Hongkongers bargain-hunt at Shenzhen Sam’s Club
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- čas přidán 4. 09. 2024
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A growing number of Hongkongers have been travelling north to the mainland Chinese city of Shenzhen on shopping sprees, drawn by wider retail choices and the relative strength of the Hong Kong dollar against China’s yuan. Among the droves of bargain hunters are those taking cross-border buses or signing up for shopping tours to visit a US warehouse supermarket in Shenzhen.
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"You feel happy about spending money here" is a great quote. Honest and relatable.
Never had a problem with Amazon so guess could say that too
FYI, for those curious: The reason why Sam's Club and Costco prices are generally cheap and similarly priced across all stores globally is because of their profit model. They average the cost of all goods globally (with only slight variations in pricing locally), even if the combined total cost of goods and overhead are above their sale price (ergo, taking a net loss per sale), they are find with it because the majority of their profit actually comes from the membership itself, not the sale of goods. Of course, profit from sales of goods is better.
They currently have 123 million members worldwide. At around $40 bucks a member (minimum, some have more expensive memberships), that's about 5 billion USD of pure profit without even doing anything.
They make you think you get a bargain
@@onlineshoppingjakarta7338 it is in the US at least? $40 annually is less than $3.33 a month and you're getting some of the best prices on groceries. Just because big company profits doesn't mean the average citizen is being ripped off; it's just mutual benefit.
@@onlineshoppingjakarta7338even with membership dues, Costco is still a bargain. I save enough just on toilet paper and coffee every year to justify the dues.
@@onlineshoppingjakarta7338 you are actually getting a bargain compared to your local grocery store.
so basically to make costco out of business, 1 district could use the same card
Remember when Hongkongese refer mainlanders locusts when they went to hongkong and did massive shopping, I guess the time has changed.
至少大陆人不会叫他们蝗虫，除了黄丝
Not all Hong Kongers. In fact half of the residents in HK came from the north, while the rest are descendants of Mainlanders. The young are easily conditioned and manipulated to even hate their own parents. 😂
if i could ONLY spend $150- at sam's or costco, I'd be so happy 😂
you can if you're single😂
@@draco2xx single don't shop at costco for food or produce except frozen stuffs. Single person usually buy alcohols and electronic which can be quite expensive
I’m single I spend $300, but I only buy organic fruits, veggies , meats ..
I'm single, spend about $120 a week at Costco. Gets me enough for a week and replaces what I'm low on. It's... not hard
$32 for a chicken is crazy
its 32 hong kong dollars, or 4 US dollars
@@bb4251rewatch the video, it’s HK$250 or 32 USD.
@@bb4251bb, you need to rewatch the video.
@@bb4251 The chicken is 250 HK dollars which is equivalent to 32USD
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Many elderly uncle & aunties so exitedly happy for the weekend shoppers trip. Spending money so fun.
Shenzhen is better city than congested HK.
Sam's Club is OK but wait till Costco gets there. The folks there will literally dance with joy!
They already have Costco in Shenzhen. 6 across the country.
@@alectang1614 It hasn't opened yet, it opens on Friday, Although I think Sam's Club will still be very popular as it's been open there for over a decade
@@alectang1614 there but not open yet
@@jw6451 I meant already in China. Costco opened in 2019 in Shanghai.
Costco is already in China. There are many Walmart stores in China as well.
when i visited Hong Kong a long time ago every stores are filled with Mainlanders buying powdered milk and Ferrero Rocher. how time changed.
Sam’s club is trending in the big cities in China. They use social media successfully, especially Little Redbook, to promote their business.
what is the little red book? I was thinking of these books in the cultural revolution.
@@user-ue5fv1kq7u It’s the most popular social media used by Chinese youth. You can think it as Chinese instagram.
Facebook but communist. 😂😂😂
Everyone has a rich imagination, but the name of little redbook comes from a sentence in "Dream of Red Mansions": A red flower presses begonia, which means "small but beautiful". It has nothing to do with either communism or the Cultural Revolution.😂😂
Never heard of that sentence before, because the little red book is literally the name of the propaganda book of Mao's ideology at that time, right? @@ljp0213
stop the hate, we are all family. in 150 years we will all be dead and gone. lets all get along.
