China's online third-party payment booms in Q1
Updated: 2012-05-08 09:17
(Xinhua)
|
|||||||||||
BEIJING - China's online third-party payment market reached 758.3 billion yuan ($120.49 billion) in the first quarter of 2012, a major tech and Internet information provider said Monday.
The figure represents a 90.9 percent year-on-year increase, and 2.7 percent increase compared to the last quarter of 2011, according to the results of a seasonal survey of China's online third-party payment market conducted by Analysys International.
The quarter-on-quarter decline in the industry's growth rate was due to the holiday season and the overdrawn consuming ability in the previous year-end sales promotion, said Zhang Meng, an analyst with the firm.
Related Stories
Experts positive about online corruption reporting 2012-05-03 21:11
China's Q1 online payment volume hits $123b 2012-04-28 10:16
Tesco takes online orders for food 2012-04-27 11:05
Online storage service to boost China's Internet startups 2012-04-24 18:10
Survey shows Chinese read less on paper but more online 2012-04-24 11:18
Online store focuses on baby products 2012-04-17 15:55
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |