The online travel market in China grew by 9.3% to US$39.25 billion in Q3 2018, driven by the summer vacation and the mid-autumn festival holiday. 68.6% of transactions are generated from online transportation booking. Ctrip (37.6%), Qunar (19.78%), and Fliggy (16.46%) combined accounted for 73.84% of air ticket booking transactions. Ctrip led online accommodation with a share […]
WeChat is testing a new feature allowing users to find nearby restaurants according to Yiou News. This feature locates on the top level menu, in parallel with WeChat Moments, People Nearby, Mini-Programs, etc.
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 […]
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. […]
Meituan Dianping (Meituan), China’s leading e-commerce platform for local lifestyle services updated its IPO prospectus previously filed with Hong Kong Exchanges this month. It plans to issue 480 million shares each priced between HK$60 and HK$72 with a value of at best 34.6 billion yuan (US$5.06 bn) and set to go public on September 20, […]
China’s movie box office revenue hit 55.911 billion yuan in 2017, soaring to a greater height. The number of movie screens reached 50.8 thousand, more than that in North America for the first time. For Chinese moviegoers, female accounts for 55% and male 45%. The young under 30-year-old accounts for 49%; users with Bachelor’s degree […]
China online food delivery market totaled 67.73 billion yuan in Q4 2017 with an increase of 16.2% QoQ or 81.8% YoY according to data from Analysis.
China online accommodation market totaled 39.38 billion yuan (US$5.97 billion) with an increase of 27.1% YoY according to data from Analysis.
During 2016, the online tourism market in China maintained steady growth over the year prior, growing much more quickly than GDP growth while increasing its overall penetration into the tourism industry as a whole. Overall, online booking of hotels and plane tickets maintained leading positions within online tourism sales, and individual travel bookings dominated the […]
The transactions of China online accommodation market totaled 37.202 billion yuan in Q1 2017 with an increase of 43.24% YoY according to data from Analysis.
eLong, Home Inns, and Booking lead China’s mobile hotel booking apps market in March 2017. eLong and Home Inns both recorded over one million monthly active users. Airbnb also ranks the sixth with 126% growth YoY. The MAU of China hotel service mobile apps is 4.35 million with a decrease of 25.9% YoY in March […]
Offline merchants hoped to get more consumers and profits by accessing to the O2O platforms in China in 2015. Tier-3 and tier-4 cities have been a new expanding regions for the O2O platforms. Meituan maintained a prominent position in the less developed cities.