48% of China internet users define “rich” with a minimum of 10 million yuan (US$1.42 million); they value “career” the least compared with family, health, love, and wealth; women are more likely than men to go dutch while having dinner with friends, according to a survey conducted by Tencent’s Penguin Intelligence. We summarized the survey […]
Alibaba Group Holding Limited (“Alibaba” or the “Company”) (NYSE: BABA and HKEX: 9988) has officially listed on the main board of the Hong Kong Exchanges and Clearing Limited (HKEX) today, successfully going public in Hong Kong.
ByteDance, the company owning several popular apps in China including TikTok and Toutiao, has surpassed Baidu in the first half of 2019, becoming China’s second-largest digital advertising media business, according to the latest report of consulting firm R3. ByteDance now accounts for close to a quarter (23%) of China’s digital advertising market, close to 50 […]
The tablet market saw 37.6 million units shipped globally for a year-over-year increase of 1.9% in the third quarter of 2019 according to IDC. The top companies by total shipment in Q3 are Apple, Amazon, Samsung, Huawei, and Lenovo. Apple leads the global tablet market with a 21.8% growth rate over last year, followed by […]
Total Gross Transaction Volume (GTV) on Meituan platform grew by 33.6% to RMB194.6 billion in Q3 2019 from RMB145.7 billion for Q3 2018 according to its financial results. Annual Transacting Users on Meituan platform grew by 14.0% to 435.8 million from 382.3 million in Q3 2018.
Alibaba’s Tmall reached 10 billion yuan in less than two minutes (00:01:36) and 30 billion yuan in about 5 minutes (00:05:25), 50 billion in 13 minutes (00:12:49) in Double 11 Global Shopping Festival 2019.
Pinduoduo’s 12-month GMV ended September 30, 2019 was RMB840.2 billion (US$2,117.5 billion), an increase of 144% YoY. Its total revenues in Q3 2019 were RMB7,513.9 million (US$1,051.2 million), an increase of 123% YoY.
In October 2019, the total retail sales of consumer goods in China reached 3,810.4 billion yuan (US$542 billion), up by 7.2% year-on-year (nominal growth rate. The real growth rate was 4.9 percent) according to National Bureau of Statistics.
Global smart speaker market shipment reached 28.6 million units in Q3 2019 with an increase of 44.9% according to research company Canalys. Amazon led the market with 10.4 million smart speakers shipment.
Vipshop (NYSE: VIPS), a leading online discount retailer for brands in China, reported 17% YoY growth in GMV to RMB 31.7 billion (US$4.51 billion) for the third quarter ended September 30, 2019. The number of active customers of Vipshop for Q3 2019 increased by 21% year over year to 32.0 million from 26.5 million in […]
China’s leading OTA Ctrip officially changed its corporate name to “Trip.com Group Limited” on October 25, 2019, and its ticker to “TCOM” on November 5, 2019. Trip.com Group operates a family of travel brands, which mainly consists of Trip.com, Ctrip, Skyscanner, and Qunar.
Bilibili (NASDAQ: BILI), a popular online entertainment platform for young generations in China, had 127.9 million monthly active users (MAUs) in the third quarter of 2019, an increase of 38% YoY according to its financial results.
WeChat recently launched the “Nearby Ads” marketing solution to solve marketing problems of small and medium-sized merchants. Nearby Ads can accurately display the advertisements in WeChat Moments to reach customers within the 3km distance.
Jingdong’s (JD) annual active customer accounts increased to 334.4 million in the twelve months ended in Q3 2019 from 321.3 million in the twelve months ended in Q2 2019. Meanwhile, Alibaba’s active consumers on its China retail marketplaces reached 693 million.
Weibo’s monthly active users were 497 million in September 2019, a net addition of approximately 51 million users year-over-year. Mobile MAUs represented approximately 94% of MAUs.