Asia

China’s 2025 Labor Day Sees Surge in Inbound and Outbound Travel Spending via Alipay and Other Alipay+ Partner Payment Apps

Published

1 month ago

May 6, 2025

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The_Myeongdong_shopping_area_in_South_Korea_welcomes_travelers_to_pay_with_Alipay_and_other_Alipay+_partner_payment_apps

Data from Alipay and other Alipay+ partner payment apps indicates a notable increase in both outbound and inbound tourism spending in China during the 2025 Labor Day holiday (Golden Week).

Outbound Travel: Chinese tourists explore local experiences through digital platforms in overseas destinations

Through Alipay+, a unified wallet gateway with cross-border payment and digitization services developed by Ant International, users of 36 e-wallets in Asia and Europe—including Chinese travelers—can use their own home payment apps across over 70 markets without the need to exchange currency or carry cash. During China’s Labor Day holiday, global Alipay+ merchants have joined Alipay in an exclusive campaign to lure travelers.

The top destinations for Chinese travelers, based on total Alipay spending, are Hong Kong SAR, Japan, Macao SAR, South Korea, Thailand, Malaysia, Singapore, France, Canada, and Italy.

Thanks to Alipay+’s 100 million-strong and diverse global merchant network, Chinese tourists are increasingly seeking more personalized, local experiences. Switzerland recorded the highest average Alipay spending per user, while in South Korea, average spending exceeded USD 100—driven in part by the growing trend of traveling for cosmetic surgery. In addition, the growing desire for immersive local travel experiences is driving increased use of local transportation, with Alipay transactions rising 53% year-over-year. Public transit has become the most frequently used Alipay service among travelers. Taking buses and subways with Alipay is especially popular in Hong Kong SAR and Macao SAR, where travelers are already familiar with using it for daily commutes. Other emerging trends include buying train tickets in Europe and unlocking shared bikes in Japan with Alipay.

Furthermore, Alipay’s real-time tax refund service saw a 33% year-on-year increase in the refund value per transaction, while the number of claims for Alipay’s instant discount offer increased by 46% compared to the New Year’s Day holiday.

Inbound Travel: Visa-free entry, updated tax refund policies, and new payment options attract international travelers

Since September 2023, the Alipay+ solutions have supported 13 leading payment apps¹ in Asia to serve their roaming users across Alipay’s extensive merchant network in China.

Thanks to China’s updated tax refund and visa-free policies, more international travelers are heading to the country. During the Labor Day holiday, both the number of transactions and the total spending by travelers using the 13 overseas e-wallets rose by over 100% year-on-year. AlipayHK topped the list for total spending, followed by Malaysia’s Touch ’n Go e-Wallet, Kazakhstan’s Kaspi.kz, Macao SAR’s MPay, and Thailand’s TrueMoney.

With Alipay+, international travelers may also bind their Visa, Mastercard, American Express, JCB, Discover^®, Diners Club International^®, and UnionPay International credit or debit cards to Alipay for a seamless travel experience in China. This enables smooth payments and access to a wide range of digital services on the Alipay platform, including ride-hailing, hotel bookings, and plane or train ticket purchases.

Alipay Tap!—a contactless payment and customer engagement solution introduced by Alipay in China in June 2024—has also quickly become a preferred payment method among international travelers to China. The solution is essentially a simplified QR-code method that enables users to access services hosted on Alipay simply by tapping a merchant’s terminal or an Alipay Tap! Tag, without needing to open an app, scan a code, or navigate multiple screens. As of April 2025, Alipay Tap! had attracted over 100 million users in China within just 11 months of launch. During the Labor Day holiday, travelers from the 54 countries covered by China’s 240-hour visa-free transit policy spent 50% more via Alipay Tap! compared to the same period in April.

About Alipay+
Ant International’s Alipay+ is a unified wallet gateway with cross-border payment and digitization services that help connect global merchants to consumers. Consumers enjoy seamless payments a broad choice of deals and the convenience of digital services using their preferred payment app/e-wallet while travelling abroad. Many small and medium-sized businesses already use Alipay+ digital tools to enhance efficiency and achieve omni-channel growth.

