Netsunion reported a total number of 13.382 billion online payment transactions with a total value of 7.23 trillion yuan during the past eight-day Golden Week holiday in China from 1 October. The average daily transaction processed by Netsunion during this period increased by 47% over the same period last year. The transaction scale on China’s […]
Meituan’s total revenues decreased by 12.6% year-over-year to RMB16.8 billion from RMB19.2 billion in Q1 2019. The operating loss for Q1 2020 expanded on a year-over-year basis from RMB1.3 billion to RMB1.7 billion, while operating margin decreased from negative 6.8% to negative 10.2%.
Airbnb released a report last week on Airbnb China’s women community. According to the report, as of February 10, 2020, 53% of active Chinese landlords are female, and China is one of the top 10 countries with the largest number of female landlords on the platform.
Total Gross Transaction Volume (GTV) on Meituan Dianping’s e-commerce platform grew by 28.7% to RMB159.2 billion in Q2 2019 from RMB123.7 billion in Q2 2018. Annual transacting users in the last twelve months ended June 30, 2019 grew by 18.4% to 422.6 million from 356.9 million in the last twelve months ended June 30, 2018.
JD (Jingdong)‘s net revenues grew by 22.9% to US$122 billion in the second quarter of 2019. Its annual active customer accounts increased to 321.3 million and there is a total number of 220,000 merchants on its online marketplace. The company’s adjusted EPS rose 560% to $0.33.
Alibaba’s OTA platform Fliggy (Feizhu) just made Fliggy Miles transferrable for Marriott Rewards points. Last week, the Marriott International Group’s Fliggy Flagship Store officially opened the access for Points conversion from Miles. The current program page shows that the points conversion between Fliggy and Marriott is only in the “trial period”, specifically stating that the […]
China’s emerging Gen-Y’s complete travel experience journey has five stages: dream, plan, book, experience, and share. Let’s see an overview of emerging Gen-Ys’ power, how they re-shape China’s travel market, stages of their travel journey, and how to get ready. Overview of Emerging Generation Y’s power There is no strict demographic definition for Generation Y […]
Meituan Dianping’s total revenues increased by 70.1% year-over-year to RMB19.2 billion in Q1 2019 from RMB11.3 billion in Q1 2018 and decreased by 3.2% quarter-over-quarter from RMB19.8 billion.
China’s online accommodation booking market grew by 18.5% to US$7.01 bn in Q4 2018. The top 3 players combined accounted for 73.2% of the total. Ctrip placed first with a share of 46.4%. Meituan Dianping (14.3%) overtook Qunar (12.5%) to be the first runner-up. The online accommodation booking market totaled 47.11 billion yuan (US$7.01bn) in […]
Simply pigeonholing people into presumed lifestyle and pursuits by their age and geography can no longer work the same as in the past few years. Quite remarkable changes have taken places in the preference, behavior, and consumption habits of Chinese travelers.
Meituan Dianping (Meituan), China’s leading e-commerce platform for local lifestyle services that went public in Hong Kong on September 20, 2018, announced its total revenue surged by 97.2% year-on-year to 19.1 billion yuan (US$2.75 bn) in Q3 2018. Annual Transacting Users increased by 30.3% to 382.3 million as of September 2018. On average, the annual […]
There were a total of 457,834 accommodation companies in China with 16,770,394 rooms as of 2017. Among that, 317,476 were hotels (each with 15 or more hotel rooms), with a total number of 15,480,813 hotel rooms. The average hotel rooms per hotel were around 49. Budget hotels took the largest share of 67%. Around 10.39 […]
The short-term rental has been gradually gaining popularity in China since 2010. There are 80 million short-term rental users in 2017, a high jump of 103%, which is expected to reach 147 million by the end of 2018. It is estimated to slow its pace with the growing user base. Currently, the short-term rental platforms […]
China’s online hotel booking market had 91.09 million monthly active users (MAU) in Q2 2018, an increase of 20.1% quarter-on-quarter, setting a record high since 2016. There are around 20 million newly added users, 70% of them came from tier-3 cities and below. Of the total, over 50% of them were from tier-3 cities and below. […]
China’s shared accommodation market generated a total transaction of 14.5 billion yuan (US$2.27 bn) in 2017, up 70.6% from a year earlier, according to State Information Center of China.