City ranks among top 5 in online spending

By Ding Yining | January 13, 2014, Monday |

Online Edition

Shanghai residents spent an average of 31,018 yuan (US$5,085) last year through Alipay, a third-party payment service, data showed today.

Guangdong Province ranked first in total online spending, followed by Zhejiang, Beijing, Shanghai and Jiangsu, according to Alipay, which was founded by China's largest e-commerce company Alibaba.

Mobile payment also jumped last year as the number of Alipay app users increased more than five times from a year ago.

During the one-day online shopping carnival on November 11, the so-called Singles Day, Alipay recorded 188 million transactions and 24 percent of the purchases were paid via mobile devices.

Transfers among Alipay users increased 33 times year-on-year after the payment company waived transfer fee and offered incentives to lure consumers to shop via smart phones.

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City ranks among top 5 in online spending

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