In Q3 2014, total transaction value of China online advertising market was RMB42.22 billion ($6.87 billion) with increase of 37.9% year on year and 10.6% quarter on quarter. Influenced by overall economy status in China, the growth of China online advertising market slowed in Q3 according to data from iResearch.
China Mobile Games and Ent Group Revenue More Than Tripled YoY in Q3 2014
China Mobile Games and Entertainment Group (“CMGE”) reported revenue of RMB357.6 million (US$58.3 million), compared with RMB98.1 million in Q3 2013 andRMB274.6 million in Q2 2014. Revenues were 264.5% higher year-over-year and 30.2% higher quarter-over-quarter.
eLong Revenue Doubled, 100M Mobile App Downloads in Q3 2014
eLong revenue by product for Q3 2014 was 323.5 million yuan, an increase of 100% QoQ and 2% YoY according to its unaudited financial results. Hotel room nights stayed in the third quarter increased 22% to 9.4 million room nights compared to 7.7 million in the prior year period. Hotel commission revenue for the third quarter […]
Why Brands in China Should Continue Recruiting Shoppers
China retail market has been growing rapidly attributes to the booming economy and the increasing demand for consumption goods. China’s FMCG market is evolving quickly; the overall market continues to decelerate across all sectors and all city tiers; channel dynamics changed substantially with more challenges in offline channels facing the growing popularity of online shopping in […]
Suning Launched US Online Flagship Store Targeting Cross Border Shoppers
Suning, one of the largest retailers in China, launched its U.S. e-commerce website targeting Chinese cross-border shoppers looking to buy American products.
GOME Records RMB 1.018B Net Profit For First Three Quarters of 2014
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.