China Internet Watch

China Internet Stats, Trends, Insights

Tencent officially launched a Pinduoduo competitor

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Last April 29th, Tencent launched a WeChat mini program called “Xiao’E Pinpin” and a related WeChat official account. The shopping model of Xiao’E Pinpin is similar to Pinduoduo, which is a social e-commerce platform.

China social e-commerce market insights

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Social e-commerce accounted for 34.37% of total e-commerce transactions in 2020 according to a survey conducted by the Internet Society of China. For social e-commerce merchants, the top sources for users are WeChat Groups and WeChat Moments. Tmall accounted for about one-third of the surveyed brand merchants’ e-commerce sales in 2020. JD and Pinduoduo are […]

Private domain operation trends of retail chain enterprises in China

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WeChat ecosystem has boosted retail chain brands’ business through Official Accounts, WeChat community, personal accounts, mini programs, live streaming, and etc. It delivers better customer retention, higher repeat purchase, and optimal value per customer. Compared with the traditional online channel, the private domain traffic operation saves the platform commission and the platform traffic purchase cost; […]

How Tencent’s investment strategy made it US$120 billion in 2020

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Tencent made a total of about US$120 billion in 2020 through its minority stakes in about 100 listed companies. Such achievements are enough to make any venture capital company in Silicon Valley envious. Tencent is one of the largest and smartest technology investors in the world, holding shares in a range of companies, including Snap […]

Fortune picked 12 Chinese companies as the top 50 well positioned for growth

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12 Chinese companies made it to the Future 50 index this year. Alibaba and Tencent made it to the list but the top 3 highest-ranked Chinese companies are TAL Education Group, WuXi AppTec, and Haidilao. BCG and Fortune created a Future 50 index to identify companies with the greatest capacity to continually reinvent their businesses […]

China game live streaming revenues to double by 2021

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Tencent proposed that the top two online gaming streaming platforms Douyu and Huya enter into a stock-for-stock merger, as a result of which Huya or its subsidiary would acquire each outstanding ordinary share of Douyu. Is China’s game live streaming market that lucrative? Let’s dig into some data. Game live streaming users dropped to 68.12 […]

Top 10 FinTech companies in China in 2020

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Ant Group has become the most valuable financial technology enterprise in China with a value of 2.1 trillion yuan. Credit Suisse expects Ant’s revenue to grow at 34% CAGR from 2019-2022e with digital fintech services as the key driver.

Report: China Mobile Economy 2020

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Chinese operators are leading on growth beyond core services, with non- telecoms services – both for consumers and enterprises – growing at 30% year-on-year in local currency (compared to less than 10% for most other major operators), according to a recent report by GSMA.

How JD penetrates lower-tier cities with social e-commerce initiative

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Jingdong (JD) has over 2 million WeChat groups for social e-commerce, which it claims to be the largest scale among e-commerce platforms. The pandemic has put it under the spotlight, as social e-commerce provided many individuals and brands with new opportunities amidst the pandemic. Weiwei is a sales person at China’s leading travel agency China […]

S&P Global: Bank disruptors doubling down on mobile payments in China

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Users of most payment platforms reported high engagement for mobile payments (around  90% considering the margin of error), with Du Xiaoman Pay users being a notable exception (80%). WeChat Pay users appeared to be evenly distributed across all ages, but QQ  Wallet users skewed younger. A pair of big technology firms has further consolidated its […]

Top Chinese Web Browsers in China

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Google Chrome browser still takes the first place in Chinese browser market in August 2020, accounting for 58.22% of the market share, down 0.3% from July.

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