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Chinese expats, students and tourists are expected to spend more than 1 billion poundsat such retailers in UK this year, news website Banking Technology said citing Barclaycard.

Chinese news website Jiemian said the round has seen the valuation of the four-year old startup founded by entrepreneur Li Xiang exceed billion, dwarfing many of its money-craving peers.

Chinese model Xi Menyao, better known as Ming Xi, attends a party for L'Oreal x Balmain collections during the 2017 Paris fashion week in Paris, France, September 28, 2017. [Photo/IC]

Chinese online education startup VIPKid announced on Thursday that it will launch another English learning program with Disneyland as well as a local tourism organization from California to integrate its online and offline businesses.

Chinese after-school education service provider Puxin made its debut on the New York Stock Exchange (NYSE) on Friday, making it the third largest Chinese after-school tutoring platform to be listed on the NYSE.