Chinese post-00s, who were born since the year 2000, are turning adult in 2018. Comparing with post-90s’ past consumption, post-00s save more with higher purchasing power and autonomy. Post-00s has much more affluent material life The savings of post-00s are around 3 times more than that of post-90s when they were at the same age. […]
Chinese search engine Sogou revenues up 43% in Q2 2018
Sogou achieved solid results in Q2 2018 with revenue increasing 43% year-on-year to US$301.4 million and non-GAAP net income up by 58% to US$38.2 million, according to its financial results. That was greatly driven by the twin growth engines – search and mobile keyboard – and AI-focused strategy.
Starbucks China comparable store sales down 2% in Q3 FY18
In Q3 FY18, Starbucks reported consolidated net revenues up 11% to a record $6.3 Billion from the prior year. The comparable store sales up 1% globally and in the U.S., driven by a 3% increase in average ticket. China comparable store sales decreased 2%.
Self-driving tour trending in China
By the end of 2017, China had 310 million active motor vehicles, among which, 217 million were cars. Beijing, Chengdu, Chongqing, Shanghai, Suzhou, Shenzhen, and Zhengzhou together had over 3 million cars in operation. The top 10 largest tourist sources for self-driving tours in China are Shanghai, Beijing, Shenzhen, Nanking, Guangzhou, Hangzhou, Suzhou, Shenyang, Chengdu, […]
China’s mobile music entertainment market 2018; reaching RMB 20 trillion by 2020
China’s mobile internet growth started to slow down since 2015. It generated 8,229.88 billion yuan (US$1,233.52 bn) in 2017 and expected to reach 19,265.43 billion yuan (US$2,887.57 bn) by 2020. As of June 2017, there are 772 million netizens in China with a penetration rate of 55.8%, among which, mobile netizen accounted for 97.5%, according to […]
Paid content is becoming a mainstream in China
With the widespread membership system of video and audio platforms including WeChat Official Accounts, Chinese users are gradually developing the habit of paying for good content on the internet. Online video market generated 21.79 billion yuan (US$3.4 billion) from the paid users in 2017. It will keep the fast-growth of over 60%.
Online education grew to 220M MAU in China; K12 and preschool saw rapid growth
Total downloads of education training apps category in China increased by 72.8% year-on-year while the proportion of downloads to total downloads in app stores grew by 34.1% in April 2018. Online education training is increasing developed in the tier-3 and lower-tier Chinese cities. With the widespread mobile client of education training, to some extent, it helps to solve […]
[STUDY] Chinese online shoppers prefer cross-border online shopping
China has more online shoppers than the US, the United Kingdom, and Australia combined. With online sales now at over 16% of total retail sales, China is second only to the UK in online shopping penetration, according to the report from Frost & Sullivan. China is not just the world’s largest online shopping market, it […]
China filed 217,000 invention patents in H1 2018, led by Huawei
China had a total of 751,000 new patent filings in H1 2018, 217,000 of which were granted, according to the State Intellectual Property Office (SIPO). Specifically, 171,000 granted invention patents are domestic patents, among which, 159,000 are service innovation-creation, accounting for 93.2% of granted domestic patents.
Second-hand products trading on the rise in China
Consumption value and method are changing along with the rising of the Chinese middle class, post-90s, and post-00s. Users aged between 24 and 30 y-o accounted for 43.3% of Alibaba’s second-hand goods trading Xianyu mobile app users while users of mid-level to high-end purchasing power accounted for 52.4% of the total.
China mobile internet market forecast 2018-2020
China’s mobile internet saw slower growth of 48.8% in transactions to 8,229.88 billion yuan (US$1,267.10 bn) in 2017. And, it’s expected to reach 11,432 billion yuan in 2018 and exceed 19 trillion yuan in 2020. Check out some forecast into various mobile internet segments from 2018 to 2020, including shopping, payment, advertising, travel, and etc. […]
ex-Googler founded Pinduoduo ready for US IPO
Ex-Googler and founder of Pinduoduo China’s social e-commerce player Pinduoduo updated its IPO prospectus previously filed with US Securities and Exchange Commission (SEC) on July 17, 2018. It plans to raise at best US$1.87 billion by offering 85.6 million American depositary shares (ADS). The price range is from US$16 to US$19 each. The founder, ex-Googler, […]
WeChat Mini-Programs: top categories and referring sources
The number of WeChat Mini-Programs is estimated to reach 3 million by the end of 2018. It is also expected to reach 400 million daily active users and improve its 1-day retention rate to 31% (which is currently 25.5%; 7-Day retention rate is 13.5% in June).
China’s GDP grew by 6.8% to US$6,263 bn in H1 2018
The gross domestic product (GDP) of China was 41,896.1 billion yuan (US$6,262.90 bn) in the first half year of 2018, a year-on-year increase of 6.8% at comparable prices, according to the preliminary estimates of National Bureau of Statistics of China.
Information consumption trend in China 2018
News and information mobile apps have improved a lot in user stickiness in China. The monthly total usage duration and average usage duration per user all increased by around 20% in December 2017. Different demographics of users in China show a different appetite and preference in the types of content. Over 80% of Chinese users […]