News

22 May 2020

Understanding Future Markets: United States

As parts of the United States open up, all eyes are on the consumer: how will the lockdown have changed the American consumer’s spending habits? To understand this, we recently looked at spending downturns in the last two decades, plus current trend information, to understand how apparel spending in the US might shift. Our findings are that the prolonged store shutdowns, plus the impacts of stark employment prospects against student debt, mean that past recessionary spending leaders (the...

Tags: Business Practices , Strategy

22 May 2020

‘Open Innovation’ and the ‘New Normal’

In April, 2020, a unit within the Fung Group launched the Loop – an open innovation crowdsourcing initiative supported by the Academy. This initiative taps into the collective knowledge of all employees to aggregate and then filter ideas for the business. The program is run through a set of time-boxed online challenges in which the community ideates, discusses, and votes. In their first challenge, the Loop asked colleagues: “How might we envision different ways-of-working as part of our new...

Tags: Crowdsourcing , Online Platform , Open Innovation

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Privacy Policy

When / If Fung Academy collects information from you, its policy is to comply fully with the requirements of the Personal Data (Privacy) Ordinance (the “PDPO”) which regulates in Hong Kong the treatment of personal data. Personal data is any information relating to any living individual from which it is possible to identify that individual. In dealing with personal data, Fung Academy will ensure its staff comply with the standards of security and confidentiality prescribed by law.

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Where personal data is stored electronically, it will be kept in a password-protected form. Personal data, whether stored in electronic form on computers or in hard-copy form, will be accessible only by authorised officers or employees of Fung Academy. Persons designated by Fung Academy to handle personal data will comply with this Privacy Statement and/or any other relevant obligations under the PDPO, and told how to fulfil Fung Academy’s obligations to you.

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any personnel, agent, adviser, auditor, contractor or service provider who provides services or advice to Fung Academy in connection with its operations, or any affiliate or subsidiary of Fung Academy, who is subject to a duty of confidentiality;
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