About Alipay
As the world becomes increasingly digital, Alipay has evolved from a trusted e-wallet into an all-in-one digital platform for daily services, connecting more than one billion consumers to over 80 million merchants across China. Alipay offers users a secure, seamless mobile payment experience and integrates over 10,000 services across sectors like travel, healthcare, tourism, and entertainment. With digital tools like Alipay Tap!, mini-programs, lifestyle accounts, Alipay enables merchants, institutions, and independent software vendors (ISVs) to enhance operational efficiency and effectiveness. In addition, Alipay is developing a new AI-driven open platform by integrating AI agents to deliver smarter, more personalized services to its users as well as facilitating the digital transformation of the service sector.

Asia

Saudi Arabia Hosts EDGEx 2025, Pushing the Boundaries of Education

Published

1 month ago

May 4, 2025

thecoverstory

RIYADH, Saudi Arabia–Saudi Arabia has taken another step forward in its educational reform journey with the successful conclusion of the International Education Exhibition (EDGEx), held from April 13–16, 2025. Organized by the Ministry of Education, the event convened education leaders, technology developers, and policymakers from around the world under the theme “Beyond Readiness.”

One of the main pillars of Vision 2030 is education and the role of the private sector in supporting it.

Over four days, EDGEx welcomed more than 20,000 local and international visitors, including government representatives, senior educators, academics, business leaders, and professionals in the field. The exhibition served as a platform for dialogue, knowledge exchange, and cross-sector collaboration—bringing together institutions, companies, and decision-makers to explore how education and training can evolve in a rapidly changing world.

The event highlighted Saudi Arabia’s growing focus on digital transformation, educational innovation, and human capital development—all key priorities of Vision 2030.

Ihab Omar, CEO of Maarif, commented: “One of the main pillars of Vision 2030 is education and the role of the private sector in supporting it. With the Kingdom’s young population, available resources, and strong commitment to long-term investment, education represents one of the most promising growth areas globally. The share of private sector involvement currently sits between 15% and 17%, and there’s a clear opportunity to increase that to 25% within the next five years.”

Dr. Khulood Almani, Founder and CEO of HKB Tech, added: “Artificial Intelligence is at the center of Saudi Arabia’s ambitions to position itself as a global hub for emerging technologies. The government has pledged close to $100 billion to advance AI infrastructure, research, and adoption—creating an ecosystem designed to attract talent and innovation.”

Speaking from the exhibition, Dr. Raed Al-Yousef, Vice President for Graduate Studies and Scientific Research at Prince Sattam bin Abdulaziz University, said: “Our presence at EDGEx is an opportunity to highlight the university’s academic programs and showcase our latest initiatives in research and development.”

As the exhibition concluded, EDGEx 2025 reflected Saudi Arabia’s ongoing efforts to create a more connected and adaptive education system—one that responds to the needs of its people and the challenges of the future.

Asia

Unveiling the Trailblazer: Rina Akimoto – Founder and CEO of Vivid Garden Inc, Japan

Published

1 month ago

April 26, 2025

thecoverstory

In the ever-evolving landscape of entrepreneurship, certain individuals stand out as beacons of inspiration, their stories etched into the annals of success. Rina Akimoto, the visionary founder and Chief Executive Officer of Vivid Garden Inc, is one such trailblazer, whose journey has captivated the hearts and minds of aspiring entrepreneurs across Japan and beyond.

Vivid Garden Inc, a pioneering company based in the heart of Tokyo, has carved a niche for itself in the realm of sustainable urban gardening solutions. With a team of dedicated professionals and an unwavering commitment to innovation, the company has redefined the way urban dwellers perceive and interact with nature.

Rina Akimoto’s story is one of passion, resilience, and an unrelenting pursuit of her dreams. From humble beginnings to the heights of entrepreneurial success, her journey is a testament to the power of determination and the ability to turn challenges into opportunities.

Rina AkimotoFounder and Chief Executive Officer, Vivid Garden Inc, Japan

Closing Luncheon session at the EMERGE: YGL Class of 2024 Gathering, 8 May 2024.
Copyright: World Economic Forum/Marc Bader

Rina Akimoto’s journey to becoming a founder and CEO

Born and raised in a small town on the outskirts of Tokyo, Rina Akimoto’s love for nature blossomed at an early age. Surrounded by lush greenery and the tranquility of the countryside, she developed a deep appreciation for the natural world and its intricate beauty.

