Alipay is going to launch offline payment partnering with Ubox to be its first partner next month. Consumers could use offline in bad internet connection areas. Ubox is a Chinese top vending machine company, which developed its own app for mobile payments at vending machines. Now it will be the first company to support Alipay’s […]
China Online Third Party Payment Transaction Exceeded 1.1 Trillion
According to iResearch, in Q2 2013, China online third party payment transaction hit 1,121.65 billion yuan (USD 181.83 billion), with a 10.2% QoQ growth. However, YoY increase kept going down, with only 28% in Q2 2013. Online shopping, air tickets booking and game segment markets were saturated, online payment was steadily growing. As mobile online […]
10 Charts to Tell You About China Online Shopping Market in Q2 2013
iResearch recently released its China Internet Data Report in Q2 2013, giving us a glimpse of China internet performance in Q2. Online Markets and Online Advertising As you can tell from the chart above, Mobile won over PC devices on internet segment markets growth, such as shopping, searching, marketing(searching excluded) and game. Online shopping and […]
What You Need to Know About Taobao Alipay Users
These data has the extremely high reference value from e-commerce sites Alipay supported excluding Taobao in 2012. The population characteristics of online shopping customers 1. For the age, young people were the key group Online shopping customers under 30 years old were more than 60%, the customers who were over 40 years old were about […]
10,000 Packages from Taobao Being Shipped to Taiwan Every Day
The annual financial report of Alipay, part of Alibaba Group, showed that half of Alipay revenue came from Taobao. In the top 10 cities of per capita Alipay expenditure listed in the statement of account, four cities of Taiwan are included. Perhaps more surprising is that Taiwan’s Chiayi City climbs atop. The per capita Alipay […]
China Third-party Online Payment Market in 2012
The third-party online payment market continued to grow rapidly in 2012,with the large-scale annual transaction exceeding 3.8 trillion yuan, according to the latest data from Enfodesk. The third-party Internet payment market share in 2012 remained stable.
Total Taobao Sales Exceeded 1 Trillion Yuan in 2012
Recently, Alibaba Group announced that by Nov 30 in 2012, total Taobao sales (including Tmall and Taobao.com) exceeded 1 trillion yuan (USD160 Billion). Great Potential of Domestic Consumption During last month’ Bachelor’s Day Promotion, Taobao accomplished sales of 19.1 billion yuan (USD3.07 billion) in only one day. Not only did this figure reflected the strong consumer […]
China Online Payment Transaction Scaled 976.4 Billion Yuan in Q3 2012
According to EnfoDesk, the total transaction of China online payment market reached 976.4 billion Yuan (USD156.4 bilion) in the third quarter. The QoQ growth was 13.1% and the YoY growth was 73%. Influenced by National Day holidays and other business trips, online payment transaction for travel booking experienced obvious increase. And some emerging markets like […]
China Online Payment Reached 776 Billion Yuan in Q1 2012
According to the latest statistics from iResearch, the transaction scale of China online payment reached 776 billion yuan (USD 124 billion) in Q1 2012, with the YoY growth of 112.6% and the QoQ growth of 1.2%. Though growing speed slipped down a bit, online payment services keep high growth in 2012 The first quarter was […]
Popular Express Payment Methods Used in China
According to a survey conducted early this year by iResearch, Alipay’s express payment is the most popular express payment method used by China Internet users last year.
Alipay Launched New Mobile Payment Service
Alipay announced new mobile payment service to make fund transfer easier. Users can transfer fund via Alipay mobile apps to anyone with a mobile phone number. A confirmation via SMS reply will confirm the payment. If the mobile number is associated with an Alipay account, the payment will be instantaneous.
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% […]