Alipay
China e-Commerce has continuing to growth at a frenetic pace this few years. Chinese consumers are migrating beyond some of the free services offered by the portals such as Sina.com as they increasingly do more of their shopping online.
"E-Commerce exploded in the past few years", said by Ben Cavender of senior analyst with Shanghai-based China Research Group. And he believe to see more growth in the future.
In China, there were a lot of trust issue in regards to fake goods or products that broke easily. Third party payment system named Alipay and the increasing acceptance of credit cards help to solve this issue.
There was a big difference between Alipay and PayPal. The main difference is that Alipay will not release the payments until the buyer actually receive the goods or products. Alipay has now become China biggest online payment company. They are processing more than 1 billion yuan in transaction everyday. It was believe that Alipay will surpass Paypal in the future.
Alibaba and Taobao
Alibaba.com is the world largest B2B trading platform for the small business while Taobao is the biggest internet online retail platform in China. Taobao also offer Alimana (www.alimana.com), an advertising exchange and affiliate network for Chinese publisher, and Koubei.com (www.koubei.com), one of the classified listing platforms in China.
Taobao is an online destination for shopping, socializing and information sharing in China operated by Alibaba Group. Alipay, an escrow-based online payment platform is the preferred payment solution for transaction on Taobao.
Alibaba's online retailer Taobao has benefited from Alipay's success in much the same way ebay did from PayPal. The key difference between the Taobao and eBay is that Taobao relies on those advertising revenue rather than transaction fee like those charged by eBay.
Source: http://bit.ly/8fNoX2
China e-Commerce has continuing to growth at a frenetic pace this few years. Chinese consumers are migrating beyond some of the free services offered by the portals such as Sina.com as they increasingly do more of their shopping online.
"E-Commerce exploded in the past few years", said by Ben Cavender of senior analyst with Shanghai-based China Research Group. And he believe to see more growth in the future.
In China, there were a lot of trust issue in regards to fake goods or products that broke easily. Third party payment system named Alipay and the increasing acceptance of credit cards help to solve this issue.
There was a big difference between Alipay and PayPal. The main difference is that Alipay will not release the payments until the buyer actually receive the goods or products. Alipay has now become China biggest online payment company. They are processing more than 1 billion yuan in transaction everyday. It was believe that Alipay will surpass Paypal in the future.
Alibaba and Taobao
Alibaba.com is the world largest B2B trading platform for the small business while Taobao is the biggest internet online retail platform in China. Taobao also offer Alimana (www.alimana.com), an advertising exchange and affiliate network for Chinese publisher, and Koubei.com (www.koubei.com), one of the classified listing platforms in China.
Taobao is an online destination for shopping, socializing and information sharing in China operated by Alibaba Group. Alipay, an escrow-based online payment platform is the preferred payment solution for transaction on Taobao.
Alibaba's online retailer Taobao has benefited from Alipay's success in much the same way ebay did from PayPal. The key difference between the Taobao and eBay is that Taobao relies on those advertising revenue rather than transaction fee like those charged by eBay.
Source: http://bit.ly/8fNoX2
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