www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Technology

Watchdata wristband swipe pays for subways, buses

By Du Juan (China Daily) Updated: 2016-08-24 07:18

Editor's Note: In this ongoing series on the birth and growth of privately owned Chinese companies that are redefining innovation, China Daily profiles Watchdata Technologies Ltd, a Beijing-based payment security solution provider that is shifting its focus from selling to large State-owned enterprises to consumer markets.

Facing numerous copycats and shrinking markets, Watchdata Technologies Ltd, a Beijing-based payment security solution provider, had no choice but to explore the consumer market.

Established in 1994, the company has focused on payment and trading safety, including chip cards and smart cards for banks, public transportation companies and mobile communication service providers.

"Our clients used to be State-owned enterprises such as China Mobile Ltd and China Construction Bank Corp," said Ye Xin, general manager of the company. "However, the growth of those sectors has not been satisfactory in recent years. Thus, we developed the Watchdata wristband, which is our first product that directly appeals to the consumers."

Watchdata wristband has one key important function lacking in such popular wristbands as the Chinese brand Mi Band and the American brand Jawbone - that is, it can be used to pay for public transportation.

"In addition to recording sports, sleep and health data for users, we added the payment function to the wristband, building on the technology strength of our company," Ye said.

Li Jian, a Beijinger who has used many wristbands, said he can never wear one more than three months. "It seems like a spell that I just cannot keep wearing any wristband longer than that because of laziness or just that it is inconvenient."

However, if Li has to take a subway or bus to go to work, the Watchdata wristband will be like his public transportation card, which he will need everyday.

Nevertheless, the Watchdata wristband faces severe competition from various kinds of smart wristbands and its performance in the market remains to be seen.

Wang Youjun, president of Watchdata, said it's not easy for a private company to be successful or even survive in the current market.

"Our big clients such as China Mobile and some banks have reduced their orders for sim cards and chip cards. They became more cautious about market expansion or product promotion," he said.

According to Wang, the company's orders for sim cards declined by 20 percent last year and orders from the banks were falling too.

"Given such a background, we have to adjust our strategy by expanding our market from B2B (business-to-business) to B2C (business-to-consumer), trying to earn more cash for the company," he said.

At the same time, keeping up innovation is the key, Wang said. "You can never stop the imitators from learning from your products. We have to keep developing new things."

Up to 8 percent of the company's annual investment goes to research and development, which is around 130 million yuan ($20 million) to 140 million yuan.

Half of the employees in the company are technicians and engineers.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 性欧美video另类bd | 特黄的欧美毛片 | 91pao强力打造免费高清 | 日韩色综合 | 日韩不卡一区二区三区 | 黄色一级毛片 | 91小视频在线观看免费版高清 | 国产乱子伦露脸对白在线小说 | 国产成人禁片免费观看 | 亚洲一级毛片免观看 | 中文在线免费视频 | 伊人久久在线视频 | 亚洲第一在线播放 | 美女被男人cao的爽视频黄 | 成年人免费软件 | 欧美一级片观看 | 国产精品夫妇久久 | 久久久久久免费播放一级毛片 | 91精品成人免费国产片 | 99久久精品费精品国产一区二区 | 久草在线色站 | 成人午夜在线观看国产 | a级男女性高爱潮高清试 | www看片| 深爱五月开心网亚洲综合 | 欧美综合一区二区三区 | 国产欧美一区二区三区免费看 | 一级做a爰在线就看 | 私人玩物福利视频 | 99国产精品视频久久久久 | 亚洲精品推荐 | 亚洲超大尺度激情啪啪人体 | 欧美成人看片一区二区三区尤物 | 一区二区三区免费观看 | 日韩在线一区二区三区免费视频 | 欧美成人香蕉网在线观看 | 美国人成毛片在线播放 | xxxxaaa欧美另类 | 亚洲欧美另类日本久久影院 | 精品国产香蕉伊思人在线 | 欧美一级特黄aa大片 |