Fridae

 Chinese businesses are starting to show interest in the purchasing power of the LGBT consumer market — often referred to as the “pink dollar” — a trend led by e-commerce giant Alibaba Group Holding Ltd.

That figure was given by the Chinese-language Commercial Times when it recently reported on the purchasing power of the LGBT Chinese consumers.

Recognising and respecting the rights of the lesbian, gay, bisexual and transgender (LGBT) community is good for business, said speakers at the recent “Out on the Street” summit in Hong Kong, hosted by HSBC.

Hong Kong is leading the way for lesbian, gay, bisexual and transgender (LGBT) employees, thanks to the launch of Asia’s first and only benchmark of corporate policies and practices for creating inclusive workplaces.

Global business leaders have vowed to fight for equal treatment for LGBT (lesbian, gay, bisexual and transgender) people, saying embracing diversity at the workplace helps to build stronger business.

  As we begin a new year, we know that now, more than ever, America’s largest employers are embracing LGBT-inclusion as a best business practice.

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