content of this announcement.

About Hong Kong Education City

Hong Kong Education City (EdCity) provides a one-stop professional education portal (EdCity.hk) offering information, resources, interactive communities, and online services to support educators, parents, and students. It covers five key areas: professional development, teaching, assessment, reading, and learning. EdCity continuously develops and introduces new services since its establishment, and endeavours to promote and provide all-round support to all schools in Hong Kong to adopt eLearning and innovative education.

About Bailey Communications Hong Kong

Bailey Communications HK is a full service professional exhibition and event organiser based in Hong Kong. The focus of Bailey Communications HK is on developing quality events for both buyers and sellers. With a focus on how technology can assist in matching buyers and sellers so that real business objectives are met; Bailey Communications HK build smart events designed for the future.

Academia Sinica Announces Fully-Funded Ph.D. Opportunities for 2025: Fostering Global Talent in Taiwan


TAIPEI, TAIWAN – Media OutReach Newswire – 13 December 2024 – Join Academia Sinica, Taiwan’s National Academy of Science and leading research institution, for a fully-funded Ph.D. experience that combines cutting-edge educational programs, global research opportunities, and exceptional support. Applications for the 2025 Fall semester of the Taiwan International Graduate Program (TIGP) are kicking off and open until 1st February 2025 (GMT+8).

Exceptional Support and Global Opportunities

TIGP provides a generous monthly stipend of NTD 40,000 (approximately USD 1,200) for the first year, extendable into the 2nd and 3rd years for high-performing students. Outstanding students can also earn an additional NTD 6,000 per month through the TIGP Research Performance Fellowship. With an extensive global network, TIGP enables students to conduct research in world-renowned laboratories, attend prestigious international conferences, and engage with distinguished scholars and Nobel Laureates.

Life at Academia Sinica

At TIGP, immerse yourself in the vibrant culture of Taiwan. Free Mandarin courses and affordable dormitories just steps away from campus create a welcoming environment, blending academic excellence with an enriching cultural experience.

13 Interdisciplinary Programs

TIGP offers 13 interdisciplinary Ph.D. programs in cutting-edge fields such as chemical biology, bioinformatics, neuroscience, AI, and sustainability, designed to address global challenges and drive innovation. With a diverse community of over 624 students from 44 countries and 854 accomplished graduates, TIGP has a strong track record of producing leading scientists, researchers, and industry professionals who thrive in top universities and companies worldwide. Explore the full program list on our official website.

Start Your Journey Today

Application is free of charge. Visit the TIGP official website or contact Ms. Huan-Yi Shen (tigp@gate.sinica.edu.tw) for more information. Start your application today and take the first step toward an extraordinary academic journey.

Hashtag: #AcademiaSinica

The issuer is solely responsible for the content of this announcement.

Mainland China’s Luxury Market Poised for Growth: Insights from MDRi’s 2025 Consumer Forecast

Forecast Projected Growth of Chinese Luxury Market in 2025: A Shift Towards Experience, Innovation, Chinese Brands and Sustainability

HONG KONG SAR – Media OutReach Newswire – 13 December 2024 – MDRi, a leading provider of business insights, today released its China Luxury Consumer Forecast 2025, presenting an in-depth analysis of luxury consumption trends in Mainland China and Hong Kong. The report highlights a market in transition, where Chinese consumers exhibit sophisticated preferences for experiences, domestic brands, sustainability, and innovation.

Despite the prevailing macroeconomic uncertainty and inconsistent growth across various luxury segments, the overall sentiment for luxury spending remains robust. The report reveals that 56% of Mainland Chinese luxury consumers plan to increase their spending in 2025, compared to only 48% in Hong Kong. This divergence is largely influenced by a more pessimistic outlook on Hong Kong’s economy, shaped by international monetary policies and geopolitical tensions.

Economic uncertainty continues to loom over Hong Kong, where 12% of luxury consumers intend to reduce their spending next year, compared to 9% in Mainland China. This cautious sentiment reflects broader concerns about the region’s economic stability.
In Mainland China, luxury spending is expected to be driven by high-end jewellery, handbags, and travel experiences, with nearly 60% of consumers planning to allocate more of their budgets to luxury travel. In contrast, positive sentiment is less pronounced in Hong Kong, where the luxury market is becoming increasingly polarized. Over 10% of consumers in each luxury category in Hong Kong plan to reduce their spending, showcasing a cautious approach, especially in categories like handbags (9%) and travel experiences (4%).
This report underscores the importance of understanding the evolving preferences of luxury consumers in both regions, as brands navigate a rapidly changing market landscape.
Simon Tye, CEO of MDRi, commented: “Mainland China is currently experiencing a dynamic shift in luxury market. Recent industry data has unveiled contrasting trends, with certain luxury conglomerates witnessing declines in Asia-Pacific revenues, while others have observed growth in parallel instances. This disparity prompts inquiries into the authentic sentiments of Chinese luxury consumers. Luxury brands should obtain deep understanding of the unique preferences, behaviour, and aspirations of consumers in these cities that are conducive to crafting highly targeted and resonant marketing strategies. The strong consumer demand for luxury watches, handbags, jewellery, and travel experiences positions these categories as key growth drivers for the industry. Brands that make consumer insights the foundation of their product development and go-to-market plans will be best positioned to solidify their leadership in these high-potential luxury segments; and agile brands that continuously monitor and respond to changing consumer preferences will be the ones to dominate these in-demand categories.”
The report identifies five key trends shaping the Chinese luxury market in 2025:

