2011-07-15 10:30 
100 million active PayPal buyers
globally can now shop anytime, anywhere on their mobile devices for
great deals on nearly four million products from China
SHANGHAI, July 15, 2011
/PRNewswire-Asia/ -- PayPal, the global leader in online and mobile
payments, recently announced cooperation agreements in cross-border
m-commerce with three leading online marketplaces in China, DHgate,
LightInTheBox and TradeTang. Over the past 3 months, PayPal's
mobile team has worked closely with these Chinese marketplaces to
launch PayPal as the exclusive payment option for DHgate
(m.dhgate.com) and TradeTang (m.tradetang.com) mobile shopping
websites as well as integrate PayPal as the sole payment solution
for DHgate and LightInTheBox iPhone apps. These wholesale
marketplaces are now able to seize the first-mover advantage in
China to capitalize on the booming global mobile commerce trend and
offer nearly four million Chinese products to 100 million active
PayPal buyers and consumers in 190 markets and 25 currencies at
incredible prices anytime, anywhere.
By partnering with PayPal, DHgate, LightInTheBox and TradeTang are
expanding their global sales through this new mobile channel with
up to US$10 million transacted every day by PayPal users via their
mobile devices. PayPal is ideally suited to connect mobile shoppers
around the world to Chinese merchants through faster, more
convenient mobile payments that can be completed in as little as
two clicks and without the need to enter in credit card details on
a small screen. At the same time, PayPal provides a safer mobile
payment method as no user information is shared with merchants and
no financial details are stored on mobile devices. A recent
research study conducted by GfK in April 2011 showed that PayPal is
the top global brand for mobile payments because of high levels of
trust with personal financial data, as ranked by consumers in nine
major markets where mobile payments have been used for several
years.
"Mobile shopping
is one of the fastest-growing segments of the global e-commerce
market and PayPal is a driving force behind its explosion as we
expect mobile transaction volume on our global platform to reach
US$3 billion with 8 million mobile users in 2011. By working with
Chinese wholesale marketplaces that represent hundreds of thousands
of Chinese SMEs and offer millions of products, we connect them
with global buyers and provide an immediate impact and significant
cost-savings to mobile shoppers worldwide," said Alan Tien, General
Manager of PayPal China.
He added: "We're
thrilled to partner with DHgate, LightInTheBox and TradeTang as
they share the same philosophy and programs to provide high-quality
products at great value to our global buyer base through a
multi-channel sales approach, online and now mobile. We hope their
business success will showcase the benefits of our cross-border
mobile payment platform to Chinese merchants of all sizes and
convince more of them to join us in the global mobile commerce
revolution."
"As a leading
marketplace in China, DHgate is making endless efforts to enable
millions of overseas buyers to buy wholesale products directly from
Chinese businesses. With the increasing momentum of m-commerce, we
need to have a mobile shopping presence to meet the changing needs
of how overseas buyers prefer to shop and pay now and in the
future. By incorporating PayPal's leading mobile payment solutions,
we allow overseas shoppers to quickly and safely pay for over three
million Chinese products on our mobile shopping site or through our
mobile app. With PayPal's excellent support, we are enabling all
our merchants to win more business by selling to PayPal's
significant mobile shopping user base around the world." said Diane
Wang, CEO of DHgate.
"With the booming trend of
m-commerce all over the globe, consumers are increasingly embracing
the convenience of shopping and paying via smartphones. As one of
the top online retailers in China and with PayPal's strong
expertise in mobile payments, it was an easy decision for
LightInTheBox to incorporate PayPal's payment solution optimized
for mobile devices. We believe PayPal's cutting-edge mobile payment
solutions widely used all over the world will bring our global
customers a much faster and more secure shopping experience on
their smartphones for our consumer lifestyle products," added Kevin
Wen, President of LightInTheBox.
"Paying with
PayPal on mobile devices can answer our international consumers'
needs of shopping anytime and anywhere in a safer and more
convenient way. We are so glad to see that millions of consumers
worldwide can find what they need on our mobile store and pay
quickly, securely with PayPal. We expect an estimated 20% of
TradeTang.com's revenue will be generated by our mobile store in
the future. Working closely with PayPal definitely opens a lot of
opportunities for us to leverage their innovations to expand our
global business through this new mobile sales channel," shares
Joshua Hii, Vice President, Marketing & Merchandising,
TradeTang.
With global buyers embracing the
convenience of mobile shopping either on mobile websites or through
in-app payment transactions, it's clear that mobile commerce is now
a key megatrend in e-commerce industry. According to ABI Research,
consumers over the globe are expected to spend US$119 billion by
2015 through their mobile phones, accounting for about 8 percent of
all e-commerce activities. Meanwhile, the smartphone sales figures
show the inevitability of mobile commerce development in next five
years. According to Gartner Inc., worldwide smartphone sales will
reach 468 million units in 2011, a 58% increase from 2010, and are
expected to grow to 1.1 billion units by 2015.
About
DHgate
DHgate is a leading international
B2B e-commerce enterprise. We serve as a platform to help small and
medium enterprises in China to enter global market through
cross-border e-commerce. By opening up a brand new international
business model, DHgate is making e-commerce easier, safer, and more
efficiency. DHgate is building an online silk road between the
enterprises in China and foreign buyers. As the pioneer of B2B
overseas e-commerce trading platform, DHgate has fully considered
the specificity of international trade, combining e-commerce with
traditional international trade. For the operation of international
trade, DHgate offers professional and effective information, Safe
and reliable capital, quick and convenient logistics. More
information about the company can be found at https://www.DHgate.com/
About
LightInTheBox.com
LightInTheBox.com is a leading
China-based online retailer that delivers products to consumers
around the world at affordable price. They target lifestyle product
categories where consumers value choice or customization, including
special occasion apparel, fast fashion, home and garden, beauty,
electronics, communications devices and accessories. They source
most of our products directly from factories. Each month they ship
products to customers in more than 160 countries. More information
about the company can be found at https://www.LightInTheBox.com/
About
TradeTang
TradeTang.com is the fastest growing
internet platform in China, from nearly zero to more than 200
employees across China, is efficient and thoughtful to our clients.
Unlike other worldwide commercial platforms, the TradeTang.com is a
globalized B2B wholesale center that collects made-in-China
merchandise all over the country from sellers directly link to the
manufacturers. Most of their products come straight from factories,
which means the lowest prices and, if disputes arise, buyers could
contact the manufacturers directly and immediately. More
information about the company can be found athttps://www.TradeTang.com/
About
PayPal
PayPal is the faster, safer way to
pay and get paid online. The service allows members to send
payments without sharing financial information, with the
flexibility to pay using their account balances, bank accounts
(where available), debit cards and credit cards in various markets.
PayPal is an eBay company and enables global e-commerce with more
than 100 million active accounts in 190 markets and 24 currencies
around the world. The company's open payment platform, PayPal X,
allows developers to build innovative payment applications on
multiple platforms and devices. More information about the company
can be found at https://www.paypal.com/
PayPal is headquartered in San Jose,
California and its international headquarters is located in
Singapore.
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