Youku and Tudou officially announced that Alibaba and Yunfeng Capital (founded by Jack Ma and Yu Feng who is board director of Huayi Brothers) purchased Youku and Tudou’s A shares with $1.22 billion, Alibaba will hold 16.5% and Yufeng Capital holds 2%. Besides, Alibaba will appoint CEO Lu Zhaoxi as one of the board director […]
China MIIT Published 2014 C-BPI Report
China MIIT (Ministry of Industry and Information Technology) published its C-BPI report on March 30, 2014. The C-BPI report covered 178 industries and 8,500 mainstream brands.
Baidu and Alibaba Dominate China Online Advertising Market
According to Enfodesk’s report, in the first quarter of 2014, Baidu accounted for 32.2% China online advertising market, followed by Alibaba with 17.3% share. Google China ranked the third with 5.2% market share.
Alibaba To Acquire AutoNavi Completely Fuels Turf War Over Map Data
AutoNavi is almost sure to become food on Alibaba’s plate. According to latest news, the two companies has already nailed an acquisition agreement, meaning that Alibaba will acquire the remaining 72% of AutoNavi’s stake, with an evaluation of around $1.5 billion, up more than 40% from last May when Alibaba first bought AutoNavi’s shares. At […]
Tmall Reposition To Target Tier One Cities
On April 16, Wang Yulei (CEO of Tmall) said during an interview that Alibaba decided to reposition Tmall and separate it from Taobao. That is, Tmall targets at fashionista in tier one and tier two cities, and Taobao targets at all levels of consumers.
Xiaomi Changed Domian Name, Going Global
On April 22, 2014, Xiaomi changed its domain name xiaomi.com to mi.com, the original domain name will redirect to mi.com. Except for changing a new domain, Xiaomi’s website redesigned to highlight e-commerce and its seven main products.
Tencent QQ Peaking Concurrent Users Hit 200 Mn in April 2014
On April 11, 2014, Tencent QQ Peaking Concurrent Users (PCU) hit 200 million for the first time. From 1999 to 2010, QQ users grew steadily to 100 million. In recent four years, QQ grasped mobile internet development and successfully doubled its PCU.
42.8 Mn Mobile Phones Sold Online In China In 2013
iResearch data showed that China mobile phones online sales volume reached 42.8 million and online sales hit 66.39 billion yuan (USD 10.74 billion) in 2013, with over 40% YoY increase. Mobile sale peaked during Double 11 promotion, sold out 4.48 million on November 11, 2013. Many mobile phone manufacturers laid emphasis on online channels, at […]
WeChat To Launch Self-Serve Advertising System In Weeks
WeChat announced on April 12 in 2014, that its self-serve advertising system was about to launch in a few weeks.
Unbelievable: 600K Boxes of Milk Sold Out In One Hour
Chinese online B2C enterprise Yihaodian made a Guinness World Record on March 18 in 2014. At 10 am sharp, “Imported Milk Flash Sale” began, 600,000 boxes of milk in 30 containers sold out in merely 52 mins 25 seconds! It became a new Guinness record of “selling out most milk in the shortest time”.
China Smartphone Brand Awareness Analysis in March 2014
According to ZDC China smartphone brand awareness report in March 2014, the number of smartphone manufacturers in China dropped 7 to 98 but the models only dropped 10. Neither global nor Chinese smartphone manufacturers launched new catchy models in March.
Chinese Online Cosmetics Retailer Jumei Files For IPO In US
Jumei, a Chinese online cosmetics retailer, filed for IPO in the U.S. on April 12, 2014. Jumei planned to finance for USD 400 million under the ticker “JMEI” in NYSE or Nasdaq, its issuing price has not been revealed.
Weibo Q1 Revenue Had 161% YoY Increase in 2014
Weibo stock price rose 19.06% after IPO to USD 20.24, and Weibo’s market value reached USD 4.1 billion on 18 April, 2014.
Highlights News: Baidu PPC Geo-Targeting Upgrades To Prefecture Level
Baidu PPC recently upgraded its Geo-Targeting settings to prefecture-level, which means advertisers could target specific cities of a province for campaigns and ad groups.
Weibo Trending Topic Attracted Massive User Discussion
According to Weibo’s prospectus, Weibo MAU (monthly active users) reached 143.8 million and DAU (daily active users) was 66.6 million in March 2014. Compared to the end of 2013, it grew quite a lot. Weibo’s MAU was 129 million and DAU was 61.4 million in December 2013.