However, her path was not without obstacles. After completing her studies in horticulture and environmental science, Rina found herself disillusioned with the traditional career paths available. It was during this period of uncertainty that the seed of an idea took root – a vision to bring the joys of gardening to the urban landscape.

Undeterred by the challenges that lay ahead, Rina embarked on a journey of self-discovery and entrepreneurial exploration. She immersed herself in research, attended workshops, and sought guidance from industry experts, all while refining her concept and honing her skills.

The vision and mission of Vivid Garden Inc

Vivid Garden Inc was born out of Rina Akimoto’s unwavering belief that everyone, regardless of their living situation, should have access to the therapeutic benefits of gardening. The company’s mission is to create innovative and sustainable solutions that seamlessly integrate nature into urban living spaces, fostering a sense of connection and well-being for city dwellers.

At the core of Vivid Garden Inc’s philosophy lies the concept of “urban oasis” – transforming concrete jungles into vibrant, green havens that not only beautify the environment but also contribute to a healthier and more balanced lifestyle.

Achievements and recognition of Rina Akimoto and Vivid Garden Inc

Rina Akimoto’s dedication and the groundbreaking work of Vivid Garden Inc have not gone unnoticed. The company has received numerous accolades and recognition for its innovative products and services, including:

The prestigious “Green Innovation Award” from the Japan Sustainable Development Council
Featured in the “Top 10 Eco-Friendly Startups” by Tokyo Startup Magazine
Selected as a participant in the “Tokyo Metropolitan Government’s Sustainable Urban Development Program”

Rina herself has been celebrated as a rising star in the entrepreneurial realm, with her name gracing the covers of prominent business magazines and her insights sought after by industry leaders.

Rina Akimoto Founder and Chief Executive Officer, Vivid Garden Inc, Japan

Rina Akimoto’s leadership style and philosophy

Rina Akimoto’s leadership style is a harmonious blend of vision, empathy, and a collaborative spirit. She firmly believes that true success lies in creating an environment where every team member feels valued, heard, and empowered to contribute their unique perspectives.

Her philosophy revolves around the principle of “nurturing growth” – fostering an organizational culture that encourages personal and professional development, just as a gardener cultivates and nurtures their plants.

Through regular team-building activities, open communication channels, and a strong emphasis on work-life balance, Rina has created a workplace that celebrates creativity, innovation, and a shared commitment to sustainability.

Impact of Vivid Garden Inc on the Japanese market

Vivid Garden Inc’s impact on the Japanese market has been nothing short of transformative. The company’s innovative products and services have resonated with urban dwellers seeking to reconnect with nature and embrace a more eco-friendly lifestyle.

From vertical gardens that adorn the walls of high-rise buildings to rooftop farms that provide fresh produce to local communities, Vivid Garden Inc has redefined the boundaries of urban gardening. Their solutions not only enhance the aesthetic appeal of urban spaces but also contribute to improved air quality, reduced carbon footprints, and a heightened sense of community.

Success stories and projects of Vivid Garden Inc

Vivid Garden Inc’s portfolio is a tapestry of remarkable success stories and groundbreaking projects. One of their most notable achievements is the “Green Oasis” project, a collaboration with a prominent real estate developer in Tokyo. This initiative involved transforming an abandoned industrial site into a lush, urban garden paradise, complete with walking trails, community gardens, and educational facilities.

Another noteworthy project is the “Rooftop Revolution,” where Vivid Garden Inc partnered with several restaurants and hotels to establish rooftop farms, providing fresh, locally-sourced produce while reducing the carbon footprint associated with food transportation.

