Tencent nearly doubled its mobile-payments share to 20% in 2015 from 11% in 2014, while Alipay’s market share fell to 68% from 82%. Despite the growth, Tencent’s payment business has not gained a profit, while Alibaba’s affiliate Ant Financial Services Group declined to say whether its payment business has been profitable. On the other hand, Tencent stated that it would continue to invest in WeChat Pay since it expects revenue to come in the future.
Philly Fed: State Coincident Indexes Increased in 44 States in March
(3-Month Basis)
-
From the Philly Fed:
The Federal Reserve Bank of Philadelphia has released the coincident
indexes for the 50 states for March 2024. Over the past three mo...
No comments:
Post a Comment