Hong Kong's Black Sheep Restaurants Says 'Tyranny of the Chef' is Over

[@neon415]

This sounds more like a show to his investors to justify the spend. The drop in spend is not because the younger generation drink less, it is because the monied generation are feeling the pinch and have mostly left HK.

[@zhhu5660]

He sounds like a banker rather than a restaurant owner, which is a big red flag for me. I want food, service, and ambience, not numbers, margin, and spending.

[@jsks76905]

HK property crash, of course people are dining out less. HKers leaving HK and back filled by mainlanders. HK will be less and less HK and more and more China.

[@theotheleo6830]

As it should be. HK is no longer a Brit colony, after all.

[@dougie_big_bo]

sounds like a banker more than a resto guy😂

[@everbright2011]

a laid-off banker😂

[@leealex24]

US$300 for a meal? no thanks, even US$100 is too expensive per person.

[@hkrumble]

Smart and highly articulate. No wonder Black Sheep is doing so well in HK.

[@windsong3wong828]

Western propaganda will say HK is doing badly because of etc etc. Trust me …..most major cities in Asia is not doing well as the region is just recovering from Covid . Business is only humdrum . High end restaurants are the first to be hit. It is easier to downgrade from a $500 live fish and have a frozen fish instead. Or a Mccallan 18 to a Mccallan 15. We are all saving monies by curbing excesses as inflation is high.

[@ednasalinas8280]

Hong Kong is indeed doing badly comparing with other vital Asian cities. In Hong Kong, we the foreign travelers feel an immensely dejected vibe. No doubt the global economy is not as flourishing as years ago, but the overall sentiments in Osaka, Tokyo, Taipei, Bangkok and even Jakarta are dark and despair like that. My brother and colleagues from Australia who lived in Hong Kong for over 10 years left in 2023.

[@canto_v12]

You want to see a dead city, come to San Francisco 😂🤦🏻‍♂️ Hong Kong’s pandemic struggles are nothing compared to SF where uncontrolled “freedom” (crime) has ruined everything.

[@canto_v12]

@@ednasalinas8280every Asian city is feeling the pinch. Everybody in Taipei, Seoul, etc. feel hopeless about achieving financial independence. Hong Kong has a decent opportunity. Housing prices are down from world record levels. This is, in some way, what the locals always wanted. Less global money pricing out the working class. That’s the price of being an international city that HK has been paying for the past 40 years.

[@eliso5973]

exactly.

[@papatoushrew]

the fact that you need to compare it to other city is already indicative of how bad it is. Why don't you compare it to what it was? oh wait, truth will be hard for you to swallow 😂😂😂

[@5hpE-z9t.i]

High class restaurants may still have a chance because there are still a lot of rich people in hong kong. For the low price eateries, no chance. Very poor services and food are with low standard.

[@danielfchen8895]

They have to adapt to the new expats (mainlanders). Otherwise they won’t survive

[@cd7707a]

the big drinkers expats from US, UK and Australia leaving HK is the real reason for drop in alcohol consumption as well as high end spending. The casual Chinese tourists spend is much less. Is he paid by HK Government seems very eager to sell the story of business as usual or recovering at a time when there is still a lot of uncertainty with Trump and US stance on HK. One push of canceling HK swift access he will not be smiling for a long time.

[@jlm1567]

He's a businessmen he has to keep happy face otherwise his backers will pull out

[@GuyHappy-j7m]

This certainly breaks the heart of some Hong Kongers especially those who now enjoying long night and short day somewhere.

[@thinkpadx60]

everyones spending less in HK. Restaurants are cutting portions, increasing costs, providing less value overall. Many head over across the border by happier meals. Smart business man, wish him the best.

[@craciunlabs]

Dude.. there is no come back to hong kong. hope you can recover your money

[@canto_v12]

I mean he is talking about his business gradually coming back, so I’m not sure what you mean there.

[@craciunlabs]

@@canto_v12 He believes hong kong is gradually coming back. But i wish him luck with everything.

[@leealex24]

US$300 for a meal? no thanks, even US$100 is too expensive per person.

[@bennychun1021]

Prepare some cup noodles after fine dining. Coz usually leave restaurant hungry

[@DARNELLDonahue-x2y]

Exciting times for Alemio Network - partnerships with major industry players are unlocking new possibilities. This presale rocks...

[@yebo-gogo]

I think he's a pretty solid, knowledgeable, authentic dude. Surprised with some people here making him out like some snake oil banker-salesman.

[@Chavika1]

Sounds like a purveyor of snake oil.

[@mclovin6537]

Hong Kong is dead. I was there in like 2017? Hong Kong was the “it” place to be. Just went back in 2024, it’s dead. Not going back anytime soon.

