The Australian government will spend $5 million advertising to young Chinese urbanites.
The card giants will likely look to work with the country’s dominant mobile payments providers in key segments including outbound tourism.
Chief Product Officer Lynn Qu discussed the recent successful growth of Trip.com, especially in the Asia Pacific region.
“Luxury brands have gained a lot of traction and growth out of China, but the bloom is off the rose,” said Pam Danziger, president of Unity Marketing.
There is still much room for cross-brand synergy or consolidation under the umbrella of Alibaba.
Ctrip believes its strong foundation and the rise in the urbanization rate offer the company an opportunity to strengthen its presence in the Chinese market.
With differentiated brands, products and customers, the Chairman and CEO of Fosun Tourism sees more synergy than competition.
2018 witnessed the first time in 13 years that both the numbers of cruises and inbound and outbound cruise passengers in China have seen a decline.
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