Total revenues of China’s SME B2B e-commerce market reached RMB 5.79 billion (USD 870 million) in Q2 2016, an increase of 14.4% YoY or 6.8% QoQ according to iResearch.
Archives for September 2016
China online travel market overview Q2 2016
The total transactions of China’s online travel market exceeded RMB 143 billion (USD 21.4 billion) in Q2 2016, an increase of 31.3% YoY or 8.9% QoQ according to iResearch data.
Alipay to charge service fee from Oct 2016
Alipay will start to charge service fee for cash withdrawal (balance transfer from Alipay account to bank deposit accounts) from 12 October 2016 as it announced earlier today.
More than 6 out of 10 China internet users pay by mobile
China’s mobile payment ecological environment has become more mature; mobile payment penetration rate among China internet users reached 64.7% according to Caohan Ping, deputy general manager of the internet finance department in Bank of China, at a finance forum last week.
Over 60% China smartphone users not buying iPhone 7
Over 60% China smartphone users would not buy iPhone 7 according to a survey by Penguin Intelligence (part of Tencent).
Next trip for Chinese outbound travelers: safety, sightseeing, dining, visa, currency
On average Chinese outbound travelers spent 17% less per day in a twelve-month period than the previous year – from RMB3,324 (US$508) to RMB2,849 (US$436) according to a survey from Hotels.com.
China’s consumer economy is expected to expand by about half by 2020
China’s consumer economy is expected to expand by about half, to $6.5 trillion by 2020 according to Boston Consulting Group.
China smartphone users: iPhone vs Android
25% of China smartphone users use the iOS operating system in 2016, a slight growth compared to the past year which was 21%.
Government tightening online advertising regulations in China
From September 1, the “Internet Ad Interim Measures,” issued by the State Administration for Industry and Commerce of China will come into effect.