The price war of ticket and hotel booking is eroding the profit of OTAs (online travel agents) in China. The growing outbound travel market has become their new battlefield. According to National Business Daily, American hotel booking website Hotels.com announced a new Chinese website name called “Hao Ding Wang” on March 5 in 2014, focusing on […]
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China B2B Market Overview for 2013
According to report released by EnfoDesk, China B2B market GMV reached 7.1 trillion Yuan (USD 1.16 trillion) in 2013, with a 19.7% YoY growth. The market revenue was 16.98 billion Yuan (USD 2.76 billion), increasing 25.1% compared to last year. EnfoDesk regarded 2013 as the first year of a new growth cycle of China B2B […]
EnfoDesk: China B2C Market Hit 763.71 Billion Yuan in 2013
According to report released by EnfoDesk, China B2C market GMV reach 194.65 billion Yuan (USD 31.65 billion) with 20% QoQ growth in Q4 2013. Annual GMV of China B2C market hit 763.71 billion Yuan (USD 124.18 billion), and the YoY growth fell slightly to 59.4%.
100M Mobile Payments in 7 Days, Alipay Triumphed Through Spring Festival
During 2014 Spring Festival,over 100 million payments were made via mobile Alipay, accounted for 52% of overall payments by Alipay in this period, according to the data from Alipay Wallet (the mobile client of Alipay).
China Mobile Shopping Market Snapshot in 2013
China mobile shopping market reached 167.64 billion yuan (USD 27.459 billion) in 2013, with 165.4% YoY growth. The market kept increasing rapidly under the circumstance of a better network coverage system and higher mobile terminal penetration. In the same period, the size of online shopping by PC is nearly 1600 billion yuan (USD 262.08 billion), with a […]
The Story of the Rise of Tencent Empire
QQ, one of the most successful and essential product of Tencent, has an adorable penguin to be its logo. “Penguin” Empire, 15 years of after its birth, attracted 800 million users globally. Another top-rated “Penguin” Empire product, Wechat, soon accumulated 300 million users in a little more than two years. Wechat gives Tencent more dominance […]
Top 10 Marketing Campaigns in China in 2013
In 2013, competition between Chinese brands were extremely fierce. Some brands provoked the war, some were forced to confront. As for old enemies like Wang Lao Ji and Jia Duo Bao, they already got used to combating with each other. Social media rose to be important battle fields in recent years.
Registered Taobao Stores in China’s Rural Areas Up 76.3%
Taobao and AliResearch released Taobao Village Report 2.0 on December 27, 2013. By the end of November 30 2013, Taobao (including Tmall ) registered online stores located in China rural areas increased 24.9%, and the number in villages and towns rose 76.3% compared to the end of 2012.
Insights on China’s Top Search Terms in 2013
What did Chinese search for in 2013? As the dominant search engine in China, Baidu’s search data will no doubt shed some light on China’s culture, top events and user behaviors; and, based on top search terms in selected categories from Baidu, this post aims to provide you some insights.
Top Shopping Keywords on Taobao in 2013
Taobao published top searched keywords on Taobao recently. The information could be helpful to marketers and decision makers understanding Chinese consumers’ shopping habit.
Amazon Ready to Launch AWS in Chinese Market
Sina tech news released on December 18 2013, that Amazon Web Service (AWS) achieved strategic cooperation with cloud valley belonged to China Broadband Capital (CBC). AWS finally was ready to launch AWS in Chinese market.
Is Tencent’s Wechat Killing its Own QQ?
In the eyes of Tencent CEO Pony Ma, Wechat was opening a new way for Tencent. However, the real problem for Wechat was that in order to achieve, it would have to kill QQ. And this was happening.
WeChat Payment and Alipayment Wallet Strike
These days the smoke of the war between Alibaba and Tencent was very thick. Wechat payment was regarded as the last key element to O2O. In fact, from the insiders’ perspective, Alipay has always been the rich handsome guy. Nowadays, Alipay could not stay calm anymore, which illustrated that WeChat payment came with full preparation.
11 Business Models of Chinese Internet Enterprises
Today we’ll share an overview of how China internet enterprises make money via these eleven common business models.
Alipay Yu’E Bao Fund Reached 100 Billion Yuan
Tianhong Asset Management announced on November 14 2013 that Yu’E Bao fund users surpassed 30 million, fund size reached 100 billion yuan (USD 16.32 billion). It was the first Chinese money fund over 100 billion yuan, ranking 51 in the world.