Alipay, China's leading mobile payment service operated by Ant Group, reported a surge in outbound and inbound tourism transactions during the mainland's "golden week" National Day holiday, as consumer confidence appears to rebound following Beijing's large-scale stimulus measures introduced ahead of that annual break.

The number of transactions made by Alipay users in overseas markets during the first four days of the holiday increased by over 60% compared to the same period in 2023. Malaysia, Korea, Thailand, Hong Kong SAR, and Singapore emerged as top destinations for Chinese tourists, showing the fastest growth in transaction numbers.

Alipay reported a surge in outbound and inbound tourism transactions during the country’s weeklong celebration of China's National Day.