An In-Depth Look at the Virtual Currency Phenomenon in China.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c54995) has announced the addition of "Virtual Currencies in China: Q Coins, Gold Farms, and Real Money Trades" to their offering. In China's online world, weak payment systems remain perhaps the greatest obstacle to overall sector growth. With a banking system slow to reform, heavy restrictions on PayPal-like online payment platforms and little credit card usage among China's online population, virtual currencies have quickly found a niche. These currencies cover a wide range of uses, from Q Coins, the standard payment for countless virtual goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. on Tencent's QQ.com, to the gold and credits in the virtual economies of China's popular online gaming See gaming. sector. Virtual Currencies in China is the first in-depth look at the virtual currency phenomenon in China. In it we provide a comprehensive overview of all key companies and currencies. We examine a number of recent reports - virtual currencies threatening China's official currency, "gold farms" producing and selling virtual gold for real cash, virtual money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. , and rumors of major government restrictions in the near future - and separate fact from fiction. Looking ahead, we forecast the potential for growth in virtual currencies and which companies (and currencies) will come out on top. Key Players Covered: Virtual Currencies in China covers the following key companies and interest groups in China: * Instant messaging Exchanging text messages in real time between two or more people logged into a particular instant messaging (IM) service. Instant messaging is more interactive than e-mail because messages are sent immediately, whereas e-mail messages can be queued up in a mail server for seconds or and portal-based virtual currency issuers: Tencent (Q Coins), Sina (U Coins), NetEase (POPO Gold Coins Gold coins Coin minted in gold, such as the American Eagle or the Canadian Maple Leaf. ), and Baidu (Baidu Coins) * Online game-based virtual currency issuers: Blizzard blizzard, winter storm characterized by high winds, low temperatures, and driving snow; according to the official definition given in 1958 by the U.S. Weather Bureau, the winds must exceed 35 mi (56 km) per hr and the temperature 20°F; (−7°C;) or lower. Entertainment/The9 (World of Warcraft “WoW” redirects here. For other uses, see Wow.  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. ), NetEase (Fantasy Westward
Journey Fantasy Westward Journey (Simplified Chinese: 梦幻西游; Traditional Chinese: 夢幻西遊; Pinyin: ), Shanda (Woool, Legend of Mir II), and others
* Virtual currency users: QQ users, online gamers, gold farmers, and virtual currency traders * Virtual currency exchange sites: Taobao, 5173.com, IGE IgE abbr. immunoglobulin E Immunoglobulin E (IgE) A type of protein in blood plasma that acts as an antibody to activate allergic reactions. , eBay China, and others * Virtual currency regulators: China Banking Regulatory Commission, Ministries of Culture and Commerce, and others In-depth Analysis and Key Questions Answered Below are some of the key questions answered in this report: * How strong is user demand for virtual currencies in China? * How will virtual currencies influence China's economy? * How well can virtual currencies compete with other online payment systems in China? * How will today's virtual currencies in China fare in the long run? * How will China's government regulate virtual currencies? * To what extent will virtual currencies become conduits for illegal activities in China? * What role will China's virtual currencies play globally? Areas covered: * Virtual Currencies and Their Issuers in China * Virtual Currency Users in China * Virtual Currency Trade in China * A Look Ahead: The Future of Virtual Currencies in China * Glossary of terms * List of relevant companies and organizations For more information visit http://www.researchandmarkets.com/reports/c54995 |
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