Kantar Worldpanel reports 5.7% value growth for China’s FMCG market for the latest 52 weeks up to Sep 5th 2014 which remains low in comparison to historic levels. FMCG growth recovered to 6.9% in Q3 2014, higher than both Q2 (4.7%) and Q1 (4.6%).
Archives for October 2014
Costco Wholesale Launched Tmall Global Online Store
Costco Wholesale, the American membership-only warehouse club that provides a wide selection of merchandise, launched Tmall flagship store on Tmall Global reaching Chinese consumers directly with competitively priced food and healthcare products ranging from clothing to groceries to laundry detergent to health and beauty aids.
Jingdong Paipai’s Micro-shop Platform Aiming China C2C Market
Paipai.com, part of Jingdong, is launching micro-shop platform for both business and individual sellers targeting C2C mobile shopping market.
China to Disallow Minimum Spend Rule in Restaurants
China forbids catering operators to set minimum consumption according to Catering Industry Operation & Management Regulations (Trial) released by China Ministry of Commerce.
China Top 10 Cosmetic Brands by Online Ad Spend in August 2014
In August 2014, total online advertising spend of cosmetic brands exceeded RMB120 million (US$19.55 million) in China. Among all the cosmetic brands, L’Oreal spent RMB12.9 million ($2.1 million) in online advertising in August, ranking first by total ad spend, followed by Lancome and Estee Lauder according to data from iResearch.
Habits of 2.7M High Net Worth Individuals in China
There are about 2.7 million HNWIs (High Net Worth Individuals) in China each of whose assets totals over $0.95 million. And, the number of ultra high net worth individuals (UHNWIs), each with personal assets worth over $15.8 million, reached 63,500.
China Top 5 Group Buying Websites in Different Tier Cities
Since first half of 2013, China popular group buying websites like Nuomi.com, Meituan.com and 55tuan.com all expanded business in lower tier cities in China. Their market share now shows an increasing gap from other group buying websites who are still making efforts in tier-1 and tier-2 cities.
Alibaba Invests $50M in Smart Remote App Peel
As part of Alibaba Group’s “live @ Alibaba” vision to diversify the company’s products and services and become central to the everyday lives of consumers, it invests $50 million in smart remote app Peel.
Alibaba Invested in China Hotel IT Provider for Taobao Travel
Taobao has agreed to invest RMB2.81 billion in Beijing Shiji Information Technology Co. Ltd (Shiji Information) who is listed on Shenzhen Stock Exchange (code: 002153), a China-based hotel information technology provider, in return for a 15% stake according to Alibaba Group press release.
Business Car Renting Services’ Potential in China
In a survey conducted by Tencent, 17% respondents said it’s convenient for their daily transport with taxi service mobile apps while 45% had no idea about what such mobile app is. Since 26% respondents thought it still needs to improve and many Chinese mobile users are not aware of taxi service mobile app, there is […]
Insights of China Video Sharing on Weibo
In August, there are three obvious peaks for volume of video sharing on Weibo and number of users sharing videos. Peaks appeared on 11, 18 and 25 August according to data of Weibo.
China’s Booming Mobile Gaming Market with 330M Users
Mobile devices’ penetration, mobile network’s improvement as well as social network’s booming lead to rapid growth of mobile online gaming market in China.
HSBC PMI China Signaled Slightly Weaker Growth in Service Sector in September
Purchasing managers index (PMI) data, released by HSBC covering both manufacturing and services, signalled a further expansion of Chinese business activity in September 2014.
China Print Advertising Market Insights in Q2 2014
In Q2 2014, China total print advertising spend was about RMB14 billion ($2.28 billion), a decrease of 11.4% from the same period in 2013 according to Print Ads Report in Q2 2014 published by Meihua.info. In Q2 2014, the number of total print advertisers was 19,884 with a decrease of 14.6% from same period of 2013. […]
China Top 6 Online Travel Mobile Apps
Qunar’s mobile app exceeded 8 million MAUs in August 2014 in China according to EnfoDesk, remaining the most popular mobile online travel app, followed by that of Ctrip, LY, eLong, Daodao and Taobao Trip.