China’s road to digital transformation is quite different from other markets as the consumer internet is driving the development of industrial internet, according to a report co-released by the Boston Consulting Group (BCG), Alibaba, and Baidu. To a certain extent, Chinese consumers have led a highly digital daily life. 20% of households in first- and […]
Stories behind China’s super app WeChat, told by its founder
WeChat founder Allen Zhang (Zhang Xiaolong) gave a speech at WeChat’s Open Class Pro event early this year, he asserted that the value that mobile apps can deliver via improved services is limitless. And, WeChat is expanding to revolve around different standalone apps, such as the mobile app for reading books WeRead, and will try […]
Apple’s App Store accounts for over 40% apps in China mobile apps market
With 4.49 million apps available for download in app stores, each Chinese internet user on average downloaded 39 apps on their mobile devices. The 15- to 19-year-olds were the most active with each of them downloading 59 apps a month. There were 4.49 million mobile apps available in China’s app stores as of December 2018. […]
China announced new reduced import tax for 9 April 2019 onwards
China’s Customs Tariff Commission of the State Council decided to adjust the import tax on imported goods according to the website of the Ministry of Finance.
5 out of 11 AI unicorn startups are from China
CB Insights research team selected the 100 artificial intelligence startups disrupting 12 core sectors from a pool of 3K+ companies. A total of 11 companies on the list are unicorns (private companies valued at $1B+).
China’s US$21bn air ticket booking market in Q4 2018, led by Ctrip, Qunar, Fliggy
Air tickets online booking reached US$21.36 billion in Q4 2018, an increase of 3.58% year-on-year. Ctrip-affiliated agencies accounted for over 57% of total transactions. Alibaba’s Fliggy ranked third with a share of 17.53%. The transactions of online air ticket booking totaled 143.318 billion yuan (US$21.36 billion) in Q4 2018, an increase of 3.58% year-on-year and […]
China online accommodation market in Q4 2018; top 3 accounted 73%
China’s online accommodation booking market grew by 18.5% to US$7.01 bn in Q4 2018. The top 3 players combined accounted for 73.2% of the total. Ctrip placed first with a share of 46.4%. Meituan Dianping (14.3%) overtook Qunar (12.5%) to be the first runner-up. The online accommodation booking market totaled 47.11 billion yuan (US$7.01bn) in […]
China 3rd-party payment overview for Q4 2018
In Q4 2018, China’s third-party mobile payment grew by 7.78% to US$7 trillion in Q4 2018. Alipay (53.78%) and Tencent Finance (38.87%) combined had a total of 92.65% market share. The third-party internet payment market shrank by 3.48% quarter-on-quarter to US$0.94 trillion. The top 3 players accounted for 56.42% share of this market. 3rd-party mobile […]
Pinduoduo and Taobao share over 137 million overlapping users
2018 marked the fourth wave of IPO fever with 42 companies going public. The overlapping users reached 137.87 million among Pinduoduo (272.6 million) and mobile Taobao (699 million). Short video (33.1%) and instant messenger (18.6%) took up over half of the increased usage duration. 2018 had seen 42 Chinese companies from a variety of verticals […]
China’s newborn drops by 2 million in 2018
China had 15.23 million new-born babies in 2018, 2 million fewer than in 2017, according to China’s National Bureau of Statistics. Even though it’s higher than some pessimistic forecasts of below 15 million, it is the lowest in recent years. Where have the babies gone? About 51% of new-born babies in 2019 will be the […]
China mobile search market overview Q4 2018; 60% chose smartphone built-in browsers
The user base of mobile search in China grew by 3.79% year-on-year to 685 million in Q4 2018. Baidu was still the first choice for users searching for information (42.5% in proportion). Nearly 60% of users tent to choose smartphone built-in browsers across mobile devices. The user base of mobile search in China grows to […]
How the biggest shopping festival affects China e-commerce apps users growth, engagement, and loyalty
Online shopping has become a lifestyle in China. Let’s take a look at the influence of China’s biggest shopping festival Double 11 in 2018 on the top e-commerce platforms. Mobile Taobao’s daily active users surged by 63.4% on the very day of Double 11. Tmall had the highest growth in daily active users during the pre-sale […]
WeChat total daily payment transactions exceeded 1 billion in 2018
The increase in Tencent’s revenues in Fintech in 2018 was driven by its take-rate on commercial transactions collected from merchants, cash withdrawal fees and credit card repayment charges collected from users, and the service fees from financial institutions for the distribution of FinTech products such as WeiLiDai and the wealth management products on our LiCaiTong […]
Xiaomi performance highlights for 2018; IoT connected devices grew by 193%
The number of connected devices (excluding smartphones and laptops) on Xiaomi’s IoT platform reached approximately 150.9 million units in 2018, a year-on-year increase of 193.2%. Xiaomi AI assistant Xiaoai had been installed and activated on more than 100 million smart devices as of December 31, 2018, and had over 38.8 million monthly active users in […]
Consumption vitality of China’s tier-1 cities
Hangzhou surpassed Beijing and Shanghai in terms of GDP per capita. Beijing was the most active city compared with Shanghai, Shenzhen, and Hangzhou. Beijing has invested the most in fixed assets while Shenzhen is the fastest-growing one.