CIW » Archives for alipay

alipay

Third Party Payment in 2011 Exceeded 2 Trillion Yuan

China’s third party online payment continues to maintain strong growth in 2011 with an estimated total transaction exceeding 2 trillion yuan (2,203.8 billion yuan or USD 349 billion), up 118%.

Understanding China’s E-commerce Market

Boston Consulting Group shared research findings this week predicting that China online shopping, will see exponential growth through 2015, with spending that could make China’s e-commerce market worth more than RMB 2 trillion and possibly surpass the size of the U.S. market. Here is a summary of some findings of BCG survey: Less than 10 [...]

A Record Single-day Turnover of 3.36 Billion Yuan Taobao Mall

November 11 (11-11) is Singles Day in China and year 2011 makes this date more special with six “1″s. And, this date is even a bigger date for China’s online retailers. Let’s take a look at how crazy China online shoppers can be on Nov 11 2011 on Taobao Mall (all participating merchants offered 50% [...]

Jetstar Partners with Alipay for Online Payment in RMB

Australia-based budget airline Jetstar has partnered with the leading online payment solution provider Alipay in China to integrate Alipay into its online booking payment options. Jetstar, Asia’s largest low-cost carrier by revenue, is expanding its Chinese network to nine Chinese destinations, including a planned service linking Beijing, Singapore Melbourne. With a fleet of 80 aircraft, Jetstar [...]

China Q1 Online Payment Exceeded 212 Billion Yuan

According to iResearch, the first quarter of china’s online payment market in 2010 totaled to $212.1 billion yuan (US$31 billion) with an increase of 17.8% compared to Q4 2009.

Alibaba Alipay CEO Went Streaking to Celebrate 1.2 billion daily transactions

Alipay (under Alibaba Group; similar to PayPal) CEO Xiaofeng Shao made a promise this July that he would go streaking if Alipay daily transactions exceed 1.2 billion yuan by the end of 2009. It reached 1.213 billion yuan on Dec 7 for the first time; and, yes, Mr Shao kept his promise and ran around [...]

Baidu Online Payment Baifubao Allows Top-up by Phone Top-up Cards

I’m not sure you realize many Chinese internet companies share one common strategy – go where the money is. Baidu, the largest Chinese search engine in the world, launched “YouA” to compete with Taobao and “Baifubao” to be in competition with PayPal China and Alipay (under Alibaba). Baifubao recently becomes innovative by supporting topping up [...]

Disney China Launched B2C Business Integrating Alipay Payment

Department of The Walt Disney consumer goods in Shanghai, announced the launch of China’s first authorized Disney B2C online shopping platform “The Disney on Little Master” (little master in Chinese: xiaozhuren) officially entering the online shopping market in China. The reporter found that, although this is the first time Disney is in B2C business, it [...]

Alipay Partners with Japanese Tenso with Shipping Solution to Chinese Consumers

Alipay, part of Alibaba Group, has announced partnership with Tenso of Netprice Group enabling Chinese consumers to buy from Japan with shipping solution. The Chinese consumers can just enter the Tenso.com shipping address on the Japanese online shopping site where they place the order. Tenso will do the rest and deliver the products swiftly.The forwarding [...]

About Alipay of Alibaba Group

Alipay.com Co.,Ltd (AliPay) is China’s leading online payment service by both number of users and total transaction volume. A member of the Alibaba Group, it enables individuals and businesses to securely, easily and quickly send and receive payments online. AliPay works like an escrow service, solving the issue of settlement risk in China. Since its [...]