What is the relationship between PARKnSHOP and Hong Kong in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

So you will notice that if you look at the way it happens, 55% of that is in Europe, 8% in China and 4% in Hong Kong, and it came up this year because the Hong Kong operation, Hong Kong Telecom and of course PARKnSHOP investment will be affected by the COVID-19 in Hong Kong.

Answer: headquarters_location