Bilibili, a leading online entertainment platform focus on Generation Z in China, reported 69% growth of net revenues (2,315.5 million yuan or US$327.0 million) in the first quarter of 2020.
Boundaries for content creators in China are disappearing. Their means of creation and background are diversifying. Thanks to the lowered barrier for distribution, now everyone can be a content creator, making the content area more diverse and colorful. On Douyin, fashion, relationship, food, and talent show categories are witnessing saturation; still opportunities in the field […]
Technology now facilitates the production and distribution of content. It lowered the barrier of content creation and distribution. As a consequence, contents that previously target specific groups of people can now reach a wider range of audiences in China. The consumption of digital content has seen disappearing boundaries between urban and rural internet users, between […]
Baidu’s total revenues declined just 7% year-over-year in Q1 2020, resulting from its diversified revenue streams, including marketing services for wide-ranging industries, new AI businesses, and iQIYI.
The monthly active users (MAU) of WeChat increased by 8.2% YoY or 3.2% QoQ to 1.2 billion in the first quarter of 2020. The peak engagements are right before lunch and after work.
Sogou (NYSE: SOGO), China’s second-largest search engine, reported total revenues of $257.3 million, a 2% increase year-over-year, or a 5% increase in RMB terms according to its unaudited financial results.
China’s total retail sales of consumer goods reached 2,817.8 billion yuan (US$398.10 bn) in April 2020, down 7.5% year on year (the actual decline was 9.1%, after deducting the price factor, and the following are nominal growth except for special instructions), with the decrease of 8.3 percentage points over the previous month.
JD.com net revenues for Q1 2020 were 146.2 billion yuan (US$120.6 billion), an increase of 20.7% from Q1 2019, according to its unaudited financial results. JD.com’s annual active customer accounts increased by 24.8% to 387.4 million
The monthly active users (MAU) of WeChat increased by 8.2% YoY or 3.2% QoQ to 1.2 billion in the first quarter of 2020, according to Tencent’s financial results. Smart device MAU of QQ decreased by 1% to 693.5 million.
By March 2020, the number of online payment users in China has reached 768 million, an increase of 168 million over the end of 2018, accounting for 85.0% of the total Internet users. The number of mobile online payment users has reached 765 million, an increase of 182 million over the end of 2018, accounting […]
China’s Consumer Price Index (CPI) went up by 3.3% year-on-year in April 2020, with an increase of 3.0% in urban and 4.0% in rural, according to the National Bureau of Statistics of China.
As of May 11 2020, 107.792 million students have resumed school classes, accounting for 39% of the total number of students in China, according to the Ministry of Education.
China’s domestic mobile phone shipments were 41.7 million in April 2020, up 14.2% year-over-year (YoY) according to China Academy of Information and Communications Technology (CAICT). 48 new models were released in the month, up 14.3% YoY. Over the past 4 months, domestic mobile phone shipments were 90.7 million and the number of new models were […]
Alibaba quietly launched Luxury Soho, a new channel on the Tmall e-commerce platform targeting young and value-conscious luxury shoppers. Coach, MCM among the first to join Luxury Soho Luxury Soho is named after New York’s fashionable Soho district. It’s created as a solution to help luxury brands attract younger consumers as well as those who […]
GSX Techedu Inc. (NYSE: GSX), a leading online K-12 large-class after-school tutoring service provider in China, reported net revenues of RMB1,297.6 million in Q1 2020, a 382.0% increase from RMB269.2 million in the first quarter of 2019.