Hong Kong Technology Exploration (01137.HK): Analysis of Competitive Landscape and Business Resilience

This analysis is based on information published by Tushare dc_hot (East Money App Hot List [Surge List, Hong Kong Stock Market]) [0], involving Hong Kong Technology Exploration (01137.HK). Key points of the event include: its subsidiary HKTVmall, as a major e-commerce platform in Hong Kong, faces direct competition from JD Group; Wang Weiji, the company’s chairman, announced at Vision Day 2025 an investment of HK$250 million to enhance promotion [4]; the order merchandise transaction value in October 2025 increased by 6% month-on-month [6]; the overall sentiment is mixed.

1. Changes in Competitive Landscape
   : JD’s entry into the Hong Kong market poses a direct challenge to HKTVmall’s market share [0]
2. Business Resilience
   : The order merchandise transaction value in October increased by 6% month-on-month, showing short-term resilience, but the 4.3% year-on-year decline reflects long-term pressure [6]
3. Management Strategy
   : Wang Weiji actively responds through share increases, promotions, and business innovations (such as live streaming expansion) [0,4]

• Intensified Competition
  : Mainland e-commerce platforms entering the Hong Kong market intensify industry competition [0]
• Structural Challenges
  : Hong Kong’s retail industry faces structural challenges from changing consumption patterns and intensified competition [0]
• Long-term Growth Pressure
  : The 4.3% year-on-year decline in order merchandise transaction value reflects long-term growth pressure [6]

• Digital Transformation
  : Expansion of live streaming business and launch of new sales tools are expected to enhance user stickiness [0]
• Management Support
  : Management’s share increase and promotion strategies show confidence in the company’s future [0]

Hong Kong Technology Exploration (01137.HK) is an important enterprise in the Hong Kong stock market’s internet retail sector. Its subsidiary HKTVmall faces competition from new entrants like JD. Recent business shows short-term resilience but needs to address long-term pressure. Management actively responds to market changes through share increases, promotions, and innovations.