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Nike Run Club app is shutting down in China

06/13/202206/10/2022 Jorge Gonzalez

The application is being deactivated in the country as a growing list of Western countries re-strategize. Nike has announced that it will be deactivating its Run Club app in China, adding itself to a growing trend of Western companies to change the nature of its business in the second largest market in the world. The American sportswear company has already posted a notice to its users in mainland China. Nike has shared a notice to runners using the Run Club app in mainland China, advising them that the application will…

China wants its digital currency to reach greater use

01/18/202201/17/2022 QR Code Press

The country is boosting its efforts to roll out the online yuan to the general population. China is boosting its efforts to roll out its digital currency to the general population, as local tech giants such as Tencent and Alibaba join in with its use. That said, there are a spectrum of challenges in the way of the widespread use of this online yuan. The primary question is whether people across China who are already using two exceptionally popular mobile payments systems operated by Alibaba and Tencent will want to…

Mobile commerce is growing aggressively in Vietnam

04/21/2016 Stephen Vagus

Google reports that mobile payments have become a powerful force in Vietnam due to smartphones ownership Mobile commerce is exploding in Vietnam, according to a new report from Google. The company’s Vietnamese branch has found that there is a major shift in consumer behavior due to the growing availability of mobile devices. According to the report, mobile consumers in the country pick up and look at their devices an average of 150 times a day, or more than 10 times every hour. Notably, these consumers are becoming more interested in…

Tencent reports greater growth thanks to mobile games and other ventures

03/25/201603/23/2016 Stephen Vagus

Company finds more success through a strong mobile focus Tencent, one of China’s largest Internet companies, has released information concerning its performance over the past year. In terms of sales, the company saw a 45% increase in quarterly sales, which is better than it had expected. Tencent is seeing significant growth through its mobile endeavors, especially where payments and gaming are involved. The company is also selling a wealth of content via its mobile platforms, such as WeChat and QQ. Adding rich content to mobile platforms make them more attractive…

WeChat is setting its sights on mobile payments in China

03/24/201603/23/2016 Jesse Collins

Popular messaging app is growing very quickly WeChat, one of China’s most popular messaging applications, is becoming a major player in the mobile payments space. The app accounts for 697 million active monthly users, 200 million of whom began to use the service last year. This gives WeChat access to an abundance of people that may be interested in mobile commerce. The concept of being able to shop, purchase products, and send money to friends and family from a mobile device has become very popular in China and WeChat intends…