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% […]
Jetstar Partners with Alipay for Online Payment in RMB
Australia-based budget airline Jetstar has partnered with the leading online payment solution provider Alipay in China to integrate Alipay into its online booking payment options. Jetstar, Asia’s largest low-cost carrier by revenue, is expanding its Chinese network to nine Chinese destinations, including a planned service linking Beijing, Singapore Melbourne. With a fleet of 80 aircraft, Jetstar […]
China Q1 Online Payment Exceeded 212 Billion Yuan
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.
Alibaba Alipay CEO Went Streaking to Celebrate 1.2 billion daily transactions
Alipay (under Alibaba Group; similar to PayPal) CEO Xiaofeng Shao made a promise this July that he would go streaking if Alipay daily transactions exceed 1.2 billion yuan by the end of 2009. It reached 1.213 billion yuan on Dec 7 for the first time; and, yes, Mr Shao kept his promise and ran around […]
Baidu Online Payment Baifubao Allows Top-up by Phone Top-up Cards
I’m not sure you realize many Chinese internet companies share one common strategy – go where the money is. Baidu, the largest Chinese search engine in the world, launched “YouA” to compete with Taobao and “Baifubao” to be in competition with PayPal China and Alipay (under Alibaba). Baifubao recently becomes innovative by supporting topping up […]
Disney China Launched B2C Business Integrating Alipay Payment
Department of The Walt Disney consumer goods in Shanghai, announced the launch of China’s first authorized Disney B2C online shopping platform “The Disney on Little Master” (little master in Chinese: xiaozhuren) officially entering the online shopping market in China. The reporter found that, although this is the first time Disney is in B2C business, it […]
Alipay Partners with Japanese Tenso with Shipping Solution to Chinese Consumers
Alipay, part of Alibaba Group, has announced partnership with Tenso of Netprice Group enabling Chinese consumers to buy from Japan with shipping solution. The Chinese consumers can just enter the Tenso.com shipping address on the Japanese online shopping site where they place the order. Tenso will do the rest and deliver the products swiftly.The forwarding […]