25. February 2014

China E-Commerce Over 100 Million Alipay Payments During Spring Festival Over 100 million Alipay payments were made during the seven-day holiday of 2014 Spring Festival, 52% of these were mobile. Meanwhile Alibaba announced that the real-name users of Alipay approached 300 million by the end of 2013, with more than 100 million users using the mobile service for most of payments. Altogether subscribers made 12.5 billion payments during 2013, totaling over CNY900 billion. Data also revealed that...