Latest Press Releases
Apr. 16, 2019
CITCON Raises US$5 Million to Power Global Expansion of Mobile Payments
CITCON announced today that it has raised US$5 million from East West Bank as its strategic investor for the Series B financing round, bringing the total financing to US$15 million to date.
Mar. 20, 2019
CITCON and ACCEO Partner to Enable Alipay and WeChat Pay Acceptance for More North American Retailers
Citcon has teamed up with ACCEO, a leader in banking, business software, SaaS solutions, and cloud computing. ACCEO’s direct-to-processor payment architecture will now accept the two largest mobile payment options in the world, China’s WeChat Pay and Alipay.
The Demand for Foreign Baby Care Products in China
The baby care industry in China has grown steadily since China ended its One Child Policy in 2016. The total sales of baby care products are predicted to rise at a CAGR of 14.5 percent, reaching RMB18.888 billion in 2023. Online channels now represent 50% of the mom and baby retail market, increasingly competing with brick and mortar stores for consumer attention.
Adopt a Mobile-First Strategy
Cross-border e-commerce is one of the fastest ways to sell health products to China since it does not require a long product certification process. Additionally, because of the emergence of various e-commerce platforms and the improvement of logistics networks, e-commerce has become the go-to channel for health and nutrition products.
The “Beauty” of China Cross-Border E-Commerce
Read our latest blog on how the beauty and skin care industry is expanding to China through Cross-Border e-Commerce. Tmall cited that its sales of beauty products jumped over 60% last year, surpassing the industry’s average growth rate.
WeChat Pay Supports Merchants Expanding Businesses to the World
By WeChat Pay Global
“Excellent Service Award 2018” – Citcon is excited to be recognized by WeChat Pay as the only payment partner in the US market for the outstanding solution and services, enabling merchants to connect with over 1 billion Chinese consumers.