How WeChat Pay became Alipay’s largest rival

How WeChat Pay became Alipay’s largest rival

WeChat Pay, QR code payments, phone payments
Paying for Starbucks coffee. Photo credit: Tencent.
In China, tech giants tend to delineate their influence around certain industries – Alibaba has made ecommerce its calling, while Tencent owns social and gaming. But as their empires continue to expand, overlap is inevitable.
Mobile payments is one of those areas of contention. It’s a lucrative and high-growth market, growing more than 200 percent year-on-year during the fourth quarter of 2016, when it hit US$186 billion. Mobile payments are also a key access point to consumer data, especially in China, where more than half of online sales happen through a smartphone.
Ant Financial, Alibaba’s financial affiliate, has long dominated the market with Alipay, its mobile wallet. Launched in 2009 as one of the earliest mobile payments solutions, Alipay owned about 80 percent of the market for five quarters straight, starting in the third quarter of 2013. But that stronghold is slowly slipping.
WeChat Pay has become Alipay’s biggest competitor.
“Because of WeChat’s traffic and social advantage, in these past two years, WeChat Pay has become Alipay’s biggest competitor,” Wang Pengbo, finance analyst at research firm Analysys, tells Tech in Asia. WeChat Pay, which launched in 2013, is the mobile wallet inside Chinese social messaging app WeChat.
Last month, Analysys published a report on China’s mobile payment market for the fourth quarter of 2016. Alipay had a market share of 54.7 percent;Tenpay – which includes WeChat Pay – came in second with about 37 percent. And while Alipay saw higher transaction amounts – influencing its overall market share – Tenpay had almost double the number of active users.
So how did WeChat Pay catch up? By doubling down on two key areas: social payments and offline retail.

Step one: red packets

Exchanging red packets stuffed with cash is a tradition during Chinese New Year. Photo credit: razihusin / 123RF.
If ecommerce is the backbone of Alipay, social interactions are the driving force behind payments on WeChat.
In particular, WeChat Pay has capitalized on China’s tradition of gifting cash-filled red packets with tremendous success. After debuting its own virtual red packet, which lets users send up to US$29 to fellow WeChat friends, the mobile app saw around 16 million red packets exchanged during Chinese New Year’s Eve in 2014, according to Tencent. A year later, that number jumped to 1 billion.
“WeChat Red Packets originates from one of Tencent’s company customs and broader Cantonese tradition that every manager in the company gives each employee a red packet with a small cash gift on the first work day after the Chinese New Year holiday,” wrote Y Combinator in a blog post last week about WeChat, written in partnership with China Tech Insights, one of Tencent’s internal research teams.
“As the company expanded, it became exhausting for some managers to give out so many Red Packets, so they asked for technical solution to solve the issue – they had no idea that the result would become the prototype of WeChat Red Packet.”

The explosive growth of WeChat red packets: 16 million in 2014 to 14.2 billion in 2017.
Jack Ma called it a “Pearl Harbor Attack” on Alipay, which subsequently launched its own red packet equivalent. Now, Chinese New Year is a time of intense competition between the two companies, both of which have employed a variety of tactics to one-up each other and attract new users, like giving out free red packets and e-coupons. This year, Alipay even added augmented reality functionality to its app, inciting users to chase down red packets a la Pokemon Go.
Thanks to red packets, WeChat Pay was able to kickstart its user base in a short period of time.
But for Alipay, the damage was already done. Thanks to red packets, WeChat Pay was able to grow its user base in a short period of time. By the end of 2014,more than 100 million users had integrated their bank accounts with WeChat Pay and QQ Wallet, the payment system of QQ, another popular messaging system of Tencent.
Today, sending red packets is still a popular use of WeChat Pay, as is transferring money to other WeChat contacts. According to Tencent’s internal data research team, Penguin Intelligence, 87.8 percent of surveyed users in January said they used WeChat Pay to send red packets, followed by peer-to-peer payments at 63 percent.
Alipay AR red envelopes, hongbao
AR red packets by Alipay. Image credit: Tech in Asia.
It’s important to note that neither Alipay nor WeChat Pay make money from peer-to-peer payments, including red packet exchanges between users. But for WeChat, payments between users were crucial to establishing its early user base.
Unlike Alipay, WeChat doesn’t have a robust ecommerce business to fall back on for user acquisition. And once it convinced millions of users to sign up for its mobile wallet, WeChat Pay could now turn its attention to online services – and connecting them to users.

