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 […]
WeChat Tests POS Payment, Ambitiously Boosts O2O Services
Could Wechat avoid Unionpay to test its POS payment? The answer is yes. Many reliable sources indicated that Wechat POS payment will launch on 22 in March, 2014.
Comparison Analysis of JD and Amazon Financial Performance
How Amazon Achieved Profitability Guotai Junan Securities did a profit analysis for Amazon, it found out that if other operating revenue was excluded, the gross margin would drop by 3 to 4 percentage points. Amazon’s net profit margin was around 3% before 2011, which indicated that if other operating revenue excluded, the company’s net profit […]
Answered: Your Most Burning Questions About China Mass Affluent
Sun Yat-sen University together with CreditEase started a research project-Guangdong Financial Environment Research-in August 2013, which focused on mass affluent finance management in Guangdong province and rural area financial development. One Thirds of Mass Affluent Were From Private Enterprises Statistics revealed that Chinese mass affluent grew larger in recent two years. In 2010, mass affluent […]
GlobalWebIndex: China Had The Highest Mobile Internet Penetration
GlobalWebIndex data showed that 65% of netizen worldwide accessed internet via mobile phone, while the percentage was even higher in specific country-China had 83% mobile internet penetration with approximately 383 million netizens.
What To Expect From Linkedin China Localization
Linkedin launched its beta Chinese website on 25th February in 2014, naming its Chinese site “Ling Ying”. President of Linkedin China, Derek Shen led a crew of 6 and showed up on Shen’s Sina Weibo. Derek Shen had posted recruiting notice on Linkedin China enterprise Weibo, as well as his profile page on Linkedin.
How Brands Utilized Chinese Spring Festival Gala on Sina Weibo
Chinese Spring Festival Gala usually had the highest TV ratings in the world, according to CCTV, its TV ratings in 2014 reached 30.94%. While in the US, Super Bowl also had pretty high TV ratings therefore Chinese called it “American Spring Festival Gala”. 2014 Super Bowl hit a new record of 111.5 million viewers.
The Story of the Rise of Tencent Empire
QQ, one of the most successful and essential product of Tencent, has an adorable penguin to be its logo. “Penguin” Empire, 15 years of after its birth, attracted 800 million users globally. Another top-rated “Penguin” Empire product, Wechat, soon accumulated 300 million users in a little more than two years. Wechat gives Tencent more dominance […]