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.
Costco Wholesale Launched Tmall Global Online Store
Costco Wholesale, the American membership-only warehouse club that provides a wide selection of merchandise, launched Tmall flagship store on Tmall Global reaching Chinese consumers directly with competitively priced food and healthcare products ranging from clothing to groceries to laundry detergent to health and beauty aids.
Habits of 2.7M High Net Worth Individuals in China
There are about 2.7 million HNWIs (High Net Worth Individuals) in China each of whose assets totals over $0.95 million. And, the number of ultra high net worth individuals (UHNWIs), each with personal assets worth over $15.8 million, reached 63,500.
Alibaba Invested in China Hotel IT Provider for Taobao Travel
Taobao has agreed to invest RMB2.81 billion in Beijing Shiji Information Technology Co. Ltd (Shiji Information) who is listed on Shenzhen Stock Exchange (code: 002153), a China-based hotel information technology provider, in return for a 15% stake according to Alibaba Group press release.
Business Car Renting Services’ Potential in China
In a survey conducted by Tencent, 17% respondents said it’s convenient for their daily transport with taxi service mobile apps while 45% had no idea about what such mobile app is. Since 26% respondents thought it still needs to improve and many Chinese mobile users are not aware of taxi service mobile app, there is […]
HSBC PMI China Signaled Slightly Weaker Growth in Service Sector in September
Purchasing managers index (PMI) data, released by HSBC covering both manufacturing and services, signalled a further expansion of Chinese business activity in September 2014.
China Mobile App Distribution Channels Market Share
In Q2 2014, the number of China app distribution exceeded 25.5 billion with an increase of 8.9% from prior quarter. Baidu league still ranked the top with a market share of 41.7%. Tencent’s market share increased to 20.1%, by 3.5% from Q1 2014.
British Scholar Criticized Western Media on Weibo
John Ross, former economic advisor to Ken Livingstone when he was Mayor of London, criticized western media coverage of Hong Kong’s too hypocritical on his official verified Weibo account, which attracted hot discussion of Chinese netizens.