China online gaming market reached RMB 41.6 billion (US$6.24 billion) in Q2 2016, an increase of 24.2% YoY or 0.9% QoQ.
Tmall Global shoppers’ favorite: the U.S., Japan, Germany
China cross-border e-commerce total transactions reached RMB 751.2 billion in 2015, an increase of 69% YoY according to Alibaba.
China mother and baby care market to reach $465 mn by 2018
The number of China’s newborn babies keeps a steady growth in recent years and is estimated to reach 18.08 million by 2018 according to data from China’s National Bureau of Statistics.
China online shopping market overview for Q2 2016
China’s online shopping market transactions totaled RMB 1,117.8 billion (USD 167.51 billion) in the second quarter of 2016 with a growth rate of 27.6% YoY or 14.9% QoQ according to iResearch.
Social accounts for only 8% of China digital advertising revenue in 2016
With a cumulated amount of US$22.8 billion in 2016, the US, China and Europe cover 86% of the global social media advertising market.
Shifting demographics leading the changes of retail in China
Chinese millennial shoppers are shifting toward an emphasis on life experiences, convenience, and a healthier lifestyle according to a PwC report on China’s retail and consumer products sector.
China outbound tourism market slowed down in H1 2016
The number of person trips totaled 2.236 billion in the first half of 2016 with an increase of 10.5% YoY according to China’s National Tourism Administration.
China SME B2B e-commerce market overview Q2 2016
Total revenues of China’s SME B2B e-commerce market reached RMB 5.79 billion (USD 870 million) in Q2 2016, an increase of 14.4% YoY or 6.8% QoQ according to iResearch.
China online travel market overview Q2 2016
The total transactions of China’s online travel market exceeded RMB 143 billion (USD 21.4 billion) in Q2 2016, an increase of 31.3% YoY or 8.9% QoQ according to iResearch data.
Alipay to charge service fee from Oct 2016
Alipay will start to charge service fee for cash withdrawal (balance transfer from Alipay account to bank deposit accounts) from 12 October 2016 as it announced earlier today.
More than 6 out of 10 China internet users pay by mobile
China’s mobile payment ecological environment has become more mature; mobile payment penetration rate among China internet users reached 64.7% according to Caohan Ping, deputy general manager of the internet finance department in Bank of China, at a finance forum last week.
Over 60% China smartphone users not buying iPhone 7
Over 60% China smartphone users would not buy iPhone 7 according to a survey by Penguin Intelligence (part of Tencent).
Next trip for Chinese outbound travelers: safety, sightseeing, dining, visa, currency
On average Chinese outbound travelers spent 17% less per day in a twelve-month period than the previous year – from RMB3,324 (US$508) to RMB2,849 (US$436) according to a survey from Hotels.com.
China’s consumer economy is expected to expand by about half by 2020
China’s consumer economy is expected to expand by about half, to $6.5 trillion by 2020 according to Boston Consulting Group.
China smartphone users: iPhone vs Android
25% of China smartphone users use the iOS operating system in 2016, a slight growth compared to the past year which was 21%.