Total MAU of WeChat grew by 11% year-on-year to approximately 1,098 million by the end of 2018. Around 80% of the top 500 enterprises in China are now registered as WeChatWork corporate users. Tencent’s total digital content subscription counts exceeded 100 million by the end of 2018, up 50% year-on-year. The total daily payment transaction […]
Financial transactions via mobile devices in China is projected to be hit US$497.52 billion by 2019. Ads concerning debit and credit products took the largest share of 41% in total financial ads placements. Only 3% of ads were placed for insurance products. Baidu News Feed is the most popular platforms among advertisers, with 22% of financial ads placements […]
The top 5 public cloud services providers in China are all local companies, with Alibaba taking a disproportionally large share of 43%. Roughly 40% of the top 500 enterprises and 50% of listed companies in China are using Alibaba Cloud.
186 companies joined China’s US$1 billion unicorn club in 2018, with a combined valuation exceeding 5 trillion yuan (US$741.97 billion). Sequoia Capital owns stakes in 49 unicorns of the 186 unicorns. 30 unicorns are affiliated with Tencent, 21 with IDG, and 17 with Alibaba. Hangzhou is home to 18 unicorns and surpasses Shanghai (42 unicorns valued at […]
Tik Tok topped the ranking of mobile apps with most downloads on Apple App Store in China in October 2018. PUBG, iQiyi, Tencent Video, and Xiaohongshu all retained their positions. Toutiao, Qutoutiao, and Xianyu made big progress. Tencent’s Honor of Kings still earned most. Eight out of the top best earners were game apps.
The top 20 companies accounted for 23.6% of total full media ad spending during the Q1-Q3 period. Internet companies debuted in the top 20 ranking of full media in H1 2018. Tmall, JD Mall, Coco-Cola, Suning, Xiaomi, Apple, Huawei, and Tencent were among the list of top buyers. By comparison, some emerging internet retailers paid attention […]
Tencent’s revenues increased by 24% year-on-year, primarily benefiting from growth in payment-related services, online advertising, digital content sales, and cloud services. Operating profit increased by 22% year-on-year. Non-GAAP operating profit increased by 4% year-on-year.
Toutiao-affiliated selfie app Ulike topped the ranking of apps with most downloads on the iOS store in China in September 2018. PUBG, Exciting Battlefield, Tik Tok, iQiyi, and Xiaohong all slide down more or less. Tencent’s Honor of Kings led the ranking of mobile apps with most earnings. 7 out of 10 non-game apps with most earnings […]
China’s online gaming market decreased by 10.8% YoY to US$8.29 billion in Q2 2018. Mobile games accounted for 65.1%. Tencent is the biggest player with a share of 53.17%.
On August 8 this year, Carrefour’s WeChat user penetration grew by 28% from a year ago. Over 55% of Carrefour customers in South China used WeChat Pay. Much effort had been put on integrating WeChat Pay and smart retail together to make customers into the habit of shopping with WeChat Mini-Programs in Carrefour supermarkets. Collaborated […]
Vipshop’s total active customers grew by 6% year-on-year to 29.8 million in Q2 2018. 85% of customers were repeat customers and approximately 96% of orders were placed by repeat customers, according to its unaudited financial results for Q2 2018.
Tencent saw its first decline in profit since Q3 2005. WeChat total MAUs grew about 10% to 1,057.7 million. Overall, both QQ and QZone saw a decrease in their MAUs in this quarter.