Step two: connect the dots

The timing was perfect. In 2015, China’s online-to-offline (O2O) market exploded: ride-hailing, food delivery, movie-ticket purchasing.
Both Tencent and Alibaba dove in as active investors. Alibaba backed delivery startup Meituan, while Tencent invested in Yelp-like Dianping – though by the end of 2015, the two startups merged into Meituan-Dianping, with both Tencent and Alibaba as stakeholders. That year, Tencent also made two investments in food delivery startup Ele.me, while Alibaba and Ant Financial jointly created and invested in Koubei, a portal for local services that’s accessible via Alipay.
“That’s why Alipay’s ability to control is so strong – [Alibaba] has direct shares or is directly holding these companies,” explains Pengbo. “In reality, it means they can also control this data.” Payments are a “low level entry point,” he says, through which services can be added and data on transactions and consumer behavior can be extracted.
In Dianping’s mobile app, WeChat Pay is featured as a payment option, but not Alipay.
But WeChat Pay was playing the same game. Dianping, Meituan, and Didi – all portfolio companies of Tencent – are permanent fixtures in the social messaging app, linked to the mobile wallet section. In addition, in Dianping’s own mobile app, WeChat Pay is featured as a payment option, but not Alipay. Ant Financial declined to comment.
“The main reason is because Alipay has Koubei,” a spokesperson from Meituan-Dianping tells Tech in Asia, referring to Alipay’s in-app portal for local services. “Koubei is a competitor of Dianping.”
Last year, Alibaba shed its stake in Meituan-Dianping, but poured US$1.25 billion into food delivery app Ele.me. It seems to have paid off – the app features Alipay first as a payment option.
The takeaway is that Tencent and Alibaba might be willing to invest in the same companies, but they want control over payments – and the data generated from them.

Photo montage: Tech in Asia.
Today, both Alipay and WeChat have a myriad online services embedded in their apps: ride-hailing (Didi is also available inside Alipay), utility payments, phone top-up services, movie and train ticket buying, and more. They’ve become ecosystems, extending beyond their respective core businesses in ecommerce, gaming, and social, into other online services – with their payment solution as the underlying foundation.
WeChat occupies 35 percent of time spent on mobile phones in China.
However, it’s worth emphasizing WeChat’s social advantage over Alipay. According to a report published in March by WeChat consulting and research firm China Channel, WeChat occupies 35 percent of time spent on mobile phones in China. It’s a stickier experience than what Alipay offers, which makes its O2O service offering more compelling. In a survey conducted last year by consulting firm McKinsey, the number of WeChat users who shopped through the messaging app was 31 percent – double the figure from 2015.
“Alipay doesn’t have the social component. They don’t have the peer-to-peer component,” Zennon Kapron, director of Kapronasia, an Asia-focused financial industry research and consulting firm, tells Tech in Asia. “That’s really an area that Tencent has a leg-up on Alipay. I think that’s going to become increasingly important.”
As with red packets, Alipay had to play catch up. In 2015, it added a “Friends” component to its app, which let users send each other messages. Last November, it then added a feature called “Circles,” an Instagram-like feature that enabled users to share photos and messages in groups. However, it quicklycame under controversy, as users discovered that only women were allowed to post images in certain Circles, but that any user could leave tips. Lewd photos began circulating. Afterward, Alipay publicly promised to crack down on unsavory content and continue testing its Circles feature.

Step three: expand offline

WeChat Pay, mobile payments, cashless payments
Paying for food with a messaging app. Photo credit: McDonalds.
The latest and ongoing battleground for WeChat Pay and Alipay is offline: brick-and-mortar shops, restaurants, and offline services. Unlike O2O services or companies that have a brand account inside WeChat, these businesses fall outside the app’s ecosystem.
“There’re still hundreds of thousands of merchants that are in the hinterlands of China,” says Zennon. “They could still help [them] get online and be financially included.”
Last year, both Ant Financial and Tencent unveiled generous subsidy programs – dubbed “spring rain plan” and “meteor plan,” respectively – to incentivize third-party developers and service providers to help physical shops adopt WeChat Pay and Alipay. WeChat launched its plan last April, dedicatingUS$14.5 million in subsidies. Alipay’s “spring rain plan” announcement followed close behind in August 2016, promising US$150 million over three years.
There’re still hundreds of thousands of merchants that are in the hinterlands of China.
At brick-and-mortar retailers, it’s not uncommon to see both payments options, either via QR code or using a POS scanner, such as those supplied byLakala.
In January, WeChat launched mini programs, embedded apps that arespecifically designed for offline and low frequency services. For instance, there’s a bus schedule mini program that tells users when the next nearby bus arrives. According to Tencent, it has seen more than 160,000 users since launching two months ago.

