China National Culture Group Limited (HK:0745) has released an update.
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China National Culture Group Limited reported a strategic shift in its advertising business from the PRC to Hong Kong due to economic challenges, including a decline in consumer confidence and increased industry competition. Meanwhile, their e-commerce sector experienced growth, driven by rising demand for used iPhones and parts. The company is focusing on strengthening its market position in Hong Kong by offering customized services and regularly reviewing its e-commerce product mix.
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