According to the latest data released by iResearch, in February 2014, Chinese fashion websites daily user coverage reached 9.18 million. PCLADY ranked the first with average 970,000 daily user coverage and 0.4% penetration rate, followed by YOKA with 950,000 daily user coverage and 0.4% penetration. Onlylady ranked the third with 790,000 daily user coverage and […]
China Third-Party Online Payment Market in 2013
China third-party online payment market reached 5372.98 billion yuan (USD 870.33 billion) in 2013, with 46.8% YoY increase. According to iResearch, it will maintain the high growth rate and its importance in the whole economy strengthened. The deep collaboration with finance enterprises helped third-party online payment find a new growth point. 2013 was only the […]
Sina Weibo About To Issue 20Mn IPO Shares Priced At $17-19
Sina Weibo files for IPO on Nasdaq under “WB”, confirmed by its updated prospectus on April 5 2014, Weibo’s IPO shares will be priced at USD 17 to 19 and the highest financing amount will be USD 437 million.
Jack Ma Acquired Hengsheng Group With 3.3 Billion Yuan, Became The Largest Shareholder of Hundsun
Hundsun, a well known supplier of financial software and network services, announced on Weibo that Zhejiang Rongxin owned by Alibaba’s founder Jack Ma acquired Hengsheng Group with 3.299 billion yuan (USD 534.38 million) on April 3, 2014. Zhejiang Rongxin holds 20.62% of stake in Hundsun, becomes the largest shareholder.
Demystify Alibaba’s Money Fund Yu’E Bao
Alibaba’s money fund Yu’E Bao belongs to Tianhong Asset Management, which was found on May 29 in 2013. How did Yu’E Bao perform in the past 2013?
Kuaidi Taxi APP Released Its Q1 Financial Performance
Right after Didi Taxi released its data on Wechat Official Account, Kuaidi announced its first quarter financial performance on March 2, 2014. By March 31 in 2014, Kuaidi Taxi had covered 261 cities including all the provincial capitals, with 650% QoQ growth rate. The number of daily transaction reached 6.23 million, 20.7 times of one […]
How A Chinese Taxi-Hailing App Reached 100 Million Users in 77 Days
Didi Taxi, a popular Chinese taxi-hailing mobile app backed by Tencent, released its data on Wechat Official Account (didi-taxi) on March 31, 2014. By March 27, the bonus for Didi Taxi app hit 1.4 billion yuan (USD 226.81 million), and its registered users increased to 100 million.
Baidu Light APP “Qing-Pai” Appeared On Transcendence Debut in China
Johnny Depp came to China for the first time to promote his new movie Transcendence on March 31, 2014. On the press release, Johnny Depp used Baidu’ light app “Qing Pai” to purchase the very first movie ticket of Transcendence, represented the beginning of the ticket snap. The purchase experience stunned the audience by simply taking […]
Weibo Files for IPO on Nasdaq, Under the Ticker “WB”
On April 1 2014, Sina Weibo renewed its prospectus and announced that Weibo will be listed on Nasdaq as “WB”. On March 15 in 2014, Sina Weibo submitted Form-1 to Securities and Exchange Commission for financing USD 500 million, half of which will be used to pay off debt and the other half will invest […]
Alibaba’s CEO Jack Ma On Fortune Top 50 Greatest Leaders in 2014
Fortune Magazine named “Top 50 Greatest Leaders”on March 20 in 2014, Amazon’s CEO Jeff Bezos ranked the NO.10, the highest ranking for IT leaders. Chinese leader, Alibaba’s CEO, Jack Ma also named on the list, before Apple’s CEO Tim Cook and Youtube’s CEO Susan Wojcicki.
WeChat Update Increases New Feature for Dianping
Tencent launched its WeChat 5.2.1 on March 21, 2014, increased a new feature for Dianping, a Cragslist like Chinese review website. It has been over a month since Tencent bought 20% of stake in Dianping, the market guessed wildly about how WeChat could drive its traffic to Dianping without compromising user experience.
Alibaba Upgrades Integration With Sina Weibo in 8 Aspects
On March 15, 2014, Sina Weibo filed for a USD 500 million IPO on the Nasdaq. In April 2013, Alibaba purchased Sina Weibo’s 18% stake with USD 585.8 million, which brought USD 49.14 million advertising revenue in 2013. It accounted for 33% of advertising revenue. The deal also secured that Alibaba an option which allows […]
Alibaba Confronts With Amazon in Cloud Computing
As Jack Ma, founder of Alibaba, announced the strategy of “cloud app”, the two global giants in e-commerce – Alibaba and Amazon confronted with each other in cloud service. In Beijing office, AWS (Amazon Web Service) China was fighting for their goal in the first quarter of 2014: the first batch of Chinese clients will […]
Promising Mobile Search Worries Baidu No More
Baidu recently released its Q4 financial report, which showed its thriving mobile market development. Baidu mobile search was growing steadily, it’s very unlikely that mobile search would threaten web search. Therefore, Baidu’s search concentrated business model would be sustainable. But Baidu’s solely profit pattern remained unsolved.
It’s Official: Jingdong Teams Up with Tencent
On the morning of March 10, 2014, Tencent and Jingdong (JD.com) together announced that they just reached strategic alliance. Jingdong is going to buy 100% equity, logistics personnel and asset of Tencent’s B2C platform QQ wanggou (wanggou.com) and C2C platform PaiPai (paipai.com), besides, a few stake in Yixun (yixun.com) and the right to buy the […]