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The increase also provides a welcome relief to countries whose tourism industries rely on the Chinese and their spending for growth, although the outlook for a sustained recovery in overseas travel is overshadowed by a sluggish mainland economy and volatile financial markets that have seen consumers tighten their belts at home.
Chinese tech giant Alibaba Group is betting on its overseas businesses while domestic consumption growth remains sluggish.
BANGKOK/YANGON -- Myanmar's shadow government is accusing employment companies of helping the military regime's funding by assisting in the collection of taxes from Myanmar workers who have fled abroad.
BEIJING -- With the Lunar New Year holiday kicking off on Saturday, Chinese people are rushing to airports and train stations to see their families back home and visit domestic tourism spots, but overseas travel has yet to fully recover.
This article was first published by The Korea Times in a partnership with the South China Morning Post.
Ant Group, an affiliate of e-commerce giant Alibaba Group Holding, is boosting its operations throughout Asia, as the Chinese fintech major seeks to capitalise on the country’s visa-free policy and an anticipated Lunar New Year travel boom.
HONG KONG -- Small and midsize Chinese companies, including some that had never thought about venturing overseas before, are increasingly exploring opportunities abroad as domestic competition intensifies and sales slump.
OSAKA -- Universal Studios Japan in Osaka will obtain staff from overseas, Nikkei has learned. Its operating company, USJ, aims to add 200 such people by 2025, and recruitment will begin with Taiwan and South Korea.