Blockbuster enters the fray in Hong Kong; rental giant steps into market as VCDs are gaining ground on VHS

Article Abstract:

Blockbuster Inc is about to deal with massive competition as a result of Hong Kong's fast-changing entertainment taste. Hong Kong's video-compact disk (VCD) industry is experiencing a boom since the shutdown of KPS Retail Stores Ltd. One of the major reasons for the surge in VCD popularity is price. This has resulted in the increase in the percentage of homes owning VCD players and the decline in the number of people with video home system format. Another major factor affecting VCD popularity is the proliferation of pirated VCDs which is, in turn, fueled by parallel-import laws.

United States, Market share, Motion Picture and Video Industries, Prerecorded Tape, Compact Disc, and Record Stores, Motion Picture Production & Services, Video Discs, Record & prerecorded tape stores, Videotape Sales & Rental Stores, Video recording industry, Videodisks, Video stores, Videodisc industry, Blockbuster Inc.

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Hong Kong's job market has bright side: employers seek executives, skilled workers as demand starts to rebound

Article Abstract:

The Hong Kong job market has retracted considerably but the increase in demand for skilled workers and executives in August 1998 may signal a rebound. EL Consulting principal Alfred Chown reports that executive job vacancies are starting to stabilize while Philip Gringes of Bennett Associates Ltd reports that employers are being more selective of their employees and that prospective employees need to be more 'multi-skilled.'

Unemployment, Employment, Executives

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Delivering Starbucks to China

Article Abstract:

Starbucks Coffee International of Seattle, WA, signed a deal with Lawrence Maltz, a former Starbucks executive, to establish franchise outlets in Beijing, China. Maltz dispatched seven recruits to Tacoma, WA, on a three-month period to learn firsthand about the US West Coast lifestyle. The approach is designed to incorporate management principles about motivation with the company's unique unconstrained counter culture.

Drinking places, Drinking Places (Alcoholic Beverages), China, Foreign operations, Bars (Drinking establishments), Coffeehouses, Starbucks Coffee International Inc.

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