China mobile payment market overview 2019
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
China Internet Stats, Trends, Insights
Finance
China’s top mobile payment apps compared: Alipay, Tenpay, Unionpay
The competition pattern of “duopoly” is still solid, while the competitiveness of UnionPay, a state-owned player, is improving. The penetration rates of Tenpay, inclusive of
China mobile banking overview 2019
Monthly unique devices of mobile banking reached 326 million units in China, an increase of 10.9% year-on-year. China Construction Bank led this market with 74
Top mobile payment apps in China in 2018
Market penetration of payment and settlement applications in China reached the highest point in December 2018 with an average DAUs of 157.9 million. Alipay is
Over 69% public listed internet companies in 2018 are from tier-1 cites
2018 saw 120 internet enterprises going public at China’s domestic stock exchanges and abroad. The combined valuation reached as high as US$1.17 trillion. 48 of
China 3rd-party payment overview for Q4 2018
In Q4 2018, China’s third-party mobile payment grew by 7.78% to US$7 trillion in Q4 2018. Alipay (53.78%) and Tencent Finance (38.87%) combined had a
WeChat total daily payment transactions exceeded 1 billion in 2018
The increase in Tencent’s revenues in Fintech in 2018 was driven by its take-rate on commercial transactions collected from merchants, cash withdrawal fees and credit
China’s payment and online banking mobile app market overview in 2018
China’s top 3 online banking players accounted for 36.7% of the total monthly active users of the online banking industry in December 2018. UnionPay QuickPass
Alipay to start charging for credit card repayment in March 2019
Alipay announced yesterday it will start charging for its service of credit card repayment from 26 March. Alipay users can still enjoy the service for
Top platforms for financial ads in China 2018, led by Baidu News Feed, Toutiao & Tencent
Financial transactions via mobile devices in China is projected to be hit US$497.52 billion by 2019. Ads concerning debit and credit products took the largest share of
Huawei turning its smartphones to POS machines
Huawei is turning all its smartphones to Point-of-Sale (POS) machines based on the NFC technology, which means potentially hundreds of millions of POS machines. Merchants only
China non-financial institutes handled US$8 trillion transactions in Q3 2018
The third-party comprehensive payment market picked up in Q3 after its sluggish start this year, which reached 54.94 trillion yuan (US$8.01T) with a growth of
China online payment market down by 2.58% in Q3 2018
The third-party internet payment market in China showed no signs of picking up after its slump in Q2, which had been down from 6.96 trillion
China 3rd-party mobile payment hit US$6.4 trillion in Q3 2018, led by Alipay & Tencent Finance
China’s third-party mobile payment grew by 11.52% to 43.8 trillion yuan (US$6.39T) in Q3 2018. Alipay (53.71%) and Tencent Finance (38.82%) combined accounted for 92.53%, leaving
WeChat Pay to provide incentives to merchants in Jan 2019
WeChat is going to launch a new feature “Gifts upon payment” for WeChat Pay to get the small and medium merchants further engaged in January
CIW eBooks
eBook: Tmall Global Guide
Tmall Global is a leading cross-border e-commerce platform in China, enabling Chinese consumers to buy products from other countries. Introduced in 2014, international brands on
eBook: Purchase Intention of Smartphone and Smart Hardware in China
In 2019, 88.5% of online users plan to purchase at least one smart device of which smartphone accounts the most, with 66.7% of online users
eBook: How a community based e-commerce startup managed to reach 60 cities and 10 million households in China
E-commerce startup Shihuituan has over 150 million GMV and reached 10 million households across 60 cities. It aims to be the Uber of convenience stores.