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%.
China Online Payment Market Share in 2011
Alipay is still the dominant player in China’s online payment with 49% market share, followed by Tenpay and China Pay. Online shopping in China continued rapid growth in 2011, reaching 800 billion yuan.
