Polo Shao, the AliPay President, is leading his company heading toward the mobile payment market, seizing mobile Internet market. So, the daily transaction value of AliPay has exceeded CNY 1.2 billion.

AliPay has set up independent R&D team for the development of related products in a move to accelerate the development of mobile payment market.

Currently, 2% to 3% of AliPay users accomplish their payment s through mobile phones. Meantime, the company representatives forecast that the figure will reach 10% to 15% next year.

AliPay has developed customer ends compatible with three operating systems, boosting its transaction value day by day. The company also cooperates with mobile phone makers, embedding its service into the latter's products.

In November, China Mobile announced that it plans to shuffle WAP partners and prevent unhealthy information from being spread through mobile phones. That’s supposed to force more wireless Internet companies to give up collecting charges via the systems of telecommunications carriers, and shift to AliPay and online banking.