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Stock impact report

China's 2024 Labor Day Sees 77% Rise in Outbound Travel Transactions and 700% Surge in Inbound Spending YoY via Alipay [Yahoo! Finance Canada]

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA) 
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: alibabagroup.com/en/ir/home
The international traveler uses Alipay to make payments at the renowned Chinese attraction Huangshan (Photo: Business Wire) Outbound travel transactions via Alipay saw a 77% increase year-on-year, with total spending up by 10%. Top destinations are Hong Kong SAR, Japan, Macao SAR, Korea, the United States, and Thailand. Inbound tourism witnessed a 700% spike year-on-year in Alipay spending by international travelers in the Chinese mainland. HANGZHOU, China, May 05, 2024 BUSINESS WIRE )--Alipay's data indicates a significant uptick in both outbound and inbound tourism spending in China during the 2024 Labor Day holiday. Outbound Tourism Transactions by Alipay users in overseas markets during the initial two days of the holiday saw a substantial 77% increase from the corresponding period in 2023, with total spending rising by 10% year-on-year. ADVERTISEMENT For the 2024 Labor Day holiday, Alipay, an Alipay+ partner wallet, has joined hands with global merchants to launch Show less Read more
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