Loss-making Hongkong Post braces for more challenges amid Covid-19 restrictions, pins hopes on cross-border e-commerce

Hong Kong’s struggling postal service is bracing itself for more challenges ahead as airfreight restrictions mount amid the Covid-19 pandemic, but it is banking its future on cross-border e-commerce.Hongkong Post is government-owned but run on a self-financing basis. It recorded a HK$198 million (US$25 million) deficit in the 2020-21 financial year along with a 23 per cent drop in volume of international mail, said Postmaster General Leonia Tai Shuk-yiu, who took up the role last September.“We…

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