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 […]
Over 70% Chinese will choose Google over Baidu if it returns
Not long after Facebook’s Hangzhou subsidiary launch, Google was reported to be planning a launch of a censored search engine in China. A poll was created on Weibo asking “if Google returns to China, which will you choose between Google and Baidu?”. 72.8% voted for Google.
Alipay partners with GTF to simplify tax refund for Chinese tourists
Alipay announced its partnership with Global Tax Free (“GTF”), a tax refund agency, to launch the world’s first paperless mobile tax refund function in South Korea. It simplifies the process by enabling Chinese tourists to apply for and claim tax rebates on their mobile phone app.
Tencent saw its first decline in profit since Q3 2005 in Q2 2018; WeChat MAU 1.06B
Tencent saw its first decline in profit since Q3 2005. WeChat total MAUs grew about 10% to 1,057.7 million. Overall, both QQ and QZone saw a decrease in their MAUs in this quarter.
Mobile live streaming users overview 2018; 89 million active users in China
Moblie live streaming is flourishing in several verticals in China, especially for the entertainment live streaming with over 60% penetration rate. The entertainment live streaming obtained nearly 89 million active users, up by 8.4% over the last quarter in March 2018. On average, each user opened up 5 times their entertainment live streaming apps and spent 43.8 […]
China’s mobile payment to reach 650 million users in 2018
The transactions of online payment in China totaled exceeded US$3 billion in 2017, with a decrease of 0.5% from 2016. China’s mobile payment had 562 million users in 2017, up by 21.6% over 2016. It is estimated to reach 650 billion users by the end of 2018. The transactions of online payment totaled 20.751 billion yuan […]
China box office expected to exceed US$10 bn in 2018
As of 30 June 2018, China’s movie box office reached 32.03 billion yuan (US$4.7 bn), increased by roughly 18% compared with 27.19 billion yuan (US$3.99 bn) in H1 2018, according to the State Film Bureau. Movie theatre attendance totaled 900 million, up by 15.3% compared with 780 million in H1 2017. Domestic movie box office […]
China online travel market insights Q1 2018, led by Ctrip, Qunar, and Fliggy
The transactions of China’s online travel market reached US$32.94 billion in the first quarter of 2018. Ctrip and Qunar combined accounted over half of the whole market, followed by Alibaba affiliated Fliggy. Online transportation remains the major part of the online tourism market, compared with accommodation and vacations. The total transactions of China’s online travel market reached […]
Weibo monthly active users (MAU) grew to 431 million in Q2 2018
Weibo’s monthly active users (“MAUs”) had a net addition of approximately 70 million users year over year and reached 431 million in June 2018 according to its unaudited financial results for the second quarter ended June 30, 2018. Mobile MAUs represented 93% of MAUs.
Top mobile banking apps in China in Q1 2018
The mobile banking apps in China obtained 27.98 million DAUs in Q1 2018, up 12.6% over the previous quarter. ICBC, CCB, and mobile banking of ICBC took the top three places with average DAUs of 6.313 million, 4.342 million, and 4.327 million respectively. While seeing from the number of average daily app launches, ICBC took the […]
China’s top 10 cross-border export e-commerce apps 2018
The transactions of cross-border e-commerce in China reached US$1.22 trillion in 2017, with an increase of 20% from 2016 (US$1.01 trillion). The transactions of export e-commerce totaled US$0.84 trillion in 2016, up 22.49% from last year, and reached US$0.42 trillion in the first half year of 2017. The transactions of cross-border e-commerce in China is estimated […]
70% of Uniqlo overseas revenues generated from China and set to open 1,000 stores by 2021
The Fast Retailing Group generated rises in both revenue and profit in the first nine months of fiscal 2018 from 1 September 2017 to 31 May 2018. Consolidated revenue totaled ¥1.7041 trillion Japanese yen (US$15.66 billion), up by 15.3% year-on-year and operating profit reached ¥238.8 billion, increased by 32.3% year-on-year. The profit attributable to owners […]
Pricing only the 2nd most important in China for choosing cloud vendors
China devoted almost the same amount of expenditures to the public and private cloud in 2017. That differs a lot from the United States where public cloud took far more IT budgets versus private cloud. But the public cloud is capturing market shares rapidly, the public-usage rates could rise more than 20% annually in the next […]