Tencent Music‘s online music paying users reached 56.0 million in Q4 2020, increasing by 40.4% year-over-year or 4.3 million additional users from Q3 2020, according to the company’s financial results.
Xiaomi’s total revenues in 2020 reached RMB245.9 billion, representing an increase of 19.4% year-over-year; adjusted net profit for the year was RMB13.0 billion, representing an increase of 12.8% year-over-year.
Chinese users’ average daily time spent on mobile internet grew to 6.1 hours per day in December 2020, up 4.9% YoY. And, they opened an average number of 25.7 apps, up from 25 a year ago. China’s mobile internet users saw faster growth in post-70s and post-00s segments while post-90s dropped to 30.3% from 33.1%, […]
JD Auto and JD Logistics jointly introduced the “deposit and delivery service” for tires bought online through the JD.com platform. The announcement is made in conjunction with the launch of JD’s tire shopping festival starting on 18 March 2021. After ordering the tires on JD, customers can send the products to their designated “JD Mini […]
Tuya Inc has pioneered a purpose-built IoT cloud platform that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, and Software-as-a-Service, or SaaS, to businesses and developers. Its IoT PaaS offering enables businesses and developers to quickly and cost-effectively develop, launch, manage and monetize software-enabled devices and services. Its Industry SaaS offering enables businesses to easily and […]
In Honor of Kings’ first co-creation with a luxury brand, Burberry Chief Creative Officer Riccardo Tisci has exclusively designed two skins for the mobile game’s popular heroine, Yao.
Weibo’s monthly active users (“MAUs”) reached 521 million in December 2020, a net addition of approximately 5 million users on a year-over-year basis. Mobile MAUs represented about 94% of MAUs, according to Weibo’s quarterly financial results.
More than 60% of Chinese executives say Chinese companies will become more competitive in the face of European and American companies than they used to be. In contrast, 40 percent of North American executives and 45 percent of European executives say the market will be less competitive than China after the outbreak. In recent research […]
Pinduoduo’s reported fourth-quarter revenue topped analyst estimates, as China’s social e-commerce platform pledged to make basic necessities more affordable and set a goal to become the world’s top grocer.
KE Holdings or Beike (NYSE:BEKE), China’s leading real estate platform, saw 65.4% YoY growth in the total gross transaction value (GTV) to RMB1,120.0 billion (US$171.6 billion), according to its official press release.
E-commerce live streaming videos should be kept for at least three years Special terms for personal information protection It is strictly forbidden to force “picking one from two” Online platform responsibilities On March 15, China’s State Administration of Market Supervision issued Measures for the Supervision and Administration of Online Market (“New Measures”), which will come […]
The total shipments of China’s wearable devices reached 30.26 million units in Q4 2020, a year-on-year growth of 7.7%. Apple has about 19% market share in China’s wearable device market, according to data from IDC. Huawei still leads China’s wearable device market with over 22% market share, an increase of 9.4% YoY in total shipments, […]
China’s online advertising market grew over 14% in 2020 to 496.6 billion yuan (about US$76.36 billion). Top industries by total online advertising spend in 2020 are Make & Skincare, F&B, Online Shopping, Transportation, and Education. China’s advertising market will grow 11.2% in 2021 and online segment will grow about 10.5%. Top 10 WeChat Moments ads, […]
Hong Kong lists almost 26% of Chinese public internet companies, accounting for 54.6% of their total market value while the United States lists 41.5% accounting for 41.4% of total market value. Nearly one-third of these companies are headquartered in Beijing. 41.5% of Chinese public internet companies are listed in the U.S. while 25.9% in Hong […]
Jingdong (JD.com) annual active customer accounts increased by 30.3% to 471.9 million in the 12 months ended December 30, 2020, from 362 million in 2019.