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WeChat Pay in 2024: How will it help your business grow?

WeChat Pay in 2024: How will it help your business grow?

WeChat Pay is a mobile payment service integrated into Tencent’s WeChat app, allowing users to make online and offline QR code payments directly within the app. By 2022, it had reached 1 billion users. WeChat Pay’s influence in cross-border commerce grew in 2023, and in 2024, it saw a 240% increase in overseas offline consumption. It offers various products like QR code payment, Mini Program payment, in-app payment, face recognition payment, JSAPI payment, and native payment, making it a versatile choice for businesses and consumers.

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Lower-Tier Market in China: Rural but Potential

Lower-Tier Market in China: Rural but Potential

China’s lower-tier markets, comprising smaller cities and rural areas, encompass over 70% of the population and are increasingly significant for overseas companies. With rising purchasing power and heightened price sensitivity post-Covid-19, these markets present substantial opportunities for businesses offering affordable yet high-quality products.

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