Hongkong Post is seeking a HK$4.6 billion (US$587 million) injection from the Hong Kong government to continue operations for the next three years. The postal service has experienced eight consecutive years of deficits, accumulating nearly HK$2.9 billion in losses. This financial strain is attributed to declining mail volumes, increased competition from e-commerce logistics providers, and rising operational costs. AI
RANK_REASON Significant financial support requested by a government-owned entity facing operational challenges. [lever_c_demoted from significant: ic=1 ai=0.1]
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