Hongkong Post must deliver on innovation to survive
Like many of its overseas counterparts, Hongkong Post is struggling to survive amid an increasingly challenging environment.
While the government’s request for Legislative Council approval of a HK$4.6 billion lifeline is a necessary step to maintain an essential service for the public, the city’s postal service needs to think outside the box to reinvent itself in modern times.
The bailout being sought after eight consecutive years of deficit totalling HK$2.9 billion – a peak profit of HK$1.23...