GUANGZHOU -- Mobile payments in China roughly tripled on the year to 23.04 trillion yuan ($3.49 trillion) in the April-June quarter, with local tech giants Alibaba Group Holding and Tencent Holdings dominating more than 90% of this fast-growing market.
Alibaba's Alipay service commanded a 53% market share based on payment value while Tencent took second place with 39%, according to data from research company Analysys International.
