WeChat finally surpassed Alipay and became the number one third-party payment

WeChat finally surpassed Alipay and became the number one third-party payment

According to the "2019 Third-Party Payment TOP50 Ranking" released by Internet Weekly, WeChat Pay, Alipay and UnionPay ranked in the top three, and JD Digits, a subsidiary of JD.com, ranked fourth. This ranking surprised many netizens.

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You know, according to iResearch's quarterly data report on China's third-party payment in the first quarter of 2019, Alipay's market share was as high as 53.8%, far ahead of WeChat (39.9%). What happened in just a few months that Alipay was overtaken by WeChat and could only be ranked second?

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According to the list, JD Digits ranks fourth. As we all know, Tencent is the major shareholder of JD.com, which means that Tencent occupies two of the top four seats in China's third-party payment industry. In other words, in the "battlefield" of China's third-party payment, Tencent has surpassed Alibaba and firmly sits on the top spot in third-party payment.

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WeChat has surpassed Alipay to become the king of mobile payments, but Alipay is definitely unwilling to give up. What kind of "war" will be set off around China's third-party payment? It's worth looking forward to!

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