Left to right: 1) video streaming site iQiyi’s mini program lets you watch TV shows. 2) find nearby bus stops and when the next ride is.
Mini programs could be a way for WeChat to tie more businesses into its ever-expanding ecosystem – which WeChat Pay could easily piggyback off of. Alipay is also developing its own mini program equivalent, according to a spokesperson at Ant Financial. However, the exact details of what the app’s mini program feature will look like and how users will experience it have not yet been disclosed.

Victory uncertain

To be sure, Alipay is still the leader in China’s mobile payments market. It currently has 450 million monthly active users, according to the company. During Singles’ Day last year, China’s largest shopping holiday, Alipay saw a record of 1 billion transactions in one day.
In addition, Ant Financial offers a robust array of financial services on Alipay, such as Yu’e Bao, its money market fund. According to a report jointly produced by Kapronasia and non-profit Better Than Cash Alliance, Yu’e bao has grown from having “US$29 million in assets under management in 2013 to more than US$117 billion, serving more than 152 million customers three years later.”
It also has its own credit system called Sesame Credit, which incorporates users’ purchasing and spending habits into calculating credit scores.
“Alibaba is an entire ecosystem […] You can’t underestimate them,” says Pengbo, referring to the Chinese tech firm’s experience in servicing shops and businesses, such as those on ecommerce sites Taobao and Tmall. Alibaba also has its own cloud computing arm, Alibaba Cloud, which offers a variety of cloud services to both domestic and international clients.
“If Jack Ma wants to do something, it will probably be deployed in five to 10 years,” he says, emphasizing the billionaire’s focus on playing the long game, not short-term gains.
A vendor in India takes payment via Paytm. A customer can scan the QR code from their phone to initiate the transaction. Photo credit: Paytm founder, Vijay Shekhar Sharma.
Going forward, overseas expansion could become increasingly competitive for the two mobile payments systems. Both Tencent and Alibaba are investing heavily in international startups, especially those in neighboring countries in Asia.
Yesterday, Ant Financial announced its merge with HelloPay Group, which provides the payment solution for Lazada, Southeast Asia’s largest online shopping and selling marketplace. Last year, Alibaba purchased a US$1 billion controlling stake in the Southeast Asian ecommerce company.
Ant Financial also has stakes in Paytm, an Indian payments company, andMynt, a financial services startup in the Philippines. Just a few days ago, Ant Financial also increased its bid for Moneygram, a US-based money transfer firm, to US$1.2 billion.
Tencent’s forays abroad have been no less aggressive, though less payments-focused. Earlier this month, the Chinese tech firm joined eBay and Microsoft in a US$1.4 billion investment round into Indian ecommerce company Flipkart. It’s also the lead investor in Practo, an Indian healthcare startup.
The Chinese tech firm is also active in Thailand, where it has a joint venture with Thailand’s largest e-book provider Ookbee. Earlier this year, the company also rebranded its wholly owned subsidiary, online web portal Sanook, into Tencent Thailand.
As China’s mobile payment market continues to saturate, these nearby markets could offer new opportunities for WeChat Pay and Alipay, especially as online services in ecommerce, fintech, and digital media start to mature. For both companies, it’s another chance to be first.

Website: https://www.techinasia.com/wechat-pay-vs-alipay


WeChat Pay Process

What is Wechat Pay?

