TIL: mobile commerce in China

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In 2016, Chinese spent more than $5 trillion using their phones -- more than 50 times as much as in the U.S., according to one estimate.

Chinese spend roughly 30 percent of their smartphone time using WeChat, not just messaging one another but ordering taxis, exchanging business information, storing loyalty points for retailers. Meanwhile, Alibaba cornered 60 percent of the e-commerce market in 2016 and well above 50 percent in 2017.

https://www.bloomberg.com/view/articles/2017-12-03/maybe-china-can-t-take-over-the-world