This is quite intresting sales model, a trip agency charged $68 each which include a $18.5 Sams Club membership , aconmodation and travel . It seems they were losing money on this, but it is really smart. First, nobody can buy bulk at Sams Club without his/her own car, so even if the first tour the agency lose $18.5 on the revenue, they would exepct the group to utilized their service as a subscription.
same thing with singaporeans going to johor bahru in malaysia for shopping..singapore and hk shares way too much similarities..
You wont see any Chinese attacking Hong Konger for shopping in mainland and speaking Cantonese.
Gone are the days when mainland Chinese flock to HK for bargains. The table has turned 😂
Cantonese is more Chinese than mandarin. So how is that wrong?
Elitism in HK. Hker used to discriminate against mainlanders coming to HK to buy stuff. How to turn table.
@lars-akechesburg9911 😂😂你可能不知道粵語更中國，這其實是外部勢力想要離間香港与大陸的一種陰謀論，但，沒關係，中國一直強調保護本土語言，繁榮地方文化，並且國家好像還有立法保護語言文化的。衹是少數人喜歡拿粵語說事而已，畢竟是少數。
From factories to retailers, within the same country
Things don’t sound cheap in Shenzhen. They must be crazy expensive on Hong Kong.
well wages aren't great here, but hongkong's prices is really expansive. Weirdly, electronics and luxury items are cheaper in Hongkong but everyday items are almost twice the price of shenzhen(which is already expansive)
@@TeterPiago123 这有什么难以理解的，香港关税低，大陆关税高，所以贵。。大陆关税高是为了保护哪些小中产。。不要被媒体洗脑。。
@@yongzhu8454 可能我英文不好吧，说的不太对，关税这我知道
@@TeterPiago123capitalism at its finest
Twenty years back mainland Chinese flocked to shop in HK but now its reverse..
you hire a tour guide to bring to you to supermarkets??
Next level consumerism
This is so common in JB of Malaysia, Singaporeans come in droves to get bargain. Some even fill up subsidised fuel meant for locals during their field trips.
walao, you forgot to mention that singaporeans only can fill up half the tank... not exactly worth queuing up 45 minutes at woodlands...
They also snap up fake goods and cheap vegetables dumped by transporters rejected by AVA.
There's no Sam's Club, Walmart, Costco, etc in Singapore because they would put all retailers out of business if they came. Someone is protecting the interests of their retailers which ream their residents with the highest prices in the world.
This is so common in Perak of Malaysia, kiasu people from KL and Selangor come in droves to get bargain . Some even fill up subsidised fuel meant for locals during their field trips
Not enough space and square meter to expensive@@sarabeth8050
Sam's Club is not a supermarket. It's a bulk seller warehouse.
That’s what they call it… but most people use it like a supermarket.
@@HeyUncleAyea pretty much I do see plenty of people who do have the business card member which gives them more benefits and no tax and mostly are small stores or food trucks and such.
Finally more people get to experience the costco experience. Some western countries costco are popular destinations for chinese living overseas
Sam's Club. Not Costco.
@@bobbeattie9695 costco (formerly price club) opened in 1976, sams club opened in 1983. costco is the older and better of the 2 stores, which is why the poster was correct in saying "costco experience" walmart saw what price club/costco had, and copied it and gave it the name sams club. thats why sams club looks just like costco inside.
This scenario is the same as Singaporeans going into the state of Johor in Malaysia for shopping.
Man, back then HK was the gate into China.
How the table has been turned around
Remember when mainlanders flooded HongKong for baby milk powder? What times.
population is real power. you can negotiate pricing treaties or whatever but in the end, it's all about population. you can work on everything else
And now China is Hong Kong’s gateway to American membership shopping!
What do you mean? People used to go to HK to get into China mainland? This video proves just that, does it not?
Same with Washington people going to Portland to avoid sales tax.
I wonder do they check their receipts on the way out,
The crazy thing is you can get a lot cheaper chicken and other items in other parts of ShenZhen…
How do everyone at the same time bring back all of their purchases if they came in buses?
I was today years old when I found out Sam's club is owned by Walmart. The name makes so much sense now.
Dang I didn’t know Costco/Sam’s club had tours? 😂
What I don't understand is, these places normally you go because you buy in bulk.... but let's face it, apartments in HK and in the region are not made for people that buy in bulk. So what is the advantage?
it's for fun, just a novelty. they have the tour busses n everything. don't need to overthink and overanalyze everything
lol... concept I don't really understand, even though I am what I would consider a big consumer.
