Meili

You are planning a trip to China? Buy in China?
| |

|
David Wei
Since October 2007, chief executive officer and executive director of Alibaba.com;
From November 2006 to September 2007, president of Alibaba.com and executive vice president of Alibaba Group;
From 2002 to 2006, president of B&Q China, a subsidiary of King
|

China's online payment market reached 555 billion yuan ($81.4 billion) in 2009, up 135.6 percent from 2008. The market has been growing at more than 100 percent annually since 2005. According to industry experts, there are more than 100 online payment companies in China till 2010. Alipay.com Co Ltd is the largest online payment company in China, having a 52 percent share of the market in 2009, followed by Tenpay, an online payment unit of Tencent, with 24.7 percent.



