Recently, MIIT released a report on the telecommunications industry in China from January to May 2014. It shows that the total number of mobile internet users have reached 857 million which accounts for 68.2% of total mobile phone users (1.256 billion). Influenced by smartphone adoptions, the monthly average SMS sent has dropped to 40 per […]
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360 Partners with Weibo for We Media Platform
Last week, Weibo announced premium publisher program called WeMedia to encourage more unique and quality content creation on Weibo. We just found that Qihoo 360’s Wemedia platform is now fully integrated with Weibo WeMedia, who previously also pulls content from Wechat.
Top 10 Strategic Technology Trends in China
A new report from research and advisory firm Gartner identifies the top 10 strategic technology trends that CIOs in China should consider in order to pursue business growth and remain competitive throughout the digital era. The top 10 technology trends highlight the current state of technology adoption in China, as well as the maturity and […]
China’s Top Mobile Social Apps by Time Usage
Wechat is the number one social mobile app in China in terms of effective usage time, followed by Sina Weibo, Qzone, Baidu Tieba and Renren app according to iResearch data in April 2014.
Top 10 Internet Companies by Ad Revenue in Q1 2014
China’s online advertising market in the first quarter of 2014 reached 29.53 billion yuan (about USD 4.7 billion), down 14.3% from the previous quarter but up 53.1% compared to the same period in the previous year, according to iResearch.
The Art of Social E-Commerce That Xiaomi Taught Us
1.3 million smartphones, nearly 4.8 million pieces of accessories, all sold out in 12 hours. At 22:00 on 8th April 2014, Xiaomi’s total transaction amount in the latest round of “Mi Fan Festival” came to a halt at 1.5 billion yuan (USD 243.35 million), setting a new domestic record for single-day transaction amount in independent […]
Top 4 Trending in Chinese E-Commerce Market
The Chinese e-commerce market have seen a sharp rise in both B2C and C2C channels in the recent years. Rapid development in online shopping platforms, social media, online payment and mobile devices is not only driving the market to a boom, but also revolutionizing consumer experience and business marketing methods. Here are the four major […]
Is Alibaba’s Evaluation Too High?
Word said that Alibaba’s evaluation grew 9.8% because of the Q4 good financial performance in 2013. According to Bloomberg’s data, Alibaba’s evaluation reached $168 billion, in that way, Alibaba would surpass Amazon’s market value. Carlos Kirjner, Sanford Bernstein’s analyst, claimed that Alibaba’s evaluation was too conservative and suggested to increase Alibaba Group’s evaluation to $245 billion.
China Digital Marketing Report in 2014
Hylink Digital Marketing Research (HDMR) recently published 2014 China Digital Marketing Report, which gives insights on China digital marketing environment and status quo. Hylink invited marketing staff in 30 enterprises to participate in the survey.
Unbelievable: 600K Boxes of Milk Sold Out In One Hour
Chinese online B2C enterprise Yihaodian made a Guinness World Record on March 18 in 2014. At 10 am sharp, “Imported Milk Flash Sale” began, 600,000 boxes of milk in 30 containers sold out in merely 52 mins 25 seconds! It became a new Guinness record of “selling out most milk in the shortest time”.
iiMedia Research: China Social Sharing Report in 2013
According to iiMedia Research, the mobile sharing proportion of WeChat Friends, WeChat Moment and Sina Weibo was 25.6%, 23.4% and 19.2% respectively. The sharing proportion of these top 3 sharing platforms totaled over 60%. While foreign social sharing platform Facebook only took up 1.0%. iiMedia data suggested that WeChat had become the first choice of […]
Kuaidi Taxi APP Released Its Q1 Financial Performance
Right after Didi Taxi released its data on Wechat Official Account, Kuaidi announced its first quarter financial performance on March 2, 2014. By March 31 in 2014, Kuaidi Taxi had covered 261 cities including all the provincial capitals, with 650% QoQ growth rate. The number of daily transaction reached 6.23 million, 20.7 times of one […]
How A Chinese Taxi-Hailing App Reached 100 Million Users in 77 Days
Didi Taxi, a popular Chinese taxi-hailing mobile app backed by Tencent, released its data on Wechat Official Account (didi-taxi) on March 31, 2014. By March 27, the bonus for Didi Taxi app hit 1.4 billion yuan (USD 226.81 million), and its registered users increased to 100 million.
Tencent Financial Performance 2013 Overview
Tencent recently released unaudited comprehensive performance of Q4 by December 31, and audited 2013 annual performance. In Q4, Tencent gross revenue reached 16.97 billion Yuan (USD 2.783 billion), with a 9% QoQ growth and a 40% YoY growth.
Weibo Files for IPO on Nasdaq, Under the Ticker “WB”
On April 1 2014, Sina Weibo renewed its prospectus and announced that Weibo will be listed on Nasdaq as “WB”. On March 15 in 2014, Sina Weibo submitted Form-1 to Securities and Exchange Commission for financing USD 500 million, half of which will be used to pay off debt and the other half will invest […]