Rina Akimoto’s advice for aspiring entrepreneurs

Drawing from her own experiences and the lessons learned along her entrepreneurial journey, Rina Akimoto offers invaluable advice to those aspiring to embark on their own ventures:

Embrace your passion: Rina emphasizes the importance of identifying and pursuing a passion that ignites your soul. This unwavering drive will serve as the fuel to overcome obstacles and persevere through challenging times.
Cultivate resilience: The path to success is rarely linear, and Rina encourages aspiring entrepreneurs to develop a resilient mindset. Embracing failures as learning opportunities and maintaining a positive attitude in the face of adversity are crucial for long-term success.
Seek mentorship and guidance: Rina acknowledges the invaluable support and guidance she received from mentors and industry experts throughout her journey. She encourages aspiring entrepreneurs to actively seek out mentors who can provide valuable insights, advice, and connections.
Prioritize sustainability: With a deep commitment to environmental stewardship, Rina emphasizes the importance of integrating sustainability into every aspect of a business. This not only contributes to a greener future but also resonates with conscious consumers and stakeholders.
Nurture a supportive team: Rina attributes much of her success to the dedicated team at Vivid Garden Inc. She advises entrepreneurs to surround themselves with individuals who share their vision and values, fostering a collaborative and supportive work environment.

Collaborations and partnerships of Vivid Garden Inc

Vivid Garden Inc’s success is not solely the result of its internal efforts; the company has forged strategic collaborations and partnerships that have propelled its growth and impact. Some notable collaborations include:

Educational institutions: Vivid Garden Inc partners with universities and schools to develop educational programs and workshops focused on urban gardening, sustainability, and environmental stewardship.
Corporate partnerships: The company collaborates with various corporations, providing customized urban gardening solutions for their office spaces, promoting employee well-being and contributing to their corporate social responsibility initiatives.
Community organizations: Vivid Garden Inc actively engages with local community organizations, supporting initiatives that promote urban greening, food security, and environmental education.
International collaborations: Recognizing the global nature of sustainability challenges, Vivid Garden Inc has partnered with organizations and companies from around the world, sharing knowledge and best practices in urban gardening and sustainable living.

tCS Final Words: Rina Akimoto’s influence on the industry and future plans for Vivid Garden Inc

Rina Akimoto’s journey from a small-town girl with big dreams to a trailblazing entrepreneur has inspired countless individuals across Japan and beyond. Her unwavering commitment to sustainability, innovation, and community empowerment has left an indelible mark on the urban gardening industry.

As Vivid Garden Inc continues to flourish, Rina’s vision for the future is as ambitious as it is inspiring. The company plans to expand its reach globally, partnering with cities and communities around the world to create sustainable urban oases that promote well-being, environmental stewardship, and a deeper connection with nature.

Rina’s influence extends far beyond the confines of her company. She has become a sought-after speaker and thought leader, sharing her insights and experiences at various forums and conferences. Her passion for empowering the next generation of eco-entrepreneurs is evident in her mentorship programs and advocacy efforts.

As the world grapples with the challenges of urbanization and environmental sustainability, trailblazers like Rina Akimoto and companies like Vivid Garden Inc offer a beacon of hope – a reminder that with vision, determination, and a commitment to positive change, even the most daunting challenges can be transformed into opportunities for growth and renewal.

If you’re inspired by Rina Akimoto’s journey and the work of Vivid Garden Inc, we invite you to explore their innovative urban gardening solutions. Visit their website at [www.vividgarden.co.jp](https://www.vividgarden.co.jp) to learn more about their products, services, and upcoming projects. Join the movement towards a greener, more sustainable urban future by embracing the power of nature in your living spaces.

Asia

Nanyang Business School: Shaping Global Leaders with Asian Ingenuity

Published

4 months ago

February 12, 2025

thecoverstory

Nanyang Business School: Shaping Global Leaders with Asian Ingenuity

The Premier Brands: Premier Iconic Institute, Business School Cover Story

In a world where business challenges are as dynamic as the markets they shape, one institution stands out as a crucible for innovative leadership and ethical enterprise. Nanyang Business School (NBS) at Nanyang Technological University in Singapore has built a reputation over the past five decades as a trailblazer in business education. Fully integrated into one of Asia’s most comprehensive research-intensive universities, NBS is not only a business school—it is an incubator for leaders poised to transform global commerce with Asian ingenuity and ethical purpose.

