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China Online Shopping Market Comes to a Turning Point

Online Shopping GMV in Q2

Data from iResearch showed that China online shopping enjoyed a relatively fast development. Its GMV attained 872.5 billion Yuan in Q2 2015, up 39.6% from a year earlier, and accounted for 12.3% of the total retail sales of social consumer goods.

The GMV of mobile shopping was 443.5 billion Yuan in Q2 2015, up 133.5% compared with the same period of the previous year. Its growth was much higher than that of online shopping market. It can be seen that mobile shopping has become a key driving force for the online shopping market’s development from this quarter.

iResearch holds the opinion that besides the common promotion activities like discount, coupons, and seckill, the upgrading of the quality goods and services contributed a lot to the growth of the mid-year online shopping promotion. What’s more, brand merchandise and foreign goods improved the general style of the mid-year promotion. In addition, rapid growth of mobile shopping fueled the development of online shopping market in Q2 2015.

Market Structure

B2C has surpassed C2C and became the mainstream of online shopping market. The GMV of B2C market reached 442.1 billion Yuan in Q2 2015, holding 50.7% of the market, up 6.2% from Q2 2014. Meanwhile, B2C market witnessed a growth of 59.1%, much higher than the growth of C2C market, which was just 24.0%.

iResearch believes that online shopping market will have its turning point now that B2C as the main stream surpassed C2C market and mobile shopping became the principal online shopping channel. In the future, branded goods and mobile are expected to be main search engine for the development of the market.

Market Share

In the B2C online shopping market, Tmall.com took a share of 55.6% and JD.com counted for more than 25%. The YoY growth of other B2C companies such as Suning.com and Vip.com were all higher than that of the general growth of B2C market. Meanwhile, in the B2C independent sales market, JD.com accounted for almost 60% while Suning.com and Vip.com occupied around 10% of the market. When it comes to other companies, Xiaomi smartphone official website kept its steady growth.

As the consumers increasingly prefer high quality branded products and mobile internet booms, key players in online shopping market are poised to raise their brand image by introducing more branded goods and imported products. Besides, they will enrich the using scenarios of mobile app to meet mobile shoppers’ individual need while linking online and offline business.

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A Sketch on Chinese Smart Device Users

Among the smart device users, males account for 70%. As for the age structure, most of them are aged from 25 to 35, so the post 80s are the core users.

Smart device users are mostly in South China and East China. Specifically, they are concentrating in Guangdong, Beijing and Jiangsu.

Smart device users are generally middle and high income earners whose monthly family income is averagely 52% higher than that of the people without smart devices.

Middle and senior managers and professionals who hold strong consumption capacity make up a large proportion.

Smart device users generally devote much attention to the quality of life and like to pursue fashion. Some of them are even trendsetters.

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WeChat Will Not Be an Important Online Shopping Channel in The Short Run

Weishang, e-commerce of Tencent’s WeChat, doesn’t go smoothly while having advantage in growth of potential users based on WeChat, a most popular instant messaging app in China.

Those aged 31-40 accounted for 45.4% in overall Weishang users, higher than the percentage of shoppers aged 31-40 in online shoppers via app and PC.

The average accumulated spending on purchasing products on Weshang was 151-400 Yuan in 2014, and Weshang users have a higher percentage in shopping frequency of 2-3 times. iResearch holds the opinion that compared with traditional online shopping, Purchasers’ the accumulated expenditure and shopping frequency on Weshang were both much lower.

The following is the reasons for WeChat users not to buy products on Weishang. Firstly, most of WeChat users haven’t form the habit of online shopping via Weshang. What’s more, the sources of the goods on Weishang are not reliable. Also, it is easy to purchase the Weishang products through other channels. iResearch believes that now users have a low acceptance for shopping on Wechat. Therefore, Wechat will not become the main shopping channel in the short term.

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China’s Mobile Gaming Market to Overtake U.S. Market This Year

China’s mobile gaming revenue this year is expected to be around $5.5 billion, which is a 66% increased when compared to $3.3 billion last year, according to the Chinese Mobile Gaming Report, which has been released by Niko Partners.

The curve shows that the Chnese market’s revenue is expected to overtake that of the USA, which has been dominant for some time. China’s revenue is expected to be $100 million higher, although the average revenue per user is estimated at around $13.10, compared to $27.27 in the United States.

Free Guide: Reaching Chinese Consumers with Mobile

Over 50% of China’s mobile gaming market share is taken by Tencent, which owns the popular WeChat app.

Lisa Cosmas Hanson, Managing Partner and founder of Niko Partners commented “We believe that games become popular because they fill a void for gamers. It is important to evaluate what voids there are in Chinese culture, and then match game development to those as well as to the gamer behavior and characteristics of a good mobile game in a popular genre. With that mobile game developers may find their way to the next big Chinese hit game, because hoping to make it big with an international title lobbed to a Chinese publisher for localization is not an effective path to success”.

The Chinese app and gaming market have been helped by the steady growth in mobile penetration, helped greatly by low cost smartphones from the likes of Xiaomi. Achieving success through the creation of mobile games in China, however, is not easy, as developers need publishing partners to get decent coverage on the various app stores. On top of this, for anyone looking to tackle the market from another country, the Chinese culture and technological trends differ from those in many other countries.

Source: Go-mash

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Wanda, Suning Forge Alliance amid Chinese Companies' Tie-up Frenzy

China’s property conglomerate Dalian Wanda on Sunday inked a “close cooperation” deal with Suning Commerce Group, which will allow the country’s largest electronics retailer to open stores in Wanda’s shopping centers nationwide.

Forty Suning stores will be opened at Wanda Plaza, the developer’s flagship commercial property, in 2015. With plans for more in the future, the two companies said in a joint statement.

Suning owns more than 1,600 outlets across China, together with one of the country’s largest online retailing platforms.

Having lauded Suning’s offline/online synergy success, Wanda chair Wang Jianlin said he expected the deal will make up for Wanda’s offline-online shortcomings.

Wanda has scaled down its traditional department stores, relieving itself of a Karaoke chain following a tug-of-war with online competitors.

The alliance between Wanda and Suning is another collaboration in China featuring powerful enterprises this year.

In May, Wanda forged a “strategic partnership” with China Vanke, the country’s largest residential property developer, to increase price bargaining power amid a lukewarm property market, following its teaming-up with Chinese Internet giants Tencent and Baidu to create e-commerce platform Ffan.com last year.

Suning is also no stranger to strategic alliances. On Aug. 10, online retail behemoth Alibaba announced it was buying an almost 20 percent stake, worth 28.3 billion yuan (4.45 billion U.S dollars), in Suning to become its second largest shareholder, while Suning will buy no less than 28 million new shares in Alibaba for 14 billion yuan.

“We want to develop a new business model to gain the upper hand,” said Zhang Jindong, chair and CEO of Suning, who works with Alibaba on the online front and will work with Wanda to cultivate brick-and-mortar businesses.

Analysts said this represented the typical mentality of Chinese billionaires nowadays.

“The alliance is a win-win for both sides,” Wang said at the signing ceremony.

Source:CRIEnglish

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MIIT-China July Mobile Phone User Base Grows to 1.295 Billion

There were 1.295 billion subscribers of mobile communication services in China as of July 2015, growing 0.13% sequentially and 2.47% on year, and 444.08 million (34.30%) of them were 3G users, 250.52 million (19.35%) 4G users and 937.43 million (72.41%) mobile Internet-access users, according to China’s Ministry of Industry and Information Technology (MIIT).

The July number of subscribers represents a penetration of 94.5% of the country’s population.

There were 240.1 million subscribers of fixed-line telephone services in China in July, translating into a penetration rate of 17.7%.

Mobile phone subscribers in China sent 57.65 billion text messages in total in July, or 1.44 text messages per phone number a day, and mobile access to the Internet resulted in total traffic of 346,681Tb.

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Alibaba Signs Exclusive Deals With Global Brands For China Sales

Alibaba Signs Exclusive Deals With Global Brands For China Sales – News – iResearch Consulting Group// <![CDATA[ var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-5707932-1']); _gaq.push(['_trackPageview']);

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Alibaba Group Holding Ltd. has signed exclusive partnerships with more than 20 apparel brands, including Zara and Timberland, for online sales in China, Reuters reported.

