Apple App Store is the top mobile app store by total downloads in China in March 2017 while BAT lead the Android App Store market. And, Tencent owns the top 3 mobile apps.
Alipay’s internet fund Yu’E Bao exceeds 1 trillion yuan in Q1 2017
Yu’E Bao grows by over 40% QoQ in the first quarter of 2017 and totals 1.14 trillion yuan (US$170 bn).
China smartphone market insights for Q1 2017
iPhone has the highest retention rate (18.6%) in Q1 2017, followed by Huawei (13.4%). However, Huawei is the top smartphone brand in China by sales (19.2%) in the first quarter of 2017, followed by OPPO (18.7%).
China GDP grew faster than expected in Q1 2017
The gross domestic product (GDP) of China was 18,068.3 billion yuan (US$2,626.81 billion) in the first quarter of 2017, a year-on-year increase of 6.9% at comparable prices according to the preliminary estimates of National Bureau of Statistics of China.
China bike sharing market insights
China bike sharing market is estimated to reach US$1.5 billion (+735.8%) and 209 million users in 2017. Ofo, Mobike, and Ubike are the top brands in the market with the highest brand awareness while Baicyle is also in the top 3 by user satisfation after Ofo and Mobike.