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.
The Top 100 Richest Men in China in 2014
Jack Ma of Alibaba, becomes the number one in Hurun Rich List 2014, with a fortune of US$25 billion, surpassing Wang Jianlin of Wanda in second place with US$24.2 billion.
Baidu Launched Online Education Platform Chuanke
Baidu launched an online education platform Chuanke.com for organizations and individuals to offer courses online.
Top 100 Mobile Apps in China
Wechat was the most popular mobile app in China in September 2014 with 377.92 million monthly active users, followed by QQ (308.742 million) and Baidu (145.047 million) according to data from EnfoDesk.
Alipay’s Mobile Strategy with 190M Active Users
Till 16 October in China, total number of Alipay Wallet’s active users exceeded 190 million and the daily mobile payment transaction volume exceeded 45 million, accounting for more than 50% of total Alipay transactions.
China Online Retail Sales Exceeded 1.8 Trillion Yuan, 9.64% of Total Retail from Jan to Sep 2014
The total retail sales of consumer goods reached 2,304.2 billion yuan (US$376.4 billion) in China in September 2014, up by 11.6% year-on-year (nominal growth rate. The real growth rate was 10.8%).
China GPD 7.3% in Q3 2014, Slowest in 5 Years
According to National Bureau of Statistics of China, the gross domestic product (GDP) of China in the first three quarters of 2014 was RMB 41,990.8 billion (USD 6,858.5 billion), a year-on-year increase of 7.4%.
China Mobile Customers Reached 799Mln in Q3 2014
China Mobile continued to experience a decline in its voice and SMS and MMS businesses, with a 0.3% decrease in the total voice usage and a 20.2% decrease in the SMS usage compared to the same period of last year. However, China Mobile substantially leveraged its first-mover advantages in 4G services and accelerated the migration […]
CHART: Wechat More Popular than Line and Snapchat in India
21% correspondents surveyed in India by GlobalWebIndex said they used Wechat in the past month, more than Line and Snapchat app.