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Company Insights
NewHuawei Pay – Competitor Profile
Huawei Pay was launched in 2016 via a collaboration between payment scheme China UnionPay and smartphone brand Huawei, with the aim of competing in China’s exponentially expanding mobile payments market. Huawei Pay offers a ranges of payment services, including in-app and in-store payments. It offers both NFC payment as well as QR code payments for in-store purchases. To ensure privacy and security for payments, Huawei Pay utilizes tokenization and biometric authentication such as fingerprint recognition. Challenging the dominance of established...
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Thematic Analysis
NewWeb3 – Thematic Intelligence
Web3 is an ideology that refers to the next iteration of the internet built on blockchain. It promises a mix of peer-to-peer (P2P) communication channels and decentralized governance, leading the internet’s transition from an information-centric model to a user-centric model. Web3 aims to give users the ability to create, own, and monetize their content and manage the use of their data. This will be stored on blockchains instead of on third-party servers.
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Sector Analysis
China Source Tourism Insight by Domestic and Outbound Tourism, Key Destinations and Tourist Profiles, 2024 Update
Explore thorough market trends and insights from the ‘China Source Tourism’ report: Get an in-depth analysis of traveler flows and spending patterns to understand the market better. The report looks at tourist profiles and summarizes the key reasons that they travel. Garner exhaustive data on the main and developing destination markets across regions. Stay up to date with current and future opportunities for tourism businesses seeking to tap into the China outbound travel market. Assess the impact of COVID-19 on domestic...
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Thematic Analysis
Social Media in Medical Devices – Thematic Intelligence
Social Media in Medical Devices Thematic Report Overview Social media has proven to impact the medical devices industry significantly. It has allowed patients to get together and discuss treatment options and their experiences within the healthcare system. Social media can help promote medical device awareness and understanding through sharing success stories, testimonials, and educational content. However, consumers’ increased concern about the use of personal data and content moderation will instead see smaller decentralized apps (dApps) become more popular. Several smaller...
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Thematic Analysis
Social Media in Travel and Tourism – Thematic Intelligence
Social Media in Travel and Tourism Thematic Report Overview Social media has proven beneficial for industries across the globe to garner a customer base and reach out to a larger set of audiences. In the travel and tourism industry, social media can provide a competitive edge to companies by predicting future travel trends. Travel enthusiasts are using content-sharing platforms such as Instagram and Pinterest as a way of finding inspiration for their trip. Travel trends such as staycations, rural tourism,...
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Thematic Analysis
Social Media in Retail and Apparel – Thematic Intelligence
Social Media in Retail and Apparel Thematic Report Overview The apparel and health & beauty sectors are increasingly adopting social media platforms and influencer marketing to promote their products and becoming purchasing channels. Adverts and paid partnerships with celebrities and influencers, especially on Instagram, are used exhaustively by apparel and health & beauty brands to expand their reach and appeal, especially among Gen Z shoppers. The purchasing preferences of these shoppers are greatly influenced by what they see on social...
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Sector Analysis
Malaysia Cards and Payments – Opportunities and Risks to 2027
Malaysia Cards and Payments Market Report Overview The annual value of card transactions in the Malaysia cards and payments market is estimated to be $84.5 billion in 2023 and is expected to grow at a CAGR of more than 10% during 2023-2027. The Malaysian payments market remains cash-reliant but has high growth potential as it shifts towards digital payments. Government initiatives including the introduction of an interchange fee cap, the migration of payment cards to support contactless payments, charges on...
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Company Insights
Tenpay – Competitor Profile
Tenpay is one of the most the popular alternative payment solutions in China. It was launched in 2005 by Tencent – one of China’s leading internet companies. Tenpay supports online, in-app, and in-store payments both in China and abroad. Tenpay users can make fund transfers to other users’ Tenpay accounts or their bank accounts. Users can also make mortgage and credit card payments and can invest in various financial products. Tencent also owns popular social media platforms including QQ Messenger...
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Sector Analysis
China Cards and Payments – Opportunities and Risks to 2027
China Cards and Payments Market Report Overview The China cards and payments market size was valued at $19.5 trillion in 2023 and is expected to achieve a CAGR of more than 6% during 2023-2027. China is the world’s largest payment card market in terms of transaction value. The People’s Bank of China (PBOC) (the country’s central bank) and card issuers have launched initiatives such as enforcing a cap on merchant service fees and making efforts to change consumer payment habits....