Alipay.com announced the formal break through 200 million users, more than Paypal

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Posted by admin | Posted in China | Posted on 11-10-2009

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July 6 news report,  Alipay the number of users, today announced its formal break 200 million mark. This is not only the domestic third-party payment companies to reach 200 million subscribers for the first time scale, but also announced Alipay has surpassed the paypal as the world’s largest electronic payment platform.

Alipay to reach 100 million users for the first time in the end of August 2008, from the first time in October 2003 appear to have accumulated Taobao 100 million users spent during the past five years. However, from 100 million subscribers increased to 200 million users, AliPay spent just 10 months.

Prior to the world’s largest third-party payment platform for paypal has about 180 million users, the number of users also means breaking 200 million for the first time exceeded the number of users Alipay paypal to become the world’s largest third-party payment platform. With paypal in the global 190 countries and regions have accumulated 180 million users of different Alipay primarily with China reached a market size of today.

Analysis, Alipay is the rapid development of the number of Internet users, and network with China’s rapid economic growth are inseparable. According to China Internet Network Information Center (CNNIC) released the data, as of May 2009, the total number of Chinese netizens reached 320 million, since February 2008 after the position has remained the world’s first. Bao pay the total number of users accounted for 62.5% of Internet users every 10 Internet users there are six Alipay users. Even more crucial in this market is still growing rapidly. In the number of users reached 320 million later, analysts predicted that China’s subscribers exceeded 600 million may only need two more than a year.

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