The Chinese e-commerce giant is wooing big international brands as it competes with rivals such as JD.com Inc.

Alibaba said Thursday its fast-growing online marketplace Tmall.com will become the only third-party online sales platform for the apparel brands in China.

In mainland China, a market notorious for the proliferation of fake and knock-off products, bagging international names can boost credibility and signal implicit trust, the report said.

Alibaba also said it will deepen its collaboration with more than 160 brands, including Adidas and Gap.

Arch-rival JD.com recently announced it would begin selling products from US brands, including Converse, Samsonite and major apparel brands, to Chinese customers through a new store on its site.

Last month, Japanese retailer Fast Retailing Co Ltd said it had closed its online Uniqlo store, which it opened in April on JD.com, citing a conflict with its China e-commerce strategy.

Alibaba declined to say whether Uniqlo had agreed to an exclusive partnership with it.

Source:ejisight

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China’s Wanda, Baidu And Tencent Launch Ffan E-Commerce Site

China’s property to leisure group Dalian Wanda Group has given a launch to the e-commerce site with which it intends to compete with market leader Alibaba.

The Ffan.com site is a joint venture with two Internet giants Tencent and Baidu as junior partners.

The operation appears designed to drive consumers to local goods and services and is an open platform that third party vendors can use in a similar fashion to Alibaba’s business to business and business-to-consumer reach. In many cases shoppers will be directed to collect goods at Wanda’s nationwide network of malls and department stores. At this stage the site is only proposing two categories – food and dining, and movies, allowing online booking of tickets at the Wanda Cinema Line theater chain.

More categories are expected to be launched and Wanda has suggested that it could have 100 million loyalty scheme members by the end of the year.

The move into e-commerce was announced a year ago when the three groups pledged to invest $814 million. Since then they have also attracted a further $161 million of venture capital.

Wanda has repeatedly stated an ambition to expand into cultural, leisure and tourism activities and in the last year has bought stakes in Atletico Madrid soccer club, European sports rights firm Infront and its separately listed Wanda Cinema Line subsidiary has bought Hoyts, Australia’s second biggest multiplex chain.

The group also operates malls, hotels, resorts and theme parks.

Source: Variety

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China's E-commerce Bucked Slowdown to Soar in 2014

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Despite an anemic economy, China’s e-commerce trade soared in 2014 thanks to improved internet infrastructure and an increase in cellphone users.

Transaction volume of Chinese shopping websites totaled 16.39 trillion yuan (US$2.68 trillion) last year, up 59.4% year-on-year, data from the National Bureau of Statistics (NBS) showed on Monday.

Third-party platforms, like China’s largest shopping website Taobao.com, accounted for 44.3%, while self-operated stores 55.7%. The country’s 20 biggest online websites saw aggregate transactions worth 6.22 trillion yuan (US$1 trillion), making up around 90% of all third-party platforms.

Chinese businesses have turned to the internet to offload stocked goods in a bid to cut costs and increase profits against economic headwinds, while price-sensitive consumers appreciate online shopping for its convenience and a variety of choices.

NBS official Sun Qingguo said the booming internet, especially the pervasive mobile network, created an intimate bond between buyers and shopping websites and provided ample space for the development of e-commerce.

China boasted the world’s largest 4G network and 361 million online shoppers by the end of 2014.

Stellar growth in e-commerce has lifted online payment and logistics companies as well, Sun said. China overtook the United States to top the world in terms of the business volume in express delivery in 2014.

Sun predicts surging e-commerce will generate fresh consumption demand, prompt a new investment wave and encourage innovation and entrepreneurship across the country.

Source:Want China Times

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China Web Users Prefer Smartphones Over PC, Tablets

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Currently, China has the largest penetration rate for smartphones, as stated by the report released by the Global System for Mobile Communications Alliance.

Figures from China Internet Network Information Center (CNNIC) suggested that China’s total internet population rose by 18.9 million in H1.

Moreover, rural web development is happening fairly slowly; China’s rural web users have grown by just 8 million over the past six months, according to CNNIC. Mobile online services saw corresponding gains, as mobile payment users grew to 276 million and mobile e-commerce users hit 270 million.

