WeChat now has 468 million monthly active users and it’s ranked the top mobile app in China. In July 2014, total number of Wechat official accounts were over 5.8 million and it is still growing with an average monthly increase of 15,000.
Qihoo 360 Revenues Doubled, 495M MAUs in Q3 2014
Qihoo 360 Technology reported revenues of $376.4 million, a 100.3% increase from $187.9 million in the third quarter of 2013.
Mobile QQ Launched WeChat Similar Service Account
WeChat official account has been launched for over two years, which has attracted businesses and individuals to the platform. QQ, being quiet connecting businesses and individual users, launched their “Lifestyle Service Account” in November 2014.
China 4G Mobile Phone Sales Expected to Reach 100M in 2014
GfK China estimates that China 4G mobile phones retail sales volume is expected to exceed 100 million in 2014.
China Mobile Internet Market in Q3 2014
In Q3 2014, total transaction value of China mobile Internet market was RMB51.56 billion ($8.39 billion) with increase of 11% quarter on quarter and 93.4% year on year according to data from iResearch.
China Mobile Security Market in Q3 2014
In Q3 2014, the number of total active users in China mobile security market was 274 million. Top 3 mobile security apps in China were 360 mobile safeguard, Tencent mobile manager and Baidu mobile safeguard with active user coverage of 50.9%, 40.9% and 23.5% respectively in Q3 2014
China Mobile Games and Ent Group Revenue More Than Tripled YoY in Q3 2014
China Mobile Games and Entertainment Group (“CMGE”) reported revenue of RMB357.6 million (US$58.3 million), compared with RMB98.1 million in Q3 2013 andRMB274.6 million in Q2 2014. Revenues were 264.5% higher year-over-year and 30.2% higher quarter-over-quarter.
Online Community Will be More Powerful in China Social Media
In August 2014, total users reach in China social media service on desktop were 470 million with an increase of 10.7% YoY and 0.8% QoQ. Social media service users accounted for 92.6% of total China Internet users in August 2014 according to data from iResearch.
eLong Revenue Doubled, 100M Mobile App Downloads in Q3 2014
eLong revenue by product for Q3 2014 was 323.5 million yuan, an increase of 100% QoQ and 2% YoY according to its unaudited financial results. Hotel room nights stayed in the third quarter increased 22% to 9.4 million room nights compared to 7.7 million in the prior year period. Hotel commission revenue for the third quarter […]
China Online Video Market in Q3 2014
In Q3 2014, China online video market reached RMB6.82 billion (US$1.11 billion) with increase of 9.3% from prior quarter and 83.2% year on year according to data from iResearch.
GOME Records RMB 1.018B Net Profit For First Three Quarters of 2014
GOME sales revenue in the first three quarters of 2014 was RMB44.645 billion, up 7.2% year-on-year and the sales growth of its comparable stores was up 6.0%.
Netease Finance Results for Q3 2014
Netease total revenues for the third quarter of 2014 were RMB3,325.9 million (US$541.9 million), compared to RMB2,951.9 million and RMB2,514.3 million for the preceding quarter and the third quarter of 2013, respectively.
Insights of China Mobile Payment (Wechat, Alipay) Users
Mobile payment is growing more and more popular as mobile internet and e-commerce developed, but mobile users needed to be guided and their mobile habits needed to be cultivated. Alipay, the largest mobile payment platform in the world, and Wechat payment are now most popular among China mobile payment users.
Tencent QQ MAUs 820M, Wechat MAUs 468M in Q3 2014
Tencent’s total revenues were RMB19,808 million (USD3,220 million) in Q3 2014, an increase of 28% YoY. Profit for the period was RMB5,676 million (USD923 million), an increase of 46% YoY.
China Mobile Gaming Market to Reach 2 Bln Yuan in 2014
As of June 2014, the usage rate of mobile games in China was 47.8% with an increase of 4.7%. Mobile gaming is becoming a habit for many China mobile users’ daily life.