The recent “golden week” National Day holiday saw consumer spending surge for the nation's most popular online services including Ant Group's Alipay, Tencent Holdings' WeChat Pay, Meituan, ByteDance-owned Douyin, Tripcom and Alibaba Group Holding's travel-booking platform Fliggy. The rise in spending on these popular online platforms during the annual break reflects how consumers in China appear to have loosened their purse strings, following Beijing’s announcement of wide-ranging economic-stimulus measures on September 24. Rival mobile payment services providers Alipay and WeChat Pay both saw high demand during "golden week", as their users' expenditure soared at home and abroad. https://www.scmp.com/news/article/3281408/alipay-sees-surge-overseas-travel-transactions-during-chinas-golden-week-holiday?utm_medium=email&utm_source=cm&utm_campaign=enlz-insidechinatech&utm_content=20241011&tpcc=enlz-insidechinatech&UUID=f9aaf50d26626de042873bfe2733d91d&tc=12 #A Glance of China 行摄中国

Sam Mendoza

a year ago

shared a link post in group #A Glance of China 行摄中国

The recent “golden week” National Day holiday saw consumer spending surge for the nation's most popular online services including Ant Group's Alipay, Tencent Holdings' WeChat Pay, Meituan, ByteDance-owned Douyin, Tripcom and Alibaba Group Holding's travel-booking platform Fliggy.

The rise in spending on these popular online platforms during the annual break reflects how consumers in China appear to have loosened their purse strings, following Beijing’s announcement of wide-ranging economic-stimulus measures on September 24.

Rival mobile payment services providers Alipay and WeChat Pay both saw high demand during "golden week", as their users' expenditure soared at home and abroad. 

scmp.com/news/article/328..

 #A Glance of China 行摄中国

www.scmp.com

Alipay sees surge in travel transactions during China’s ‘golden week’ holiday

During the first four days of the holiday, the number of transactions made via Alipay in overseas markets surged 60 per cent year on year.