For the second quarter of 2017, Weibo reported net revenues of $253.4 million and 361 million monthly active users.
Hong Kong inbound tourism overview for H1 2017
The Hong Kong Tourist Board (HKTB) announced on July 31st that the total number of visitors arriving in Hong Kong in June was over 4.2 million, down 1.9% from a year earlier.
China’s mobile social app users insights 2017
With rapid improvement in China’s mobile internet access, social apps have become an ever-more indispensable part of users’ lives. Many Internet-related enterprises have entered into this field, facing the ever-changing needs and habits of users and in the process greatly impacting the development of social software and apps. The following is an overview of the […]
All online payments to go through a network platform in China by mid 2018
“Direct model” payments on online and mobile payment platforms will be replaced by a “network model” operated through the People’s Bank of China (PBOC) network platform, with all direct payments to cease by June 30, 2018, according to a new notice promulgated on August 4th.
E-commerce development in China’s rural areas in H1 2017
Online retail sales in China’s rural areas in H1 2017 achieved 537.62 billion yuan (US$79.9 billion), including 328.64 billion yuan (US$48.8 billion) for service retail sales and 208.98 billion yuan(US$31.1 billion ) for physical goods retail sales.
China search engine market overview Q2 2017
China’s search engine market totaled 23.57 billion yuan (US$3.47 billion) in Q2 2017 with an increase of 25.6% QoQ or 12.2% YoY according to Analysis. Baidu has 77.2% market share in China’s search engines market by total revenues, followed by Google China (9.66%) and Sogou (8.69%).
Top 10 favorite cities by Chinese in 2017
Shanghai is the most popular city among Chinese, followed by New York, according to an Ipsos survey. Check out the top 10.
KOL marketing rising in China’s luxury fashion industry
With the engagement of Internet celebrities and key opinion leaderships (KOLs), a new way has been paved in luxury brand marketing in China. Other than inviting online celebrities and KOLs to endorse the products and sometimes collaborating with them to produce new designer items, luxury brand companies have also started to sell their designer products […]
Zhejiang online retail market overview in H1 2017
Online retail sales in Zhejiang province, where Alibaba’s HQ is located, reached 535.1 billion yuan (US$79.3 billion) in the first half of 2017. Exports sold online to other provinces reached 20.3 billion yuan (US$3.0 billion) led by Jinhua and Hangzhou city. Apparel, shoes, and bags category is the top selling product category.
China’s mobile reading market forecast 2017-2019
As of the end of 2016, China’s mobile reading market reached 11.86 billion yuan and is estimated to grow to over 20 billion yuan in 2019. Zhangyue iReader and Tencent’s QQ Reader dominate China’s mobile reading apps market.
Shanghai export growth has reached a new high of 18.7% in H1 2017
In the first half of 2017, Shanghai’s export growth has shown an increase of 18.7%. Ever since 2012, it’s the first time that Shanghai showed a double-digit growth.
Amazon China sales grew by 300% on Prime Members’ Day
Amazon announced the results of China’s first Prime Day recently. Total number of orders on July 11 exceeded those on last year’s “black Friday.” Amazon China and Amazon overseas purchases and sales grew by almost 300% over last year, and the number of newly registered Prime users grew 60% over last year’s “Black Friday.”
China cross-border retail e-commerce to exceed US$110B in 2017
Cross-border retail e-commerce in Xiamen, a sub-provincial city in southeastern Fujian, China, beside the Taiwan Strait, is growing rapidly at Xiamen Free Trade Zone in the first half year of 2017. The imported parcels (including personal express, cross-border direct purchase products) grew to 1.08 million pieces worth 180 million yuan in the first six months of 2017 […]
Mobile social content sharing insights in China
The proportion of lifestyle content sharing from mobile apps in China kept increasing in the twelve months ending in March 2017 while games and shopping categories shrank. WeChat is the top channel of mobile sharing in China. The number of sharing to WeChat friends (chats) exceeded that of WeChat Moments (social networking section on WeChat) […]
Starbucks promoting group sharing WeChat Gift Cards
Starbucks’ updated WeChat app encourages users to share smaller gift cards in WeChat group chats, instead of just one-on-one. Does the thought of gifting Starbucks in a group chat scare you? No need to worry, because there’s a new series of small 3 and 4 yuan coupons out. Remember the beginning of 2017, when everyone […]