Ge Long Hui A P P·2025-11-10 00:09Core Viewpoint - Hong Kong Technology Exploration (01137.HK) reported a slight recovery in its e-commerce business in October 2025, primarily driven by the October Thanksgiving festival [1] Group 1: Business Performance - The average daily gross merchandise value (GMV) increased by 2.8% to HKD 22.2 million in October 2025, compared to HKD 21.6 million in September 2025 [1] - The total monthly GMV reached HKD 688 million in October 2025, up from HKD 649 million in September 2025 [1] - The number of independent customers rose to 620,000 in October 2025, reflecting a monthly increase of 1.6% and an annual increase of 2.3% [1] Group 2: Customer Engagement - The number of monthly active independent devices increased to 1.61 million in October 2025, up from 1.57 million in September 2025, indicating stable growth in traffic [1] Group 3: Industry Challenges - The retail sector in Hong Kong continues to face structural challenges, influenced by shifts in consumer behavior, increased outbound tourism, and intensified competition from mainland and international e-commerce platforms [1]