2011 China Online Payment Overview
The total online transaction volume reached 2.2 trillion Chinese Yuan in 2011. With that massive figure, and other promising trends in Chinese Internet usage, it’s clear that e-commerce has a bright future in China.
I’ve put together a few graphs to give you an overview of the online payment market in China. (Thanks to iResearch for the useful data.)
Total Chinese Online Payment Transaction Volume from 2006 to 2011
In only 5 short years, the online trading volume increased 49 times!
Chinese Mobile Payment Transaction Volumes in 2010 and 2011
From 2010 to 2011, the total mobile online transaction volume increased by about 150%. However, compared to the total online transaction volume, it’s still just a small fraction.
Chinese Online Payment Company Market Shares in 2011
Alipay is still the leading online payment solution in China, with about half the market. The other half is shared by other online payment companies. Note that this graph shows Chinese online payment companies only, so does not include PayPal.
Online Payment in China by Usage Type for 2010 and 2011
I previously wrote two other articles you might be interested in:
- How to Choose a Chinese Online Payment Solution
- One More Option for Your China Online Payment Solution
Echo also posted a great article on the huge sales run by Taobao and their sub-brand Tmall.