Alipay, China's equivalent to PayPal, announced that they now have 200 million registered users, mainly from China, exceeding PayPal's 180 million users that span 190 countries and regions around the globe in respective supporting languages.
Although many of us have not heard of Alipay at all, and even if we had occasionally read about it in the news, many of us would not have the chance to use it unless we have business dealings or family ties in China.
Even so, China itself is a world of its own with 320 million web users at the last count in May of 2009. 62.5% of these users use Alipay. As China's web usage continues to grow exponentially, Alipay can only expect their user base to grow. The President of Alipay even expects the trading value of the company to exceed that of PayPal's in three years' time!
Although many of us have not heard of Alipay at all, and even if we had occasionally read about it in the news, many of us would not have the chance to use it unless we have business dealings or family ties in China.
Even so, China itself is a world of its own with 320 million web users at the last count in May of 2009. 62.5% of these users use Alipay. As China's web usage continues to grow exponentially, Alipay can only expect their user base to grow. The President of Alipay even expects the trading value of the company to exceed that of PayPal's in three years' time!
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