The Q2 2020 worldwide cloud infrastructure services market continued to surge, as spending grew 31% to US$34.6 billion, according to Canalys.
Tencent has the highest reach of 96.4% China mobile internet users in March 2020, an increase of 2.9% YoY. Alibaba and Baidu reach 93.3% and 86.2% mobile internet users respectively while ByteDance follows closely with 745 million unique users.
The top player in China’s on-demand food delivery solution market, with a market share exceeding the total of the next top four combined, Quhuo applied to list their ADSs on the Nasdaq Global Market, under the symbol “QH.”
Monthly active users (MAU) on WeChat Mini Programs grew to 849 million in April, an increase of 24% YoY. The number of mini programs with at least 1 million MAU has exceeded 1,214. Get an overview of the mini program categories trends on WeChat based on Q1 data. Games and Videos are the top 2 […]
Due to the impact of the epidemic, China online advertising market could no longer continue its steady growth trend in Q1 2020. Newsfeed has become a primary channel for online advertisers, driven by strong short video growth. In the overall advertising market in China, education sector saw the strongest growth in Q1 while FMCG, Apparel, […]
Affected by the epidemic situation, the growth rate of China’s online education market in Q1 2020 dropped significantly year-on-year. It is estimated to be about 68.06 billion yuan, with a growth rate of 3.9% year-on-year. K12 training, tertiary education, and vocational education are the most important parts of online education in China. K12 training is […]
The estimated transactions of China’s online travel market in the first quarter of 2020 were 186.2 billion yuan, down 55.8% quarter on quarter. Affected by the tourism off-season, the transaction scale of China’s online tourism market in Q4 2019 was 421.37 billion yuan, down 22.0% month on month, which was more significant than that in […]
The transactions of China’s online shopping market is expected to reach 2.1 trillion yuan in Q1 2020, down 33.3% quarter on quarter or decrease of 1.2% year on year. In Q4 2019, the transactions of China’s online shopping market reached 3.2 trillion yuan, an increase of 38.5% QoQ or 26.9% YoY. The growth was higher […]
Online dating and social networking mobile platform Momo reported 108 million monthly active users (“MAU”) in March 2020, compared to 114.4 million in March 2019.
China’s tablet shipment totaled 3.73 million units in the first quarter of 2020, a decrease of 29.8% due to the coronavirus outbreak. The novel coronavirus outbreak has increased the demand for telecommuting and online education, which has led to an increase in demand for tablet computers. However, the factors such as lockdown, manpower, spare parts, […]
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%.
Alibaba Revenue was 114,314 million yuan (US$16,144 million) in Q1 2020, an increase of 22% year-over-year. The total revenues for its fiscal year reached 509,711 million yuan (US$71,985 million), an increase of 35% year-over-year.
Pinduoduo (NASDAQ: PDD), one of the top e-commerce platforms in China, saw its GMV more than doubled to 1,157.2 billion yuan (US$163.4 billion) in the twelve-month period ended March 31, 2020, an increase of 108% YoY from 557.4 billion.
China’s game live streaming platform Huya announced 47.8% growth in net revenues to RMB2,411.9 million (US$340.6 million) in Q1 2020 from RMB1,631.5 million in Q1 2019.
In Q1 2020, Xiaomi’s total revenue for the period reached RMB49.7 billion, representing an increase of 13.6% year-over-year. Adjusted net profit for the period was RMB2.3 billion, an increase of 10.6% year-over-year.