Chinese shoppers

Alipay's digital payment platform is expanding to include Chinese restaurants and supermarkets.


Alipay Signs Agreement With Han Feng Group

The platform will begin accepting payments initially in New York and North Carolina.

clock July 5, 2017Vicki M. Young

Millennials prefer the experience of buying a luxury item than just accumulating stuff.

Business Features

Study Looks at How Millennials Define Luxury

For some Millennials, the experience of buying a luxury product was more important than the actual item itself.

clock May 1, 2017Vicki M. Young

Burberry Men’s and Women’s Fall 2017


Burberry Gives Further Proof of China Rebound

Mainland China delivered high single-digit growth.

clock April 19, 2017Samantha Conti

Mergers and Acquisitions

Eurazeo’s Fintrax Teams With Lotte Group to Boost Tax-Free Market

The partners have created a joint venture to invest in South Korean refund operator CubeRefund.

clock March 2, 2017Alex Wynne


Retailers, Observers Upbeat on Chinese New Year Spending

Chinese travel abroad- especially to other Asian countries- remains brisk. Meanwhile, Chinese consumers who travel within their own country appear to be doing more shopping.

clock January 25, 2017Amanda Kaiser

Chinese tourists in North America can pay using their Alipay wallet.


Alipay Expands Platform to North American Retail Market

More than 3 million Chinese consumers are expected to visit North American in 2017.

clock January 17, 2017Vicki M. Young

Hong Kong retail is in a consolidation mode.


Nomura: Hong Kong to Become Renter’s Market in 2017

Retailers who renegotiated their leases got at least a 20 percent rent reduction for stores in tourist areas, the report said.

clock January 13, 2017Tiffany Ap

Shoppers fill a street in Seoul, South Korea.

Business Features

Chinese Visits to Jeju Island Slow, Signaling Shift Away From Korea

The dip follows Beijing’s move at the end of October to regulate low-priced tours.

clock November 17, 2016Tiffany Ap


Devalued Yuan Set to Tarnish Chinese Golden Week in the U.K.

August spending by Chinese in the U.K. declined 2 percent.

clock September 30, 2015Samantha Conti



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