Connect with us

Economy

Hypefest Hong Kong 2024: An Unforgettable Weekend of Music, Art, and Community

Published

on

Hong Kong’s first two-day outdoor music and cultural festival hosted by Hypebeast, featured 24 musical acts alongside a multitude of brand activations, art installations and interactive experiences.

HONG KONG SAR – Media OutReach Newswire – 3 December 2024 – Hypebeast, the leading global platform for contemporary culture and lifestyle, concluded Hypefest Hong Kong 2024 on November 9-10. Financially supported by the Mega Arts and Cultural Events (Mega ACE) Fund under the Culture, Sports and Tourism Bureau of the Hong Kong Special Administrative Region Government and supported by iMe Entertainment Group, Hypefest Hong Kong 2024 marked Hypebeast’s largest event in Hong Kong to date. Despite the impact of Typhoon Signal No. 3 and rain, the 2-day weekend event attracted over 28,000 festival-goers gathering at the Central Harbourfront Event Space – the city’s largest outdoor venue – to soak in the spectrum of contemporary and diversified cultures that Hypebeast had to offer.

PublisherTMPN80VZM.jpg

“Hypefest Hong Kong 2024 is the largest initiative we’ve ever done in Hong Kong. We are excited to welcome all visitors from around the world to celebrate fashion, art, music, culture, and community over one amazing weekend. At Hypebeast, our mission is simple – to bring people together in meaningful ways. We are here to create authentic experiences that inspire everyone. And most importantly, we are here to give everyone an opportunity to express their creativity, passions, and dreams. Hypefest Hong Kong 2024 is truly the perfect venue to make this all happen,” said Mr. Kevin Ma, Executive Director and Chief Executive Officer of the Hypebeast Group.

“We are thrilled to support Hypefest Hong Kong 2024, a pivotal event that aligns perfectly with our vision for growth. Our commitment to expanding regional showcases, including music festivals, reflects our dedication to fostering vibrant cultural experiences. Together with Hypebeast, we aim to create unforgettable moments that celebrate creativity and community,” stated Mr. Brian Chow, Chief Executive Officer of the iMe Entertainment Group.

Over the course of the two-day event, Hypefest Hong Kong hosted 24 musical acts headlined by internationally recognized South Korean-born DJ Peggy Gou on the first day, and French electronic music duo, JUSTICE, who concluded the second day of the festival. Apart from the closing performances by the headliners, the music stage showcased a diverse combination of genres that featured a carefully-curated mix of international and regional performers such as ADOY, Awich, ONE OR EIGHT, Rich The Kid, sunkis and more.

In addition to the live performances, the festival was jam-packed with unprecedented and unconventional experiences. Exclusive collaborations stood out as a major highlight with limited edition “Sun Bleach” items with Jiyong Kim, PIET x Oakley and Prodip Leung collaborations, Wing Shya’s capsule, BE@RBRICK Audio’s Hypefest-exclusive speaker and music line-up merch by Peggy Gou’s PEGGY GOODS, as well as JUSTICE available at the flea market.

The festival was nothing short of things to see and do, with Coin Parking Delivery’s larger-than-life inflatable art installation, SIMON’s live-art painting, ASICS SportStyle’ pop-up experience where guests were welcomed with an immersive digital installation, Timberland’s “TIMBS it YOURSELF” customization workshop with Hypefest-exclusive shoe accessories, Mercedes-Benz’ G-Class display and more. Brand pop-ups featuring 432hz, LeeeeeeToy, PabePabe, Raw Emotions, Ballaholic and COSTS were reimagined through interactive carnival games, keeping festival-goers entertained and inspired throughout the weekend. Additionally, the majority of limited-edition collaborative products, including JUSTICE’s T-shirts, Hypefest-exclusive PEGGY GOODS collection by Peggy Gou, and the LABUBU figure created by Kasing Lung in collaboration with 432hz, quickly sold out within two days.

The food village also impressed the visitors with tantalising treats exclusively available at Hypefest Hong Kong 2024. Participating vendors including BaseHall presents: Draftland, Bengal Brothers, Devil’s Tea, Dionysus & Loong, Honbo, Jeonpo Meat Shop, Snack Baby and SONNY’s, who all presented their signature dishes and exclusive menus, making sure festival-goers were replenished and energised.

Hypefest Hong Kong 2024 was made possible by the financial support from the Mega ACE Fund under the Culture, Sports and Tourism Bureau of the Hong Kong Special Administrative Region Government. Supported by iMe Entertainment Group, the leading entertainment company in Asia, the event offered a memorable and innovative experience to all attendees, while celebrating the vibrant fusion of cultures in Hong Kong.