1. Luxury Lifestyle & Experiences

Mainland Chinese consumers are increasingly prioritising lifestyle-driven luxury, with 57% planning to boost spending on wellness, fitness, and luxury travel. Gen Z emphasises self-care and wellbeing, while Millennials seek exclusive, adventurous experiences that create lasting memories. Notably, wellness and spa treatments rank among the top items the youngest consumers (aged 21-25) in Mainland China plan to spend more on in the next 12 months (63%, ranking number 2 and just slightly below health and fitness activities (64%)).

2. Shopping Destinations

Mainland China’s Tier 1 cities, led by Shanghai, remain dominant luxury shopping hubs. However, Sanya is emerging as a rising destination, with 23% of Mainland Chinese luxury shoppers making purchases there in 2024, driven by duty-free policies. Hong Kong remains a luxury shopping destination for Tier 3 city shoppers but is losing appeal among Tier 1 consumers, who increasingly find comparable luxury experiences closer to home. Hong Kong’s attractiveness among lower-city luxury consumers could be partly attributed to the Chinese Government’s efforts in fostering Hong Kong’s tourism in these cities.
3. Preferences for Domestic Brands
National pride is driving a growing preference for domestic luxury, with 56% of Mainland Chinese consumers planning to buy more from Chinese luxury brands in 2025. Millennials, in particular, balance global prestige with domestic pride, driving demand for both French and Chinese brands, especially in watches and fashion. The success and influence of Chinese luxury brands have the potential to shape the future direction of the global luxury industry, setting new standards and pushing the boundaries of what luxury means in the years to come.
4. Sustainability and Second-hand Luxury
Sustainability is now a central value for Mainland Chinese consumers, with 85% stating it is important and 42% willing to pay a premium for sustainable luxury products. Younger luxury consumers (aged 21-25) are leading the charge in embracing the allure of second-hand premium products highlighting the rising environmental consciousness. Second-hand luxury is also gaining traction, with 59% of Mainland Chinese luxury consumers purchasing pre-owned items in 2024, particularly small leather goods and shoes. Younger consumers, especially Gen Z, view second-hand luxury as a way to express individual style rather than just a cost-saving option.
5. The Role of Technology and AI in Luxury
Mainland Chinese consumers are embracing tech-driven luxury, with 90% willing to pay a premium for innovative products. AI-powered personalisation is seen as a key enabler for tailored customer experiences, though concerns about its impact on exclusivity remain, with 66% expressing reservations about AI-driven mass customisation.
Driven by evolving consumer sophistication and upper-middle-class expansion, Chinese luxury consumers are increasingly globally mobile, technologically advanced, and discerning. With 42-47% of Chinese luxury consumption projected to occur abroad, Mainland China’s luxury market is setting global trends. Growth will be propelled by domestic brands, sustainability, and the rising influence of younger consumers.
Reflecting on 2024, Mainland China showed stronger growth in the luxury sector, with an average annual spend of RMB234,500, a 7% year-on-year increase. Spending in Tier 2 cities surged by 22%, outpacing Tier 1 cities. In Hong Kong, luxury spending rose modestly, with average expenditures increasing by 3% to HKD223,900. Significant growth was seen in high-value items like jewellery (+64%) and handbags (+66%), highlighting a preference for big-ticket purchases.

The survey was conducted from April to May 2024, with a sample size of 1,500 luxury consumers from Mainland China and 500 luxury consumers from Hong Kong. All respondents were required to have made purchases of luxury items and to have spent a minimum of 50,000 in their local currencies on luxury purchases within the past 12 months.
Simon said: “The Chinese luxury market is undergoing a profound transformation, largely influenced by the preferences of the younger generation, particularly Gen Z. This cohort is not only redefining luxury consumption but is also poised to reshape the global luxury industry. Their demand for personalization, wellness, and sustainability, combined with a strong inclination towards innovative Chinese brands, signals a departure from traditional luxury norms. As they prioritize exceptional experiences and meaningful connections over mere ownership, existing and new brands must adapt to these evolving expectations. By continuing to learn about their needs, building strong relationships with them and investing in personalized services and holistic wellness initiatives, luxury brands can foster loyalty and build lasting relationships with this discerning demographic, ultimately revolutionizing the industry.”
For a deeper dive of the report, please click here.
For further information, interviews, or comments, please contact info@mdr-i.com.

