Emerging markets are leading the way with smartphone users in China (45.0%), India (36.7%) and Singapore (23.3%) Asia Pacific’s biggest adopters of digital wallets according to MasterCard.
China’s mobile shopping market reached more than 519.99 billion yuan (US$80.25 billion) with an increase of 120.9% QoQ in Q3 2015 according to iResearch.
Total retail sales of China consumer goods were 26.24 trillion yuan (US$4.11 trillion) in 2014, an increase of 12% compared to the previous year. The growth rate of the Chinese retail market has dropped for five consecutive years. More than two-tenths of responding retailers have reduced opening new stores and the average number of employees […]
China’s e-commerce retail sales are expected to increase by 42.1% to US$672.01 billion, accounting for over 40% of the global e-commerce retail sales in 2015 estimated by eMarketer. The e-commerce market in 2018 is expected to reach US$1.57 trillion according to eMarketer. China has become the world’s largest e-commerce market.
Chinese e-commerce market increased by 21.3% to 12.3 trillion yuan (US$1.93 trillion) in 2014, and would maintain steady and rapid growth in the next few years. The e-commerce market in 2018 is expected to reach 24.2 trillion yuan (US$3.80 trillion) according to Kantar Retail.
In 2014, China’s online shopping users reached 55.7% of the total internet users. In the mean time, mobile online shopping market was booming in China, with an annual growth rate of 63.5%, 3.2 times higher than the overall online shopping market.
In Q2 2015, China’s online shopping market reached 872.54 billion yuan (US$136.77 billion), with a high level increase of 39.6%, which accounted for 12.3% of total retail value compared with 10% in 2014.
According to AliResearch, in 2014, China counties mobile online shopping market exceeded 200 billion yuan (US$32.16 billion), with an increase of 250% YoY, far higher than the increase of online shopping value of the same period.
The penetration ratio of iOS8 reached 76% in China in Q2 2015; and as of August 2015, only 19.4% subscribers still used the iOS7 system. The popularization of iPhone 6 and iPhone 6 Plus promoted the adoption of iOS8, and the free system upgrade feature improved iPhone user base in China. When issued in September 2015, iOS9 might […]
Tencent invests US$50 million to Kik messenger, the Canadian instant messaging application for mobile devices that is available on iOS, Android, and Windows phone operating systems. Kik has earned the company one billion dollar valuation since the investment in August.
In Q1 2015, China mobile internet users reached 740 million with increase of 1.6% QoQ and 10.27% YoY, which showed stable growth in the mobile internet market according to data from EnfoDesk.
In Q1 2015, China mobile shopping market total transaction value exceeds RMB36.23 billion (US$5.9 billion) according to data of iResearch. Affected by the Chinese New Year, mobile shopping’s QoQ growth in Q1 2015 was relatively slowed. However, iResearch estimates that in Q2 2015, mobile shopping would still keep rapid growth.
GMV across Alibaba China retail marketplaces grew 40% year-on-year, and annual active buyers increased to 350 million, an increase of 37% year-on-year according to Alibaba financial results for Q1 2015.
In 2014, the total value by revenue of China internet market was RMB 637.73 billion (US$104.15 billion) with 74.4% in revenue via PC. China mobile internet’s total transaction value was RMB222.89 billion (US$36.4 billion) contributing 25.6% revenue in China internet economy. China mobile internet further promoted the overall internet market in 2014.
In 2014, total transaction value of China mobile payment market exceeded RMB599.247 billion(US$97.628 billion) with an increase of 391.3% from last year according to data of iResearch.