In 2023, the hotel industry had seen some recovery with monthly occupancy rate of between 66 per cent and 87 per cent, higher than the monthly occupancy rate of between 55 per cent and 75 per cent in 2022, according to data compiled by Colliers....
Alipay’s annual cumulative transaction limit for foreign visitors has also been increased to US$50,000, up from the previous US$10,000 limit, in line with a new People’s Bank of China policy, the group said. 02:40How mobile payments impact people’s lives in ChinaHow mobile payments impact people’s lives...
The generative AI tools provided by Huiwa, operated by Alibaba subsidiary Hangzhou Lianfan Information Technology, enable merchants to create both text and graphics content. Alibaba owns the South China Morning Post.A merchant, for example, can input a brief description of a product, which prompts the...
Third, long-awaited supply-side and regulatory reforms, including the development of a listed real estate investment trust (Reit) market, have improved the business environment significantly and catalysed the institutionalisation and financialisation of the property industry.Fourth, India is taking advantage of the geopolitical reshaping of supply...
Late one afternoon this month, as customers lined up outside a new high-street shop in Mong Kok for a cup of Mixue Bingcheng bubble tea, Lily Cheng finally ordered her favourite drink after queuing behind nearly a dozen people.“I liked this milk tea brand when...