Doing Business in China

July 6,2009,online payment platform Alipay(ZhiFuBao) in China said their user numbers have exceeded more than 200 million.The figure puts Alipay ahead of eBay's online payment tool PayPal which has recorded 180 million users,to become the world's largest online payment platform.

The company added 100 million users in the past 10 months, after it claimed the first 100 million users in August 2008. from October 2003 appeared the first time to the accumulation of Taobao 100 million users spent during the past 5 years. Subscribers increased from 100 million to 200 million users, AliPay spent only 10 months.

Analysis, AliPay with the rapid development of China's Internet users and network the number of rapid economic growth are inseparable. According to China Internet Network Information Center (CNNIC) released the data, as of May 2009, the total number of Chinese netizens reached 320 million, since February 2008 has been to maintain the world's first location. Bao-paid subscribers accounted for 62.5 percent of the total number of users, each in every 10 Internet users to pay 6 Bao users. Crux of the matter is still in the rapid growth of this market. In the number of users reached 320 million, some analysts predicted that users in China exceeded 600 million may only need 2 years.