Weibo Wallet made a good start, 50000 Xiaomi mobile was sold out in a little longer than 5 minutes.

I explained that Sina Weibo start to provide their payment system "Weibo Wallet" before.

And I also explained that they have a plan of start campaign with Xiaomi mobile. They set 50000 Xiaomi mobile on there at December 21, but as a result these were sold out just 5 minutes 14 seconds.

Official account of Weibo Wallet said finally 1,300,000 people reserved this mobile phone, and related tweet was forwarded 2,400,000 times.

Watching this result so far, it can be said that Weibo Wallet made a good start. But Xiaomi mobile is one of the most popular mobile phone in China now, so there is some possibility that this result was issued from the popularity of Xiaomi mobile.


But anyway, it is a glaring fact that Weibo Wallet got the measurable registered users at this time. And they said that they extend the partnership with many suppliers in future, they also said that all company are welcomed.

We have to keep attention whether Weibo Wallet can get the big success or not as before.


Source => Official account of Weibo Wallet, WestE

Alipay achieved the trade of 19.1 billion RMB in one day on "Single Day" sales. [Infographic]

In China, November 11 is a day called "光棍节(Singles Day)" for people who are living the single life. The largest online payment service "Alipay" achieved the trade of 19.1 billion RMB in one day on that day. Next infographic is the time series of this achievement.

0:10  Their transaction amount hit 250 million RMB.

0:37  Their transaction amount hit 1 billion RMB.

1:10  Their transaction amount hit 2 billion RMB.

2:19  Their transaction amount hit 3.37 billion RMB, and this number is total amount in the previous year.

8:16  Their transaction amount hit 5 billion RMB.

11:18  Their transaction amount hit 7.9 billion RMB, and this equal to the amount that  Cyber Monday recorded in the previous year.

13:38  Their transaction amount hit 10 billion RMB.

Total transaction amount was 19.1 billion in a day.

Other data:

1. Total amount is 19.1 billion RMB, and this breakdown is as follows:

Tmall     13.2 billion RMB

Taobao   5.9 billion RMB

2. Total UV was 213 million people.

3. Total number of orders was 105.8 billion times.

Source => Tmall official account on Sina Weibo

Alipay started to provide their open platform service for corporate users.

Alipay started to provide their open platform service for corporate users yesterday.

They publish APIs of payment, accounting, billing, trade, sales and so forth. At the moment, Alipay only provide its APIs to the corporate user, but they will also provide them to the personal users in near future too.


According to the report from Eguan, Chinese online payment market size was 976.4 billion RMB(=155.04 billion USD) , and Alipay have 46.9% market share in the third quarter.

They would like to increase their partner by this open platform, and it seems that they would like to establish their firm position in the Chinese online payment market as ever.


Source => Sohu IT, Eguan-1, Eguan-2