Appendix
Categories Overview of Chinese consumers (Top 3 brand aware and brand purchased)

Luxury Watch

China Hong Kong
Brand aware Brand purchased Brand aware Brand purchased
Cartier ▲2% Rolex – Cartier ▲8% Rolex ▲1%
Bulgari ▲2% Omega ▲1% Rolex ▲7% Omega ▲1%
Rolex ▲4% Cartier ▼4% Omega ▼2% Longines ▲10%

Luxury Jewellery

China Hong Kong
Brand aware Brand purchased Brand aware Brand purchased
Cartier ▼1% Cartier ▲1% Gucci ▲14% Cartier ▲8%
CHANEL – CHANEL – Cartier ▲10% CHANEL ▲8%
Bulgari ▲3% Bulgari ▲2% CHANEL ▲11% Gucci ▲3%

Luxury Fashion

China Hong Kong
Brand aware Brand purchased Brand aware Brand purchased
CHANEL ▲5% CHANEL ▲2% CHANEL ▲11% CHANEL ▲5%
Balenciaga ▼6% Balenciaga ▼1% Balenciaga ▲2% Balenciaga ▲4%
Dior ▲2% Dior – Gucci ▲9% Gucci ▲5%

Luxury Handbag

China Hong Kong
Brand aware Brand purchased Brand aware Brand purchased
CHANEL – CHANEL ▼2% Balenciaga ▲4% CHANEL ▼1%
Balenciaga ▼1% Balenciaga ▼1% CHANEL ▲9% Balenciaga ▲1%
Dior ▲1% Dior ▲1% Hermes ▲12% Dior ▲6%

Beauty and Cosmetics

China Hong Kong
Brand aware Brand purchased Brand aware Brand purchased
Dior Beauty ▲2% Estee Lauder ▲7% Lancôme ▲9% Shiseido ▲6%
Estee Lauder ▲3% Lancôme ▲1% Shiseido ▲5% SKII ▲1%
Lancôme ▲4% Dior Beauty ▲5% SKII ▲9% Lancôme ▲1%

Wine and Spirits

China Hong Kong
Brand aware Brand aware
Chivas ▲2% Rémy Martin ▲6%
Rémy Martin – Martell ▲4%
Hennessy ▼1% Hennessy ▲6%

Consumer preferences of each luxury category

Luxury Category Mainland Chinese Preferences Hong Kong Preferences
Watches – Prefer multifunctional and jewellery watches

– 31% prefer Chinese-made watches

– Value brand design

– Favor simple, everyday styles

– 12% prefer Chinese watches

– Consider resale value

– Prioritize craftsmanship
Jewellery – Favor yellow gold (55%) and diamonds (52%)

– Value easy recognition

– Prioritize diamonds (61%)

– Emphasize craftsmanship

– Resale value influences decisions
Fashion – Recognize CHANEL and Balenciaga as top brands

– Prioritize quality of materials and comfort

Handbags – Prioritize style and aesthetic appeal – Emphasize brand awareness and material quality
Cosmetics – Prefer international brands

– 55% purchase through e-commerce platforms

– Favor Japanese brands
– Prioritize ingredients and efficacy
Wine

and

Spirits

– Prefer Chinese Baijiu (56%) and high-end whiskey (56%)

– Values brand awareness and taste

– Prioritize high-end whiskey (53%) and red wine (45%)

– Values taste and cost-effectiveness

– Increases in high-end whiskey purchases

Hashtag: #MDRi #SimonTye #ChinaLuxuryConsumerForecast #Luxury

The issuer is solely responsible for the content of this announcement.

MDRi

Based in Hong Kong and with operations in London and Singapore, MDRi is a leading provider of business insights, empowering organisations with data-driven advice to make informed decisions and drive growth.

Through advanced analytics, industry expertise, and innovative methodologies, MDRi uncovers strategic opportunities, mitigates risks, and helps businesses stay ahead in a rapidly evolving marketplace. With a commitment to excellence and client-centricity, MDRi is revolutionising the way organisations harness insights for success.

The Mishcon de Reya Group

The Group is an independent, international professional services business with law at its heart, employing over 1450 people with over 650 lawyers. It includes the law firm Mishcon de Reya LLP and a collection of leading consultancy businesses that complement the firm’s legal services.

Mishcon de Reya LLP is based in London, Oxford, Cambridge, Singapore and Hong Kong (through its association with ). The firm services an international community of clients and provides advice in situations where the constraints of geography often do not apply. Its work is cross-border, multi-jurisdictional and complex, spanning seven core practice areas: ; ; ; ; ; ; and .

The includes consultancy businesses , (in London, Singapore and Dubai), , (in Hong Kong) and . The Group also includes , which invests in the most promising early stage legaltech companies as well as the Mishcon Academy, its in-house place of learning and platform for thought leadership.

Earlier this year, the Group announced its first strategic acquisition in the alternative legal services market, flexible legal resourcing business Flex Legal. It also acquired a majority stake in Somos, a global group actions management business.

Lao Government Introduces Digital Border Fees for Tourists

Boarder in Laos (Photo: Gearhead)

Starting 1 September, the Lao government began collecting a fee of LAK 10,000 (USD 0.46) from all domestic and international tourists, including group tours and individuals, at all international border checkpoints.