Brands pursue the ‘Chinese Dream’, growing total brand value by a record 23% to US$683.9 billion. Technology giant Tencent has retained the coveted title of China’s most valuable brand for a fourth consecutive year, achieving a brand value of US$132.2 billion, a 25% year-on-year increase, according to WPP and Kantar Millward Brown’s 2018 BrandZ™ Top 100 Most Valuable Chinese … [Read more...]
Tencent performance highlights Q4 2017; WeChat MAU exceeded 1 billion
Tencent announced total revenues of RMB66,392 million (USD10,161 million) for Q4 2017, an increase of 51% YoY; RMB237,760 million (USD36,387 million), an increase of 56% over the year for the whole year of 2017. … [Read more...]
Top smartphone, technology brands in China 2018
The top smartphone brands in China are Apple, Huawei, Xiaomi, Samsung and OPPO according to Tencent’s Penguin Intelligence research. The top internet/technology brands are Tencent, Alibaba, Baidu, and Jingdong (JD.com). … [Read more...]
JD.com has 293 million active accounts on its online marketplace in 2017
Net revenues of JD.com for Q4 2017 were RMB110.2 billion (US$216.9 billion), an increase of 38.7% from Q4 2016. Revenues from services and others for Q4 2017 were RMB10.0 billion (US$1.5 billion), an increase of 54.7% from Q4 2016. Net revenues for the full year of 2017 were RMB362.3 billion (US$55.7 billion), an increase of 40.3% from the full year of 2016. Revenues from … [Read more...]
Top 10 iOS app publishers in China in Nov 2017, led by Tencent, NetEase
NetEase rose to the second place right after Tencent in November 2017 by total number of iOS app downloads with two mobile games, Knives Out and Rules of Survival according to App Annie. … [Read more...]
Tencent performance highlights Q3 2017; profit grew by 69%
Tencent achieved 61% year-on-year revenue growth to RMB65,210 million (USD9,825 million), driven primarily by smartphone games and PC games, payment-related services, digital content subscriptions and sales, and online advertising. … [Read more...]
JD.com revenues grew 39% in Q3 2017
For the third quarter of 2017, JD.com reported net revenues of RMB83.7 billion (US$12.6 billion), representing a 39.2% increase from the same period in 2016. Net revenues from online direct sales increased by 38.5%, while net revenues from services and others increased by 46.2% in Q3 2017, as compared to the third quarter of 2016. … [Read more...]
China social media advertising and marketing market Q2 2017
China social media advertising and marketing market reached 7.62 billion yuan (US$1.15 billion) in Q2 2017 with an increase of 13.2% QoQ or 40.6% YoY. … [Read more...]
Tencent launched a digital bank card on WeChat
Tencent launched a digital bank card on WeChat called WeBank Card via WeBank, China's first private commercial bank established. One of its major shareholders is Tencent. … [Read more...]
Tencent to offer insurance on WeChat in H2 2017
What you can find in the “9 cell grid” of WeChat Wallet interface are the highly valued self-owned and third party services. The already crowded “9 grid” is having a new addition. … [Read more...]
WeChat MAU grew 19.5% to 963M; QQ down to 850M in Q2 2017
The total number of monthly active users on WeChat reached 963 million, an increase of 19.5% YoY according to Tencent's latest financial results. QQ MAUs dropped 3.9% to 662 million. … [Read more...]
Tencent dominates China’s social ads market in Q1 2017
China social ads market totaled 6.73 billion yuan in the first quarter of 2017 with an increase of 46.4% YoY or -6.5% QoQ according to data from Analysis. … [Read more...]
China online advertising market overview Q1 2017
China online advertising market reached 62.89 billion yuan (US$9.23 bn) in the first quarter of 2017 with an increase of 15.9% YoY or -10.5% QoQ, led by Alibaba, Baidu, and Tencent. … [Read more...]
China third-party online payment market overview Q1 2017
China's third-party online payment market had total transactions of over US$820 billion in Q1 2017, led by Alipay (34.7%) and UnionPay, while mobile payment transactions reached US$2,761.78 billion in China, led by Alipay (53.7%) and Tencent Finance. … [Read more...]
WeChat MAU grew by 23% to 938M; QQ, QZone MAU down in Q1 2017
Tencent reported the first quarter total revenues of 49,552 million yuan (USD7,182 million) in 2017, an increase of 55% over Q1 2016. WeChat MAU further grew to 938 million while QQ and Qzone MAU saw a decrease in Q1 2017. … [Read more...]
Tencent’s new image patent challenging Google’s WebP
Tencent submitted a patent application to the State Intellectual Property Office on an image coding technology called Tiny Portable Graphics, or TPG. TPG image file size is smaller than JPG/JPEG, PNG, GIF, and Google's WebP based on a released experiment data. … [Read more...]