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Insights
11-Nov-18 Another year, another gross merchandise volume record for Alibaba’s 11.11 Global Shopping Festival. When the rolling counter stopped, 2018 gross merchandise volume was RMB213.5 bn (USD31 bn), 27% higher than 2017's RMB168.3 bn (USD24 bn). [image: Alizila]
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Insights
17-Oct-18 Singapore e-payments provider Nets is in talks with WeChat Pay to allow its users to make mobile payments in China. The partnership would allow NetsPay users to scan QR codes in China and settle purchases in Singapore dollars. [image: South China Morning Post]
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Insights
16-Oct-18 Clothing and fashion industry professionals are optimistic about sales over the next year, according to a Hong Kong Trade Development Council survey. Over 60% of sellers see China, ASEAN, Japan and Taiwan having the greatest potential. [image: HKTDC Survey]
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Insights
10-Oct-18 The future of brands like Chanel, Gucci and Prada in China may lie in cities like Hohhot, 10 hours by rail from Beijing. In such cities, with no luxury stores, buyers are twice as likely to make purchases online. [image: Shutterstock]
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Insights
05-Oct-18 Consumption of leisure services by China's middle class has grown rapidly. More than a third visit beauty salons for massage, facials and skin treatments. Younger consumers not only seek to improve their looks, but compete with others over appearance. [image: HKTDC Research]
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