WeChat Pay is a digital wallet service incorporated into WeChat, which allows users to perform mobile payments and send money between contacts. Every WeChat user has their own WeChat Payment account. Users can acquire a balance by linking their WeChat account to their debit card, or by receiving money from other users. Users who link their credit card can only make payments to vendors, and cannot use this to top up WeChat balance. WeChat Pay can be used for digital payments, as well as payments from participating vendors. As of March 2016, WeChat Pay had over 300 million users. In China, users who have provided bank account information may use the app to pay bills, order goods and services, transfer money to other users, and pay in stores if the stores have WeChat payment option. Vetted third parties, known as "official accounts", offer these services by developing lightweight "apps within the app". Users can link their Chinese bank accounts, as well as Visa, MasterCard and JCB. [source: Wikipedia]

What is Wechat?

WeChat is a Chinese multi-purpose messaging and social media app developed by Tencent. It was first released in 2011, and by 2018 it was one of the world's largest standalone mobile apps by monthly active users, with over 1 billion monthly active users (902 million daily active users). It has been called China's "App For Everything" and a "Super App" because of its wide range of functions and platforms. In addition to China, it is also the most popular messaging app in Bhutan.

Is Wechat Pay safe?

WeChat Pay has invested tremendous resources to build and maintain a state-of-the-art fraud control and security system. Every stage of your transaction
is secured in real time.

1. Protected with Top-level PCI-DSS security
WeChat has been certified to comply with the Payment Card Industry Data Security Standard (PCI-DSS), giving our users peace of mind.

2. Account Protection
With real-time monitoring of transactions and accounts, your personal data and account profile are securely encrypted when you use WeChat Pay for payments.

3. Real-Time Security Monitoring
Our security system is designed to analyze suspicious behaviors and aims to block such transactions in real time. Once a potentially risky transaction is discovered, account protection will automatically be activated to secure your account against further threats.
(source: Wechat Pay)



How To Add A Bank Card?

1. Open Wechat, go to "Me" section, tap "Wallet"
2. Once you're in the main menu of your Wallet, tap "Bank Cards"
3. In the Bank Cards menu, tap "Add a Bank Card"
4. Enter your card info and email, after that, tap "Next"
5. Setup your payment PIN, confirm your PIN and then tap "Done"
6. Once you're in the bank authentication page, enter the OTP that your bank sent to you and tap "Ok"
7. Your bank card is now linked with your Wallet!

NOTE: To withdraw the balance from your Wallet to your bank account and also unleash it's full potential, you have to verify your personal identity by going to settings (three dots), select "Payment Management", and then tap "Identity Verification", enter your payment PIN, and then fill in the details as required and after that request for verification code using your phone number and Wechat will notify you when your identity is verified.

How To Enable Quick Pay?

1. Tap "Quick Pay"
2. Tap "Enable Now"
3. Enter your payment PIN
4. You can either tick "Agree to Quick Pay without PIN verification" (read the instruction carefully if you wish to) or leave it unticked and straight tap "Ok"

How To Make Payments?


What if the Wallet doesn't appear?

Try log out and re-login again.

Source from : https://forum.lowyat.net/topic/4548497/all


WeChat Official Account

Malaysia WeChat Official Account
WeChat Official Account, also known as Public Account (微信公众号), has become a powerful social media marketing channel that businesses use to reach their target audience.
What is WeChat Official Account?
WeChat is an instant messaging and social networking app by Tencent.

WeChat Official Account is a special kind of WeChat accounts which individuals and businesses can set up and push updates to the WeChat users that follow them.

How does WeChat Official Account work?
It works similarly with Facebook Page, only that the pushed content is within the WeChat mobile app and in a conversational way.

Taking the WeChat Official Account of Evernote as an example:
WeChat of Evernote

Determine the Types of WeChat Account
Before registering a WeChat account, you need to know which type of WeChat account you need.
WeChat Account Types


Malaysia WeChat Pay 微信支付

WeChat Pay Application

WeChat Pay Registration

WeChat Pay Wallet
- See more at: https://www.operion.com.my/wechat-pay-malaysia.html#sthash.LRWAGG1Z.dpuf


Ecommerce Trends That Will Dominate in 2018

2017 has been a great year for e-commerce, as many fresh and impressive additions were introduced to online businesses. And as 2018 approaches, the technology advancements are proceeding to greater levels. The seven amazing e-commerce trends that are just around the corner that will dominate the sector, in the oncoming year, are as follows.

1. Big Data and Analytics are Sharper than Ever:

Big data and analytics have transformed all industries, to squeeze the best out of their endeavors. Accordingly, almost every action of the users can be turned into some kind of data, today; and those data will assist ecommerce sites to know more about their target base.

