Maverick China Research

Tang Bin, Yeepay’s CEO, has recently given an interview for Chinese portal eNet. Yeepay is one of China’s leading third-party payment providers, operating telephone, mobile, and online payment platforms. In the interview - The direction of electronic payment, available in Chinese only, Tang Bin talks about Yeepay’s performance in the market and about the state of China’s third-party payment industry as a whole. In this interview Tang Bin made a few interesting points, some of the key ones are summarized below.

The Chinese e-payment industry is 10 years lagging behind the USA, mainly due to China’s credit system and financial infrastructure which are not yet developed.

It has been over a month since the earthquake off the coast of Taiwan, during the time which access to non-Chinese hosted websites were largely unavailable due to slow Internet speeds. Over two weeks after the widely quoted January 15th date (from IHT, from China Daily), I am happy to announce that Internet speeds are finally back to normal in Beijing!