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iPad for 13 US cents: Hong Kong mall operators pull all stops to attract local consumers amid weak spending

From scmp.com

If you’re interested in getting an iPad for HK$1 (13 US cents), look no further than East Point City shopping centre in Hong Kong’s Tseung Kwan O district. The catch? Shoppers must have spent HK$15,000 at any of the mall’s stores to get the offer, which is valid until Wednesday. Many of Hong Kong’s mall operators are offering eye-catching promotions of up to 90 per cent off, in their latest bid to aid tenants by drumming up sales amid a worsening economic outlook. “Retailers are facing a life-or-death moment,” Annie Tse Yau On-yee, chairwoman of the Hong Kong Retail Management Association, said in a letter last week ... (full story)

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