GOME sales revenue in the first three quarters of 2014 was RMB44.645 billion, up 7.2% year-on-year and the sales growth of its comparable stores was up 6.0%.
JD.com Active Customer Accounts and GMV Both Doubled in Q3 2014
Jingdong’s (JD.com) GMV for the third quarter of 2014 was RMB67.3 billion (US$11.0 billion), an increase of 111% compared with the third quarter of 2013. Its net revenues for the third quarter of 2014 were RMB29.0 billion (US$4.7 billion), an increase of 61% YoY.
Interbrand: Best China Brands Report 2014
Interbrand, a brand consultancy company, released its 2014 Best China Brands report last week. Tencent claims the #1 position with China Mobile dropping to #2.
Apple Adds UnionPay Payment for App Store Customers in China
Apple today announced that the App Store has added UnionPay as a payment option for customers in China. China UnionPay is the most popular payment card in China and will provide App Store customers with a simple and more convenient way to purchase their favorite apps. Customers can easily link their Apple ID with a […]
Weibo Had 167M Monthly Active Users in Q3 2014
Sina Weibo monthly active users (“MAUs”) were 167 million as of September 30, 2014, an increase of 36% year over year according to its official released financial results. Weibo daily active users were 76.6 million, an increase of 30% YoY.
Netease Finance Results for Q3 2014
Netease total revenues for the third quarter of 2014 were RMB3,325.9 million (US$541.9 million), compared to RMB2,951.9 million and RMB2,514.3 million for the preceding quarter and the third quarter of 2013, respectively.
Insights of China Mobile Payment (Wechat, Alipay) Users
Mobile payment is growing more and more popular as mobile internet and e-commerce developed, but mobile users needed to be guided and their mobile habits needed to be cultivated. Alipay, the largest mobile payment platform in the world, and Wechat payment are now most popular among China mobile payment users.
Snapshot: Rural China’s E-commerce Market
In Q2 2012, China’s online shopping on Taobao by people in rural areas accounted for 7.11% of total; by Q2 2014, the rate increased to 8.3%. Online shopping is a rising trend in rural China.
Wechat Launched Wechat Contacts App Offering Free Calls
Wechat released a Wechat Contacts app as an enhancement to smartphones’ existing contacts. The most appealing feature is offering users to make free VoIP calls. It also offers auto backup of contacts, Wechat profile photo imports, group SMS and bulk deleting contacts.
Alibaba Double 11 Sales Exceeded $2 Bln in One Hour
As China’s biggest online shopping day, Double 11 is very much expected for by both online retailers and consumers. It started from midnight and the total sales on Tmall exceeded 1 billion yuan in just three minutes.
Introduction to China’s mobile social app Momo
Momo, one of China’s top mobile social IM app, applied to list their American depositary shares on the NASDAQ Global Market under the symbol “MOMO.” According to Analysys International, Weixin, Mobile QQ and Momo ranked as the top three mobile social IM applications in China in terms of average MAUs, average DAUs and daily average length of […]
E-commerce to Account for 18% of China’s Total Retail Sales in 2018
Morgan Stanley estimates online spending per user in China is going to reach US$1,880 by 2018, from US$1,040 in 2013. And, China’s e-commerce industry will account for 18% of the total retail sales in 2018, up from 8% in 2013.
WSJ: Xiaomi 2013 Net Profit Nearly Doubled to RMB 3.46 Billion
Xiaomi’s net profit nearly doubled last year according to a confidential document viewed by The Wall Street Journal.
Review of Sales Value on Double 11: 2009-2013
In 2009, the sales value on double 11 was RMB50 million ($8.17 million) and in 2013, the number was RMB35 billion ($5.72 billion). Double 11 has been affecting e-commerce industry since its born. Here are the numbers on double 11 from 2009 to 2013, which witness its growth in 5 years.
Vitacost Provides Direct Delivery Service to China with SF Express
Vitacost has started providing direct delivery service to Chinese cross border shoppers with China’s largest logistic company SF Express.