There’s plenty of differences between the mobile commerce market in the U.S. and the mobile ecosystem seen in China. Starting with the more than 520-plus million people estimated with smartphones in China versus the 160-plus million estimated in the U.S., numbers are the first major difference. But that’s not...
According to a new reports from iResearch, Tenpay, the payments arms of Chinese web giant Tencent, had a 20 percent share of the online payments market as of Q3 2014. Their main rival Alipay, owned by Alibaba, still has a commanding lead of payments online in...
Order imbalances may have delayed Alibaba’s initial public offering for a bit on Friday (Sept. 19), but the company made a ton of money nonetheless. It’s stock price opened at $92.70 per share on the New York Stock Exchange, 46 percent higher than the $68...
August 12, 2015
Checkout.com, the local payments provider, said on Tuesday (Aug. 11) that it is joining with Tenpay in China in a joint effort aimed at expanding its Checkout online payments platform. In a press release, Checkout.com said it will now be possible for “any new and existing” Checkout.com merchants to expand their reach, touching hundreds of millions of […]
December 08, 2014
According to a new reports from iResearch, Tenpay, the payments arms of Chinese web giant Tencent, had a 20 percent share of the online payments market as of Q3 2014. Their...
