Apple is teaming up with Alipay to win over China
news·@braven77·
0.000 HBDApple is teaming up with Alipay to win over China
<html> <h2> China's mobile payment industry is generating over $9 trillion a year, and Alipay is the market leader. </h2> <p><img src="https://steemitimages.com/DQmPafdZYJVxvv6K6Sty66QtJxjgz9HoSWFHTwqYKcnJ88N/aple.jpg" width="1366" height="768"/></p> <p> The second-highest selling phone in the nation in 2017 was the iPhone7, so Apple won a Chinese silver medal last year. However, in 2018 the electronics giant will target gold.</p> <p> Something that is not typical to Apple is the move to team up with Ant Financial, a known affiliate of Alibaba, to allow for customers to buy products in-store and online using Alipay, a payment system that competes with Apple Pay. To solve competitivity, the Alipay app will have a dedicated section for App Store purchases. </p> <p><img src="https://steemitimages.com/DQmYrGxotKygP8x6wVoXbwvWtcn16kYPEj4fsACVpTcTLGQ/29c4de76-e509-11e5-bc31-138df2ae9ee6.jpg" width="2048" height="1152"/></p> <p> China is a huge market for Apple, with over $9 billion in sales in the fourth quarter of 2017 alone. However, the biggest score for Apple in China came in the second quarter of 2015 in which the company generated $16.8 billion. During this interval, China's mobile payments transactions hit $9 trillion in 2016, with Alipay accounting for around 61.5 percent of those sales, <a href="https://walkthechat.com/china-mobile-payment-report-2017/">an iResearch report said</a>. </p> <p> Apple has made an effort to win the Chinese government with a lot of moves, including opening up two data centers in the country, as well as investing in local companies, such as the billion-dollar investment in the primary rival to Uber in China, Didi Chuxing. </p> </html>