Tenpay

Retail Asia09/03/2016

Within the next two years, China’s e-commerce market will top $1 trillion, making it bigger than the e-commerce markets of the US, UK, Japan, Germany, and France combined. Fuelled by greater internet and smartphone penetration, an expanding middle class with higher disposable income, and greater consumer confidence, over half of Chinese internet users having now […]

Retail Asia11/02/2016

‘Retailers are falling short in serving both Chinese shoppers and others overseas by not providing the seamless shopping experience they offer here in the UK’ Although 71% of the UK’s largest online retailers are selling internationally, almost half (45%) are completely ignoring China’s burgeoning e-commerce market, new research has found. China’s total e-commerce market is […]

Retail Asia16/11/2015

New regulations proposed by the Chinese government will deliver an immediate boost to state-ownedChina UnionPay, potentially forcing its smaller Chinese online payment agents out of business. The ‘Method of Network Payment Service Management for Third-Party Payment Agents’, proposed in August 2015, is set to restrict consumers’ daily and annual spending on online purchases through private […]

Retail Asia12/10/2015

online-bag-shopping-wallpaper-jimmy-choo-official-online-boutique-shop-luxury-shoes-bags-1024x575.jpg

Unfazed by the country’s economic slowdown, luxury shoppers on the Chinese mainland have increased their purchases online as a range of e-commerce options provide attractive deals – from cosmetics and clothes to cars and property. That trend was uncovered from a joint survey of 10,150 luxury consumers in China by global professional services giant KPMG, online luxury […]

Retail Asia24/06/2015

Magnificence merchandise retailer Sa Sa is to simply accept Tencent’s WeChat funds in 100 Hong Kong shops. Sa Sa thus turns into the primary international retail companion of tencent’s new offline WeChat-based cross-border cost service, TenPay. WeChat’s Tenpay permits account holders, principally Chinese language mainlanders, to scan the QR Code on their cell phone utilizing […]

Tag: Tenpay

How UK Retailers Can Embrace The Chinese Ecommerce Opportunity

UK retailers fail to capitalise on burgeoning e-commerce in China

New rules will ‘wipe out’ Chinese online payment agents

Luxury shoppers in China spending 28 per cent more per online purchase than in 2014, study shows

Sa Sa to simply accept WeChat funds instore