On 12 February 2015, People’s Bank of China announced China’s Payment Market Report 2014. The report showed in 2014, the total transaction volume and value of non-cash business were 62.752 billion and RMB1,817.38 trillion (US$294.70 trillion) with YoY growth rate of 25.11% and 13.05% respectively.
Mobile Dating App Momo Revenue Increased Over 13 Times in 2014
Momo, a popular mobile social dating app in China now listed on NASDAQ, announced its unaudited financial results; and, its net revenues increased over 13 times year-on-year to $44.8 million in 2014.
China Mobile Search Trend 2015
The number of indexed mobile websites by Baidu increased by 105% as of the end of 2014 according to Baidu. Baidu mbile search revenue surpassed that of desktop computers in Dec 2014.
Over 60% Purchased on Mobile During Chinese New Year 2015
One week’s Chinese New Year 2015 holiday just ended on 24 February. During this period, over 60% purchased on mobile device. And, the most popular product category is mothercare according to Tmall. Major home appliance sales value grew by over 265% during this period; Tmall Superstore jumped 42 times. Shanghai, Hangzhou and Beijing were the […]
China’s Top 10 B2C Websites on Weibo in 2014
According to Weibo’s daily influence index, Tmall, OKHQB, and Dangdang performed best on Weibo among 1,613 active Weibo accounts in B2C e-commerce category in 2014. 92% of those active e-commerce Weibo accounts are vertical websites, the most of which is clothing and accessory category. Ranked by daily influence index by Weibo, OKHQB.com is an e-commerce website […]
Chinese Globe Shoppers: Almost 1/3 of All Tax Free Shopping Spend
Shoppers from China spent 18% more on Tax Free Shopping in 2014 compared to 2013 according to Global Blue.
Xiaomi Beat Samsung As Top Smartphone Vendor in 2014
Xiaomi was the top smartphone vendor in China by shipments volume in both Q4 2014 and 2014 according to IDC.
WeChat, Weibo or Alipay? Who Won Hongbao War in 2015?
Total hongbao volume on Chinese New Year eve exceeded one billion on WeChat compared with 240 million on Alipay. The volume during the same period on Weiob was 101 million who started Hongbao campaign on 2 Feb 2015.
China Online Travel Market 2014-2017
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.