Meanwhile in China: Weekly News Roundup [9/4-9/8]
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83% Chinese aware of mobile wallets compared with 57% in Asia
China has the highest awareness of e-wallet in Asia, which is being driven by the ubiquity of homegrown Internet giants, as many of them have started to incorporate digital payment features as part of their offering to consumers. While only 25% of respondents from China cited cash as the most often used form of payment.
Source: ChinaInternetWatch
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Huawei armed with AI-powered phone chip
Huawei aims to use artificial intelligence-powered features such as instant image recognition to take on rivals Samsung and Apple when it launches its new flagship phone next month. Huawei will launch the Mate 10 and Mate 10 Pro on Oct. 16. The phones are expected to boast large, 6-inch-plus full-screen displays, tech blogs predict. Artificial intelligence (AI) built into its new chips can help make phones more personalized or anticipate the actions and interests of their users
Source: Sina
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Top Wechat stats and trends 2017
As the biggest social network in China, Wechat has driven information consumption of 174.3 billion yuan (US$25.3 bn) in 2016, an increase of 26.2%. It accounted for 4.54% of total information consumption in 2016. WeChat monthly active users number has reached 963 million in Q2 2017, representing YoY growth of 19.5%. About half WeChat users use WeChat for at least 90 minutes a day.
Source:ChinaInternetWatch
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Mexican Businesses have a new way to sell goods in China Thanks to Alibaba
Chinese retail giant Alibaba has made a deal with Mexico aims to help Mexican small and mid-sized businesses sell goods in China using Alibaba’s B2B trading site. Under the agreement, Alibaba will train Mexican businesses in best practices in e-commerce, digital payments, logistics, and analysis, according to Alibaba.
Source: Fortune