In the first half of 2017, financial management software and mobile apps continued to develop, while offline providers of such services have shifted from opposition into a more productive mindset seeking partnerships and cooperation even as interest rates in online loan and savings applications fall.
China Social Networking Sites News & Insights
Tencent released Tencent Entertainment Whitepaper several recently and highlighted entertainment activities of the post-90s. 211 million Chinese post-90s make up 15.4% of the total population in China according to National Bureau of Statistics in 2015. Realize preferences and behaviors of the post-90s will help media, companies and advertisers grab the commanding point.
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.
With the booming of the new emerging market, automobile has become less expensive, and the internet has brought an open platform which makes it more reachable to families. China Automotive Technology Research Center estimated last year that automobile sales volume will reach 25.5 million in 2015 and 35 million in 2020 with average annual growth […]
Encouraged by the success of some social networking apps as WeChat, many leading social networks across the world start integrating online commerce capabilities for new areas of revenues.
In 2015, China mobile social networking users will reach 335.9 million with an increase of 20.7%, estimated by eMarketer. Besides, the number will continue grow and by 2019, users will exceed 480.4 million, representing 34.8% of total population.
Business social networking is growing fast in China nowadays. According to Tencent’s latest research, 52.9% respondents used business communication tools in their companies in 2014 including Tencent RTX, Enterprise Fetion, Enteprise QQ as well as Netease EIM.
China post-90s are the active group on the internet, especially on social media; and, China post-90s QQ users accounted for 39% of total users according to data released on Tencent’s Open Day. They favor mobile shopping and online videos.
China social video market evolved from three areas: traditional online chat room, online video community and instant messenger on webpage. With rapid development of China mobile internet, mobile social video companies are springing up nowadays in China.
As of June 2014, the usage rate of mobile games in China was 47.8% with an increase of 4.7%. Mobile gaming is becoming a habit for many China mobile users’ daily life.
During period from 4 August to 10 August, Tencent QQ’s daily user coverage exceeded 220.75 million, accounting for 63.5%, ranking the top among China online instant messengers, followed by Aliwangwang (11.6%) and Fetion (2.7%) according to data from iResearch.
Renren’s total net revenues for the second quarter of 2014 were US$25.0 million, representing a 42.4% decrease from the corresponding period in 2013 according to Renren unaudited financial report.
According to Renren’s First Quarter 2014 Financial Report, the number of accumulated activated users on renren.com increased from approximately 184 million as of March 31, 2013 to approximately 210 million as of March 31, 2014. Monthly unique log-in users in March 2014 was approximately 51 million, compared to approximately 57 million in March 2013 and approximately 45 […]
The total number of business social networking users in China was only 3.7 million in 2008 but experienced high growth rate last year to over 31 million according to iResearch January data.
Renren released their new mobile app on November 26 2013, re-positioning to target young students as their core users. It could also be viewed as the return of Renren. In 2009, Renren changed its name from “xiaonei” to “renren” and allowed non-student users to register accounts. It encountered strong objects from some students then, they […]