Tencent’s total revenues in 2016 were 151,938 million yuan (US$21,903 million), an increase of 48% YoY. Operating profit was 56,117 million yuan (US$8,090 million), an increase of 38% YoY. Profit for the year was 41,447 million yuan (US$5,975 million), an increase of 42% YoY.
q4 2016
Mobile smart devices in China reached 1.37 bn units in Q4 2016
The number of mobile smart devices in China reached 1.37 billion units in Q4 2016, an increase of 1.2%.
China mobile social app Momo revenues increased by over 5 times in Q4 2016
Total net revenues of mobile social app Momo were $246.1 million in Q4 2016, an increase of 524% from $39.5 million in Q4 2015.
JD.com active customers increased by 46% to 227M in 2016
Jingdong annual active customer accounts increased by 46% to 226.6 million in 2016 from 155.0 million in 2015. Net revenues for 2016 were RMB260.2 billion (US$37.5 billion), an increase of 44% from 2015.
Baidu Wallet reached 100m users; mobile search 665m in Q4 2016
Mobile search monthly active users on Baidu were 665 million for December 2016, an increase of 2% year-over-year.
Vipshop saw over 52 million active customers in 2016
The number of Vipshop active customers for Q4 2016 increased by 39% to 27.5 million. The number of active customers for the full year of 2016 increased by 42% to 52.1 million.
Weibo monthly active users grew to 313M in Q4 2016
Weibo’s monthly active users (“MAUs”) grew 33% year over year to 313 million in December 2016, 90% of which were mobile users according to Weibo financial results.
China smartphone shipment overview 2016
China’s smartphone market saw a 19% YoY growth and 17% QoQ growth in Q4 2016 according to IDC. It grew by 9% in 2016 with top Chinese smartphone vendors taking up a larger share of the market.
Alibaba retail marketplaces saw 443 mn active buyers in 2016
Alibaba reported good performance for Q4 2016 with US$4.9 billion in free cash flow and robust revenue growth of 54% and adjusted its 2017 fiscal year revenue guidance from 48% to 53% year-over-year growth.