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.
iResearch estimated online payment industry will continue to maintain the momentum of rapid growth in the field.
Market Leader in China Online Payment
Alibaba Group’s Alibaba has a market share of 47.1% followed by Tenpay from Tencent with 20.4% market share. The other online service providers each has a market share of below 10%.