China had 109 million outbound tourists who spent a total amount of US$229 billion on shopping in 2015 according to GFK. China was the largest outbound country in the world.
Archives for March 2016
China Online Banking Market Overview in Q4 2015
China’s online banking transaction values reached 510 trillion yuan (US$78.24 trillion) with an increase of 17.6% QoQ in Q4 2015 according to Analysys. The increase was mainly due to the improvement of online banking services and promotion of online shopping business.
Apple’s iOS Growth in China Reached the Slowest in Jan 2016
Apple’s iOS growth in urban China reached the slowest since late 2014 according to the latest smartphone sales data from Kantar Worldpanel ComTech for the three months ending January 2016. However, Apple still remained the most popular brand, capturing 25% of smartphone sales.
China Mobile Internet Market Forecast 2016-2018
China mobile internet market is expected to exceed 4,672 billion yuan (US$717 billion) in 2016 with 830 million users, an increase by 51.7% and 5% respectively according to Analysis. In 2018, it will reach 7,654.7 billion yuan (US$1,175 billion) with 890 million users.
China to Adjust Tax Policy for Cross-border Retail Goods
On March 24 2016, China Ministry of Finance, the General Administration of Customs and the State Administration of Taxation jointly issued the “notice on cross-border e-commerce retail import tax policies”.
Ctrip Performance Overview in 2015
Ctrip achieved net revenues of RMB10.9 billion (US$1.7 billion) with a gross margin of 72% in 2015, up 48% year-on-year according to its official unaudited financial results.
72% China Online Shoppers Keep Online All Day
72% China online shoppers keep online all day according to a recent survey conducted by Epsilon.
220 Million Chinese to Travel Overseas in 2025
A total number of 220 million Chinese residents will travel overseas with a total spend of $450 billion in 2025 , up from 120 million residents spending $250 billion in 2015 according to Goldman Sachs’ report.
Traditional Media Remains Most Trusted News Source in China
Over three-quarters of China internet users trust news and information from traditional media in 2016 compared with 70% in 2015 according to a research by Edelman.
China Travel Market Overview for Q4 2015
As of 31 December 2015, the number of travel agencies in China reached 27,621 according to China National Tourism Administration.
WeChat Launching An Enterprise Product
WeChat is launching a separate app for enterprises according to Weixin Team. It’s currently under internal testing with selected enterprises.
482M Chinese Visited Social Media Per Month in 2015
China social media users maintained a rapid growth across all age groups in 2015 according to Kantar. The most popular social media was WeChat, Qzone and Weibo.
China Post-95s Online Video User Insights
The post-95s refers to teenagers born between 1995 to 1999 in China. The number of post-95s accounts for about 78 million in China and they will become the driving force of Chinese consumers in 5 to 10 years.
Alipay’s Offline Expansion in 2015
Alipay is the largest third-payment online payment platform in China. And, Alipay is not satisfied to be only an online payment solution and made great attempts expanding offline in 2015.
Thailand Chinese Travelers to Exceed 8 Million in 2016
Chinese tourists paid 7,934,700 person-trips visits to Thailand in 2015 with an annual increase of 91.62% which has set a new record according to Tourism Authority of Thailand.