
Top 10 forecasts for China’s financial services industry in 2021
By 2022, 75% of consumer and small business loans will be made through automated processes supported by artificial intelligence, according to a forecast from IDC.
China Internet Stats, Trends, Insights
By 2022, 75% of consumer and small business loans will be made through automated processes supported by artificial intelligence, according to a forecast from IDC.
China’s first online order by Digital Currency Electronic Payment (DECP) was made by a Suzhou online shopper at JD.com on December 11, right after Suzhou’s
Ant Group has become the most valuable financial technology enterprise in China with a value of 2.1 trillion yuan. Credit Suisse expects Ant’s revenue to
The number of online payment users in China reached 805 million as of June 30, 2020, according to a CNNIC report, accounting for almost 86%
Ant Group, China’s fintech unicorn behind Alipay, announced that in the first three quarters of 2020, it realized 118.191 billion yuan of operating revenue, with
Users of most payment platforms reported high engagement for mobile payments (around 90% considering the margin of error), with Du Xiaoman Pay users being a
In the first half of 2020, a total of 72 property insurance companies launched Internet insurance business, and the accumulated premium income of Internet property
China’s central bank People’s Bank of China released the overall situation of payment system operation in the second quarter of 2020. The number of ATM
Ant Group, renamed from Ant Financial and the parent company of China’s largest payments platform Alipay and leading provider of financial services technology, announced its
By March 2020, the number of online payment users in China has reached 768 million, an increase of 168 million over the end of 2018,
MYbank, a digital bank under Ant Financial Services Group, served 20.87 million small and micro businesses (SME) in China as of the end of 2019,
In the fourth quarter of 2019, China’s third-party mobile payment transactions reached 59.8 trillion yuan (US$8.56 trillion), with a year-on-year growth rate of 13.4%. The
Recently, “Investing in sneakers” has become a trend, it is said that selling sneakers can bring money more easily and quickly than selling houses. And,
35.7% of China internet users purchased insurance and 33.7% don’t have any insurance policies according to a Tencent survey. China internet users buying insurance for
The number of mobile payment users has reached a saturation point, and the growth is drawing to a close. According to an Ipsos survey, the
This eBook shares three trends of digital content consumption in China, China’s digital content ecosystem, and how content help businesses in branding and driving sales
The average monthly disposable income of new small-town youths from China’s lower-tier cities is 3,730 yuan, compared with 5,401 yuan of young people in China’s
E-commerce factory is the collaboration of the manufacturing industry and the internet. Under the circumstances of retail sector being depressed while the traffic of e-commerce