For more information about Hypefest Hong Kong 2024, visit hypebeast.com and follow its social media channels for more.

Website: hypebeast.com
Instagram:@hypebeast @hypefest

Hashtag: #hypefest #hypefesthongkong2024

The issuer is solely responsible for the content of this announcement.

About Hypebeast

Founded in 2005, Hypebeast is a leading platform for contemporary fashion and culture that highlights curated brands and emerging lifestyles through editorially-driven news and features. Its devotion to discovery has made it one of the premier online destinations for fashion and lifestyle editorial and news. Currently operating in over 15 markets, readers can stay up to date with the latest culturally-relevant news and developments on men’s fashion. For more information, visit Hypebeast.com.

About Mega Arts and Cultural Events (Mega ACE) Fund

The Mega ACE Fund set up by the Culture, Sports and Tourism Bureau aims to attract and support international and large-scale arts and cultural events to anchor in Hong Kong. It targets mega arts and cultural events in Hong Kong organised by the private sector or non-governmental organisations, with a view to developing Hong Kong into an arts and cultural metropolis, providing opportunities for the arts and cultural sector to flourish, as well as fostering Hong Kong’s development as an East-meets-West centre for international cultural exchange.

Project Grant
The Government of the Hong Kong Special Administrative Region provides funding support to Hypefest Hong Kong 2024 only, but does not otherwise take part in it. Any opinions, findings, conclusions or recommendations expressed in the materials/activities (or by members of the Grantee’s team) are those of the organisers of Hypefest Hong Kong 2024 only and do not reflect the views of the Government of the Hong Kong Special Administrative Region.

About iMe Entertainment Group

iMe Entertainment Group, the current leading entertainment company in Asia. Established in 2006 as a concert promoter and artist management company, iMe has since expanded to 10 countries, organized major events in more than 50 major cities in Asia- Pacific region.

Over the past 16 years, iMe has gradually developed entertainment contents consist of concert/live events, artist management, promotion & marketing, and fan base interaction platform, as being the key business elements. iMe committed to grow its scale with producing effective strategies of developing management teams, aiming to deliver innovative and best results for all business partners.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Economy

Naira Appreciates to N1,567/$1 at Official Market

Published

on

Official FX Market

By Adedapo Adesanya

Data obtained from the Central Bank of Nigeria (CBN) has shown that the Naira appreciated further against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Thursday, December 5 by N46.69 or 2.9 per cent to settle at N1,567.00/$1 compared with the preceding day’s N1,613.69/$1.

The value of the local currency has been improving since the CBN-backed Electronic Foreign Exchange Matching System (EFEMS), which sets new guidelines for authorised Foreign Exchange (FX) dealers, became effective this month, boosting operational efficiency and transparency of the nation’s FX market commenced operation.

Since dealers are tasked with conducting due diligence, providing transparent pricing and offering market access through digital solutions, this has eliminated unnecessary pricing of the exchange rate.

The system offers spot-matching functionality to the interbank community for the US Dollar against other currencies. It allows anonymous orders to be placed into a central limit order book, which is displayed and matched with counterparty orders based on mutual trading limits and other parameters configured by each bank.

Yesterday, the domestic currency closed flat against the Pound Sterling and the Euro in the spot market at N2,044.86/£1 and N1,691.31/€1, respectively.

Similarly, the value of the Nigerian currency remained unchanged against the US Dollar in the black market during the trading session at N1,705/$1.

In the cryptocurrency market, Bitcoin’s (BTC) price plunged by 3.7 per cent to $98,006.76 on Thursday after its rapid retreat from its new all-time high of around $100,000 a day earlier.

On Wednesday, it had surged past the $100,000 mark for the first time in its history, fueled by institutional demand, corporate accumulation, and heightened expectations of crypto-friendly policies under Mr Donald Trump’s presidency, which commences next month.

Also, Dogecoin (DOGE) fell by 0.5 per cent to sell at $0.4377 and Cardano (ADA) slid by 0.04 per cent to trade at $1.19.

However, Litecoin (LTC) gained 7.9 per cent to quote at $136.60, Solana (SOL) added 2.8 per cent to settle at $239.40, Ripple (XRP) increased by 2.5 per cent to $2.36, Ethereum (ETH) rose by 2.3 per cent to $3,913.11, and Binance Coin (BNB) climbed higher by 1.1 per cent to $729.50, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) traded flat at $1.00 apiece.

