Tag: chinese buyers

Chinese spent $106B on global luxury products in 2014

Chinese bought 46% of the world’s luxury products in 2014 – 76% of which was purchased overseas, a recent Chinese luxury report reveals.1 In dollar amounts, that was US$106 billion spent by Chinese luxury consumers.1 Simply put, the global luxury industry is becoming more Chinese. After all, Chinese luxury consumption is influencing this industry like no other nationality has before.2 Borderless travel & Chinese … Read More Chinese spent $106B on global luxury products in 2014

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First overseas transport card launched for Chinese Tourists

To make outbound travel more seamless for Chinese tourists, NETS and Alipay launched the first overseas transport card that can be purchased right off Alipay’s mobile wallet, which has 190 million active users across China. Tourists can now buy the Alipay FlashPay cards before flying out of China, the two firms announced in a media. World Tourism Cities Federation data specifies that transport is … Read More First overseas transport card launched for Chinese Tourists

What do Chinese home buyers want?

Buy2Greece.com – Wealthy Chinese buyers are long-term property investors who buy homes with future generations in mind, says The Wall Street Journal (3 June 2014). A survey on high-net-worth Chinese by Sotheby’s International Realty revealed 93% are more likely to buy a home for their offspring – as compared to 64% in the US – and will shell out $1 million – $3 million … Read More What do Chinese home buyers want?

Chinese buying in GREECE with Buy2Greece brokers

Buy2Greece.com Buying properties in Greece became more popular earlier this year in China after it was highly recommended by immigration agents, because the financially troubled Greek government has introduced a policy to give permanent residency to any foreign buyer purchasing a Greek property worth more than €250,000 (US$340,000), Guangzhou Daily, the official newspaper of the Guangzhou municipal party committee, reports. As Greece is one … Read More Chinese buying in GREECE with Buy2Greece brokers