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The Electronic Transactions Association (ETA), the trade association for the global electronic payments industry, today announced an all time record-breaking number of exhibitors for the 2013 ETA Annual Meeting & Expo, taking place in New Orleans from April 30 to May 2, 2013. ETA has greatly expanded the scope and content of the 2013 Expo

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China UnionPay is set to break the dominance of Visa and MasterCard in the global card issue and payment-processing sector after learning a lesson from the two market leaders. In a rare interview with overseas media, Xu Luode, the president and chief executive of the mainland’s bank card association, told the South China Morning Post that UnionPay

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FORTUNE — Halfway between Las Vegas and Los Angeles, the Tanger outlet mall appeared in the distance, its towering sign beckoning like an oasis. The people on our bus started to titter with excitement. I was sitting with 52 Chinese tourists, mostly elderly retirees from Shanghai, and very few of them spoke English. But as

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What does Chinese New Year have to do with luxury sales in the United States? Potentially, a lot. This week, throngs of Chinese tourists will travel abroad to celebrate the Chinese New Year. And many of them will be spending their travel money on luxury goods. According to Bain & Co., Chinese shoppers make 60

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Rapid growth of e-commerce in China provides new growth wind for foreign retailers The rapid growth of e-commerce has triggered a raft of opportunities for retailers in China. Online interactions and visits to online forums have increased and so also the researching of brands on the Internet. A recent survey by KPMG shows that about

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In the last few decades, we got used to receive “boom” news from the giant of the east in almost every possible business area.  Now the luxury goods market has matured, it might be the right time for the boom of the luxury e-commerce! In correspondence with the economic growth in China during the last

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The Chinese web: e-commerce it’s a vast industry that has now grown to 242 million online shoppers, which is the largest in any nation in the world, and it means that 43 percent of all Chinese netizens buy stuff online. Before looking at a few graphics put together by We Are Social (embedded in full below), here

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China ended last year with a total Internet population of 564 million people and a penetration rate of 42.1 percent, according to a new government report noted by Techweb. All told, the China Internet Network Information Center (CNNIC) estimated 50.9 million new Internet users logged on in 2012, raising the country’s penetration by 3.8 rate percentage points

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BEIJING — Around the corner from the Beijing street vendors lustily hawking steamed soup dumplings, grilled lamb kebabs and candied fruit skewers are daylight-bright billboards of luxury brands clamoring just as enthusiastically for wealthy Chinese buyers: Rolex, Tiffany, Lamborghini and Cartier. As more international companies come to ply their wares here, it is clear that

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As 2012 comes to an end, pundits and analysts alike are making predictions for 2013. Many things could happen in 2013, but one thing is almost certain: China will be the largest e-commerce market in the world. Already, the country has the largest population of online shoppers. In June 2012, people who shopped online in China reached

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