In 2015, Chinese online gaming market is expected to reach $22.2 billion (about 142 billion yuan), and officially surpass the U.S. as the world’s largest online gaming market according to data of TalkingData and Newzoo. Mobile gaming revenue of China in 2015 is estimated to reach $6.5 billion (about 41.6 billion yuan), surpassing Japan and […]
China Annual Cross-border Consumption in 2015
Under the great efforts of the government, China’s cross-border consumption would enter a period of rapid development. The cross-border e-commerce would double the growth targets in the next three years, according to the annual cross-border consumption index report released by Xinhua News Agency and Visa.
China Travel Market Reached 127 Million in H1 2015
In H1 2015, the total number of outbound and inbound tourists in China reached 127 million, with an increase of 9.8% year over year according to China Tourism Academy. The number of inbound tourists reached 65.1 million, with a YoY increase of 4.5%, which exceeded outbound tourism (61.9 million visitors) by 3.2 million. After several years […]
Alibaba Investing 1 Bln Yuan in Tmall Supermarket
Recently, Alibaba announced that it would launch Tmall Supermarket across China in several stages. It would invest 1 billion yuan (US$160.78 million) targeting consumers in Beijing in the first phase.
China E-Payment Insights 2015
iResearch released a report on Chinese electronic payment users in 2015, which shows data of China e-payment and its users.
China Online Accommodation Booking Market in Q2 2015
In Q2 2015, China’s online accommodations booking market reached 19.52 billion yuan (US$3.09 billion), with an increase of 15.9% QoQ and 63.5% YoY.
Alibaba to Invest $4.6 Billion In Electronics Retailer Suning
Alibaba and Suning Commerce Group Limited announced that they have entered into strategic alliance at 4pm (GMT+8) yesterday afternoon.
China the Largest Inbound Tourism Market for Japan H1 2015
With the rising living status, more and more Chinese would like to spend their vacation in foreign countries. In 2014, over 100 million Chinese travelled abroad. Japan, South Korea, the United States and some European countries are popular tourism destinations. According to data from Japan National Tourism Organization, China became the largest country of Japan’s […]
China Mobile Gaming Market in H1 2015
In H1 2015, the total transaction revenue of China’s gaming market reached 60.51 billion yuan (US$9.73 billion), an increase of 21.9% compared with the same period of last year. The transaction revenue of self-developed online gaming market reached 45.83 billion yuan (US$ 7.37 billion), accounting for 75.7%; and the overseas market revenue was US$1.76 billion, […]
China’s Search Engine Market Overview in Q2 2015
China’s search engine market in Q2 2015 reached 19.22 billion yuan (US$3.09 billion), with an increase of 25.9% QoQ and 36.9% YoY according to Analysis Research.
Tmall Will Launch the Global Duty-free Shop Project in China
Tmall Global announced on July 28th that it would launch the duty-free shop project in China partnering with Shilla Group and King Power, who are the largest duty-free groups in South Korea and Thailand respectively. The strategic cooperation of the three parties is an innovative model of cross-border e-commerce, and the new shopping model could […]
China’s Mobile Car Calling Market from 2014 to 2015
Kuaidi and Didi mobile car calling apps still rank first in China’s car calling market by usage rate according to iiMedia Research. Carpooling will become the next focus of competitions in China’s car calling market.
Uber China Valued Over $6 Billion in July 2015
According to Leiphone.com, Uber China recently launched a second round of financing; the company’s valuation is between US$6 billion and US$7 billion in July 2015.
Over 100 Million Chinese Travelled Abroad in 2014
Recently Hotels.cn released the fourth ” Survey on Chinese tourists traveling abroad in 2015″, which reveals that the sustained and steady growing China’s overseas travel market has brought enormous business opportunities to the global tourism and hotels. In 2014, the number of Chinese traveled abroad exceeded for the first time 107 million, with an increase […]
China Online Retail Exceeded $265B in H1 2015
In H1 2015, China online retail market reached RMB 1645.9 billion (USD 265.126 billion) with a YoY growth of 39.1%. According to data of China National Bureau of Statistics, the total retail value of social consumer goods accounted for RMB 14157.7 billion (USD 2280.557 billion) in H1 2015, with an increase of 10.4% (10.5% if […]