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WeChat Pay's main competitor in China and the market leader in online payments is Alibaba Group's Alipay. Alibaba company founder Jack Ma considered the red envelope feature to be a "Pearl Harbor moment", as it began to erode Alipay's historic dominance in the online payments industry in China, especially in peer-to-peer money transfer. The ...
China mobile payment giants Alipay and WeChat Pay have started allowing overseas users to link their accounts to international bank cards, in a move cheered by foreign payment firms like Visa and ...
In 2011, Chinese company Alipay designed a QR code payment method which allowed partnering offline stores to accept payment by scanning an individual's QR code in Alipay Wallet. [6] In 2014, Chinese technology company Tencent introduced a similar feature on its messaging app WeChat to allow its users to make QR code payments. [7]
WeChat red envelope (or WeChat red packet) is a mobile application developed by the Chinese technology company Tencent.The concept, also offered by its market competitors Alibaba and Baidu, is based on the Chinese tradition of hongbao (red envelope, or red packet), where money is given to family and friends as a gift.
A super-app, also known as an everything-app, is a mobile or web application that can provide multiple services including payment and instant messaging services, effectively becoming an all-encompassing self-contained commerce and communication online platform that embraces many aspects of personal and commercial life.
Alipay is used in smartphones with their Alipay Wallet app. QR code payment codes are used for local in-store payments. [24] The Alipay app also provides features such as credit card bill payments, bank account managements, P2P transfer , prepay mobile phone top-up, bus and train ticket purchases, food orders, vehicles for hire , insurance ...
A mini program is an app within an app. Business owners can create mini apps in the WeChat system, implemented using proprietary versions of CSS, JavaScript, and templated XML JavaScript with proprietary APIs. [68] Users may install these inside the WeChat app. In January 2018, WeChat announced a record of 580,000 mini programs. [69]
IntelliCAD is a CAD editor and development platform with an API published by the IntelliCAD Technology Consortium (ITC) through shared development. IntelliCAD emulates the basic interface and functions of AutoCAD, however, it is particularly able to incorporate and interchange freely between a wide variety of file types (i.e., .dwg, BIM, TIFF, etc.).