China Communication Industry Revs Up 10.7% YoY -- According to China's Ministry of Information Industry (MII), China's communication industry recorded revenues of 309.68 billion Yuan in the first half of 2005, up 10.7 percent year on year. Fixed line users increased by 25.68 million subscribers in the first half of the 2005, while mobile users increased by 28.34 million users. Little Smart users increased by 14.88 million to hit 79.75 million total users. Broadband subscribers increased by 6.78 million in the first six months of 2005 to 31.65 million subscribers. Short messaging (SMS) volume hit 139.25 billion messages, up 39.8 percent year on year.
The world of eCommerce payments has evolved. As we look toward the latter half of this decade, we're witnessing a transformation in how digital commerce operates, with a clear shift toward localized payment solutions within a global marketplace. The numbers tell a compelling story. According to Juniper Research's latest analysis, global eCommerce transactions are set to reach $11.4 trillion by 2029, marking a 63 percent increase from $7 trillion in 2024. This growth isn't just about volume – it's about fundamental changes in how people pay for goods and services online. Perhaps most striking is the projected dominance of Alternative Payment Methods (APMs), which are expected to account for 69 percent of global transactions by 2029, with 360 billion transactions processed through these channels. eCommerce Payments Market Development What makes this shift particularly interesting is how it reflects the democratization of digital commerce. Traditional card-based systems ar...