Apple will debut Apple Pay in China by Chinese Spring Festival Holiday on 8 February 2016, which is Chinese New Year.
According to the report, Apple has recently dealt with China's big four state-run banks to launch Apple Pay in the country, but the company could still see regulatory obstacles in China. China's bug four state-run banks include the Bank of China, China Construction Bank, Industrial and Commercial Bank of China and Agricultural Bank of China.
China already has electronic payment platforms that include Alipay the service from Alibaba and Tenpay which are the largest two E-Payment systems in the country.
Apple is already making more business from China Than any other market. China's market is about to overtake the United States.
Apple has launched the Payment service in Australia and Canada in the previous week with the exclusive support of American Express. Apple Pay will reach Hong Kong, Singapore and Spain in 2016. Apple is determined to make Apple Pay a international Payment service.
China was rumored for the launch of Apple Pay even before launch in the United Kingdom. Tim Cook has said words like "very bullish" for launching Apple Pay in China.
Apple is very close to become China's number one smartphone maker company according to the new reports of Strategy Analytics.
But till then Xiaomi is the number one smartphone company just because of its strategy to sell low-end smartphones. Analysts say the company's momentum is slowing down but Apple is continuously rising.
If put Samsung in the competition then it falls on the number forth position after Huawei.
The number of smartphone shipments to china are around 109.8 million in first quarter of 2015 and its said to be 17% increase in shipments as 93.6 million smartphones was shipped in first quarter of 2014.
And reportedly Xiaomi holds 12.8% of smartphone market in Chine as holds 1% less Apple occupy 12% of smartphone market in China. its quite impressive success if we take look on Xiaomi's cheaper phones and Apple's high-cost phone, its hard to capture market with high price phones.
The Xiaomi strategy seems to be not working in front of Apple Because of Apple's superior design and recently Company's CEO has told that the Company is seeing a decrease in profit from last two quarters as other brands keep to copy them.
But on the other hand Apple's growth is unstoppable and in last three months company has shipped huge amount of iPhones in chine which are 13.5 million and recently company has started trade in program in china to help users to get their hands on the new one and thats why we are expecting more fast growth.
Thoughts?
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