China third-party online payment market reached 5372.98 billion yuan (USD 870.33 billion) in 2013, with 46.8% YoY increase. According to iResearch, it will maintain the high growth rate and its importance in the whole economy strengthened. The deep collaboration with finance enterprises helped third-party online payment find a new growth point. 2013 was only the […]
Kuaidi Taxi APP Released Its Q1 Financial Performance
Right after Didi Taxi released its data on Wechat Official Account, Kuaidi announced its first quarter financial performance on March 2, 2014. By March 31 in 2014, Kuaidi Taxi had covered 261 cities including all the provincial capitals, with 650% QoQ growth rate. The number of daily transaction reached 6.23 million, 20.7 times of one […]
How A Chinese Taxi-Hailing App Reached 100 Million Users in 77 Days
Didi Taxi, a popular Chinese taxi-hailing mobile app backed by Tencent, released its data on Wechat Official Account (didi-taxi) on March 31, 2014. By March 27, the bonus for Didi Taxi app hit 1.4 billion yuan (USD 226.81 million), and its registered users increased to 100 million.
Alibaba Upgrades Integration With Sina Weibo in 8 Aspects
On March 15, 2014, Sina Weibo filed for a USD 500 million IPO on the Nasdaq. In April 2013, Alibaba purchased Sina Weibo’s 18% stake with USD 585.8 million, which brought USD 49.14 million advertising revenue in 2013. It accounted for 33% of advertising revenue. The deal also secured that Alibaba an option which allows […]
WeChat Tests POS Payment, Ambitiously Boosts O2O Services
Could Wechat avoid Unionpay to test its POS payment? The answer is yes. Many reliable sources indicated that Wechat POS payment will launch on 22 in March, 2014.
Alipay is The Largest Mobile Payments Platform in The World
The real-name users of Alipay reached 300 million by the end of 2013. These users made 12.5 billion payments by Alipay in 2013. Over 2.78 billion payments was made via Mobile Alipay, added up to 900 billion yuan(USD 150 billion), while total mobile payment by Square and Paypal was about USD 50 billion in 2013. […]
100M Mobile Payments in 7 Days, Alipay Triumphed Through Spring Festival
During 2014 Spring Festival,over 100 million payments were made via mobile Alipay, accounted for 52% of overall payments by Alipay in this period, according to the data from Alipay Wallet (the mobile client of Alipay).
Sina Weibo User Demographics Analysis in 2013 (4 Part Series)
This is the part 1 of a series of posts that gives you insights on Chinese netizens behaviors from Sina Weibo. Part 2, Part 3, Part 4. Sina Weibo launched its 2013 Weibo User Development Report on December 6, based on massive Weibo user accounts information and consumption behavior to offer enterprises effective data support […]
REPORT China Mobile Payment User Behavior 2013
According to iResearch report on China mobile payment user behavior in 2013, in the aspects of mobile payment recognition, only 20.7% of Chinese users knew nothing about mobile payment. Over 70% of users had a certain knowledge of mobile payment. At the same time, 71.2% of users haven’t used mobile payment before, frequently users only […]
WeChat Payment and Alipayment Wallet Strike
These days the smoke of the war between Alibaba and Tencent was very thick. Wechat payment was regarded as the last key element to O2O. In fact, from the insiders’ perspective, Alipay has always been the rich handsome guy. Nowadays, Alipay could not stay calm anymore, which illustrated that WeChat payment came with full preparation.
Alipay Yu’E Bao Fund Reached 100 Billion Yuan
Tianhong Asset Management announced on November 14 2013 that Yu’E Bao fund users surpassed 30 million, fund size reached 100 billion yuan (USD 16.32 billion). It was the first Chinese money fund over 100 billion yuan, ranking 51 in the world.
China Third Party Mobile Payment Market Reached 296.51b Yuan in Q3 2013
According to iResearch, China third party mobile payment market reached 296.51 billion yuan (USD 48.35 billion), with 152.6% QoQ increase.
Taobao Launched O2O Takeout & Delivery Service
Alibaba claimed that its Taodiandian group would launch takeout and delivery service on November 6, 2013. Taodiandian is a mobile O2O app launched in June 2013, aims at serving local users. There are already over 10,000 shops on Taodiandian, including small restaurants, fruit shops,Patisseries and tea shops. Taodiandian is still testing its takeout and food order […]
Taobao Total Sales Reached USD 5.7 Billion on One Single Day
Chinese “Single Day” Double 11 shopping carnival had just past, Alibaba made another record on November 11 2013: total transaction in a day hit 35 billion yuan (USD 5.71 billion).
Sina Weibo To Launch Weibo Finance Platform
Since the launch of Baidu Finance Center on October 28, 2013, Sina Weibo, with 500 million users, also announced on October 30 that it would launch a finance product – Weibo finance platform.