Banking on Lunar New Year Travelers, Harrods Launches WeChat

Harrods has partnered with Tencent’s strategic partner My Money to roll out the WeChat digital payment system at Harrods Knightsbridge and its airport retail stores, just in time for the Lunar New Year holiday. WeChat pay is ubiquitous in China. It allows users to instantly send money to their contacts or, by scanning a QR … More Banking on Lunar New Year Travelers, Harrods Launches WeChat

Will UK’s Chinese Luxury Shopping Fever Last Forever?

Perhaps one of the few groups to have benefitted from Brexit is Chinese tourists. Known for their enthusiasm for purchasing luxury goods overseas, the depreciation of the pound has allowed them to own a piece of Louis Vuitton or Chanel at a much cheaper price. However, a recent report titled “RE-Lux: Waves of Change Impacting … More Will UK’s Chinese Luxury Shopping Fever Last Forever?