Hongbao is an attractive tactic and often effective one for China internet companies to grow user base and engagement. And, it is one must-have activity among China internet users during Chinese New Year festival. Facing the coming Chinese New Year, Alipay is launching a special Hongbao campaign utilizing Augmented Reality to make it more interesting […]
Alibaba Double 12 promotion focuses on social commerce in 2016
One month after Alibaba Double 11 online shopping festival on Singles Day in China, Alibaba launched Double 12 online shopping festival on its C2C website Taobao.
China online payment overview for Q2 2016
China Third-party online payment market had a total transaction value of RMB 4.65 trillion in Q2 2016, with an increase of 6.5% QoQ according to Analysis.
The peak travel season in 2016 is coming
The National Day holiday in China is the last holiday of the year and the longest one with 7 days starting on 1 October. China Railway is about to receive 110 million person trips during this year’s National Day holiday, an increase of 11.3% compared with 2015.
Alipay to charge service fee from Oct 2016
Alipay will start to charge service fee for cash withdrawal (balance transfer from Alipay account to bank deposit accounts) from 12 October 2016 as it announced earlier today.
China third-party internet payment exceeded 4 trillion yuan in Q1 2016
China’s third-party internet payment transactions reached 4,058.43 billion yuan (USD 609.93 billion) in Q1 2016 with a year-on-year growth rate of 67% according to iResearch.
Chinese travelers to Thailand to exceed 10 million in 2016
The number of Chinese tourists to Thailand reached 4.9 million person-trips in the first half of 2016, accounting for almost 30% of total inbound travelers according to Tourism Authority of Thailand.
WeChat Pay reached over 300K retail stores
The number of offline retail stores integrated with WeChat Payment has exceeded 300,000 according to data released in during a WeChat Payment partner conference.
Alipay’s Offline Expansion in 2015
Alipay is the largest third-payment online payment platform in China. And, Alipay is not satisfied to be only an online payment solution and made great attempts expanding offline in 2015.
UnionPay Rising on Mobile Payment
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.
75% Black Friday Shoppers in China are Female in 2015
The overall turnover of Black Friday in 2015 increased by nearly 30 times more than that in 2014 and the number of orders increased by nearly 35 times this Black Friday shopping season according to Alipay.
Most China Food Delivery Users Pay Online in 2015
Mobile payment has penetrated into every part of daily life in China such as online shopping, taking a taxi, supermarkets and food delivery in particular. About 70% Chinese internet users have ordered foods in a month and about 70% would pay on mobile according to DCCI. Alipay, WeChat Payment and Baidu Wallet have become the […]
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 […]
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.
China Offline Mobile Payment Insights in 2015
In 2014, the transaction value of Chinese mobile payment reached 6 trillion yuan (US$0.94 trillion), and is expected to exceed 9 trillion yuan (US$1.41 trillion) in 2015. The popularity of O2O and smartphones triggered deeper penetration of electronic payments.