1:02
I thought it was much to travel 2 hours just to shop but to save a whopping 25$ on chicken!? How is food getting more expensive when were getting more advanced?
32 dollars for a chicken????
Does anyone find it rather hypocritical that Hong Kongers want to be free from a 'repressive' regime yet flocks there for shopping?
One could almost mistake this for North America, I imagine China is safe for the Chinese as long as they don't criticize the government or try to expose corruption of government officials. In North America it is similar though, I spent a year in the psychiatric ward for challenging Miriam Home and Services, and trying to expose them for abusing their clients, I was the only client who was capable of speaking out against them because I was
high-functioning and had aspergars syndrome, now Miriam Home and Services changed my diagnosis in the psychiatric ward they controlled to paranoid-schizophrenia to discredit my allegations of corruption and abuse, so the West is not that different from the East, political prisoners are still sent to psychiatric wards in the West like in the former Soviet Union.
That looks like a Costco!
Sam Club is Walmart's version of Costco.
What? A roasted chickens sells at 250HKD??? really? why?
Because of Capitalism 😊😊. BTW, I'm joking, but I believe it's because of the limited and expensive land in Hong Kong that makes food and essentials expensive.
That’s what they call rotisserie chicken. Unless you have a big house, buying things in bulk doesn’t make sense for Hong Kong families. In the US, families shop at Costco/Sam’s Club and put everything in the freezer or basement storage.
many of them buy to resell or buy for the entire family or groups of families
@@jw6451heck my family does that here in America. We buy the giant 2 pack of whatever at Costco and I take one and my parents take one. Nothing extra to store.
Powering to fridges vrs daily Paris baguette?
Rotisserie chickens are cheap everywhere. At the end of the day they announce that they're 1/2 price so I got one for A$6 ($4 USD) the other day... And HK has similar grocery costs than Australia.
It doesn't make sense for most Chinese families neither. But the middle class have a crush for it.
Where is everyone stocking those jumbo size merch in their 300 sq ft flats
In the bathroom
under their beds lol
Roast chicken in Hong Kong $31.
Roast chicken in Somalia $1.
So? It's been happening for decades.
Rentals are too high in cities like Hong Kong. It push and drive out businesses in the end leaving only a few to form monopoly in it. Singapore is also a classic example like this.
Singapore different
Prices in Hong Kong are too high, and there are basically no local manufacturing factories.
Another example that HK cannot survive without mainland.
So no more protests in hong Kong about China?
Life goes on.
Thanks for the security law
CIA didn't fund the local destabilizers anymore😕.
their hands are full with zelenskyy and israel i guess.@@ryangonzales7716
Why HK is not built-in another Sam's club, costco and other International outlets stuff in HK itself.
Not enough for profit
nobody call them grasshoppers?
So basically HKers are like the Chinese tourists here in the west. Instead of going to outlets and department stores they go to Sam’s club.
0:02 of course they are not local. they are from a different country
hello scpost, the intro to a home goods store in china was for the people there to know small purchases are at discount prices in a building as big as macy's for food, bath, and dine at home. if only the village heads remember that these food or bath items are not in our uncle and aunts single stores in our tiny streets just downstairs our building homes - the small convenience stores. the older man with a gym bag to carry the cans - were asking for campbell soup but found another type of food in cans. it is a nice place for exercise walk and walk out with a snack or two once in a while for my parents faraway from you there. elle for members
Namaskar 🙏🙏🙏🙏
China has built 42,000 km of High speed Rail to connect all of its big cities.
Meanwhile Our rusty Indian trains crash every month turning thousands of Indians into curry paste. Its like we are living in different Millennia 🙏🙏🙏🙏
i can't tell if this is a troll post
Better than the USA, we don't have trains. You Indians are a million years ahead of us.
You're Chinese, so am I. But you're a complete idiot and this kind of trolling isn't funny. Even we disagree with India about many things, their country is improving and will eventually fix many of their problems.
@@lars2894You're just an Indian troll. The U.S. has the best railways in the entire world.