[@amunra5330]

K

[@nulnoh219]

Well hopefully demand for housing will be reduced and actual locals can afford homes.

[@eliso5973]

stop lying please.

[@ednasalinas8280]

@@eliso5973 What he said was very true. I visited Hong Kong in 2017 and 2024. It has changed, to the worse I must say.

[@canto_v12]

@@nulnoh219this. Hong Kongers wanted this. Now they have to accept the consequences for their choices.

[@yunamchan5607]

good interview

[@AlejandroPikoulasPlata]

Very interesting interview, no rethotic just an economical analysis.

[@TaylanMesut]

Exciting times ahead with Alemio Network! Just joined the presale - can't wait to see where this project goes

[@bigwaidave4865]

HK it’s no longer an international travel destination. So glad I have great memories of the city traveling there in the past before the CCP takeover .

[@eliso5973]

Hong Kong is part of China, deal with it.

[@jsks76905]

Singapore is the new HK for obvious reasons

[@canto_v12]

The CCP took over in 1997.

[@OmerNeslihan]

Hey folks, Alemio’s presale process has been smooth so far. Definitely worth a closer look.

[@HARLANDMendes]

Alemio Network's presale got me hooked - the coolest way to be part of a groundbreaking project. Let's go!

[@ppssuuu]

Economy depends on politics, can't separate the two

[@pushslice]

This poor guy is putting on a good face . mainlander consumers are not going to be the same clientele as what he had built his restaurant profile on.

[@JustinaHutchinson]

Guys, Alemio’s approach to decentralized AI tools caught my attention. Locked in my position earlier today.

[@ripcord1186]

Young people 20 years ago could afford to go out . Everything wasnt so expensive, realtively speaking oc. Fine dining has been changing for at least 20 years. What will the next 20 look like is the question.

[@AlejandroPikoulasPlata]

Very smart man.

[@nictse500]

8:14 Did he say high TEENS

[@sheskiefry]

@@nictse500 fine dining is generally a lower margin game

[@screenapple1660]

Chinese have hard time borrowing money. Due to sancation issue or communist geopolitical tensions. Global government and Banks check..

[@jsks76905]

Foreign investment has fled China. Too much IP theft.

[@shundi4264]

People in Hong Kong are glad that the US back color revolution did not succeed and life can now be brought back to normal.

[@chopinmack5418]

More Middle East businessmen coming to Hong Kong / China for businesses ? ?

[@AykanEmine]

The integration of Alemio Network with Layer-2, DeFi 2.0 tech and Cross-Chain interoperability has significant potential to enter top 100 cryptos. Well done!

[@nicolassTRAVEL]

Uk is not united anymore

[@nicolassTRAVEL]

A mess

[@hypnotechno]

smart man

[@graphdatascientist]

HK is no HK

[@swedgephd]

free advertising

[@MetinYusuf-r6k]

I usually don’t jump into new projects, but after seeing the potential with Alemio Network, I’m in. Time to diversify my portfolio!

[@nicolassTRAVEL]

A disaster

[@BARNEYChristy]

Alemio Network's presale seems like a golden opportunity to be part of the next big thing in fintech.

[@kaffir76]

No one gives af 🙄️🙄️

[@qake2021]

👏👏👏🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳👍👍👍

[@ReyhanGokhan-qd8ih]

Alemio Network has at least 50-80x potential for 2025. Don´t ignore this project.

[@MuammerSenay]

Just got my Alemio token ALM during the presale. Get yours while you can..

[@Horatiuy]

Kong is strong yes. But they do have casionos and they do love bets and having fun over there.

[@dgdfgfnh968]

😢😢😢 free hong kong 😢😢😢 hong kong Rebellion

[@ClementinePham]

I'm not usually one to jump into presales, but with Alemio Network, I couldn't resist. This is a solid project with massive potential!

[@JeannaMosher]

Hey everyone, Alemio’s roadmap is ambitious, but their team seems capable. Took a chance on the presale today.

[@LANNYHuey]

Alemio Network's presale is gaining momentum - early supporters, let's seize this opportunity together!

[@SHAUNPalermo-s1h]

Folks, Alemio’s presale is filling up fast. If you’re into AI and DeFi, this one’s worth a look.

[@KIMBratton-w6e]

Microstrategy was one of the First big investors in Alemio Network, and thats telling me this shit will explode beyond imagination!!!!!!!!!!

[@DianaJale]

Presale participation locked in. Alemio Network's bonuses are a sweet deal for early adopters!

[@HalilDeniz-u8c]

Diving into Alemio Network's whitepaper - the innovation and technology behind this project are mind-blowing!