China Online Payment Overview
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As of March 2008, China has 220 million internet users, with significant growth in online shopping, reaching 55 million shoppers spending $8.25 billion. The banking infrastructure includes 180 banks with 740,000 outlets and 120,000 ATMs, contributing to a rise in credit card usage and transaction volume during the Chinese New Year. Softbank China and India Holdings invests in early-stage companies in internet, telecom, and media sectors across China, India, and select Southeast Asian countries.
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China Online Payment Overview
- 1. March 2008 China Payment Overview WILLIAM BAO BEAN SOFTBANK CHINA & INDIA HOLDINGS
- 2. China Internet and eCommerce background 220m Internet users as of March 2008 2006: 43m online shoppers spending US$4.3bn 2007: 55m online shoppers spending US$8.25bn Taobao 75% of turnover or US$6.1bn Source: BDA China, CIRC
- 3. China bank network overview 180 banks, 740,000 outlets, 120,000 ATMs 1.5m bank cards. 75m credit cards vs 52m in 2006 Int’l China bank cards 26 countries, 125,000 outlets and 365,000 ATMs Source: CUP
- 4. Chinese New Years 2008 report Card spend US$4.03bn vs US$2.52 in 2007 Transactions 66.4m vs 44.3m in 2007 Domestic retail sales US$36bn up 16% in spite of storms Int’l card spend US$225m vs US$157m in 2007 Domestic average spend per transaction US$60, Int’l US$417 Source: CUP
- 5. China OTA customers rising Source: SBCI, Company reports
- 6. Customer concentration in top cities falling Source: SBCI, Company reports
- 7. Guaranteed allotment hotels rising Source: SBCI, Company reports
- 8. Guaranteed allotment hotels bulk of bookings Source: SBCI, Company reports
- 9. eTickets almost all transactions Source: SBCI, Company reports
- 10. Online transactions stable Source: SBCI, Company reports
- 11. Package sales still small Source: SBCI, Company reports
- 12. Outbound air 15% of sales, 4-7% of volume Source: SBCI, Company reports
- 13. Bank card purchases of air tickets rising eLong 48% Ctrip 60-70% ETpass 30% Yoee 60% Source: SBCI, Company reports
- 14. SoftBank China and India Holdings Bodhi Investments LLC Founded 2006 Strategic backers SoftBank Corp. of Japan and Cisco Target markets China and India Selected South East Asian countries Target industries Internet and software, telecom value-added services, converged media and entertainment Target companies Early stage and selected pre-IPO opportunities 5 investment professionals with offices in Shanghai and Bangalore Investment decision process independent of SoftBank and Cisco
- 15. Thank You! William Bao Bean Partner [email_address] +86 139 1789 8171 +852 9131 0218