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.
Chinese Mobile Payment Behavior Analysis in 2013
iResearch announced a report on Chinese mobile payment behavior 2013. According to the report, only 20.7% mobile users said they knew nothing about mobile payment. More than 70% said they had a certain knowledge of mobile payment.
UnionPay New Policy Targeting Third-Party Online Payment
UnionPay announced a new policy towards third-party payment recently, strongly defending its interest in online payment which caused suspects and guesses from market. It stated that non-financial companies(mainly third-party payment) had to transfer offline transaction to UnionPay before December 31 2013. By the end of July 1 2014, third-party payment online transactions had to link […]
China Mobile E-Commerce Reached USD 8.6 Billion in the First Half of 2013
In the first half of 2013, China mobile e-commerce reached 53.2 billion yuan(USD 8.6 billion), with a YoY increase of 44.1%. It is expected to reach 130 billion yuan (USD 21 billion) by the end of 2013. In 2012, the mobile e-commerce enterprises were 250.5 million. It is estimated to be 372.5 million in 2013. […]
Alipay to Launch Offline Payment
Alipay is going to launch offline payment partnering with Ubox to be its first partner next month. Consumers could use offline in bad internet connection areas. Ubox is a Chinese top vending machine company, which developed its own app for mobile payments at vending machines. Now it will be the first company to support Alipay’s […]
Tencent Unveiled Big Ambition with Wechat Payment
Last week Tencent announced that its own comprehensive online shopping site Yixun.com started fully support of Wechat payment on desktop client, Android and iOS mobile devices. Meanwhile, someone inside Yixun disclosed that Yixun would soon launch product ordering in Wechat under a single payment. By then, Wechat 5.0 users can simply click on any one […]
Sina to Launch Square Style Mobile Payment Solution With Lakala
Sina will launch a Square style mobile payment solution with Lakala, a Chinese independent payment solutions powered by China Unionpay. The cooperation is still under negotiation, said by one staff from Lakala. Lakala would help Sina with hardware and software development and system maintenance. The final product might even be cheaper than Lakala’s own Square […]
China Online Third Party Payment Transaction Exceeded 1.1 Trillion
According to iResearch, in Q2 2013, China online third party payment transaction hit 1,121.65 billion yuan (USD 181.83 billion), with a 10.2% QoQ growth. However, YoY increase kept going down, with only 28% in Q2 2013. Online shopping, air tickets booking and game segment markets were saturated, online payment was steadily growing. As mobile online […]
10 Charts to Tell You About China Online Shopping Market in Q2 2013
iResearch recently released its China Internet Data Report in Q2 2013, giving us a glimpse of China internet performance in Q2. Online Markets and Online Advertising As you can tell from the chart above, Mobile won over PC devices on internet segment markets growth, such as shopping, searching, marketing(searching excluded) and game. Online shopping and […]
What You Need to Know About Taobao Alipay Users
These data has the extremely high reference value from e-commerce sites Alipay supported excluding Taobao in 2012. The population characteristics of online shopping customers 1. For the age, young people were the key group Online shopping customers under 30 years old were more than 60%, the customers who were over 40 years old were about […]
China Third-party Online Payment Market in 2012
The third-party online payment market continued to grow rapidly in 2012,with the large-scale annual transaction exceeding 3.8 trillion yuan, according to the latest data from Enfodesk. The third-party Internet payment market share in 2012 remained stable.
China Online Payment Transaction Scaled 976.4 Billion Yuan in Q3 2012
According to EnfoDesk, the total transaction of China online payment market reached 976.4 billion Yuan (USD156.4 bilion) in the third quarter. The QoQ growth was 13.1% and the YoY growth was 73%. Influenced by National Day holidays and other business trips, online payment transaction for travel booking experienced obvious increase. And some emerging markets like […]
China Online Payment Reached 776 Billion Yuan in Q1 2012
According to the latest statistics from iResearch, the transaction scale of China online payment reached 776 billion yuan (USD 124 billion) in Q1 2012, with the YoY growth of 112.6% and the QoQ growth of 1.2%. Though growing speed slipped down a bit, online payment services keep high growth in 2012 The first quarter was […]
Popular Mobile Applications Usage Rate in China
Mobile IM holds the safe lead among all mobile applications with the usage rate of 86.7%. The usage rates of mobile payment and flight ticket booking are much lower compared with others. But with the enhancement of mobile security, we cannot ignore their potentials to experience growth in the near future. The growth of other […]
Popular Express Payment Methods Used in China
According to a survey conducted early this year by iResearch, Alipay’s express payment is the most popular express payment method used by China Internet users last year.