In 2014, total transaction value of China mobile payment market exceeded RMB599.247 billion(US$97.628 billion) with an increase of 391.3% from last year according to data of iResearch.
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China Mobile Payment Exceeded $3 Trillion in 2014
On 12 February 2015, People’s Bank of China announced China’s Payment Market Report 2014. The report showed in 2014, the total transaction volume and value of non-cash business were 62.752 billion and RMB1,817.38 trillion (US$294.70 trillion) with YoY growth rate of 25.11% and 13.05% respectively.
Weibo and Alipay’s Hongbao Campaign Gone Viral
“2015 Let Hongbao Fly” campaign, jointly started by Weibo and Alipay, indicates the start of virtual Hongbao (or Red Envelope) war for Chinese New Year 2015.
WeChat Usage Rate Increased by 26%, Highest Worldwide in 2014
During the period from June 2013 to June 2014, WeChat usage rate increased by 26%, ranking top among all the popular social platforms worldwide according to research of L2.
WeChat Official Accounts Development in 2014
39% respondents surveyed by GlobalWebIndex used WeChat in August, making WeChat the most popular messaging app in APAC in the third quarter of 2014. Since 2013, WeChat official account was devoted to exploring more social functions for WeChat users, advertisers and so on. Till now, WeChat official account had made four big steps in 2014 […]
Over 42.3 Bln Transactions on Alipay in 10 Years
Alipay released its 10-year bill statement as well as the latest payment statistics in different provinces in China as of 31 Oct 2014. The data shows in the past 10 years, Chinese consumers’ expenditure generated 42.3 billion transactions on Alipay. The volume of mobile payment on Alipay accounted for over 50%.
The Higher Education & Salary Tend to Have More Wechat Friends
A report conducted by Beijing Normal University shows Wechat penetration rate in Beijing and Shenzhen accounted for 51.7%. Wechat, QQ and Weibo are three major social apps among Chinese with more male users. Wechat had higher total user reach over 40 years old group than QQ while for under 40 years old group Wechat’s reach […]
China Third Party Online Payment Market Exceeded RMB2 Trillion Yuan in Q3 2014
In Q3 2014, total transaction value of China third-party online payment market exceeded RMB2,015.43 billion (US$328.1 billion) with increase of 41.9% year on year and 9.5% quarter on quarter.
WeChat Dominates APAC Mobile Messaging in Q3 2014
39% respondents surveyed by GlobalWebIndex used WeChat in the past month, making WeChat the most popular messaging app in APAC in the third quarter of 2014.
11 Charts to Show How Companies Use Wechat Official Accounts
WeChat now has 468 million monthly active users and it’s ranked the top mobile app in China. In July 2014, total number of Wechat official accounts were over 5.8 million and it is still growing with an average monthly increase of 15,000.
Apple Adds UnionPay Payment for App Store Customers in China
Apple today announced that the App Store has added UnionPay as a payment option for customers in China. China UnionPay is the most popular payment card in China and will provide App Store customers with a simple and more convenient way to purchase their favorite apps. Customers can easily link their Apple ID with a […]
Tencent QQ MAUs 820M, Wechat MAUs 468M in Q3 2014
Tencent’s total revenues were RMB19,808 million (USD3,220 million) in Q3 2014, an increase of 28% YoY. Profit for the period was RMB5,676 million (USD923 million), an increase of 46% YoY.
Wechat Launched Wechat Contacts App Offering Free Calls
Wechat released a Wechat Contacts app as an enhancement to smartphones’ existing contacts. The most appealing feature is offering users to make free VoIP calls. It also offers auto backup of contacts, Wechat profile photo imports, group SMS and bulk deleting contacts.
China Top 4 Online Payment Mobile Apps
Alipay’s mobile app exceeded 61.339 million MAUs in August 2014 in China according to EnfoDesk, remaining the most popular mobile payment app, followed by that of Bestpay, Tenpay and Lakala. In comparison, the top three online payment providers in the first quarter of 2014 were Alipay, Tenpay and Unionpay by total mobile transactions who together represented over […]
Wechat Launched Business Accounts for Team Collaborations
Wechat officially announced business accounts in beta, which targets business use of Wechat providing mobility and timely convenience for work.