Both the entities are all set to assess customers’ demand; disseminate highly personalized customer experience; and also to optimize pricing structures, in the future. The voluminous data, pave a definitive path towards implementing varied digital marketing cultures, relevant to their intentions.

Therefore, online marketers get to know, where and when to deploy personalized marketing, segment marketing, native marketing, etc. And eventually, it also boosts the anticipative outcomes of the marketing endeavors.

2. Mobile Usage will contribute a lot more to the E-commerce:

With the advent of advanced technologies, almost every person owns a smartphone or tablet. People predominantly initiate online researches, related to shopping and even make purchases through these gadgets, rather than from desktops/laptops.

As evidence, more than 50% of the ecommerce sales are now found to be made via mobile platforms; and it is expected to continually grow up in the oncoming years, which will have a significant impact on the online businesses.

The upsurge in the mobile market is going to be the trendiest vogue in 2018. According to Goldman Sachs, the global revenue share, the mobile ecommerce would hold, will be approximately $626 billion roughly.

3. Supply Chain Management is more Cognitive:

Supply chain management plays a significant role in the ecommerce industry, which is also extensively delicate to handle. The sector is going through vast improvements, eventually posing the next big entity in the ecommerce trends.

There are basically three key factors that complement these perpetual refinements:
Automation – It’s all about automation, as far as supply chain management is concerned. Automation and process consolidation helps businesses to propagate a clear and unhindered transition of product/information flow.

Data sharing – The data, such as availability of stock details, shipping information, customer details are made relevantly available at all the stages of the supply chain.

Customer-Centricity – It’s critical to know your customers’ aim, preferences, and tendency. Efficient supply chain management relies on all these to improve your operational efficiency.

4. Micro-Moments Marketing is already taking over:

When customers research about a product or look for instructions, there are certain most inclinable touch points, which are called “micro-moments”. Devised by Think with Google, the micro-moments are one of the hottest ecommerce trends that are going to rule in 2018.

Their raging need for immediate gratification and the always-on access to information through smartphones, fuels this behavior. Hence, moments, such as I want to do; I want to buy; I want to go; I want to know; etc. can be traced, through their smartphones.

In order to fulfill customer needs, ecommerce retailers reflexively take relevant actions based on their micro-moments. This helps to accurately anticipate customers’ actions and tendencies. Major brands are already catering their offers, leveraging these moments.

Thanks to the massive growth of the smartphone technologies!

5. Consumers Research through Voice Assistants:

Voice assistants have gone through an enormous growth in terms of popularity and desirability, in the recent times. Of course, people are ardently involved in using voice-activated digital assistants, like Apple Siri, Amazon Alexa, Google Assistant, etc. in their day-to-day lives.

Consumers Research through Voice Assistants

Pertinently, they also put them into action just by speaking, to accomplish various purchase-oriented tasks. Permissive to it, customer research about the products they like to buy; make payments; and even check balance, using the voice assistants.

A recent analysis deduced that about 40% of millennials are already bumping into a voice-assisted research, whenever they want to shop something. Thus, it is substantiated to be a compelling factor that will influence the ecommerce sectors.

Therefore, the keyboard/mouse will slowly phase out, while the voice purchases are making its way to a greater prominence.

6. Messenger Apps and Chatbots Augments Businesses:

The global chatbot market has attained a whopping 24.3% of CAGR (Compound Annual Growth Rate); over 45% of end users consider chatbots as the primary choice, for customer service inquiries. Yes, we’re in the era of messengers and chatbots!

Messenger Apps and Chatbots

Chatbots provide ecommerce businesses, the advantage of straightaway interfacing with the whole lot of customers, instantly and naturally. Further, online retailers can also use chatbots to:

1) Propel customers personalized marketing contents.
2) Suggest ideal purchase options and special coupons or deals, to prospects.
3) Acquire valuable insights, directly from the customers.
4) Native advertising is heightened tips with chatbots.

Moreover, their compatibility with messenger apps, offer refreshment, against app fatigue. Hence, it’s evident that the chatbots, pinned-in with messenger apps will play a massive role in ecommerce, by 2018.

7. Better UX/UI for Intensified Ecommerce Utility:

The success of an ecommerce business obviously depends on, how well the products/services are showcased; and how easy it’s to the customers to comprehend them. The two factors can be addressed by User Interface (UI) and User Experience design aspects.