@@americarules9377 maybe for freight since they own the US rails and have priority. But for passengers, US rails are way behind most countries throughout Europe and especially Japan. Going from city center to city center at near 200 mph is great
Chinese people go to another Chinese city to buy Chinese made products own by an American billionaire. I personally prefer to shop local and support independent businesses whenever I can. This is what keeps culture, and your neighborhoods alive.
in Chinese law, international firms cannot establish any kind of stores or factories here if parts of the ownership of the store is not Chinese... so they are techincally pumping money still into the Chinese economy.
Carrefour used to operate in Hong Kong, but eventually closed its business there.
They openly stated that the dominant market players, Wellcome and ParknShop, exerted pressure on suppliers, urging them to refrain from doing business with Carrefour under the threat of boycott. The heyday of these colossal local chains finally reached a critical juncture, compelling them to confront the situation.
But Carrefour's business in China is also shrinking rapidly, and many branches have closed down. Some analysts believe that the sales business associated with online live broadcasts, and warehouse-style supermarkets like Sam's Club have eroded market share.
Reminds me of Americans and Costco lol
Can foreigners apply who lives in Hong Kong and not Shenzhen?
Looks like Costco
I try to be as efficient as possible when going to Costco. I don’t wander, buy what is on my list, and get out quickly. Meanwhile there are people paying for tour tickets to a warehouse store 😮.
That includes a year membership for 2. And food as well. So not making any money on that deal. Probably working for tips,,
With a stronger currency?
There are no bargains in these store, except that whole roasted chicken. Everything is more expensive compared to your neighborhood grocery.
so is Sam's Club more popular than Costco in China or not?
2 hrs is nothing compare to what you could have save…
so literally after discounting the food accommodation, transportation, and membership fee, the tour fee is more than halved. No wonder it's crowded. haha.
because of the thumbnail, i thought it might be costco.
Low prices for comparable products attract. Hong Kong merchants should realized they are pricing themselves to extinction. Shenzhen is only less than an hour from HK.
i dont know how people in HK can fit bulk purchases when they can barely put furnitures... this is only for the rich
We need Sam's Club in Singapore.
Theres no point in buying all the things they buy. They wont have space to put it in HK
The future is China, especially the Greater Bay Area. China is building out it's future Infrastructure for the GBA and it is like 20 years ahead of it's time compared to the West. Shenzhen is leading the way for the technology and the new lifestyle. Everything is like 20x bigger and better than in HK and the costs is much lower. If the China Government can slowly bring the business of HK to the GBA with salaries being higher in the GBA and tax incentives for business to run there, it will flourish even faster. The China GBA will be the biggest GBA in the world.
the future is china as long as china can copy and steal from the west. virtually all innovation comes from the west up until recently with EV batteries.
@@jw6451I think it's the other way around. The West isn't that interesting much and they're playing catch-up. The West is over hyped and over priced for what you're getting.
@@pleiadesstarr453 you say they, yet you can easily check all the largest companies by market cap that are in the US.. all the innovative tech and defense contractors in the US that china regularly steals from.. etc etc you can try to ignore it, but it's there and it'll be like that until china can truly innovate on their own. the only place the west is falling behind is EV adoption and infrastructure/public transit.. and that's a fault of US companies themselves unfortunately.
@@jw6451which country is named west ???
@@jw6451is usa ? Now it's not west anymore ?
Which is better costco or sam club?
No real difference. Just go to which ever is closer. 😎
Why the candy so big?
so pointless. the time spent travelling there cuts the savings
三十年河东，三十年河西
Shopping is such a chore. I can't imagine buying a ticket to shop at Sam's or Costco, on top of membership fees. It's like paying your boss so you can go work for him.
Why don't these people shop online? Don't Sam's and Costco have online shops in China/Hong Kong?
It is when money is tight, and the savings significant when compared to wages.
You're looking at it from the wrong perspective. If you'd only shop at these warehouse stores once or twice a year, then it's definitely not worth it. However, if you have a big family or are a business owner, the membership price pays for itself ten times over. Especially with the much reduced price in gas/fuel as well. Not to mention their ready-to-eat meals are a super bargain as well.
I can't imagine buying huge amounts of food for daily consumption, only leads to overeating or dumping food. Go for discounters like Lidl or Aldi
@jjpark1989 why would anyone eat garbage American 🇺🇸 meals?
