According to a survey done by Tencent, participated by more than 46,000 people by the end of September 10 2013. This survey is to investigate the popularity of iPhone 5S and 5C in Chinese users. 50% users chose iPhone 5S, 22% chose iPhone 5C. And 21% said they didn’t want either one. 7% said they […]
China B2C Appliances Market Share in July 2013
In June 2013, Jingdong led the B2C appliances market with more than 60%, followed by Tmall with 22.36% market share by revenue. All B2C platforms had similar discount rate, around 10%.
Yixun Online Shopping Transactions from Wechat Hit 30K
Yixun.com, an online shopping website acquired by Tencent, granted payment access from Wechat in the middle of August 2013. Data showed that in the second half of August, after Yixun.com granted access from Wechat both in PC and mobile devices, the number of total accumulated transactions from Wechat hits 30,000.
China Online B2C Brand Influence in July 2013
CNIT just released its research on China B2C brand influence in July 2013. Jingdong ranked the first in China B2C brand influence scored 95.72, followed by Tmall and Amazon China. Compared to June 2013, the ranking of Jingdong, Vipshop, Yihaodian, Lefeng and Vancl all went up. Vipshop jumped from the 10th to 4th.
Tencent Became the First Chinese Company With Over USD 100 Billion Market Cap
Last week on September 16, Tencent’s market value went up 1.51%, having reached HKD 774.98 billion (USD 100 billion) and become the first Chinese internet company with a market value of over USD 100 billion. Since 2004, Tencent’s market value increased more than 100 times. Citibank has raised Tencent’s target price to HKD 480. Citibank […]
China’s Sogou, Soso Search Engines Joining Forces
Wang Xiaochuan, CEO of Sogou, revealed the cooperation details in an internal email that Sogou and Tencent would form a joint department to begin cooperation on search. The email said that Tencent would merge Soso and QQ Chinese input with Sogou, and invested USD 448 million to take 36.5% of stake in Sogou. Tencent expected […]
Baidu Search Share Down While Qihoo 360 Up in August 2013
According to CNZZ, Baidu topped China search engine market share with 63.16%, followed by Qihoo’s 360 with 18.23%. Sogou ranked third with 10.35% market share.
China Top 20 Android Devices in August 2013
According to d.cn report, Samsung topped in total android devices sold in August 2013. Top 7 android devices were all Samsung. However, there were 4 Xiaomi devices that ranked in the top 20. Besides, Huawei and Meizu were also on the list. Nexus 7 , a Google tablet, ranked the 20th, which showed users recognition […]
UnionPay New Policy Targeting Third-Party Online Payment
UnionPay announced a new policy towards third-party payment recently, strongly defending its interest in online payment which caused suspects and guesses from market. It stated that non-financial companies(mainly third-party payment) had to transfer offline transaction to UnionPay before December 31 2013. By the end of July 1 2014, third-party payment online transactions had to link […]
Baidu’s Competition With AutoNavi Led to Free Navigation
Baidu announced on August 28, 2013 that Baidu Mobile Navigation would be free hereafter. Merely four hours later, AutoNavi, a leading map and navigation Chinese company, responded with free navigation service promptly. The war over mobile navigation market accelerated immediately. Free is a sharp weapon to break original market structure and win market dominance. Baidu […]
Taobao Faced Most Consumer Complaint in the First Half of 2013
According to 10oEC.cn report released last month, top 10 B2C websites which faced most consumer complaints is shown above. Taobao ranked the first with 17.31% complaint rate, and its response rate to complaints was the lowest. Coo8 had the highest response rate to complaints, with 85%. Consumers complaints on Taobao were mainly because of products […]
How Much It Costs to Set Up Online Shop on China B2C Platforms
You may wonder, how much would it cost to enter major e-commerce platforms in China? Here’s an illustration with apparel and clothing category. In the example of clothing and apparel, in Tmall, it would cost 100,000 yuan (USD 16,218) for security deposit, and 60,000 yuan service fee (USD 9,730). Commission charge is 5% of sales […]
Baidu Mobile Internet Updates in Q2 2013
According to Baidu Mobile Internet Report in Q2 2013, Android daily active users grew steadily though QoQ increase rate dropped down, and it might hit 300 million by the end of 2013. In Q2, the number of Android increased new users was about 20 million, with a 10% QoQ increase.
China E-Commerce Market Exceeded USD 713 Billion in H1 2013
By the end of June 30 2013, China e-commerce transaction reached 4.4 trillion yuan (USD 713.27 billion), which grew 24.3% compared to last year. B2B transaction totalled 3.4 trillion yuan(USD 551.17 billion), with a 15.3% YoY increase. B2B revenue in the first half of 2013 reached 9.38 billion yuan(USD 1.52 billion), with a 25.9% YoY […]
How Tencent Made Billions with QQ Membership
How does Tencent make billions from its membership? Today we will discover the membership secret of Tencent’s money machine. Establish QQ Membership Hierarchy System When Tencent established membership system, the key point was to charge members. How can Tencent make members continue to pay for QQ services? Tencent came up with membership hierarchy system, to […]