Continue Reading

Economy

Customs Street Succumbs to Bears, Sheds 0.06%

Published

on

Customs Street Nigerian Stock Exchange

By Dipo Olowookere

The bears resurfaced at Customs Street on Thursday, pulling down the market by a marginal 0.06 per cent at the close of trading activities.

The loss recorded by the Nigerian Exchange (NGX) Limited was due to profit-taking in the banking and industrial goods sectors, which closed lower by 0.26 per cent and 0.24 per cent, respectively.

This happened despite the sterling performances put up by the other sectors, as the insurance index gained 3.13 per cent, the energy counter improved by 1.13 per cent, and the consumer goods space rose by 0.02 per cent.

When the bourse ended for the day, the All-Share Index (ASI) was down by 60.88 points to 98,114.11 points from 98,174.99 points, and the market capitalisation decreased by N36 billion to settle at N59.476 trillion compared with the previous day’s N59.512 trillion.

The worst-performing equity yesterday was Red Star Express, which lost 10.00 per cent to close at N4.41, FTN Cocoa depreciated by 5.61 per cent to N1.85, NPF Microfinance Bank declined by 3.23 per cent to N1.50, Neimeth slipped by 2.78 per cent to N2.10, and Prestige Assurance tumbled by 2.50 per cent to 78 Kobo.

The best-performing equities were University Press and Cornerstone Insurance, which improved by 10.00 per cent each to trade at N3.96 and N3.30, respectively, Sterling Holdings gained 9.98 per cent to finish at N4.85, Sunu Assurances appreciated by 9.98 per cent to N4.63, and Golden Guinea Breweries expanded by 9.84 per cent to N4.91.

Business Post reports that despite the poor outcome, investor sentiment was bullish as the NGX finished with 35 price gainers and 16 price losers, representing a positive market breadth index.

Champion Breweries was the busiest stock on Thursday with a turnover of 300.9 million units worth N1.2 billion, Fidelity Bank transacted 48.6 million units valued at N783.0 million, GTCO traded 40.2 million units for N2.1 billion, Access Holdings exchanged 35.6 million units valued at N858.9 million, and Lafarge Africa sold 29.1 million units worth N2.1 billion.

At the close of business, the trading volume increased by 38.53 per cent, the trading value went down by 35.68 per cent, and the number of deals went down by 9.82 per cent.

This was because investors transacted 723.0 million shares valued at N12.8 billion in 8,495 deals compared with the 521.9 million shares worth N19.9 billion in 9,420 deals.

Continue Reading

Economy

Crude Oil Dips as Investors Weigh Supply Expectations After OPEC+ Moves

Published

on

Utapate crude oil blend

By Adedapo Adesanya

Crude oil fell on Thursday as investors weighed the supply outlook after the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) delayed its planned output increase by three months to April 2025, with Brent going down by 22 cents or 0.3 per cent to trade at $72.09 a barrel and the US West Texas Intermediate (WTI) depleting by 24 cents or 0.35 per cent to finish at $68.30 a barrel.

OPEC+ had been planning to start unwinding cuts from October 2024 and after a meeting on Thursday, it agreed to extend the 2 million barrels per day and the 1.65 million barrels per day of cuts until the end of 2026 from the end of 2025 respectively.

Under its formal output strategy, the broader OPEC+ coalition is now restricting its combined production to 39.725 million barrels per day until December 31, 2026, after previously only applying this quota throughout 2025.

Eight OPEC+ members will now extend their 2.2 million barrels per day voluntary production decline into the first quarter and will begin hiking production incrementally between April and September 2026.

The alliance pumps around half of the world’s supply, but market analysts noted that the market is facing a surplus from non-OPEC producers.

So, while there is no shortage of oil, there is no positive sign of what to look forward to in the future to rally prices.

Cooling US Dollar provided some some support for oil prices, as it makes prices cheaper for holders of other currencies.

There are high expectations that the Federal Reserve will cut interest rates this month, a move that will further ease the Dollar’s strength and support the oil market.

Market analysts also warned that the oil market will now shift focus to the actions of US President-elect Donald Trump, who when he takes office on January 20, could impose new sanctions on Iran, and tariffs on China and has pledged an end to the Russia-Ukraine war.

Israel said on Tuesday it would return to war with Hezbollah if their ceasefire collapses and its attacks would go deeper into Lebanon and target the state itself.

Meanwhile, Donald Trump’s Middle East envoy has travelled to Qatar and Israel to kick-start the US president-elect’s diplomatic push to help reach a Gaza ceasefire and hostage release deal before he takes office.

Continue Reading

Trending