1. Text: | Print|

      Tencent puts payment app on WeChat

      2013-07-04 09:27 China Daily Web Editor: qindexing
      1

      Tencent Holdings Ltd is introducing a payment service to the company's popular instant messaging service WeChat. It's also the latest attempt for Tencent to commercialize the application and compete with e-commerce giant Alibaba Group Holding Ltd.

      "We are convinced of the need to bring payment services to wireless platforms," said Martin Lau, president of Tencent. "Although some apps are free of charge for users, the large traffic these products bring in will enable us to sell advertisement slots, an alternative way for us to make a profit."

      The Internet giant, based in Shenzhen, Guangdong province, will introduce online and offline payment services to an upcoming version of WeChat, it said.

      Although Tencent did not reveal the launch date of the new WeChat, a beta version is already available for some developers.

      Analysts said Tencent, famous for social and gaming products, is eyeing the e-commerce sector for profit growth as advertising growth flattens. However the new area is a territory long dominated by Alibaba, the nation's largest Internet company by market capitalization.

      Alipay, a third party payment subsidiary under Alibaba, is the biggest online payment platform by transaction volume.

      Pony Ma, chief executive officer of Tencent, is betting on his company's mobility strength to challenge Alibaba. WeChat's offline payment feature may add pressure to Alipay, which is also trying out off-the-Web payment services.

      Transaction volumes of the third-party payment sector exceeded 10 trillion yuan ($1.6 trillion) last year in the country, said a report released by the Payment and Clearing Association of China in late June.

      Online payment accounts for nearly 70 percent of the sum. The emerging mobile payment service generated a little more than 181 billion yuan in transaction volume, according to the association.

      The rapid growth of the mobile Internet sector plus Tencent's large user population may help the company explore new businesses, including financial services, according to Yu Xiaohui, chief engineer of the China Academy of Telecommunication Research under the Ministry of Industry and Information Technology.

      "Mobile Internet is set to become the most desired segment for Chinese Internet companies as the nation is growing to become the second-largest Internet market only after the United States," he added.

      User numbers for WeChat saw a steady increase since its release in January 2011. The user population exceeded 300 million at the beginning of this year with users outside the Chinese mainland hitting 70 million, according to Lau.

      In addition to Hong Kong, Macao and Taiwan, WeChat's major markets include India, Thailand, Malaysia and Mexico.

      WeChat will have at least 400 million users by the end of this year, Bloomberg News reported, citing Alicia Yap, an analyst at Barclays Plc in Hong Kong. WeChat could produce annual revenue of as much as 2.16 billion yuan if the app provides gaming and other related services, said Yap.

      Building an active developers' community will be one of the top priorities for Tencent's new businesses such as WeChat, said Lau, president of the company.

      App developers of Tencent have received 3 billion yuan in revenues since the company launched an open-platform project in 2011 encouraging technology startups to develop new apps for the Internet giant.

      Developers are likely to earn another 3 billion yuan before the end of this year, Lau estimated.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 国产小视频在线免费| 久久爰www免费人成| 国产精品观看在线亚洲人成网| 亚洲欧洲国产成人精品| 亚洲精品不卡视频| 亚洲综合激情九月婷婷| 亚洲国产福利精品一区二区| 亚洲精品一区二区三区四区乱码| 亚洲高清无在码在线电影不卡| 91亚洲国产成人精品下载| 亚洲成年人免费网站| 亚洲AV无码专区在线亚| 在线精品亚洲一区二区| 亚洲成av人在线观看网站| 国产亚洲精品免费| j8又粗又长又硬又爽免费视频| 中国人免费观看高清在线观看二区 | 免费高清国产视频| 免费A级毛片av无码| 最近中文字幕高清免费中文字幕mv| 日本视频在线观看永久免费| 51视频精品全部免费最新| 91在线品视觉盛宴免费| 精品国产免费观看| 亚洲性日韩精品一区二区三区 | 午夜一区二区免费视频| 国产免费牲交视频| 在线观看亚洲天天一三视| 亚洲AV无码久久精品成人 | 亚洲无线码在线一区观看| 亚洲精品国产成人片| 亚洲美女视频一区二区三区| 色老板亚洲视频免在线观| 国产精品亚洲综合| 国产在线观a免费观看| 97在线视频免费公开观看| 97人伦色伦成人免费视频 | 美丽姑娘免费观看在线观看中文版 | 国产精品亚洲av色欲三区| 久久久WWW成人免费精品| 亚州免费一级毛片|