The founder and chairman of Alibaba Group, Jack Ma (or Ma Yun), has a net worth of $21.8 billion, according to Bloomberg.
Evernote Market Launched in China with Hardware Products
Evernote Market was launched in September 2013 but it wasn’t available to China market until today.
Renren’s Monthly Unique Log-in Users Down to 54 Million in Q2 2014
Renren’s total net revenues for the second quarter of 2014 were US$25.0 million, representing a 42.4% decrease from the corresponding period in 2013 according to Renren unaudited financial report.
Qihoo 360 Revenue Doubled with 641M Mobile Users in Q2 2014
Qihoo 360 Technology Co. Ltd. revenues were $317.9 million in the second quarter of 2014, a 109.6% increase from $151.7 million in the second quarter of 2013 according to Qihoo 360 unaudited financial results.
Ctrip Mobile App Downloads Reached 200M in Q2 2014
During the second quarter of 2014, approximately 80% of Ctrip’s total transactions were booked online or through mobile channels according to its official announced unaudited financial results.
Qunar Revenue More Than Doubled in Q2 2014; Mobile Revenue Up 511.8%
Qunar.com total revenues for the second quarter of 2014 were RMB400.4 million (US$64.5 million), an increase of 127.3% year-on-year, the highest revenue growth rate in ten quarters.
Youku Tudou Loss Continued Reaching Over 500M Users in Q2 2014
Youku Tudou net revenues were RMB958.7 million (US$154.5 million), a 27% increase from the corresponding period in 2013. They derive a part of our revenues from mobile value-added services through partnership agreements with third party mobile network operators and shares the fees collected by the mobile network operators for such services.
#IceBucketChallenge Went Viral on Weibo in China
The ALS Ice Bucket Challenge, involving dumping a bucket of ice water on one’s head or donating to the ALS Association, also went viral on Chinese social media Weibo.
China’s Top Mobile Video Player Apps in July 2014
Among China’s mobile video player apps in July 2014, Mobile QQ Video Player ranked first by total number of active users, with 867 thousand users, followed by MoboPlayer with 774 thousand according to EnfoDesk.
Demographics of China E-Commerce Community on Weibo
The total number of fans of China e-commerce websites on Weibo reached 24 million by the end of July 2014, becoming a large online community for online retailers.
Baidu Launching Instant Search Feature
Baidu is testing its instant search feature, a new search enhancement that shows results as you type.
Amazon China to Deliver Global Products Directly to Chinese Consumers via Shanghai’s Free-Trade Zone
Amazon China announced a tripartite memorandum of understanding with China (Shanghai) Free Trade Zone (FTZ) and Shanghai Information Investment Co., Ltd.
Chinese Consumer Confidence Remained at An Historic High in Q2 2014
Chinese consumer confidence remained at an historic high in the second quarter this year according to Nielsen’s latest China Consumer Confidence Survey report. And, both male and younger consumers (less than 30 years old) are more confident the same as in global scale. Chinese consumers’ willingness to spend also rose in Q2 2014.
eLong: 8.3 Million Hotel Room Nights Stayed in Q2 2014; 45% Mobile Bookings
Hotel room nights stayed in the second quarter, booked via eLong, increased 44% to 8.3 million room nights compared to 5.8 million in the prior year period according to eLong announced unaudited financial results.
Sina Net Revenues Increased 19% YoY to $187M in Q2 2014
Sina reported net revenues of $187.0 million, compared to $157.5 million for the same period last year. Gross margin for the second quarter of 2014 was 61%, comparing to 54% in Q2 2013 according to Sina’s announced unaudited financial results.