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.
China Online Mother & Baby Product Market Close to RMB 300 Bln in 2018
China mother and baby products market reached 1.43 trillion yuan ($230 billion) and expected to exceed 2 trillion yuan ($320 billion) in 2015, 6.8% of total consumer retail market in China.
20 Charts on China Mobile / WeChat Shopping Market
China mobile shopping users exceeded 300 million with a total transaction of almost 10 trillion yuan in 2014, an increase of 270% according to Enfodesk.
Alibaba’s New App Offers 6 Million Free Hotspots in China
Alibaba announced the launch of Ali’s new communication app, “Tao WiFi”. Users logging in with Taobao can access access over 6 million WiFi hotspots nationwide including the three telco networks’.
China Total Retail Sales of Consumer Goods Exceed $4 Trillion in 2014
In December 2014, the total retail sales of China consumer goods reached 2,580.1 billion yuan ($414 billion), up by 11.9% year-on-year according to National Bureau of Statistics of China.
China Mobile Internet Usage in 2014
The growth of 4G users in China outpaced 3G users in 2014 with 97.284 million new subscribers comparing to 83.644 million 3G new subscribers according to Ministry of Industry and Information Technology of China.
Six of Top 10 Smartphone Brands Worldwide in 2014 from China
Global smartphone shipments totaled 1.167 billion units in 2014, a YoY increase of 25.9%, with combined shipments of Chinese brands reaching 453.4 million units, 39% of the global shipments and representing six of the top ten smartphone brands worldwide according to TrendForce.
China Economy Statistics for 2014
According to National Bureau of Statistics of China, GDP of China was 63,646.3 billion yuan (USD 10,239.9 billion) in 2014, an increase of 7.4% at comparable prices.