By the end of August 2014, the total number of mobile subscribers in China reached 1.27 billion, 480 million of which are 3G users and 30 million are 4G users according to China Ministry of Industry and Information Technology (MIIT).
Another report in July 2014 from MIIT shows, the number of 4G subscribers in China had exceeded 13.97 million by end June 2014. Within two months, it already exceeded 30 million. China will overtake USA as the number one LTE market in terms of LTE smartphone sales in the second half of 2014, according to Counterpoint Research.
The number of internet broadband users reached 198 million with 641 million internet users at the end of August 2014, reports MIIT. Total market cap of public listed internet companies exceeded 2.58 trillion yuan.
China’s information consumption market reached 1.34 trillion yuan in the first half 2014, an increase of 20% YoY. E-commerce transactions reached 6.4 trillion yuan, an increase of 26.7%.
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