Last week Tencent announced that its own comprehensive online shopping site Yixun.com started fully support of Wechat payment on desktop client, Android and iOS mobile devices. Meanwhile, someone inside Yixun disclosed that Yixun would soon launch product ordering in Wechat under a single payment. By then, Wechat 5.0 users can simply click on any one […]
Sina will launch a Square style mobile payment solution with Lakala, a Chinese independent payment solutions powered by China Unionpay. The cooperation is still under negotiation, said by one staff from Lakala. Lakala would help Sina with hardware and software development and system maintenance. The final product might even be cheaper than Lakala’s own Square […]
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 […]
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 […]
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 […]
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.
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 […]
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 […]
Mobile IM holds the safe lead among all mobile applications with the usage rate of 86.7%. The usage rates of mobile payment and flight ticket booking are much lower compared with others. But with the enhancement of mobile security, we cannot ignore their potentials to experience growth in the near future. The growth of other […]
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 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.
According to a recent report from iResearch, China mobile payment reaches 48.14 billion yuan last year, up by 149.4%. And, the number of mobile payment users reaches 190 million in 2011 and will likely grow to 480 million in 2013 according to iResearch data.
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%.