Tencent is growing bolder in the mobile commerce space

China Mobile payments technology commerce

Mobile commerce competition is intensifying in China As China’s mobile commerce market continues to boom, Tencent is beginning to feel extreme pressure due to competition from Alibaba. Competition in the mobile space is growing fierce, but Alibaba currently controls 84% of the market. Tencent does hold a strong place in China and beyond, however, because of its popular WeChat messaging application and mobile gaming platform. Tencent has been working to turn its messaging app into a mobile commerce service with the help of JD.com. Tencent hopes to expose millions of…

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Alibaba finds success with mobile commerce solution Alipay

China Mobile payments technology commerce

More consumers are embracing mobile commerce in China, turning to Alipay to get their shopping done online Mobile shopping is exploding in China. The country has become one of the leading mobile commerce markets in the world, largely thanks to the companies that are making it easier for consumers to participate in this sector. Alibaba is one of China’s leading e-commerce organizations and the company has been expressing a strong interest in the mobile field for years. The company’s Alipay platform, which makes mobile transactions possible, has reached a new…

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Mobile payments through Alipay are wildly popular in China

alipay home page snapshot mobile commerce payments

Unlike in North America, where adoption of these transactions has been slow, Alibaba has seen massive Chinese success. Alibaba, the tremendous e- and m-commerce company in China has been watching the success of its affiliated mobile payments service, Alipay, simply taking off throughout the length of 2014. In the first 10 months of this year, the use of Alipay made up 54 percent of all of Alibaba’s transactions. This represented a growth in the use of the mobile payments service of 22 percent when compared to the figures from all…

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Mobile commerce wins big during China’s Singles Day

china people mobile commerce

Singles Day shows the power of mobile shopping in China China’s Singles Day, which is the equivalent of Black Friday elsewhere, has been a major success in terms of mobile commerce. Last month, downloads of mobile payment and shopping applications rose by 80% as consumers prepared to do their shopping online and at physical stores. According to App Annie, the average popularity of mobile commerce apps throughout China rose to #169 during October, up from #227 during the same month last year. Alibaba sees approximately 50% of its sales come…

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Mobile commerce helps boost revenue for Alibaba

mobile commerce future smarphone

Alibaba quarterly financial results show that investments in mobile commerce have boosted the company’s revenue Alibaba has posted the financial results of its first quarter as a publicly traded company. The company is looking to highlight its changing investment strategy, which is showing more favor for mobile commerce and mobile marketing. Alibaba has become a very powerful name in the mobile space, finding significant success in the e-commerce sector and offering mobile-centric services that have become quite popular among Chinese consumers. Net income drops 39%, but revenue surges by 54%…

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