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.
ECharts: Baidu’s Interactive Charts Creation Tool
Baidu released an updated version of its interactive charts creation tool: ECharts, capable of creating 17 types of charts with wide compatibility of all major web browsers. Let’s see what ECharts can do:
Tencent Given Up Weibo and Focusing on Weishi for Online Video Market
Tencent has removed Weibo business division and moved the team to Tencent News team focusing on video clips sharing product called Weishi (literally means micro-video) according to Southern Metropolis Daily.
Alibaba Opening Up Its Search Technology
Aliyun, Alibaba Group’s cloud computing services company, announced a search product, OpenSearch.
Qihoo 360 Launched Its Own Affiliate Network
Qihoo 360 Technology has launched its own ad network which at the moment is more an affiliate network for its own products as it pays when a conversion is counted.
Xiaomi Smartphones Sold Over 26M Units in H1 2014; Mi4 and Xiaomi Bracelet Released
Xiaomi held annual products conference today in Beijing; Xiaomi co-founder and CEO Lei Jun shared its mobile device sales results and released new products including new smartphone Mi4, and smart bracelet tracking movement and sleep.
Taobao‘s Xianyu for the second-hand Market
Taobao updated and re-named Taobao Secondhand mobile apps to Xianyu in July 2014,targeting the secondhand products marketplace.
Top 10 Chinese Fashion Websites
Chinese fashion websites average daily reach is 12.418 million from 23 Jun 2014 to 29 Jun 2014, according to iResearch data, dominated by China’s local fashion sites.
China’s Travel Market to Reach USD 530B in 2014; Oversea Chinese Travelers to Spend USD 155B
China Tourism Academy estimates total revenue generated from China’s travel industry is going to reach RMB 3.3 trillion (USD 530 billion) this year with 3.76 billion person trips.
Alipay Offering Fingerprint Payment Partnering with Samsung
Alipay announced its cooperation with Samsung Galaxy S5 to offer Alipay users payment by fingerprint.
CHART: China Smartphone Mobile Gaming Users
Total number of mobile gaming users on smartphones reached 190 million in 2013 according to iResearch.
Alipay Offering $3+ Insurance for Mobile Phone Screens
Alipay is actively expanding its business into insurance businesses with new version 8.2 offering four types of insurance packages.