China Beats U.S. In Mobile And Internet
Last year China had 564 million internet users and U.S. only 244 million. Although the main internet brands are dominated by American names such as Google, Facebook, Microsoft, Yahoo!, more than two thirds of their traffic comes from outside of the United States. With Baidu and Tencent, no wonder that China actually dominates internet traffic outside of the United States. When it comes to smartphone space, China is the leader. The country is expected to count around 354 million smartphone subscribers before the end of the year, while U.S. will have around 219 million, notes Informa.
Experts urge to secure the future mobile payment
When it comes to paying via the mobile devices, online merchants are talking about the benefits and convenience of mobile payments in China, while online shoppers are quite reluctant. According to statistics from iResearch Group, mobile e-commerce transactions in the first quarter took up only 7.6 percent of total online sales, which hit 352 billion yuan. Last year, a survey by KPMG International showed that 84% of Chinese are willing to pay via their mobile wallets if it is safe, pleasant and convenient. iResearch showed that as much as 61.3 percent of online buyers paid via a third-party vehicle in 2012. On the other hand, mobile payment stakeholders, including banks, telecom carriers and third-party payment developers are making efforts to get a piece of pie in China.