WeChat Pay HK: Offline Consumption of CN Tourists in HK Leaps Nearly 3.5x YoY During CNY

The border between Hong Kong and China has been reopened for over three weeks, driving a gradual consumption recovery in both places, said WeChat Pay HK. Coupled with the peak consumption season of the Lunar New Year when Hong Kong people travel abroad, the growth potential of cross-border consumption has been gradually released, leading to an obvious growth of offline cross-border transactions.

In addition, latest data from WeChat Pay showed that during the Chinese New Year holiday, offline consumption amount of mainland tourists in Hong Kong rallied by nearly 3.5 times YoY, while offline consumption amount in Macau leaped by nearly 100%.