Yahoo share price plummet as Alibaba Spin off Alipay

The giant internet company, Yahoo noted late this Thursday that Alibaba Group China base has transferred the ownership of its online payments unit Alipay without any notification. Yahoo shares have fallen more than 6% in the premarket trading on Friday. Yahoo said in the Claim on Thursday that it will continue to work closely with […]

Alipay

Brief introduction Alipay.com Co., Ltd (AliPay) is China’s leading online payment service by both number of users and total transaction volume. A member of the Alibaba Group, it enables individuals and businesses to securely, easily and quickly send and receive payments online. AliPay works like an escrow service, solving the issue of settlement risk in […]

9 FAQ to learn how to use Alipay

Alipay is the leading online payment company in China with over 300 million registered users. To do business in China(especially for online business), Alipay is one of the most popular payment options among buyers. So as a foreign company or individual, you need to learn how to use Alipay before you enter the market. Q: […]

China third party payment market report Part 4 – Credit card payment

No. 4 Credit card payment 1. Brief introduction Credit card payment mainly include offline payment(POS terminals, ATM) and online payment. According to the purpose and nature of this research, we will focus on online credit card payment market analysis. According to a report by a famous consulting firm, until 2008, about 150 million credit card […]

China third party payment market report part 2 – Tenpay

No. 2  Tenpay Url: https://www.tenpay.com/ 1. Brief introduction Tenpay is the main competitor of Alipay. Tenpay is eveloped by Tencent company, which owns the most popular IM in China – QQ with more than 300 million users. More than 200,000 shopping website accept Tenpay. Tenpay is compatible with the e-banking service of major domestic bank. […]

China third party payment market report Part 1 – Alipay

No. 1 Alipay Url: https://www.alipay.com/ 1. Brief introduction: Alipay.com Co.,Ltd (AliPay) is China’s leading online payment service by both number of users and total transaction volume. A member of the Alibaba Group, it enables individuals and businesses to securely, easily and quickly send and receive payments online. AliPay works like an escrow service, solving the […]

China online and offline payment strategy

Offline bank transfer is still the primary payment option in China. But people gradually get used to online payment, mobile payment and telephone payment. For online payment, we will mainly discuss E-banking, online third party payment and online credit card payment. For offline payment, other than offline bank transfer, we will look at mobile payment […]