Momo, one of the top mobile social networking app in China, had Monthly Active Users (“MAU”) of 77.4 million in September 2016, compared to 73.0 million in September 2015 according to its unaudited financial results.
Tmall Double 11 (Singles’ Day) Insights 2016
Double 11 (11 Nov; also called Singles’ Day) is China’s largest online shopping festival in China. At 12pm today, Tmall Double 11 sales had reached RMB 80.7 billion (USD 11.85 billion).
China private consumption share of overall economy to reach 50% in 2030
The Economist Intelligence Unit (“EIU”) expects private consumption in China will grow in real terms by 5.5% a year on average in 2016-30 – boosting its share of the overall economy to nearly 50%.
China’s mobile search market overview Q3 2016
The number of mobile search users in China reached 628 million in Q3 2016, an increase of 1.29% QoQ according to iiMedia Research.
China programmatic ad spend to reach $11 billion in 2016
Programmatic digital display ads spending in China will grow by 70% in 2016 to USD 11.05 billion according to eMarketer.
China’s ultra high net worth individuals grown to 1.34 million in 2016
The number of ultra high net worth individuals (UHNWI) in China reached 1.34 million, an additional 130,000 compared to 2015 as of May 2016 according to Hurun Research.
China’s mobile internet market overview for Q2 2016
China’s mobile internet market reached RMB 197.22 billion (USD 29 billion) in Q2 2016, an increase of 113% YoY or 22.7% QoQ according to iResearch.
Alibaba rebranded OTA platform Fliggy has over 200m members
Alibaba announced an upgrade to its OTA platform Alitrip and renamed it to Fliggy (or “Fei Zhu”, flying pig) positioned as a leisure travel brand targeting the young travelers.
Baidu launched a new analytics product for off-line stores
Baidu Tongji, or Baidu Statistics, announced an additional product “Store Statistics” for offline retail stores.
Nearly 60% of Chinese used mobile in-store to check prices
Nearly 60% of Chinese respondents said they used their mobile devices in-store to check and compare prices according to a study by JDA and Centiro.
China DSP market to reach $7 billion in 2018
China DSP market is estimated to reach RMB 23.5 billion (USD 3.47 billion) in 2016 according to iiMedia Research. And, mobile DSP market is to reach RMB 13 billion (USD 1.92 billion).
China online FMCG has grown by 47% in Jun 2016
China online FMCG has grown by 47% in a 12-month period ended in June 2016 according to Kantar Worldpanel.
China surpassed the U.S. as the largest iOS App Store market
China has surpassed the United States as the largest market in the world for iOS App Store revenue earning over $1.7 billion in Q3 2016 according to App Annie.
Android Pay launched in Hong Kong
Google launched Android Pay yesterday in Hong Kong to speed through purchases in stores and in apps.
China online payment overview for Q2 2016
China Third-party online payment market had a total transaction value of RMB 4.65 trillion in Q2 2016, with an increase of 6.5% QoQ according to Analysis.