Could Wechat avoid Unionpay to test its POS payment? The answer is yes. Many reliable sources indicated that Wechat POS payment will launch on 22 in March, 2014.
Analysis on China’s Top Mobile Messenger Apps
According to Enfodesk, QQ got 325.71 million active users, ranked the first in mobile IM apps, followed by WeChat with 295.712 million. These two winner are both developed by Tencent, beating the others by a long shot. Momo took the third place with 13.43 million active users. ChatOn and Wangxin ranked the fourth and fifth, […]
The Story of the Rise of Tencent Empire
QQ, one of the most successful and essential product of Tencent, has an adorable penguin to be its logo. “Penguin” Empire, 15 years of after its birth, attracted 800 million users globally. Another top-rated “Penguin” Empire product, Wechat, soon accumulated 300 million users in a little more than two years. Wechat gives Tencent more dominance […]
Tencent Cloud Users Hit 300 Million
Tencent Cloud version 2.0 press release was held on January 9, 2014 at Beijing. Ji Shunyou, Tencent Cloud vice president, showed the new features of Tencent Cloud 2.0 on the scene. Ji Shunyun announced that Tencent cloud users reached 300 million, becoming the top priority of most Chinese internet users for cloud storage. This press […]
China Wechat App Developers 2013 Report
WeMedia published China wechat app developers 2013 report on November 22 2013, the first report about Chinese wechat app developing industry situation.
China Internet User Stats Report for Q3 2013
iResearch released its core data report in Q3 2013, according to which the number of China internet user went up a little in Q3, having reached 480 million in September.
Paid Users of QQ Game Reached 35%
Tencent announced on the 10th anniversary of QQ Game that the paid users had reached 35%. Tencent data showed that QQ Game platform includes more than 100 games, with 200 million active users. QQ Game platform had 8 million users online at the same time.
Tencent Digital Property User Data for Q3 2013
Tencent published its Q3 finance report on November 13, by the end of September 30 2013, Tencent’s total revenue in Q3 reached 15.54 billion yuan (USD 2.53 billion), 34.3% more than that of 2012.
China Online Sales in Q3 Exceeded USD 67b
According to Enfodesk, China B2C market reached 162.4 billion yuan (USD 26.47 billion) in Q3 2013, with a 3% QoQ increase and a 50% YoY increase. China online sale reached 415.3 billion yuan (USD 67.7 billion) in Q3, 41% more than 2012. B2C occupied 39% of total online sale, catching up with C2C market.
Forbes: Baidu CEO The Third Richest in China
Forbes published its China Rich List 2013 on October 16, Baidu CEO Robin Li ranked the third in China Rich List. Tencent’s CEO Pony Ma and Alibaba’s founder Jack Ma were all on the top 10 list. Forbes’ China Rich List collected 168 billionaires, much more than last year’s 113 billionaires. The total wealth of […]
China Online Advertising Platforms Market Update in Q3 2013
According to EnfoDesk, market scale of China advertising platforms in Q3 reached 28.77 billion yuan (USD 4.7 billion), 24.2% more than Q2 2013.
Wechat Membership Card Aims Big in O2O Market
Tencent launched its Wechat membership card version X1 on September 24, 2013. It aimed at achieving 1 billion yuan (USD 162.9 million) monthly transaction.
Hurun: Tencent’s CEO Pony Ma The Richest on IT Rich List
Hurun Report, a monthly magazine best known for its China Rich List, released its China IT Rich List on September 23 2013. This is the 11th time that Hurun released the top 50 China IT Rich List. Pony Ma, Tencent’s CEO, surpassed Robin Li the first time in four years to be the richest man […]
Yixun Online Shopping Transactions from Wechat Hit 30K
Yixun.com, an online shopping website acquired by Tencent, granted payment access from Wechat in the middle of August 2013. Data showed that in the second half of August, after Yixun.com granted access from Wechat both in PC and mobile devices, the number of total accumulated transactions from Wechat hits 30,000.
Tencent Became the First Chinese Company With Over USD 100 Billion Market Cap
Last week on September 16, Tencent’s market value went up 1.51%, having reached HKD 774.98 billion (USD 100 billion) and become the first Chinese internet company with a market value of over USD 100 billion. Since 2004, Tencent’s market value increased more than 100 times. Citibank has raised Tencent’s target price to HKD 480. Citibank […]