New Payment Methods for Online Shopping in China

Payment Ways

Alipay(支付寶)

Tenpay(財付通)

Yeepay(易寶支付)

WeChat pay(微信)

Appearing time

Dec 12th, 2004

Sept 9th, 2005

Aug 8th, 2003

Jan 21st, 2011

Companies

Taobao

Tencent

Yeepay

Tencent

Description

A transfer (中轉(zhuǎn)) station (a third account (賬戶) between sellers and buyers)

Ways

Through computers or mobile phones

The number of

cooperative banks

180

5

9

11

The number of users

30,000,000

3,000,000

100,000

3,000,000

1.According to the form above, we can know something about _________.

A.online shopping B.new payment methods

C.online stores D.the uses of the Internet

2.Which are from the same payment service company?

A.Tenpay and WeChat pay. B.Yeepay and WeChat pay.

C.Alipay and Tenpay. D.Tenpay and Yeepay

3.When you buy something on Taobao, the money you pay first goes to________.

A.a bank B.the seller directly

C.the seller’s mobile phone D.a third account between sellers and buyers

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