Chinese tourists’ “revenge travel” will benefit high-end brands housed in the luxury capitals of the world. Call it, perhaps, a wave of “destination spending” that...
Alipay+ is offering travelers from Hong Kong an easier way to visit mainland China. The Chinese online and mobile payments company, owned by tech giant...
Ant Group’s founder is set to give up control of the Chinese FinTech. Billionaire Jack Ma will no longer hold majority voting rights in the...
Ant Group’s consumer finance arm is set to more than double in size. Last week saw the China Banking and Insurance Regulatory Commission approve an...
Apple’s market capitalization dropped below $2 trillion a year after hitting $3 trillion. Reuters reported Tuesday (Jan. 3) that the company’s stock slipped 4% on...
Central banks around the world have diverged in the design of CBDCs. As the investigation phase of the European Central Bank’s (ECB) digital euro project...
UnionPay said it has issued more than 200 million cards outside the Chinese mainland. The Shanghai-based card acceptance company announced the milestone Friday (Dec. 30),...
Consumers in China have shown little enthusiasm for their country’s central bank digital currency (CBDC). That’s according to a former official from the People’s Bank...
The luxury retail sector is expecting more Chinese tourists after three years of pandemic restrictions. China announced Monday (Dec. 26) that it will lift international...