A new report from the PBOC shows that mobile payments are growing at a rapid pace in China. People have become comfortable with the idea of purchasing online using their mobile devices. Major Banks have established a powerful position in China's mobile commerce sector. These organisations currently provide the most popular mobile money services and have a massive consumer base to draw from. Alibaba and JD.com are turning to mobile for growth. 99 Wuxian (NNW) is 100% m-commerce focused and currently has 3% of the China m-commerce market. NNW operates a mobile marketplace that is embedded in the banking partners bank app. 99 Wuxian is unique in the m-commerce sector because it has specifically adopted a Business to Business to Consumer (B2B2C) model which connects Banks customers to over 155 quality Merchants like Tencent and Ctrip. These are some related articles: (VIEW LINK) & (VIEW LINK)
Please sign in to comment on this wire.