Third-party mobile payments in China amounted to 106.41 billion yuan ($17.24 billion) in the second quarter of this year, soaring 64.7% quarter-on-quarter, according to 2013 Q2 China Mobile Payments Market Report released by iResearch. Alipay hits the No.1 spots both in overall market share and mobile Internet payment with 60.7% and 75%, respectively.

2012Q1-Q2 Market Share of Chinese Third-party Mobile Payment Enterprises

source: iResearch

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.