China’s third-party internet payment transactions reached 4,058.43 billion yuan (USD 609.93 billion) in Q1 2016 with a year-on-year growth rate of 67% according to iResearch.
Nearly 60% of Chinese internet users consider themselves early technology adopters according to a survey by the CTA.
The World Brand Lab recently released “China’s 500 Most Valuable Brands” report in Beijing, China. State Grid, Tencent, and ICBC ranked top 3 most valuable brands valued around 305.6 billion yuan, 287.6 billion yuan, and 274.8 billion yuan respectively.
China ranks the first of the top ten sources of tourists to Asia pacific destinations with 50.4 million international overnight visitors; it is nearly 20 million more than that of South Korea which ranks the second according to a MasterCard research.
As 40% china online consumers buy foreign goods, cross-border e-commerce in China will hit $85.76 billion this year according to the analysis of eMarketer.
China has 450 million mobile devices; and, 7,350 Chinese companies have developed over 33,000 mobile apps. China mobile usage has increased by 23% from 2014 to 2015, accounting for near 10% of the global.