Tag: tencent

JD.com launches new mobile commerce service for merchants

| December 15, 2014

JD.com and Tencent continue their push into the mobile sector

JD.com, one of the largest online retailers in China, is taking steps to combine its business with Tencent, developer of China’s most used messaging and gaming platforms. Earlier this year, Tencent purchased a 15% stake in JD.com in its ongoing effort to compete with Alibaba. The two companies have been working together to establish a stronger foothold in the mobile commerce market, with Tencent trying to convert its WeChat users into JD.com shoppers and vice versa.

New service will allow retailers to build their own mobile commerce websites and connect with consumers

JD.com has created a new service called PaiPai Weidian that will allow merchants to easily create mobile commerce websites. This will help smaller merchants to better engage the mobile audience, which is comprised of a rapidly growing consumer base that is eager to purchase products online from their smartphones and tablets. The new service will allow these merchants to promote their products on the WeChat platform, which boasts of more than 460 million active monthly users throughout Asia.

Mobile sites help bring in $16.2 million in mobile payments

Mobile Commerce - New Service LaunchedThe service could go a long way in helping JD.com establish a stronger presence in mobile commerce. The company sees a great deal of promise in this sector, as mobile consumers have shown that they are willing to spend large amounts of money online. During China’s Singles Day, which is the retail equivalent of Black Friday in the United States, some $16.2 million in mobile payments were processed through sites built by JD.com’s new service. The service had a test launch in September of this year, during which small retailers were able to test its capabilities.

Mobile commerce continues to explode in China

Mobile commerce is thriving in China. This is largely due to the growing number of people that are gaining access to smartphones and the mobile Internet. Growth is also being powered by companies that are offering mobile shopping and payment services to consumers and retailers alike. Retailers are beginning to take advantage of these services in order to connect with a new generation of consumers.

Line to expand into mobile payments

| October 13, 2014

Japanese app developer is beginning to expand its services into mobile commerce

Developers of mobile messaging applications are beginning to push into the mobile commerce space. These apps have won popularity for allowing people to message one another for free, but soon people may be using the apps to pay for goods and services and money transfers. Line is the latest app developer to show interest in the mobile payments space and the company is beginning to develop its own payment platform.

Company has major plans for the future after delaying its initial public offering

Line had plans to launch an initial public offer this year, but these plans have been delayed due to the company’s interests in expanding its services. The Japanese company has plans to develop a ride-share application that is similar to Uber, allowing people to purchase rides from private drivers that are associated with the company. Line is also developing an in-door map service and a food delivery service. The company is also branching into the online music streaming sector, offering mobile consumers a way to listen to music through an app.

Line Pay will allow users to pay for goods and services and transfer money to friends and family

Company extending into mobile paymentsThe company is showing particular interest in mobile payments, however, due to the massive revenue potential that the field of digital commerce represents. The Line Pay app, as it is called, will allow users to make payments at convenience stores by linking the app to their bank accounts or credit cards. The app can also be used for money transfers to friends and family. It will also allow users to split restaurant bills easily.

Line will face strong competition in the mobile commerce space

Line will face major competition in the mobile commerce space. The market is currently crowded with a vast number of payment startups that are looking to take advantage of the growing interest consumers have in mobile shopping and payments. Companies like Tencent and Alibaba currently hold a commanding presence in the Asian mobile commerce space, and Line will have to battle these two companies for the favor of consumers.