Chinese consumers were expected to contribute 40% sales to the global luxury goods market and hence drive 75% of this market’s growth. 58% of luxury goods consumers were the youthful population. 58% of them located at tier-2, tier-3, and lower-tier cities. Mobile occupied 54% of luxury goods consumers’ attention. 58% of consumers prefer collecting information online and buy luxury goods through […]
Search Results for: WeChat Mini-Programs
This Chinese bookstore chain manages to be profitable and expanding
Sisyphe Books, originally from Zunyi City of Guizhou province in China, had opened 8 bookstores after 15 years of development. In the year 2008, Sisyphe opened the first 2.0 concept bookstore in Chongqing. It entered Shenzhen in the year 2013.
Apple’s App Store took US$3.57 bn from China in Q2 2018, up 25% YoY
Apple’s App Store generated 23.7 billion yuan (US$3.57 bn) from China in Q2 2018, up 25% over Q2 2017 (US$2.86 bn) and 6% over Q1 this year. Almost the same as Q1 2018, though mobile gaming apps accounted for the lion’s share of 79% in revenues, it only increased by 15% from Q2 2017, which is […]
Top Public Cloud in APAC in Q1 2018; Alibaba, Tencent among top 5
Within public cloud services market, Alibaba Cloud ranked second in the APAC region and fourth worldwide. In China, the top five cloud providers are all local companies. China now accounts for a third of the total APAC market and its share of the regional total is increasing each quarter. 81% of WeChat users playing Mini-Games […]