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unionpay

  • Are Chinese Consumers Moving from Spending to Saving?

    Adina-Laura Achim  |   Share
    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

    Adina-Laura Achim  |   Share
    Beyond urban, high-net-worth Chinese, heritage brands have not grasped the importance of mobile wallets for the rest of China. Read More
  • Marketing

    Geotagged Content is an Understated Location Marketing Tactic

    Jessica Rapp  |   Share
    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

    Jing Travel  |   Share
    The mobile payments platforms Alipay and Tenpay have been fined again by authorities for facilitating unauthorized cross-border transactions. Read More
  • Retail

    Lessons from Russia: What Luxury Retailers Can Learn From Moscow on Wooing the Chinese Traveler

    Jessica Rapp  |   Share
    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

    Kevin Rozario  |   Share
    “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

    Jing Travel  |   Share
    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

    Ruonan Zheng  |   Share
    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

    Mason Hinsdale  |   Share
    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

    Daniel Meesak  |   Share
    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
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Jing Daily KraneShares China Global Luxury Index

Track the global market performance of the luxury sector in China. With current news updates, share prices, and stock market data based on Chinese consumer interest, this index monitors the overall health within the market.

Daily Returns: 03/27/2023

Index LevelDaily Change% Change
262.33-$0.35-0.13%
LVMHKeringRichemont
-$1.39-$0.24-$0.26
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