iResearch released a report about the Chinese mobile payment market this month.
Highlights:
The Fortune 500 list is relatively stable. Every time a new company makes it to the top 500, the media celebrates. But in the extremely competitive Chinese social media environment, making it to the top 500 could just be temporary glory…
Earlier this year, Alibaba bought a 40% stake in PayTM, the largest mobile payment processor in India.
What’s Alibaba’s strategy? Why is India such a good “next step” for Alipay today? We’ll look into that.