In 2014, Tencent’s mobile revenue reached 22.171 billion yuan (US$3.571 billion) with popularization of WeChat. Now WeChat and Weibo are the two most active mobile apps in China. WeChat is a relatively new app compared with Weibo, but it far surpassed weibo in the number of users and monthly usage.
With the booming of the new emerging market, automobile has become less expensive, and the internet has brought an open platform which makes it more reachable to families. China Automotive Technology Research Center estimated last year that automobile sales volume will reach 25.5 million in 2015 and 35 million in 2020 with average annual growth […]
Since the start of 2015, the growth rate of Chinese automobile transaction volume had slowed down its growth. In June 2015, the growth rate of the automobile market was merely 1.4%, 7 percentage points lower than June 2014.
China has fallen from top place to fourth in Credit Suisse consumer confidence scorecard, with most barometers slipping closer to mid-range among emerging market countries.
Since 2000, China automobile market has been developing rapidly. As of 2013, average sales volume of automobile increased by 19.8% annually in China. However, the growth slowed in recent two years. China Automotive Technology Research Center estimated that automobile sales volume will reach 25.5 million in 2015 and 35 million in 2020 with average annual growth […]
Lei Jun wrote a blog post a year ago about meeting Elon Musk, the CEO of Telsa motors and he said he’s really interested in Tesla’s cars. This week, a currently circulating story on China internet reported Xiaomi is about to mass manufacture smart cars.
In Q3 2014, top 3 automobile websites by total user reach on desktop were Autohome.com, BitAuto.com and PCAuto.com with 47.68 million, 35.6 million and 32.48 million respectively according to data from EnfoDesk.
In September 2014, total online display advertising spend of automobile brands in China exceeded RMB570 million (US$92.78 million).