Taobao auction total turnover exceeded 10 billion in the first quarter this year according to its announcement on 12 August; the first half of 2014 had YoY growth of 1,528%.
Jingdong Launched Shopping Channel on Mobile QQ
Jingdong launched a shopping channel on mobile QQ, the most popular mobile app in China grabbing more share in China’s mobile shopping market.
China’s Top 10 Online Media by Ad Revenue in Q2 2014
China online advertising market reached RMB38.15 billion (US$6.19 billion) in the second quarter of 2014, an QoQ increase of 29.2% and YoY growth rate of 48.7%.
China E-commerce Total Transactions Reached $460B in Q2 2014
China e-commerce total transactions reached RMB2.83 trillion (US$460 billion) in the second quarter this year, a QoQ growth rate of 7.1% and YoY growth rate of 19.9%.
China OTA Market Transactions Close to $10 Billion in Q2 2014
China online travel OTA market transactions reached RMB61.41 billion (US$9.94 billion) with a YoY growth rate of 17.1%; total revenue reached RMB 3.24 billion (US$520 million), a YoY increase of 19%.
China Online Video Market Exceeded RMB 5B in Q2 2014, 21.3% from Mobile
China online video market reached RMB5.43 billion (USD 880 million), an QoQ increase of 38.9% and YoY growth rate of 73.6%. Advertising is the primary force driving online video market development.
China Social Media Seen Stronger Growth on Mobile in Q2 2014
China online social services on mobile reached total number of 190 million unique visitors in May 2014, according to iResearch, an increase of 32% compared with last May.
China Search Engine Market Update for Q2 2014
Total revenue in Chinese search engine market reached RMB14.73 billion with a QoQ increase of 26.8% and YoY growth of 58.5%, 39.5% of which were contributed by mobile.
CHART: China B2C Online Retailer Market Share in Q2 2014
Transactions generated from Chinese B2C online retailers reached RMB284.5 billion, 40.4% of China’s total online shopping transactions in Q2 2014; and it is expected to continue to grow and surpass C2C online retail market in 2015.
Samsung and Xiaomi Ahead of Apple, Leading China Smartphone Market
Samsung leads China’s smartphone market (23%) by total sales volume, followed by Xiaomi (21%) and iPhone (16%) during a five-month period ended in May 2014, reported by Kantar Worldpanel.
China to Surpass the US in Business Travel Spending by 2016
Business travel in Asia Pacific, led by a dominant China, outpaces the rest of the world, according to a newly released travel forecast by the GBTA Foundation. Driven by infrastructure investments, exports and service development, business travel spending in China has grown from US$32 billion in 2000 to US$225 billion in 2013, an average of […]
CHARTS China Online Dating Market Update for Q1 2014
China online dating market in 2013 totalled RMB1.59 billion (US$260 million) according to Analysis International, who expects China’s online dating market to grow by 30% to RMB2 billion (US$320 million).
Taobao & Yu’E Bao Offers Money-making “Tour Packages”
Alipay Yu’e Bao and Taobao Trip launched Lvyou Bao, or “travel treasure”, a travel product with investment benefit. How it works: Consumers pay for travel service on Taobao with Yu’e Bao after which the paid money is not in fact spent but “frozen” until consumers confirm the travel service. During the “frozen” period, consumers can […]
China Online Shopping Total Transactions Reached $101B in Q2 2014, Exceeding 10% of Total Retail
Total transactions of China’s online shopping market, a combination of B2C and C2C markets, reached RMB6,28.76 billion (US$101.58 billion), 10.1% of total retail transactions in China, according to iResearch data.
China’s Third-party Internet Payment Exceeded $302B in Q1 2014
China’s third party internet payment totalled RMB1873.15 billion (USD 302.71 billion) in Q1 2014, with a YoY growth rate of 84% according to iResearch.