Tencent saw its first decline in profit since Q3 2005. WeChat total MAUs grew about 10% to 1,057.7 million. Overall, both QQ and QZone saw a decrease in their MAUs in this quarter.
Moblie live streaming is flourishing in several verticals in China, especially for the entertainment live streaming with over 60% penetration rate. The entertainment live streaming obtained nearly 89 million active users, up by 8.4% over the last quarter in March 2018. On average, each user opened up 5 times their entertainment live streaming apps and spent 43.8 […]
The transactions of online payment in China totaled exceeded US$3 billion in 2017, with a decrease of 0.5% from 2016. China’s mobile payment had 562 million users in 2017, up by 21.6% over 2016. It is estimated to reach 650 billion users by the end of 2018. The transactions of online payment totaled 20.751 billion yuan […]
As of 30 June 2018, China’s movie box office reached 32.03 billion yuan (US$4.7 bn), increased by roughly 18% compared with 27.19 billion yuan (US$3.99 bn) in H1 2017, according to the State Film Bureau. Movie theatre attendance totaled 900 million, up by 15.3% compared with 780 million in H1 2017. Domestic movie box office […]
In July 2018, the Consumer Price Index (CPI) in China grew by 2.1% year-on-year to 102.1, according to the National Bureau of Statistics of China. Specifically, the CPI grew up by 2.1% in cities, 2.0% in rural areas, 0.5% in food, 2.4% in non-food, 1.8% in consumer goods, and 2.5% in services respectively. On average […]
The transactions of China’s online travel market reached US$32.94 billion in the first quarter of 2018. Ctrip and Qunar combined accounted over half of the whole market, followed by Alibaba affiliated Fliggy. Online transportation remains the major part of the online tourism market, compared with accommodation and vacations. The total transactions of China’s online travel market reached […]
Weibo’s monthly active users (“MAUs”) had a net addition of approximately 70 million users year over year and reached 431 million in June 2018 according to its unaudited financial results for the second quarter ended June 30, 2018. Mobile MAUs represented 93% of MAUs.
The mobile banking apps in China obtained 27.98 million DAUs in Q1 2018, up 12.6% over the previous quarter. ICBC, CCB, and mobile banking of ICBC took the top three places with average DAUs of 6.313 million, 4.342 million, and 4.327 million respectively. While seeing from the number of average daily app launches, ICBC took the […]
The transactions of cross-border e-commerce in China reached US$1.22 trillion in 2017, with an increase of 20% from 2016 (US$1.01 trillion). The transactions of export e-commerce totaled US$0.84 trillion in 2016, up 22.49% from last year, and reached US$0.42 trillion in the first half year of 2017. The transactions of cross-border e-commerce in China is estimated […]
The Fast Retailing Group generated rises in both revenue and profit in the first nine months of fiscal 2018 from 1 September 2017 to 31 May 2018. Consolidated revenue totaled ¥1.7041 trillion Japanese yen (US$15.66 billion), up by 15.3% year-on-year and operating profit reached ¥238.8 billion, increased by 32.3% year-on-year. The profit attributable to owners […]
China devoted almost the same amount of expenditures to the public and private cloud in 2017. That differs a lot from the United States where public cloud took far more IT budgets versus private cloud. But the public cloud is capturing market shares rapidly, the public-usage rates could rise more than 20% annually in the next […]
Chinese post-00s, who were born since the year 2000, are turning adult in 2018. Comparing with post-90s’ past consumption, post-00s save more with more purchasing power and autonomy. Post-00s has much more affluent material life The savings of post-00s are around 3 times more than that of post-90s when they were at the same age. […]