Three major trends are shaping China’s luxury market today: expansion of luxury brands into everyday categories, increased attention towards niche brands and personalization, and “normalization” of online sales of luxury goods.
China online banking transactions dropped to RMB 482 trillion in Q3 2017
According to recently published report by Analysys, “China Online Banking Quarterly Forecast Report for 2017 Q3”, the total online banking transactions amounted to 48.15 billion, reflecting a 4.3% decrease when compared to the same quarter previous year.
Sogou net income increased by 46% in 2017
One China’s top search engine company, Sogou’s Total revenues were $908.4 million in 2017, a 38% increase from 2016.
China e-commerce market (B2B, B2C, mobile) in Q3 2017
China’s e-commerce market is already the world’s largest, and its growth, while slower than in years past, is still more rapid than that of any other large economy in the world. The following is an overview of several e-commerce sectors in Q3 2017. SME-oriented B2B Platforms B2B platforms serving small-to-medium enterprises saw slower revenue growth […]
China Antarctic tourism increased by 30.5% in 2017
Numerous news reports have highlighted huge upticks in global tourism to the Arctic and Antarctic, and China is no exception to this trend. This year, data from various tourism companies shows that the number of offerings in these fields has increased as has the number of tourists, the majority of whom are wealthier middle-aged and […]
Shanghai’s departmental stores rolled in big money on double 11
The humongous online sale on Double 11 has yet to eliminate offline retail sales, as physical stores show signs of recovery. According to Laodong daily, the departmental stores in Shanghai has seen sales numbers doubled on 11.11. The sales revenue from Printemps at Wu Jiao Chang has exceeded 1 billion Yuan (US$151 million) for the […]
3 Tourism trends in China in 2018
In November 2017, the World Tourism Economic Trends report was released at the World Travel Fair in London. The report anticipates that in 2018 the global tourism sector will experience rapid growth, and it is likely that China, which already topped the rankings for the number of tourists and overall tourism spending in 2017, will […]
Black Friday continues to be a revenue driver for cross-border e-commerce platforms in 2017
With “Black Friday” falling just two weeks after this year’s 11.11 promotions, it was probably inevitable that consumer fatigue and diminished enthusiasm (not to mention diminished wallets) would sap the strength of the latter. Though cross-border e-commerce platforms introduced various discounts and promotions in the week leading up to Black Friday, most of them failed […]
As eBay starts imports to China, can it beat the competition?
eBay is well-known in China as a platform for exporters seeking to sell Chinese-manufactured goods abroad, but it’s easy to overlook the fact that it has another “hidden” role as an importer.
China short-video platform users overview Q3 2017; MAU reached 244M
The monthly active users of short-video platforms in China continued to grow in Q3 2017 and exceeded 244 million in September 2017. The number of daily active users is about to reach 86 million. MAUs of short-video platforms for content recommendations exceeded 72 million in September 2017. The number of daily app launch times of […]
Top 10 iOS app publishers in China in Nov 2017, led by Tencent, NetEase
NetEase rose to the second place right after Tencent in November 2017 by total number of iOS app downloads with two mobile games, Knives Out and Rules of Survival according to App Annie.
China online luxury consumption trends
Deloitte released the “2017 China Whitepaper on Luxury Consumption online”, hoping to answer two questions: Who are the consumers buying luxury goods in China, and what are their consumption habits?
Meet Shanghai’s new consumers 2017
23-28-year-olds with independent incomes in Shanghai are increasing in both number and purchasing power, gradually realizing their potential as China’s first consumption-oriented generation according to a joint report by CBNData and BoC Shanghai Branch published in October 2017. At the same time, they make up the largest internet user demographic and have very developed mobile […]
China outbound tourism 2017 in review
Figures published by the Chinese Aviation Administration (CAA) have made it clear that the rate of growth in international departures from Chinese airports has dropped off precipitously in 2017. On the upside, the broader economic downturn has reduced the intensity of competition in the industry and prompted travel companies to optimize their internal operations, meaning […]
Tencent quietly launched WeChat Boutique Stores
WeChat boutique stores don’t have a direct entry path from the main menu and are triggered to display after the brand terms are searched.