Monster Charge (EM) Enhances Services for Foreign Tourists in China

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Nov 29, 2024

China's visa-free policy expansion has significantly boosted foreign tourism, with 5.72 million visitors from January to July 2024, a 403% increase year-over-year. In the third quarter, 8.19 million foreigners entered China, marking a 48.8% rise. The recent policy update allows 30-day visa-free entry for citizens of 38 countries, enhancing China's international appeal and driving tourism spending.

To improve the travel experience for foreign visitors, Monster Charge (EM, Financial) has introduced a service allowing overseas phone numbers to rent portable chargers in China. This service ensures tourists can capture their experiences without battery concerns. Users can register on Alipay or WeChat, verify their identity, and link a bank card to rent chargers by scanning a QR code on Monster Charge stations.

Currently, Monster Charge boasts over 400 million registered users across 2,100 regions in China, providing charging solutions in diverse settings like dining, transportation, and tourist attractions.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.