Tag: mobile commerce in China

China may become the leading power in mobile commerce in the coming years

Stephen Vagus
China Mobile Commerce

NFC technology is beginning to gain traction in China. China Mobile and China Unicorn, both telecommunications companies, are the latest corporations to adopt NFC technology in the country. Smart phone ownership is growing throughout the nation, along with the demand for new ways to use such devices in terms of commerce. Both companies plan to join the other 43 companies that are working to bring NFC technology to China, hoping that NFC-powered mobile commerce will soon take root and become a major financial phenomenon. China is home to the highest…

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iResearch study shows 2011 will experience 76 percent increase in mobile payments

Julie Campbell
Mobile Payments

Mobile payments – where purchases can be made through a smartphone or tablet – are becoming much more popular, especially as 3G networks have become popular in the massive Chinese mobile marketplace. Over the last year, the growth of the use of mobile phone payments has been explosive, and an even greater increase is on the cusp of occurring. Several telecommunication operators and banks in China have had representatives discuss the opportunity presented by mobile payments. China Mobile president, Wang Jianzhou, has stated that the current cooperation of the company…

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The competition among mobile games is getting bigger and cheaper

L. Green
Mobile Gaming

Though it appears as though the growth rate of the online gaming marketplace in China… has started to slow over the last couple of years, several specific types of games have seen skyrocketing popularity. Social games, web games, and mobile games have been drawing a large number of users when compared with most other types of online games that operate on game client servers. Game companies are now focusing on what they are calling “light online games” which are now being identified as a part of the sector with a…

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China to lead the world in mobile commerce, says ABI Research

Stephen Vagus
China Mobile payments technology commerce

China is on the verge of a mobile commerce explosion, according to a new study from ABI Research. The technology market intelligence firm released a report yesterday showing that China could surpass $8 billion in mobile payments by 2014. This would put the nation far ahead of others in terms of contactless payments. The rapid growth of NFC-driven commerce may be due to the single-minded pursuit of NFC technology in China. The progress toward electronic transactions has been slow in the West. Several companies, including Google and Nokia, have been…

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