China’s domestic tourism saw 2.826 billion person-trips in the first half of 2018, an increase of 11.4% year-on-year. Among them, urban residents went on 1.997 billion person-trips, increased by 13.7% compared with the 829 million person-trips made by rural residents, an increase of 6.3%, according to National Ministry of Culture and Tourism.
Meet Meituan, another China’s everyday app
Meituan Dianping (Meituan), China’s leading e-commerce platform for local lifestyle services updated its IPO prospectus previously filed with Hong Kong Exchanges this month. It plans to issue 480 million shares each priced between HK$60 and HK$72 with a value of at best 34.6 billion yuan (US$5.06 bn) and set to go public on September 20, […]
Is Alipay Mini-Programs a powerful weapon for retailer?
Some mobile apps have developed mini-apps in China, which requires no installation and allows instant usage on their platforms by users. The leading ones are WeChat, Alipay, and Baidu while Huawei, Vivo, Xiaomi and 9 other major applications have also developed their own. While WeChat Mini-Programs leads the game, Alipay mini-apps also shows some potential. […]
China digital ads fraud study 2018; 28.8% invalid traffic in H1
28.8% of digital ads traffic was invalid in the first half of 2018 (H1 2018) while it also presented the downtrend from a higher 30.4% in H1 2016, according to the latest report from AdMaster. The anti-fraud has been one of the major subjects under discussion of digital ads since 2017. Given that the advertisers […]
Pinduoduo GMV up 583% in Q2 2018; fast growing active buyers & MAUs
Pinduoduo, founded by an ex-Googler, reported GMV of 262.1 billion yuan (US$39.6 bn) in the twelve-month period ended June 30, 2018, an increase of 583% from last year. Active buyers grew by 245% to 343.6 million and annual spending per active buyer was 762.8 yuan (US$115.3), increased by 98% year-on-year. Average monthly active users reached […]
Carrefour’s retail transformation with WeChat Mini-Programs
On August 8 this year, Carrefour’s WeChat user penetration grew by 28% from a year ago. Over 55% of Carrefour customers in South China used WeChat Pay. Much effort had been put on integrating WeChat Pay and smart retail together to make customers into the habit of shopping with WeChat Mini-Programs in Carrefour supermarkets. Collaborated […]
Factors of offline shopping in China, promotion sources, and memberships
The emerging e-commerce has a great impact on the traditional retail industry, which has slowed down its developing pace and started to arrange offline sales since 2017. Seamless integration of online and offline shopping has become a trend, more and more retailers think consumer experience and efficiency important. However, they need to know more about consumers in […]
China to spend US$77 bn on robots by 2022
China is estimated to spend US$77 billion on robots (including drones) by 2022 with a compound annual growth rate (CAGR) of 26.3%, according to the latest IDC Worldwide Semiannual Commercial Robotics Spending Guide.
Smart restaurants in China – retail expansion of the dining business
Koubei is one of Alibaba’s platforms that specializes in providing local services, an area where new retail is an emerging force. New retail is Alibaba’s concept of seamless digital integration of online and offline commerce.
Singapore Airlines partners with Alibaba to enhance the travelers experience
Singapore Airlines (SIA) and Alibaba Group this week announced a comprehensive strategic collaboration aimed at enhancing the customer experience for travelers. The collaboration encompasses several players in Alibaba Group’s ecosystem including Fliggy, Alibaba Cloud, Alipay and Cainiao Network.
Xiaomi sold 32 million smartphones in Q2 2018
In Q2 2018, Xiaomi reported a high growth of 58.7% in smartphone revenues to 30.5 billion yuan (US$4.61 bn), accounting for roughly two-thirds of the total revenues. Smartphone sales volume reached 32.0 million units, up by 43.9% year-on-year. IoT and lifestyle products grew 104.3% year-on-year in revenues with the global sales volume of smart TVs grew over […]
China online travel market overview 2018; better performance seen on mobile
Total revenues of China’s online travel market reached 738.41 billion yuan (US$107.99 bn) in 2017, up by 25.1% over 2016. The high growth has started to slow down since 2014 and is estimated to be 12.2% by the end of 2020. On the other hand, the penetration rate of online travel is 13.3%, increased by […]
Social mobile app Momo MAU grew to 108 million in Q2 2018
Momo, one of the top mobile social networking platform in China, announced total net revenues of $494.3 million in Q2 2018 with an increase of 58% YoY, according to its unaudited financial results.
China advertising market overview; top advertisers in H1 2018;
Growth fastest since the first half of 2013. Coca-Cola surpassed P&G to become the biggest advertising buyer in China. Total ad spending in China jumped by 9.3% year-on-year in the first half, higher than the 4.3% increase for the full year of 2017 and much faster than the 0.4% growth reported a year ago, according to CTR. […]
Alibaba cross-border B2B e-commerce report 2018
Alibaba.com, committed to helping SMEs to export and expand overseas market, has already become the biggest international trading platform. This platform has over 1,000 active overseas buyers and receives near 300 thousand inquiry orders every day. Alibaba.com app saw a year-on-year increase of 52% in active buyers and 269% in DAU. The number of exports […]