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Insights
14-Jan-19 Despite the economic slowdown, Chinese tourists did not reduce their foreign travel in 2018, making 140 mn trips abroad, up 13% from 129 mn in 2017. At the same time, domestic tourism within China also increased steadily at 11%. [image: Tourism Review]
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Insights
10-Jan-19 Worldwide users of Alipay, China’s leading online payment platform, have exceeded one billion. Alipay’s Ant Financial Services Group said it had cooperated with nearly ten major overseas smart payment companies, which contributed to its growth in user numbers. [image: Alipay]
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Insights
08-Jan-19 Alibaba Group’s smart assistant, Tmall Genie, will launch in select BMW vehicles in China by the end of 2019. Drivers will be able to use Tmall Genie to shop online, view cinema listings or check the weather at their destination. [image: Alzila]
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Insights
08-Jan-19 The market for cross-border person-to-person remittances was worth USD689 bn in 2018, more than Saudi Arabia's GDP. It is experiencing double-digit growth as people migrate in search of economic opportunities or to escape political upheaval in their home country. [image: The World Bank / PaymentsSource]
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Insights
08-Jan-19 With growing emphasis on telecommunications, Chinese investment is increasingly the primary fuel behind Latin America’s tech boom. Beijing wants deals with countries that are resource-rich and have growing consumer demand, such as Colombia, Mexico, Argentina, Chile, Peru and Brazil. [image: Nelson Ching / Bloomberg]
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