UX-UI for Intensified Ecommerce Utility

The UI/UX design has been improved a lot so far, we can expect to run through new updates with composite enhancements. This will greatly cut down the visual annoyance, inscribing responsive layouts. Owing to it, we’ll have to:

1) Heighten mobile-responsive design, as mobile devices are becoming the primary source for product research and purchase.
2) Exhibit a clutter-free and SEO-friendly user interface with pertinent videos, animations, sidebars, and real-time photographs, to grab the customers’ attention.
3)Provide navigation links to compare products with the competitors’, to enunciate competence.

Bottom Line:

E-commerce trends are continually gearing up for better customer acquisition and retention, over the years. Not coping up with these trends, will eventually result in a serious setback. Hence, online businesses must update, reflecting the new market trends; and also come up with new innovative ideas to stay competitive. So pay attention to all the mentioned trends and stay a step ahead in the online business world.

SOURCE: https://thenextscoop.com/ecommerce-trends-2018/


Top 6 Business Trends Of 2017

Looking ahead into 2017, it’s important to not only be on top of new trends in the business world, but to incorporate them. Adopting trends is important for small business owners and entrepreneurs to be able to compete with big companies. You’re at an advantage because you can change your practices quicker than a large organization. Here’s what you can expect of small business trends in 2017:

1. Experts will be driving sales, not order-takers or salespeople


With widespread Internet access, consumers are now seeking out experts’ opinions before making a purchase. Gone are the days of trusting in-store salespeople to provide details on product performance or longevity.
Consumers are looking for experts who can provide information based on their personal experience and their professional opinion without being pushy to make the sale. Experts allow for greater customer experiences, providing deeper connections on relevant topics, increased trust and a superior identification of needs.

2. Crowdfunding over venture capital


This isn’t just for crazy ideas and millennials. Crowdfunding for startups is beginning to take off in the business world as companies begin to recognize its value. Not only are you raising money, the people who support you are validating your ideas and products before you put money into them.
Opening up about the products or services you want to offer can also lead to traction in your community, opening up a line of two-way communication between you and customers, and engaging them to provide feedback. If you’re looking to get started, or just curious, check out Kickstarter and Indiegogo for inspiration.

3. Customer interest will be harder to capture


This is the age of information overload. With the entire Internet in the palms of our hands and constant emails flooding in, more commonplace marketing techniques are becoming obsolete. This means traditional email marketing blasts to all your subscribers just won’t generate as much interest as they have in the past.
Try to personalize their experiences. Look to social media to open up a dialogue with consumers and share more interesting content like videos, which are proven to hold attention longer than other media. Listening to someone speak about the risks and challenges they may face with your product also seems a lot more friendly and unique than a generalized FAQ post.

4. Personalization is the new mass market


If you’re going to the doctor, you want a diagnosis that is right for all of the symptoms you have, not based on what the majority has, right? Think of your marketing and sales efforts in the same way. With more messages coming from other sources than ever before, it’s important to capture people’s attention for longer.
For example, Netflix and Amazon’s success is made from personalized offers and suggestions based on your history. Get to know your customers by tracking their shopping habits and create personalized marketing materials based on large segments of people who follow similar trends (i.e. shop on weekends).

5. Brick and mortar stores are losing their lustre


Retail isn’t just becoming crowded – it’s moving. Mall-style browsing is done with a mouse and keyboard, as outlets like Amazon provide such a large variety of products they could never all be offered in one store. You just can’t compete with that scale as a small business. As a result, the stores that stay alive are now highly specialized and provide excellent customer service.
Think about what you do better than everyone else in your community and focus on it so customers think of you as soon as they need that product or service. Plus, make sure you’re online so your customers can find you while Googling what they need. Get online and add your business to 411.ca for free.

