China online travel market experienced overwhelming development on mobile device in recent years. EnfoDesk believed that 2015 will be a significant year for mobile device to surpass the desktop. At present, online travel providers are implementing O2O strategy and it is estimated that China online travel market will transform from mobile device to O2O and […]
Weibo, iQiyi to Deliver Seemless Social Video Viewing of Spring Festival Gala
Following iQIYI announced an exclusive worldwide broadcast in 2015 CCTV Spring Festival Gala for Year of the Goat, Gong Yu, iQIYI founder and CEO, and Wang Gaofei, Weibo CEO, announced deep collaboration on this event on Weibo. Weibo users can comment and win Hongbao while watching Spring Festival Gala.
Netease Revenues Up 42.5% in Q4 2014
Netease completed 2014 with a 42.5% YoY increase in Q4 revenues, led by a 35.7% increase in online game services, a 22.7% increase in advertising services and a 224.2% increase from Netease expanding e-mail, e-commerce and others business.
Sohu Sogou Revenue Grew by 70% to $119M in Q4 2014
Sohu total revenues were US$477 million, up 24% year-over-year and 11% quarter-over-quarter while Sogou, part of Sohu, revenues were US$119 million, up 70% year-over-year and 12% quarter-over-quarter according to Sohu announced financial results.
Bloomberg: China Ranked 22nd World’s Most Innovative Country
South Korea tops Bloomberg’s 2015 ranking of the world’s 50 most innovative countries ranking. The U.S. places the sixth, and China 22nd.
China Fallen to 4th in Credit Suisse Consumer Confidence Scorecard
China has fallen from top place to fourth in Credit Suisse consumer confidence scorecard, with most barometers slipping closer to mid-range among emerging market countries.
eLong Brand Room Nights Booking 55% on Mobile in Q4 2014
eLong’s hotel room nights stayed in the fourth quarter of 2014 increased 27% to 9.4 million room nights compared to 7.4 million in Q4 2013 according to eLong unaudited financial results.
Australia is the Top Luxury Travel Destination in China
According to Hurun Chinese Luxury Consumer Survey 2015, Chinese luxury travelers on average go on business trip for eight days a month and the super rich are away for 11 days a month. And they also take 8 and 12 days of holiday respectively, one more than last year.
80% Willing to Travel During Chinese New Year Holidays 2015
Nearly 80% of the respondent hope to travel during Chinese New Year holiday in 2015 as shown in Ctrip Spring Festival Travel Intention Report, much higher than the previous year.
China ATM Chip ATM Card to Exceed 1.2 Billion
According to China UnionPay, the quantity of chip bank cards (i.e. financial IC cards) released in China in 2014 was doubled compared with the previous year; the total quantity is expected to exceed 1.2 billion.
China Jan 2015 PMI Down 0.3 Percentage to 49.8%
In January 2015, China’s manufacturing purchasing managers index (PMI) was 49.8%, 0.3 percentage points lower over last month according to National Bureau of Statistics of China.
Over 40% Chinese Who Bought Counterfeit Products Kept Silent
According to a survey conducted by Tencent Tech news, 40.3% of those who encountered counterfeit products purchase in online shopping in China will do no more than never visiting the same online store again. 32.2% complained and got the refund whilst 16 complained but failed to get the refund.
Qunar Partners with 22 of World’s Premium High-end Hotel Groups
Qunar announced its alliance with 22 of the world’s premium high-end hotel groups. The hotel groups, which include Wyndham, Club Med, Banyan Tree, Howard Johnson, and Millennium, will open their global inventories to the Qunar platform.
Tencent to Be NBA’s Exclusive Official Digital Partner
Tencent and NBA today announced a five-year international digital partnership that will be effective on July 1, 2015 according to Tencent’s press release.
Alipay Launched China’s First Credit Agency
Alipay’s Ant Financial Services Group has established China’s first credit agency, called Sesame Credit, to use a system based on online and offline data to generate individual credit scores for consumers and small business owners.