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.
Vipshop reported that net revenues increased by 65% to 13.90 billion yuan (US$2.15 billion) for the fourth quarter of 2015 from 8.41 billion yuan in the prior year period. The increase was primarily driven by the growth in the numbers of total active customers, repeat customers, total orders, as well as the increasing revenue contribution […]
The total revenues of China B2B e-commerce market reached 6.39 billion yuan in Q4 2015, an increase of 7.9% QoQ according to Analysis.
Weibo reported net revenues of US$149.0 million in Q4 2015 compared to US$105.2 million for the same period in 2014. Advertising and marketing revenues totaled US$129.5 million in Q4 2015 compared to US$88.0 million in Q4 2014 according to Weibo.
The average monthly reached users by mobile social networking apps in China exceeded 608 million in Q4, 2015 according to data from iResearch.
China’s online banking transaction values reached 510 trillion yuan (US$78.24 trillion) with an increase of 17.6% QoQ in Q4 2015 according to Analysys. The increase was mainly due to the improvement of online banking services and promotion of online shopping business.
As of 31 December 2015, the number of travel agencies in China reached 27,621 according to China National Tourism Administration.
Alibaba reported revenue of 34,543 million yuan (US$5,333 million) with an increase of 32% year-over-year in Q4 2015 and mobile revenue was 18,746 million yuan (US$2,894 million) with an increase of 192% YoY.
JD reported net revenues of 54.6 billion yuan (US$8.4 billion) with an increase of 57% for the fourth quarter of 2015 from the fourth quarter of 2014. The increase was primarily due to the growth in active customer accounts and the number of fulfilled orders in the fourth quarter of 2015.
Baidu reported total revenues of 18.699 billion yuan (US$2.887 billion) with an increase of 33.1% YoY for the fourth quarter of 2015. Mobile revenues made up 56% of total revenues, up from 42% in Q4 2014.