Beating analysts' estimates, Li & Fung raised its net profit to $91 million for the first half of 2017 from $86 million in the same period last year. Revenues fell by 9 percent to $7.2 billion, however. The Chinese sourcing giant had to leave the Hang Seng benchmark index last February because it had been unable to meet the targets set in its former turnaround program. The company said it will continue to face headwinds from the disruption of consumption patterns and the retail sector caused by the development of e-commerce. Its new turnaround plan for the 2017-19 period calls for the establishment of a fully integrated digital platform designed to improve the speed of the supply chain by 50 percent for all its clients. Digital sampling and virtual fitting are parts of the new process.

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