According to iResearch report on China mobile payment user behavior in 2013, in the aspects of mobile payment recognition, only 20.7% of Chinese users knew nothing about mobile payment. Over 70% of users had a certain knowledge of mobile payment. At the same time, 71.2% of users haven’t used mobile payment before, frequently users only […]
Tencent launched its Wechat membership card version X1 on September 24, 2013. It aimed at achieving 1 billion yuan (USD 162.9 million) monthly transaction.
Yixun.com, an online shopping website acquired by Tencent, granted payment access from Wechat in the middle of August 2013. Data showed that in the second half of August, after Yixun.com granted access from Wechat both in PC and mobile devices, the number of total accumulated transactions from Wechat hits 30,000.
A latest data released by China E-commerce Research Center showed that, in the first half of 2013, online shopping turnover totalled 754.2 billion yuan (USD 123.2 billion), with a YoY growth of 47.3%. It represented 6.8% of total consumer goods retail sales. The online shopping market is estimated to reach 1.74 trillion yuan (USD 278.4 billion) this year. […]