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Rich shoppers stuck in China fuel an unlikely boom in duty free

02/04/2021|10:47:12 PM|

China’s share of the global luxury market—the goods typically sold at duty-free—almost doubled last year to 20%.

China Duty Free Group expands in Sanya with new airport joint venture

09/09/2020|7:16:46 PM|

By the end of August, duty-free spending on Hainan Island had jumped 221.9% year-on-year to RMB 5.58 billion, or USD 810 million, according to China Customs.

Beijing Tourism Group to lift stakes in four listed units for up to USD93 million

02/12/2020|12:17:30 PM|

The amount of share increase in Quanjude is expected to equal at least 1 percent but no more than 2 percent of BTG's total share.

Offline shops unite to push back against e-commerce tide

10/26/2015|4:34:48 PM|

Online shopping sites may have become the growing force in China's retail sector－but during this year's Singles' Day, many offline retailers are uniting to fight back.

Marriott rolls out Alipay in 10 hotels to woo Chinese travellers

09/08/2015|10:29:54 PM|

Marriott International and Alibaba's Ant Financial Services will roll out Alipay payment option to hotels and resorts under Marriott International’s brands.

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