unionpay
Are Chinese Consumers Moving from Spending to Saving?
As China's economy slows, some thoughts on how luxury businesses that have become reliant on young Chinese consumers' spending can avoid getting hit hard. Read More
Why Digital Wallets Aid Luxury Sales
Beyond urban, high-net-worth Chinese, heritage brands have not grasped the importance of mobile wallets for the rest of China. Read More
Geotagged Content is an Understated Location Marketing Tactic
Geotagged content is set to be one of the defining trends for location marketing in the coming years. Here is what luxury brands need to know. Read More
Payment Solution for Many Lux Brands, Alipay Fined $600,000 for Breaches of Financial Regulations
The mobile payments platforms Alipay and Tenpay have been fined again by authorities for facilitating unauthorized cross-border transactions. Read More
Lessons from Russia: What Luxury Retailers Can Learn From Moscow on Wooing the Chinese Traveler
Following the World Cup - that drew nearly 40,000 Chinese tourists to the country - Russian retailers are having their big moment. Read More
A Secret No Longer: Knowing When the Price is Right (and Wrong) in Duty Free
“All our prices are honest – and we believe that transparency is inevitable,” says Mirko Wang, Founder of smash-hit price comparison app Jessica's Secret. Read More
Duty-free Domination? Global Blue, Union Pay Partner to Entice High-end Chinese Market
Global Blue and UnionPay are doubling down on their ongoing partnership to make further inroads with China’s most valuable consumers: travelers. Read More
Chinese Overseas Luxury Spenders Turn To Global Payment Card Giant UnionPay For Major Purchases
The high spending limit set on UnionPay allows Chinese consumers to purchase luxury cars like Maserati with a single swipe. Read More
Australia Doubles Down on its Now Most Important Tourist Source Market: China
In a first, the Australian government has signed an MoU with China's UnionPay to foster business cooperation and encourage Chinese spending in Australia. Read More
Why Targeting Chinese Independent Travelers Is Difficult for Tourism Businesses
For travel marketers looking to target China's growing number of independent travelers, it often turns out to be an expensive and difficult challenge. Read More
