HK celebs Cecilia Cheung and Mat Yeung's businesses incur big losses due to Covid-19


Cecilia Cheung's boutique reportedly incurred a minimum loss of RM50k every month. Photo: Cecilia Cheung/Weibo

Singer-actress Cecilia Cheung opened a fashion boutique at the heart of Hong Kong in September 2019.

But since the pandemic, the 41-year-old had to close SeeCeciStreet twice – once in January 2020 for a month and once more, earlier this month (March) for nine days, as Hong Kong is experiencing a spike in Covid-19 cases.

Apple Daily reported that Cheung’s boutique has been suffering “losses of nearly six figures” every month. At the very least, that amount would come up to more than RM50,000 a month.

Another article stated that the rent for the 4,500 sq ft store is around HK$50,000 (RM26,832).

Despite the business losing money, it’s said that Cheung never cut her staff salaries – she is still paying them the full amount.

Luckily too, Cheung – who was married to singer-actor Nicholas Tse – could rely on her online sales to keep her business going.

Meanwhile, TVB actor Mat Yeung is also struggling to keep his business afloat – he's invested in six soup restaurants along with his girlfriend, Hong Kong-based Malaysian actress Lisa Ch’ng.

Due to the current Covid-19 situation in Hong Kong, the couple had to shut down four of their restaurants since Feb 28. One HK portal stated that the cost of rent for all six of their restaurants came up to seven figures every month.

Unfortunately, here, not only were the businesses suspended but the staff were laid off too.

Of the remaining two restaurants, one is currently providing takeout services, while the other is open during certain hours only.

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Hong Kong actress , Cecilia Cheung

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