Alipay and WeChat Pay are the two most popular mobile payment products in the market in China. Now, UnionPay is making a threat with mobile QuickPass and partnerships with ApplePay and SamsungPay.
Search Results for: alibaba
China E-payment Reached $86.17 Trillion in Q3 2015
The third-party mobile payment transactions exceeded 2.42 trillion yuan (US$0.37 trillion) in Q3 2015 with an increase of 5.4% compared to the same period last year and 64.3% compared to the previous quarter this year according to iResearch.
Business Purchase 80% of China E-Commerce Market in H1 2015
China e-commerce market is expected to reach 16.2 trillion yuan (US$2.53 trillion) in 2015, of which business online purchase will account for about 80% or 12.9 trillion yuan (US$2.01 trillion) according to CCID Consulting. Jingdong had 39.4% market share of self-serving business purchase vertical in the first half of 2015.
88% China Tier-2 Consumers Buy Overseas Online in 2015
Comparing to regular online shopping in China, cross-border shopping frequency is lower with a higher average order value. About one-third of Chinese cross-border online shoppers purchased overseas goods only 3 to 5 times in 2014. However, about a quarter of the respondents spent 1,000 (US$157.17) to 3,000 yuan (US$471.51) on each order and 11% spent […]
China Apparel Online Shopping Market Overview in H1 2015
Transactions of China’s apparel online shopping market reached 413.05 billion yuan (US$65.08 billion) in H1 2015, including women and men’s clothes and excluding bags, shoes and children’s clothes.
China’s Mobile Internet Insights Q1-Q3 2015
China’s mobile internet maintained a solid development in the third quarter this year, and the basic pattern of China’s mobile internet remained unchanged compared to the first half-year of 2015 according to TrustData.
Top Tmall Stores on Double 11 2015
The annual online shopping banquet Double 11 2015 finally ended under the rush of advertising in the subways, buses, elevators, mobile phones, pop-up ads, WeChat, Weibo… Compared to previous years, the Double 11 2015 was held by both online and offline companies, including Alibaba, Suning, Tencent, Jingdong, Amazon, Yihaodian and others, which has become a […]
55% China Online Shopper Are Male
Women are born to love shopping. However, more male shoppers shop online than the female in China according to research data from Nielsen.
Tmall Sales Over $1 Billion in 7 Mins on Double 11 2015
Double 11 (Nov 11), the largest online shopping day by total transactions, received over 10 billion yuan sales on Tmall only 12 minutes and 28 seconds after it started since midnight in 2015.
China Personal Care Online Shopping Market in H1 2015
China’s personal care online shopping market included goods as oral hygiene products, hair care products, body care products, facial cleaning products, cosmetics, perfumes, etc. Transaction values of China’s personal care online shopping market was 206.88 billion yuan (US$32.60 billion) in H1 2015.
Alitrip and Weibo to Provide Personalized Travel Service
Alitrip has cooperated with Sina to launch a tourism product Qingtingke during this year’s Double 11. This product provides resources and support to Weibo WeMedia owners and influencers in travel industry to enrich tourism product categories and improve destination tourism resources.
China to Become Largest E-commerce Market in 2015
China’s e-commerce retail sales are expected to increase by 42.1% to US$672.01 billion, accounting for over 40% of the global e-commerce retail sales in 2015 estimated by eMarketer. The e-commerce market in 2018 is expected to reach US$1.57 trillion according to eMarketer. China has become the world’s largest e-commerce market.
WeChat Payment to Charge Service Fee
WeChat Payment has recently updated its fund transfer policy. Fund transfers or face-to-face payment using WeChat Payment is still free if the total monthly transfer is no more than 20,000 yuan (US$3,143.1). The excess part would take 0.1% transaction fee. However, WeChat red envelope is still free of charges.
Chinese Prefer Imported FMCG Products at Promotions
Chinese online shoppers prefer to take advantage of the occasional promotions to buy imported goods; and, they also prefer imported goods at promotions, accounting for 65% of online FMCG (fast-moving consumer goods) sales according to Bain & Company and Kantar Worldpanel research.
China E-commerce Market to Reach US$3.8 Trillion in 2018
Chinese e-commerce market increased by 21.3% to 12.3 trillion yuan (US$1.93 trillion) in 2014, and would maintain steady and rapid growth in the next few years. The e-commerce market in 2018 is expected to reach 24.2 trillion yuan (US$3.80 trillion) according to Kantar Retail.