6. Recurring revenue


Major companies are going with a new pricing model and it’s likely here to stay. Instead of offering products at a fixed price, these large organizations are offering services for a recurring fee. Monthly Netflix subscriptions have replaced movie rentals and purchases, Apple Music and Spotify have replaced iTunes and CDs, and Amazon Prime is replacing express shipping fees and other types of media. There’s a reason for this.
Recurring revenues with a high renewal rate are more efficient in maintaining customers. This saves costs as it’s way more expensive to bring in new customers than it is to keep existing ones. You can also keep your finger on the pulse of the market. Look at when and why people are signing up or leaving month after month. If possible, look for ways to turn your business into a recurring revenue generating service, like offering unlimited tool rentals in a month for a flat fee. It’ll lead to greater profits in the long run based on current industry trends.
When looking ahead, keep these emerging business trends in mind. If you can, find ways to incorporate them into your business plan. Although they may just be taking off this year, they’re primed to stick around for the foreseeable future.

SOURCE:  http://www.asianentrepreneur.org/7-business-trends-2017/



Tuesday 04/07/2017

Photo from left is Alan, Lukas Tan and Li Shin during The Rainmakers, new joint-venture agreement signing ceremony on 25 June 2017 at 7323, 2nd Floor Jalan Raja Uda, 12300 Butterworth, Penang, Malaysia

KUALA LUMPUR, July 4 (Bernama) -- In this era of advent communication and information technology, Internet business will be the pinnacle for most promising enterprises. Following success of the ‘online revolution’ started together by major e-commerce players in Malaysia Lazada, Zalora, Foodpanda and recently Alibaba, local IT, web design and marketing companies, Operion E-Commerce & Software Sdn Bhd, Veecotech Enterprise and OneStudio Graphics respectively have come together to provide the much needed online business solution and support in IT, web design and marketing to local SMEs in the country.

With twenty two years of combined experience in IT, design and web marketing these companies have realized and deeply understand the challenges in capacity and intricacies such as scalability and legacy issues affecting the SME’s performance in online and digital market. According to Lukas Tan, the owner of Operion E-Commerce & Software, “Online business is not confined to IT, computer, Internet communication, online advertising and sales to merely support existing business but they are ultimately an integral part of almost every successful business globally”. Lukas Tan, has 12 years of experience in IT services, software automation and database system development. While Veecotech, leads by Alan works with a team of dedicated IT engineers providing web design and ecommerce website development services already more than six years and Li Shin specialises in digital branding and video animations in OneStudio Graphics over the last four years.

Hence, these companies have identified the importance of combine effort and recently signed an official agreement to form a new joint-venture company under the name of Rainmakers. Moreover, Rainmakers has successfully helped a couple of business clients solve and enhance their IT and online marketing operations prior to signing of the agreement on 25 June 2017. Rainmakers also has appropriately aim to devote their resources to develop and support other eight potential companies in Penang this year.

To find out more about the companies, please visit




SOURCE : http://mrem.bernama.com/viewsm.php?idm=29503


Email account setup in MacMail OS X Yosemite

This tutorial will show you how to set cPanel email account in MacMail OS X Yosemite.
We will use test email account [email protected] Check this article to find out what server your account is hosted on.

1. Select Preferences in Mail menu:

2. Go to Accounts tab, and click on + icon:

3. Select Add Other Mail Account option:

4. In Add a Mail Account window enter your full name, email address and email account password, then click on Create:

5. Application will try to detect the settings automatically. Disregard the result, click on Next:

6. In the Incoming Mail Server screen select POP or IMAP protocol for Account Type, and enter your account details:

Mail Server: server your account is hosted on
Username: full email address
Password: password for your email account

Click on Next once the details are filled:

7. Mac Mail may require specifying additional settings at this point:

IMAP Path Prefix: leave this field empty
Port: 993 with SSL enabled or 143 without SSL for IMAP protocol
          995 with SSL enabled or 110 without SSL for POP3 protocol
Authentication: set to Password

8. In Outgoing Mail Server window, fill out the details as follows:

SMTP Server: server your account is hosted on
User Name: full email address
Password: password for your email account

9. You might be prompted to configure additional settings on this stage. Details are to be as follows:

Port: 465 with SSL enabled
         25 or 587 with SSL disabled
Authentication: set to Password

10. One last step is to configure Advanced Server Settings. Go to Accounts and select the account in question. Then select Account Information tab and go to Outgoing Mail Server (SMTP) section, click on Edit SMTP Server List option:

Verify that your settings are as follows:

Automatically detect and maintain account settings: should be switched off
Port: 465 with SSL enabled
          25 or 587 with SSL disabled
Authentication: set to Password
Allow insecure authentication: should be switched on
User Name: full email address
Password: password for your email account