China’s online healthcare market is estimated to reach 17.7 billion yuan (US$2.61bn) with a YoY growth of 17.2% in 2018 and grow to 20.4 billion yuan (US$3bn) by 2019 according to data from iResearch. B2C medicine e-commerce contributes the largest share of the total market size (89.2% in 2017), followed by advertising revenues.
China’s population growth and birth rate reached a shocking low in 2018
By the end of 2018, the total population of mainland China was 1,395.38 million (including the population of 31 provinces, autonomous regions and municipalities, and servicemen in CPLA and excluding residents in Hong Kong SAR, Macao SAR, and Taiwan). China’s population grew by an increase of 5.30 million in 2018, the slowest since 1961.
China’s GDP growth 2018; consumption expenditure contributed 76.2%
In the whole year of 2018, the gross domestic product (GDP) of China totaled 90,030.9 billion yuan (US$13,280.9 billion), a year-on-year increase of 6.6% at comparable prices, according to the preliminary estimates of the National Bureau of Statistics of China.
China retail market overview 2018; rural areas grew by 10.1%, online retail up 24%
In the whole year of 2018, the total retail sales of consumer goods amounted to 38,098.7 billion yuan (US$5,620.13 billion), up by 9.0% year-on-year (nominal growth rate), according to the National Bureau of Statistics of China. Of the total. The retail sales of consumer goods of units above-designated size reached 14,531.1 billion yuan (US$2,143.55 billion), with […]
Xiaomi sold 100 million power banks as of Jan 2019
Xiaomi claimed to reach 100 million units of Mi power banks sales as of January 8, 2019 since its 1st generation became available in 2013. Xiaomi also took the opportunity to launch the latest 3rd-generation Mi Power Bank with a 20,000 mAh capacity and an affordable price of 199 yuan (US$29.42).
Top mobile video apps in China Sep 2018, led by Tencent Video, Tik Tok, Kwai
Market penetration of online video reached 80.4%, a 5.8% increase year-on-year. While the average daily active users decreased to 210 million. Both Tencent Video (116 million) and Tik Tok (118.7 million) saw the average daily active users of over 100 million in September 2018. Tencent Video, iQiyi, and Youku took the top three places with […]
Alibaba’s Tmall to incubate 100 new products for 10 billion yuan GMV in 2019
It is becoming trendy and vital for brands to make products debut on Alibaba’s B2C e-commerce platform Tmall. Tmall also makes great efforts to help brands speed up the average product incubation cycles from 18 months to 9 months. Tmall announced to input 100 million yuan worth of resources to provide a series of services […]
China online travel agency (OTA) market shares in Q3 2018
The online travel market in China grew by 9.3% to US$39.25 billion in Q3 2018, driven by the summer vacation and the mid-autumn festival holiday. 68.6% of transactions are generated from online transportation booking. Ctrip (37.6%), Qunar (19.78%), and Fliggy (16.46%) combined accounted for 73.84% of air ticket booking transactions. Ctrip led online accommodation with a share […]
New e-commerce regulations in China you should be aware in 2019
Individual agents (Daigou), who frequently promote products on WeChat Moment or sell products in live streaming and short videos, all share a new name “e-commerce business operators” as Taobao and JD.com since the new e-commerce policy comes into force on the first day of 2019. Under this new regulation, they need to make market entity […]
How Chinese consumers respond to price discrimination
Some Chinese tech companies are utilizing big data and deploy price discrimination to charge differently on different users. That is mainly demonstrated in three aspects: different prices for iOS and Android smartphone users, different prices for registered users and unregistered users, and different prices for more active users and less active ones. Empowered by internet […]
WeChat Year in Review 2018
WeChat sees 1.08 billion monthly active users in 2018, 63 million of which are senior citizens aged 55 years old and above. On average, WeChat users sent 45 billion messages and make 410 million audio/video calls every day (up 570% than 3 years ago).
China non-financial institutes handled US$8 trillion transactions in Q3 2018
The third-party comprehensive payment market picked up in Q3 after its sluggish start this year, which reached 54.94 trillion yuan (US$8.01T) with a growth of 7.99% quarter-on-quarter. Alipay, Tencent Finance, and UnionPay combined accounted for 87.5% of the total. China’s non-financial institutes that provide payment services processed around 54.94 trillion yuan-valued transactions in Q3 2018, an […]
China online payment market down by 2.58% in Q3 2018
The third-party internet payment market in China showed no signs of picking up after its slump in Q2, which had been down from 6.96 trillion yuan (US$1.02T) in Q1 to just 6.54 trillion yuan (US$0.95T) in Q3. Alipay, UnionPay, and Tencent Finance combined accounted for 56% market share. China’s third-party internet payment market slid by […]
China 3rd-party mobile payment hit US$6.4 trillion in Q3 2018, led by Alipay & Tencent Finance
China’s third-party mobile payment grew by 11.52% to 43.8 trillion yuan (US$6.39T) in Q3 2018. Alipay (53.71%) and Tencent Finance (38.82%) combined accounted for 92.53%, leaving a small space for other players.
Chinese post-95s spent 80% more buying overseas in 2018
Post-90s was the main force of Chinese Haitao users while post-80s held the strongest per capita consumption power. Surprisingly, post-95s attracted extensive attention as its expenditure on overseas products growing at 80% year-on-year. Every 7 out of 10 Haitao users turned out to be females. The top 3 countries selling to China were America, Japan, […]