According to data released by Alipay on the 7th, the number of offline purchases using “Touch Me” during the Mid-Autumn Festival and National Day “Double Festival” increased by nearly 40% over the same period last year. As the visa-free “circle of friends” continues to expand, the popularity of “one-click tax refunds” when leaving the country, and the facilitation of mobile payments, the popularity of foreigners traveling to China continues to rise. According to Alipay data, on the first four days of the National Day holiday, inbound tourists' spending on Alipay's “external card bundling” and Alipay+ “outsourced internal use” increased by nearly 50% over the previous year; of these, the fourth day of the holiday season was the peak of travel. Looking at the source of customers, Hong Kong, Kazakhstan, Taiwan, Malaysia, and South Korea rank in the top five for domestic spending. In terms of destinations, Shanghai, Guangzhou, Beijing, Shenzhen, Hangzhou, Chengdu, Jinhua, Chongqing, Nanjing, and Suzhou are still the top ten most popular cities for inbound tourists to spend with Alipay.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.