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Economy

Companies cash in on Asia's holiday shopping sprees

Chinese consumers carrying many shopping bags, like those at Shanjing Outlet Plaza in Ningbo, Zhejiang Province, are a fixture during the country's New Year holiday season.
JUN ENDO, TAKAFUMI HOTTA and SADACHIKA WATANABE, Nikkei staff writers | China

TOKYO/MUMBAI/JAKARTA -- Due to its cultural and religious diversity, Asia has many major holiday and festival seasons. And as the region's incomes rise, so too does its holiday spending, creating a wealth of opportunities for businesses.

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