Month: May 2017

Burberry, LVMH among luxury brands testing WeChat sales in China

Dive Brief: Several luxury brands are joining more affordable ones in experimenting with sales on Chinese messaging app WeChat, The Wall Street Journal reports. Burberry, Cie, Financière Richemont SA’s Cartier and IWC Schaffhausen are among those with full stores on the app. Longchamp has started to sell handbags and clothes on WeChat and LVMH Moët Hennessy …

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Tencent extends WeChat Pay to the US with focus on Chinese tourists

Chinese internet giant Tencent Holdings, which runs one of the country’s most widely used mobile payment tools, has taken its cashless payment system to the home market of Apple Pay by serving Chinese outbound travellers in the United States. Through a partnership with Silicon Valley start-up Citcon, Hong Kong-listed Tencent now enables Chinese tourists to use smartphones to pay …

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WeChat expands in US, EU

China’s most popular messaging service provider WeChat, owned by Tencent Holdings, is expanding in the EU and the US in a bid to find more mobile payment opportunities around the world, but some experts believe the app’s major focus should be on Southeast Asia and India. One of WeChat’s latest moves in Western markets was …

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