Baidu launched its finance center on October 28, 2013, within 5 hours, Baidu sold out 1 billion yuan (USD 163 million) worth of money fund. Baidu aimed at offering a finance product with a 8% annual percentage yield (APY) in cooperation with China AMC (China Asset Management Co.). Over 120,000 users bought Baidu money fund, […]
China Secondhand Luxury Brands Analysis
In 2013, China luxury brands market growth slowed down due to economic and other factors. But, how would China secondhand luxury brands market perform? Institute Fortune Character, an institute of Fortune Character which is a luxury lifestyle publication in China, did a survey of more than 200 secondhand luxury stores in Beijing, Shanghai and Guangzhou […]
Chinese Mobile Payment Behavior Analysis in 2013
iResearch announced a report on Chinese mobile payment behavior 2013. According to the report, only 20.7% mobile users said they knew nothing about mobile payment. More than 70% said they had a certain knowledge of mobile payment.
Chinese Email Users’ Attitude To Marketing
Email user coverage in China was 125 million, far less than online shopping and search engine. But the average visit duration was 79.6 seconds, longer than online shopping and search engine.
China Mobile Banking Reached 3.7 Trillion Yuan in Q3 2013
According to Enfodesk, China mobile bank transaction in Q3 2013 reached 3.7 trillion yuan (USD 604 billion), with a 35.9% QoQ increase. In Q3, CCB (China Construction Bank) and ICBC (Industrial and Commercial Bank of China) together occupied almost 50% of mobile bank market, however, their market share dropped a little. CMBC (China Minsheng Banking […]
China B2B Market Scale Reached 12.6 Billion Yuan in H1 2013
China B2B market in the first half of 2013 reached 12.6 billion yuan (USD 2.06 billion), increasing 23.8% compared to 2012. The total market is expected to reach 29 billion yuan (USD 4.74 billion) by the end of 2013.
Double 11: B2C Enterprises Promotion War Upgraded to Offline Retailers
Double 11 is yet to come, the competition between B2C platforms has upgraded. On October 17 2013, Tmall and Yintai shopping mall reached to an agreement of developing China O2O business model. Except for Yintai, more than 30,000 offline stores would join Tmall’s Double 11 promotion.
China Active Mobile Devices Reached 590m In Q3 2013
According to Umeng, a localized Chinese mobile app analysis group offering analytical tools and services to app developers, China active mobile devices grew from 245 million in Q2 to 590 million in Q3 2013. Besides, the new mobile devices from January to September reached 450 million, which means the most active devices were new devices.
China LBS Market Data Report for Q2 2013
Enfodesk released its report on China LBS market, by the end of 2013 Q2, China mobile navigation apps accounts reached 120 million, with a QoQ increase of 8.5% and a YoY increase of 43.6%.
China Online Shopping Up 26.5% In September 2013
China Ministry of Commerce announced on October 17th, 2013, online shopping grew fastest in September with 26.5% YoY increase. According to Ministry of Commerce’s monitor over 3000 key retail enterprises, in September 2013, food sales had a YoY increase of 11.3% and a MoM increase of 0.6%, communications equipment increased 9.2% compared to last year, […]
Second Hand Online Shopping in H1 2013 Doubled
Online shopping can be very alluring sometimes, some people just couldn’t help buying a lot of commodities which look pretty but they seldom use. Now, they have another option – to sell these commodities on second hand online markets. Data showed that second hand online shopping in the first half of 2013 had a dramatic […]
China Top Android Devices in Sep 2013: Top 10 All from Samsung and MIUI
According to a research by Umeng, a localized Chinese mobile app analysis group offering analytical tools and services to app developers, active android devices in September didn’t change too much. Top 10 devices were all from Samsung and MIUI.
China B2B Market Update For Q3 2013
According to EnfoDesk, China B2B market scale in Q3 2013 reached 4.24 billion yuan (USD 692 million), with a QoQ increase of 7.8% and a YoY increase of 23.3%.
Forbes: Baidu CEO The Third Richest in China
Forbes published its China Rich List 2013 on October 16, Baidu CEO Robin Li ranked the third in China Rich List. Tencent’s CEO Pony Ma and Alibaba’s founder Jack Ma were all on the top 10 list. Forbes’ China Rich List collected 168 billionaires, much more than last year’s 113 billionaires. The total wealth of […]
Coursera Joined NetEase to Launch Coursera Zone
On October 8th, 2013, an online free classes platform Coursera joined with Chinese online education platform NetEase to launch a Chinese language Coursera Zone. Coursera Zone will offer syllabus, FAQ and discussion forum in Chinese. What’s more, Coursera Zone would provide more classes in Chinese, NetEase would select some online classes and store them in […]