Mobile transaction occupied 20% of total on Double 11, and the transaction grew 560% compared to 2012. This was regarded as the omen of mobile shopping outbreak. Nearly half of post-90s used mobile phone to purchase on Double 11, 2013. It means that online shopping began to transfer from PC to mobile.
Come Meet China’s Tuhao
Tuhao has been a hot word all over the media, it represents rich Chinese who love to show off their wealth on internet while claiming to be poor. According to an article from Sydney Morning Herald, China’s vulgar rich: befriended but unloved, a crowdsourced translation call on China’s social media yielded “new money,” “slumdog millionaire,” the “riChinese” […]
11 Business Models of Chinese Internet Enterprises
Today we’ll share an overview of how China internet enterprises make money via these eleven common business models.
China Mobile Internet 2013 Development Report
iResearch announced its China mobile internet 2013 development report on November 18 2013 at China Hi-Tech Fair in Shenzhen, that China mobile internet market reached 165.04 billion yuan (USD 26.92 billion) with YoY increase of 94.1% in 2013.
Alipay Yu’E Bao Fund Reached 100 Billion Yuan
Tianhong Asset Management announced on November 14 2013 that Yu’E Bao fund users surpassed 30 million, fund size reached 100 billion yuan (USD 16.32 billion). It was the first Chinese money fund over 100 billion yuan, ranking 51 in the world.
Paid Users of QQ Game Reached 35%
Tencent announced on the 10th anniversary of QQ Game that the paid users had reached 35%. Tencent data showed that QQ Game platform includes more than 100 games, with 200 million active users. QQ Game platform had 8 million users online at the same time.
Baidu Launched Brand Digital Equity List With Millward Brown
Baidu, in cooperation with Millward Brown, announced 2013 brand equity list on November 18 2013. Brand digital equity, a new concept proposed by Baidu, which combined big data of consumer search results with Millward Brown consumer brand equity research, evaluates brand performance in digital area from multi-dimensions.
Wechat Monthly Active Accounts Reached 270m in Nov 2013
Wechat published its official data on November 18 2013. There years after the launch of Wechat, it has covered more than 200 countries in the world, published over 20 languages versions, and its total monthly active users reached 270 million. Wechat official platform accounts grew to 2 million in 15 months, increasing 8,000 per day.
Tencent Digital Property User Data for Q3 2013
Tencent published its Q3 finance report on November 13, by the end of September 30 2013, Tencent’s total revenue in Q3 reached 15.54 billion yuan (USD 2.53 billion), 34.3% more than that of 2012.
Best-Selling Brands On Double 11 2013
The total transaction on China’s biggest online shopping day – Double 11, which was November 11 2013 known as Bachelor’s Day, reached 35 billion yuan (USD 5.71 billion). According to ebrun, one of the biggest Chinese E-Commerce social media, the best-selling brands of clothing, cosmetics, diaper, jewelry, personal care and watch were listed in the charts […]
China B2C Growth Slow Down in Q3 2013
According to Andy Yeung, an analyst in Oppenheimer, whose report on November 11 2013 showed that China B2C YoY increase rate was 50% in Q3, much lower than 82% growth rate in Q2 and 96% in Q1 2013.
60 Million Packages Processed on China’s Bachelor’s Day
Double 11 in 2013 created 152 million packages; and, in 2012, the number was 78 million. About 100,000 packages were created in one minute. It is a huge challenge for logistic companies.
China Third Party Mobile Payment Market Reached 296.51b Yuan in Q3 2013
According to iResearch, China third party mobile payment market reached 296.51 billion yuan (USD 48.35 billion), with 152.6% QoQ increase.
Taobao Money Fund Sold 100 Million Yuan In 1 Minute
Double 11 was not only a shopping carnival for consumer goods, this year, Taobao began sellling money fund. Data from Taobao finance management showed that by the end of 3 pm on November 11 2013, money fund products total transaction reached 682 million yuan (USD 112 million). Guohua Life sold out 401 million yuan (USD 65.39 million) worth money […]
Taobao Launched O2O Takeout & Delivery Service
Alibaba claimed that its Taodiandian group would launch takeout and delivery service on November 6, 2013. Taodiandian is a mobile O2O app launched in June 2013, aims at serving local users. There are already over 10,000 shops on Taodiandian, including small restaurants, fruit shops,Patisseries and tea shops. Taodiandian is still testing its takeout and food order […]