The founder and chairman of Alibaba Group, Jack Ma (or Ma Yun), has a net worth of $21.8 billion, according to Bloomberg.
Tencent News Mobile App Now Top News App in China
Sohu News mobile app achieved 100 million users this May; but now, Tencent News surpassed Sohu News becoming the best mobile news app by the number of unique visitors and MAU.
Tencent: 438M Wechat Users and 645M QZone Users by Q2 2014
Tencent announced its 2014 Second Quarter Results yesterday in which it reported Wechat now has 438 million monthly active users and Qzone 645 million.
China’s Top 10 Online Media by Ad Revenue in Q2 2014
China online advertising market reached RMB38.15 billion (US$6.19 billion) in the second quarter of 2014, an QoQ increase of 29.2% and YoY growth rate of 48.7%.
Tencent Given Up Weibo and Focusing on Weishi for Online Video Market
Tencent has removed Weibo business division and moved the team to Tencent News team focusing on video clips sharing product called Weishi (literally means micro-video) according to Southern Metropolis Daily.
China Mobile App Distribution Channels Market Share
How are mobile apps distributions in China? China smartphone users go to Apple’s Appstore is for iOS device apps download; but, for Android phone users, Google Play is not in play. Instead, there are quite a number of app stores for Android phone apps download. I’m sharing a few top ones in the race based […]
Tencent’s “QQ Marketing” Connected to Wechat Official Platform
Previously it has been disclosed on Weibo that Tencent is connecting its “QQ Marketing” to Wechat Official Platform, so that its enterprise clients can reach their customers through both mobile terminals.
Alibaba To Acquire AutoNavi Completely Fuels Turf War Over Map Data
AutoNavi is almost sure to become food on Alibaba’s plate. According to latest news, the two companies has already nailed an acquisition agreement, meaning that Alibaba will acquire the remaining 72% of AutoNavi’s stake, with an evaluation of around $1.5 billion, up more than 40% from last May when Alibaba first bought AutoNavi’s shares. At […]
Tencent QQ Peaking Concurrent Users Hit 200 Mn in April 2014
On April 11, 2014, Tencent QQ Peaking Concurrent Users (PCU) hit 200 million for the first time. From 1999 to 2010, QQ users grew steadily to 100 million. In recent four years, QQ grasped mobile internet development and successfully doubled its PCU.
iiMedia Research: China Social Sharing Report in 2013
According to iiMedia Research, the mobile sharing proportion of WeChat Friends, WeChat Moment and Sina Weibo was 25.6%, 23.4% and 19.2% respectively. The sharing proportion of these top 3 sharing platforms totaled over 60%. While foreign social sharing platform Facebook only took up 1.0%. iiMedia data suggested that WeChat had become the first choice of […]
How A Chinese Taxi-Hailing App Reached 100 Million Users in 77 Days
Didi Taxi, a popular Chinese taxi-hailing mobile app backed by Tencent, released its data on Wechat Official Account (didi-taxi) on March 31, 2014. By March 27, the bonus for Didi Taxi app hit 1.4 billion yuan (USD 226.81 million), and its registered users increased to 100 million.
Tencent Financial Performance 2013 Overview
Tencent recently released unaudited comprehensive performance of Q4 by December 31, and audited 2013 annual performance. In Q4, Tencent gross revenue reached 16.97 billion Yuan (USD 2.783 billion), with a 9% QoQ growth and a 40% YoY growth.
WeChat Update Increases New Feature for Dianping
Tencent launched its WeChat 5.2.1 on March 21, 2014, increased a new feature for Dianping, a Cragslist like Chinese review website. It has been over a month since Tencent bought 20% of stake in Dianping, the market guessed wildly about how WeChat could drive its traffic to Dianping without compromising user experience.
It’s Official: Jingdong Teams Up with Tencent
On the morning of March 10, 2014, Tencent and Jingdong (JD.com) together announced that they just reached strategic alliance. Jingdong is going to buy 100% equity, logistics personnel and asset of Tencent’s B2C platform QQ wanggou (wanggou.com) and C2C platform PaiPai (paipai.com), besides, a few stake in Yixun (yixun.com) and the right to buy the […]
WeChat Hit 100 Million Downloads in Google Play
WeChat may be the fiercest competitor of WhatsApp in the world. By August 2013, WeChat got 272 million monthly active users, and over 100 million oversea users. Now WeChat broke another 100 million mark: 100 million times download in Google Play. Poshu Yeung, the vice president of Tencent IBG (international business group), said in a […]