Alipay still leading in China’s online payment market

Mon, May 6, 2013: According to China Post report, Alipay, the online payment arm of Alibaba group, had a 46.6 per cent share of the online payment market in 2012, followed by Tencent’s payment unit – Tenpay with 20.9 per cent. Alipay was reported that had a total of 800 million registered accounts by the end of April and Tenpay with 200 million registered users by the end of last year.