@@miaya3898 clearly you have garbage-level intelligence. Those are mostly Chinese products being sold. 🤦🏻♂️
Sam's Club is basically buying from Walmart in bulk. Costco's products are better.
I didn't know hongkongers have houses big enough for a week's grocery.
作为山姆会员我只想说：鲜肉水果值得买，其他日用品还是京东更划算。
The tied has turned. Hong Kongers used to complain about Mainlanders crowding Hong Kong. Now it's the opposite.
really? there are now only 7 million mainlanders and over a billion hongkongers trying to clean them out?
Eh what's 7.4 million people compared to 12 million people anyway
China is confusing.......they ask for HongKong to be returned.......and then residents of Hong Kong has to do a "Cross Border" to get to Sam's Club? Why should there be a border within zones of a country?
One country two systems. That how they wanted it.
It's because of the British. They said that Hong Kong and Macau can maintain their autonomy and own government for 50 years after being returned to China.
Hope Shenzheners will not resent Hong kongers buying off the stuff. Unlike before Hong kongers resented Mainlanders buying out milk.
They can handle the influx hk was struggling due to size difference
Shenzheners? Much of those who live in Shenzhen are migrants coming in from other parts of China.
no, hker is just like child , the mainland is parents, it wont do that to child
cannot tell if you are serious, hk's entire population barely cracks 7 million, shenzhen by itself has over double that population. mainland china has 188X (18800%) the population of hk. and you're worried about a few hundred hkers crossing to load up a taxi's worth of product on the weekends? is your brain working?
there aren't a billion hkers buying out product made for seven million mainlanders.. situation is completely different
Beware of fakes
So now it's mainlander's turn to resent these shoppers and ask them to go back to HK for their shopping spree.
Same here we go to Batam and Johor to shop for cheaper goods
Greetings, competition for Sams?? Marvelous. US companies investing in China?? Where is the decoupling? True free trade without sanctions. Who are the true believers of free trade?
Well it's much better for the retailers also even selling at a low price, than opening at the U.S. it self and being raided non-stop..
better low income than none at all..
Bro this is Costco from the east
Chinese and Americans are the just two sides of the same coin, both are so intoxicated with consumerism and capitalism.
But Americans don't deny being capitalists, unlike the Chinese paradox..
Costco is the best when I used to shop in bulk.
Li Ka Shing must be panicking for his supermarkets right now. They always sold the most expensive and out of date fruit and vegetables. Looks like the monopoly board got bigger.
For sure not locals cuz they have a lot of other options
As long as they don’t sell fruit in clamshell packaging, they’ll be fine.
I loved Chupa Chups but the paper holder ruined them for me
I wonder if those chickens are grown with massive injections of Hormones, and fed with GMO corn / Soy.
I am not sure, but you DON'T HAVE TO BUY IT!!!!
😂 that's our son!
Usually big club item buyers buy a lot and in bulk. How do these HK buyers manage to bring everything they bought back home?
they pile it up
these wholesalers don't fit well in HK where land is expensive and people live in small apartments without owning vehicle and shop/supermarts are just downstairs from their apartments while selective costco items have been selling everywhere in HK for decades by resellers.
Sam's Club's Rivals Costco is gonna be opened 2 days later in their nearby location in Shenzhen, Sam's Club is terrifiying atm
Oh, how the turn tables...
Love how the US condemns China but has no issues setting up shop.there.
Democracy via capitalism via incrementalism.
china regularly condemns the US too yet there are thousands of new mainland chinese immigrants to the US and new mainland chinese businesses opening up in the US every year ? what's your point?
Love how Chinese condemns US, but have no issue illegally ‘migrating’ to US. 😅
Love that you take offense here while China has no issue standing on two boats and favor capitalism
The government of china is the problem,
The (common) people are just trying to survive@@browncony3897
The people at SCMP can't be bothered to pronounce yuan in a way that's not you-an?
I use money to buy time, they spend time to save money.
What a pathetic sight!
Chinese hates America but shop at American’s brand 😂😂.
Many Chinese still don't believe in their own country's products haha. They have the manufacturers to thank for that.
China allows American's shop opening in china but US not allow Huawei, dji. it's free market.
And the Hongkong BNOs went to UK for more expensive and limited products.
They chose freedom
This Sam’s club looks more like Costco
walmart founders saw price club (predecessor to costco) in 1976 and copied them and opened sams club in 1983