There are about 2.7 million HNWIs (High Net Worth Individuals) in China each of whose assets totals over $0.95 million. And, the number of ultra high net worth individuals (UHNWIs), each with personal assets worth over $15.8 million, reached 63,500.
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China Mobile Search User Behaviors in H1 2014
Total number of China mobile search users exceeded 467 million in H1 2014 according to iiMedia Research. It is believed that user growth rate is slowing down since mobile penetration rate is reaching a ceiling.
China Top 4 Online Payment Mobile Apps
Alipay’s mobile app exceeded 61.339 million MAUs in August 2014 in China according to EnfoDesk, remaining the most popular mobile payment app, followed by that of Bestpay, Tenpay and Lakala. In comparison, the top three online payment providers in the first quarter of 2014 were Alipay, Tenpay and Unionpay by total mobile transactions who together represented over […]
China Top 10 Jewelery Brands on Taobao/Tmall
China top three jewelry brands by total transaction value on Taobao/ Tmall were Chow Tai Fook, Chow Sang Sang and Milai according to data from Taobao Mofang.
China Mobile Online Gaming Market in Q2 2014
China mobile online gaming users exceeded 321.8 million in Q2 2014 with an increase of 6.4% from prior quarter according to data of GPC IDC and CNG.
Facebook Launched Official Weibo Account in China
Deputy general manager of Weibo Zenghui Cao confirmed a Weibo account to be from Facebook today though it’s not a verified enterprise Weibo account:
Taobao Sold 1002 Tons of Laundry Detergent in 3 Days
Taobao just sold 1,002 tons of laundry detergent over the 3-day period ended on 31 August 2014 according to Taobao’s official Weibo account.
Youku Tudou Loss Continued Reaching Over 500M Users in Q2 2014
Youku Tudou net revenues were RMB958.7 million (US$154.5 million), a 27% increase from the corresponding period in 2013. They derive a part of our revenues from mobile value-added services through partnership agreements with third party mobile network operators and shares the fees collected by the mobile network operators for such services.
China Online B2B E-commerce Market Overview in Q2 2014
China B2B e-commerce market revenue has exceeded RMB4.53 billion (US$740 million), an increase of 6.1% from the prior quarter in the same year and by 57.29% from prior year period according to the latest data from Enfodesk.
Amazon China to Deliver Global Products Directly to Chinese Consumers via Shanghai’s Free-Trade Zone
Amazon China announced a tripartite memorandum of understanding with China (Shanghai) Free Trade Zone (FTZ) and Shanghai Information Investment Co., Ltd.
China Mobile Shopping Market Exceeded $27B in Q2 2014, 26.8% of Total Online Shopping Transactions
China mobile shopping market total transactions reached RMB168.39 billion (US$27.3 billion) in the second quarter of 2014, representing 26.8% of total online shopping transactions in the same period in China, an increase of 24.6% compared with the first quarter.
China E-commerce Total Transactions Reached $460B in Q2 2014
China e-commerce total transactions reached RMB2.83 trillion (US$460 billion) in the second quarter this year, a QoQ growth rate of 7.1% and YoY growth rate of 19.9%.
China OTA Market Transactions Close to $10 Billion in Q2 2014
China online travel OTA market transactions reached RMB61.41 billion (US$9.94 billion) with a YoY growth rate of 17.1%; total revenue reached RMB 3.24 billion (US$520 million), a YoY increase of 19%.
Taobao & Yu’E Bao Offers Money-making “Tour Packages”
Alipay Yu’e Bao and Taobao Trip launched Lvyou Bao, or “travel treasure”, a travel product with investment benefit. How it works: Consumers pay for travel service on Taobao with Yu’e Bao after which the paid money is not in fact spent but “frozen” until consumers confirm the travel service. During the “frozen” period, consumers can […]
2014 Industry Report: Ecommerce Takes China by Storm
Over 600 million internet users and an annual ecommerce revenue growth rate of 120%, makes China the fastest growing and soon-to-be the largest ecommerce market in the world.