In the Media

Companies need to understand the currently observable technologies and consider whether to apply these technologies directly or to conduct further research and development. Second, the application of design thinking is crucial, as it helps businesses achieve cross-disciplinary innovation and conduct diverse experiments based on market insights. Third, the management culture and internal management models of companies are also very important, as these factors can facilitate the advancement of innovation projects.

Hong Kong saw a strong start in its tourism sector in the first quarter, and during the peak visitor numbers during China's May Day holiday. That said, the boom hasn't resulted in increased spending—visitors even found ways to save money, such as staying overnight at fast-food outlets. How can Hong Kong break the cycle of high visitor numbers but low revenue? Is there anything the industry could learn from Pop Mart, the company that hit overnight success in reputation and sales?