Online banking in China has suffered badly at the hands of online and mobile payment providers over the past few years. In the second quarter of this year, transaction volumes fell for the first time ever.
China online payment market overview Q2 2017
Internet and mobile payment services have spread like wildfire in China over the last two years, filling the gap which existed in the formerly cash-dominant society for the safe and secure transfer of money and electronic payments. China has only a very limited credit and debit card infrastructure, offering an opening for mobile payments unseen […]
Powers of luxury goods 2017: China vs. Global
US dollar-adjusted prices for equivalent items are on average over 50 percent higher in China than in Italy and France.The price difference can vary widely across countries, eg. between China and France. Both Mainland China and Hong Kong experiences a slowdown in luxury goods spending continually, with economic uncertainty dampening consumer confidence. Background on Luxury […]
INSIGHTS Chinese fashion KOL pivot from marketing to direct sales
China’s fashion bloggers maximize their business value – from sashaying down the fashion walkways as models, designing their own clothing line, acting as brand ambassadors and now to even doing direct sales of luxury goods. Besides engaging influencers (commonly known as KOL) as brand ambassadors or design collaborations, luxury brands now can sell their bags […]
China search engine Sogou revenues up 55% in Q3 2017
Sogou, one of the top Chinese search engines, revenues reached US$257 million in Q3 2017, up 55% year-over-year and 22% quarter-over-quarter.
China B2B e-commerce market overview 2017
E-commerce in China has assumed a more prominent role within the country’s economy than is the norm in Western countries; it controls a much larger portion of consumer spending than in the United States or Europe and accounts for a larger portion of GDP. It has also entered into the B2B sector in force in […]
E-commerce sales of fresh food in China to reach US$25 bn in 2017
China’s E-Commerce Research Center recently released a report entitled “The E-Commerce Market in China in 2017”. Among the e-commerce sectors considered was the market for fresh food, which reported sales of 85.14 billion yuan (US$12.92 billion) in the first half of 2017 and is anticipated to reach 165 billion yuan (US$25.0 billion) in total sales […]
China’s online shoppers grew to 500M in 2017 in 5 years
Transactions on China’s e-commerce sites have increased from 8.1 trillion yuan (US$1.23 trillion) to 26.1 trillion yuan (US$3.97 trillion) over the last five years with an average annual growth rate of 34% according to data released by MOFCOM.
Top 10 Performing Chinese Cities in 2017
Chengdu, Chongqing, Guiyang, Shenzhen, and Nanjing rank on top of the Milken Institute’s Best-Performing Cities (BPC) China’s top 10 performing cities list (tier-1 and tier-2 cities) while Nantong, Bengbu, and Foshan are the top 3 in the tier-3 cities group.
Top selling brands on Taobao / Tmall in Sep 2017
Check out the top selling brands on Taobao/Tmall in September 2017 based on the transaction index from Alibaba across 10 categories including home applicance, snacks, skincare, apparel, smartphones, and etc. … Already subscribed? Sign in. Don’t Miss Out. Invest with as little as one bottle of water per week. Join other top analysts and business […]
China social media advertising and marketing market Q2 2017
China social media advertising and marketing market reached 7.62 billion yuan (US$1.15 billion) in Q2 2017 with an increase of 13.2% QoQ or 40.6% YoY.
China National Day (Golden Week) Tourism 2017
Southeast Asia received the most Chinese tourists during this year’s National Day holiday according to a recent report by WeChat.
China eyeglasses market overview 2017
The optimal market situation in China China is not only the world’s leading producer of spectacles, but also the world’s largest consumer of spectacles. Consumer groups in China include people of all ages, from children to elderly. According to Euromonitor estimates in 2015, China’s optical market’s retail sales increased by about 10%, reaching nearly 67.9 billion […]
REPORT E-economy: China vs. the U.S.
China, in just a few years, has made the leap from a nearly unwired country to one of the most wired on earth. This incredible transformation has resulted in one of the most internet-driven economies, and because of China’s sheer size, its e-finance and e-commerce companies are among the world’s largest. Users and economic activity […]
Chinese consumer habits in smartphone purchases 2017
Chinese consumers were once notorious for changing and upgrading their mobile phones at a furious pace. In recent years, however, this trend has begun into change, driven by increasing quality in phones and by increasing prosperity, with fewer consumers viewing smaller purchases such as smartphones as signals of status. Upgrade frequency is falling In 2017, the proportion […]