China post-80s spent an average of 120,000 yuan(US$17,330) online in 2016; and, mobile payment accounted for 92% among China post-90s consumers.
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Top WeChat stats and trends 2017
WeChat unveiled “WeChat Data Report” at the 2017 WeChat Workshop Pro Edition event in China. Let’s take a look at some WeChat data.
Tmall Global cross-border products grew by 50% in 2016
Alibaba’s cross-border e-commerce platform Tmall Global product categories grow by 50% to 3,700 in 2016, with more than 14,500 international brands from 63 countries and regions.
Top categories on China Singles Day promotion 2016: apparel, food
Tmall GMV on Singles Day (Double 11) in 2016 reached 120.7 billion yuan (US$17.79 bn) with an increase of 32% YoY, covering 235 countries; mobile accounted for 81.87%. Find out the top selling product categories.
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’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.
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 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.
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.
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.
Baidu picked as the second smartest company in 2016
MIT Technology Review lists Baidu as the second smartest company after Amazon in the world.
China cross-border consumers to account for over half of total digital consumers by 2020
As 40% china online consumers buy foreign goods, cross-border e-commerce in China will hit $85.76 billion this year according to the analysis of eMarketer.
China B2B platforms attracted 7 times more investment in 2015
China B2B e-commerce market reached 5.48 billion yuan in Q1 2015 and 6.39 billion yuan in Q4 2015 according to Analysis.
Monthly active users of WeChat reached 762m in Q1 2016
Monthly active users (“MAUs”) of WeChat, including Chinese version Weixin, reached 762 million in Q1 2016 according to the latest Tencent financial results.
China O2O Commerce Insights 2015
Offline merchants hoped to get more consumers and profits by accessing to the O2O platforms in China in 2015. Tier-3 and tier-4 cities have been a new expanding regions for the O2O platforms. Meituan maintained a prominent position in the less developed cities.