A Legacy of Innovation and Global Recognition

Officially named Nanyang Business School in 1995, the institution has its roots stretching back over 50 years. Its evolution mirrors Singapore’s own meteoric rise as a global financial hub. Today, NBS is celebrated for its unwavering commitment to academic rigor, innovative pedagogy, and industry relevance. Accredited by both the European Quality Improvement System (EQUIS) and the Association to Advance Collegiate Schools of Business (AACSB)—the world’s most respected quality benchmarks—NBS consistently garners accolades. Its flagship MBA programme, for instance, is ranked among Asia’s best, while the Executive MBA has achieved top-tier positions in global rankings, reinforcing the school’s status as a premier institute of business excellence.

Interdisciplinary Excellence in the Heart of Asia

At NBS, the curriculum is designed not just to impart knowledge but to nurture the mindset of a global leader. By harnessing NTU’s strengths in science, technology, and innovation, NBS offers a holistic educational experience where theory meets practice. Students can customize their learning journeys through diverse tracks in general management, strategy and innovation, or banking and finance. Options such as the Nanyang–Waseda Double MBA and the Double Masters Degree (MBA combined with an MSc in Management offered in partnership with international institutions like St Gallen and ESSEC Business School) provide a truly global perspective. This interdisciplinary approach ensures that graduates are not only equipped with solid business fundamentals but are also agile problem-solvers capable of navigating an increasingly complex world.

Nanyang School of Business

Experiential Learning and Real-World Relevance

The true hallmark of NBS is its focus on practical, experiential learning. Every MBA participant is immersed in the “Leading People Globally” programme—a signature capstone module that challenges students to embrace ambiguity and develop innovative solutions to real-world problems. By collaborating with leading companies on live consulting projects, students gain invaluable exposure to industry practices, transforming classroom insights into actionable strategies. The Centre for Applied Financial Education, boasting Singapore’s largest finance lab equipped with Thomson Reuters Eikon and Bloomberg terminals, further exemplifies NBS’s commitment to hands-on learning. This blend of rigorous academic training and immersive practical experience ensures that NBS graduates are not just theoretically proficient, but are also industry-ready.

Global Networks and a Diverse Faculty

In today’s interconnected world, the value of a robust global network cannot be overstated. NBS prides itself on a diverse faculty composed of more than 160 professors from over 20 countries. Their collective expertise and cultural insights enrich the learning environment, preparing students for the nuances of global markets. Coupled with NTU’s international reputation—ranked among the top 15 in QS World University Rankings 2025—students at NBS benefit from a vast network of alumni and strategic partnerships that span the globe. These connections open doors to internships, research collaborations, and career opportunities in a variety of sectors, from finance and technology to consulting and beyond.

Pioneering a Sustainable Future

Amid growing calls for ethical and sustainable business practices, NBS is leading the charge. The school integrates sustainability and ethical leadership into its core curriculum, challenging students to consider the social and environmental impact of business decisions. By fostering a culture that “grows the good in business,” NBS is preparing a new generation of leaders who are not only profit-oriented but also committed to building a better, more inclusive world.

The Road Ahead

As global markets continue to evolve at a breathtaking pace, Nanyang Business School remains at the forefront of business education. With its cutting-edge programmes, experiential learning opportunities, and deep industry ties, NBS is uniquely positioned to address the challenges and opportunities of the 21st century. The school’s unwavering focus on leadership, innovation, and sustainability ensures that its graduates are well-equipped to make meaningful contributions to the global business community.

In an era defined by rapid technological advancement and heightened ethical expectations, Nanyang Business School stands as a beacon of excellence—a premier iconic institute that not only prepares its students to succeed in the global arena but also inspires them to lead with integrity, vision, and a commitment to the common good.

For those ready to shape the future of business, Nanyang Business School is not just an education—it’s a transformative journey toward becoming a global leader.

The Cover Story World is a premier global platform that showcases the world’s most influential and fastest-growing leaders across business, innovation, culture, and impact. Known for its authoritative rankings, exclusive leadership features, and international summits, The Cover Story highlights the people and ideas redefining success in the 21st century. From industry disruptors to purpose-driven entrepreneurs, it’s where visionary leadership meets global recognition—amplifying stories that inspire, influence, and lead the world forward.