China

Made in China moves to Indonesia

Insights

16-Jan-19 As wages in China have risen, many Hong Kong enterprises with manufacturing there have tried to cut costs and navigate the Sino-US trade dispute by taking production offshore to emerging economies such as Indonesia, India and Vietnam. [image: HKTDC]

In 2018 Chinese tourists traveled in greater numbers

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]

Alipay now has over 1 billion users worldwide

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]

BMW adding Tmall genie to connected-cars in China

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]

Massive market for cross-border P2P payment

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]

Made in China moves to Indonesia

In 2018 Chinese tourists traveled in greater numbers

Alipay now has over 1 billion users worldwide

BMW adding Tmall genie to connected-cars in China

Massive market for cross-border P2P payment

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