Cathay Photo bets on e-commerce to keep 66-year-old family business clicking
Its third-generation leadership hopes the SG Heritage Business scheme will provide guidance on operation and transformation
Add BT as a preferred source
[SINGAPORE] When Toh Mun Peng set up Cathay Photo in 1959, he served film enthusiasts from two counters in a shared shophouse space near the historic Cathay building.
Today, his grandchildren serve TikTok creators through e-commerce, taking Singapore’s oldest camera retailer into the digital age while preserving its founding values.
E-commerce currently makes up less than 10 per cent of Cathay Photo’s revenue, but this segment is growing by about 20 per cent each year – a trajectory that the family is betting on to future-proof the business.
TRENDING NOW
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10
