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WeChat Will Not Be an Important Online Shopping Channel in The Short Run

Weishang, e-commerce of Tencent’s WeChat, doesn’t go smoothly while having advantage in growth of potential users based on WeChat, a most popular instant messaging app in China. Those aged 31-40 accounted for 45.4% in overall Weishang users, higher than the percentage of shoppers aged 31-40 in online shoppers via app and PC. The average accumulated spending on purchasing products on Weshang was...

Want China Times: Internet Payment Portals Lure Chinese Customers With Red Envelopes

Hongbao
2Chinable: Red Envelopes with money inside, hongbao红包 in Chinese, is a Chinese new year (Spring Festival) tradition in China. The children,elder people and young people who are not married will get hongbao in the new year from the family members or relatives or friends. But the tradition is different in different area in China. In some areas, all people give hongbao to each other. If you send a...

Alipay May Add Social Media Features to Rival WeChat

Chinese e-commerce giant Alibaba Group is likely to make another attempt to achieve social media expansion by introducing a new messaging feature in its Alipay service, Shanghai’s China Business News reports. A graphic that is claimed to be the screen cap of Alipay’s unreleased 8.5 version mobile phone app began circulating online on Jan. 20, and a possible new feature, called “My...