China’s third party internet payment totalled RMB1873.15 billion (USD 302.71 billion) in Q1 2014, with a YoY growth rate of 84% according to iResearch.
With over 300 million users, Alipay remains the market leader in China’s third-party payment market by total transactions, followed by Tenpay and Unionpay; the top 3 has a combined market share of over 80%.
Alipay, Tenpay and Unionpay are also the top 3 in China’s mobile internet payment market according to Analysis International.