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.
China Smart TV Apps Market in H1 2014
A smart TV device is either a television set with integrated Internet capabilities or a set-top box (STB) for television that offers more advanced computing ability and connectivity than a contemporary basic television set. Video is the main function for smart TV users. At present, game apps development are not so active as video ones.
Sohu’s Sogou Search Mobile Traffic Up 20% in Q3 2014
Sogou, Sohu’s search arm, made progress in both search and input method in the third quarter of 2014. In search, aggressive marketing initiatives helped enhance the brand recognition of Sogou. Sogou mobile search traffic grew by nearly 20% quarter-over-quarter.
Stats of Top Selling Brands on Taobao/Tmall in 18 Categories
As top the brand in men’s clothes category on Taobao/ Tmall, afs Jeep had an increased revenue of RMB23 million ($3.7 million) followed by Markfairwhale who had increased by over RMB10 million ($1.62 million) in sales value compared with August according to data of Taobao Mofang.
Sohu Revenue Up 17% to $430M in Q3 2014
Sohu’s total revenues for the third quarter of 2014 were US$430 million, up 17% YoY and 8% QoQ.
China’s PMI in Oct 2014 Hits Five-month Low
In October 2014, China’s manufacturing purchasing managers index (PMI) was 50.8%, 0.3 percentage points lower over last month according to National Bureau of Statistics China.
Half of Top 10 on Forbes China Rich List 2014 are Internet Entrepreneurs
Half of the top 10 richest men in China on Forbes Rich List 2014 are internet entrepreneurs, on top of which is Alibaba’s co-founder and chairman Jack Ma.
Alibaba Bringing South Korea Suppliers to Chinese Sellers
1688.com, the largest online B2B website under Alibaba Group and sourcing destinations of many Taobao sellers, is opening up to foreign suppliers with the addition of twenty four South Korean brands through Alibaba’s Direct From Overseas Markets program.
China to Produce the 3rd Largest Number of Visitors to the U.S.
China international travelers to the United States will grow 172% from 2013 to 2019, the largest total growth percentage according to the U.S. Department of Commerce.
Family Businesses in China Seen Stronger Growth Than Global Avg
Family businesses in China have seen much stronger growth than the global average over the past year and are very bullish about future growth, according to PwC’s Family Businesses Survey.
Baidu’s Baifa 100 Index Fund Based on Large Data Selling Fast
Baidu 100 Index Fund were sold out, RMB 1.8 billion in less than one and half days. The second phase sale of RMB 1.2 billion starts on 27 October on official website of Baidu Financial Center.