In fact, Asia Unhedged expects to see a similar jump mirrored in other sectors, such as the online use of consumer and commercial banking.

The report shows that mobile business applications have become a major force driving internet economy, while the usage of traditional internet applications including email continues to decline. Most probably don’t own a computer or have Internet access in their homes, so this is most likely their only way to connect to the Internet.

CNNIC’s report speaks to the incredible size and growth of China’s internet, but it should also be a wake-up call to those China observers who believe the entire country is as developed as Beijing and Shanghai.

The proportion of Internet users who use tablets to go online dropped by 1.1 percentage points to 33.7 percent between January and June.

The report also says that the number of female Internet users has increased slightly faster than the average growth, though 55 out of every 100 Internet users are men and 45 are women.

Source:Bulletin Leader

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P2P Industry Expands Quickly in China

Peer-to-peer lending and investing, commonly known as P2P, has been booming in China since 2012. According to statistics from China Industry Research Net, the P2P sector saw more than 100 percent growth in 2014. And with the release of China’s new Internet finance guidelines, many say P2P is headed for further expansion in ways that could change people’s lives.

Jiang Zeyang began using peer-to-peer online investment services a year ago. Working at an investment company, he sees P2P as a perfect way to increase his deposits.

“The stock market fell a lot a month ago. We ordinary people better not go into this kind of highly risky investment. If putting the money in the bank, the interest rate is too low. P2P investing is convenient and offers higher returns. You can finish the whole procedures of investing through your mobile phone, without waiting in long queue in the banks and preparing for all kinds of documents,” Jiang said.

Peer-to-peer investing is the practice of lending money to unrelated individuals, or “peers”, without going through a traditional financial intermediary such as a bank.

Thanks to China’s huge number of Internet users and streamlined applications, the country’s P2P industry has seen soaring growth since 2012.

“We use big data to simplify our customers’ application procedures for loans. They only need to fill in three or four information blanks. Our customers can get their loans as little as ten minutes and for as much as 10,000 yuan,” Yirendai.com CEO Fang Yihan said.

“Lenders can visit our website to choose who they want to send their money to after researching all the necessary information of qualified loan creditors.”

Most Chinese P2P companies choose their loan applicants carefully, but their ultimate aim is to help an under-served market.

“One difference between internet finance companies lies in their target customers. Internet finance companies aim to serve micro-and-small-sized enterprises and those needing small loans, which the traditional finance institutions do not cover,” Fang said.

The government says the Internet has become a major driver of China’s economic development and has dramatically changed Chinese society. And things are set to change even more, with the introduction of Internet Finance in the new “Internet Plus” plan. For many ordinary Chinese, it can further transform their ideas about wealth management and life style.

Source:CCTV

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iResearch Analyzes China Infant Milk Powder Shoppers' Online Behaviors Features in Q1 2015

There is a saying that “Women and children’s money is easiest to earn for businessman” in China, and Maternal and Child market is a vital field for the players to make money from women and children. The GMV of China online maternal & child market will possibly reach 2 trillion in 2015. Apart from integrated e-commerce platform like Taobao, Tmall, JD, Dangdang, Suning Redbaby Channel and Amazon.cn, a number of maternal & child social e-commerce represented by Babytree, Yaolan, Leyou, Gb, Kidewant, Beibei and Mamawenda are booming. Because of the prosperous market, thousands of feeds emerge on social networks, within which lies great value. based on the data from CommentsPlus, the article aims to explore the current situation of China mainstream maternal & child community forum and offer an authentic picture of China infant milk powder with mass-expression analysis service by iResearch CommentPlus.

Among the mainstream maternal & child community websites, Babytree had the most unique visitors, accounting for 61.63%. Welaiwang also attract over 50% in unique visitors, especially, its news channel was more frequently visited compared with the others. The following is Mama, Yuer and Yaolan. Meanwhile, Sohu Baobao Channel, iYaya and Sina Baby Channel ranked low. When it comes to page views, Weilaiwang got the first place with a share of 33.39% and its channel with most PV was also the news. Mama ranked second and its Guangzhou, Shenzhen city channels and 91baby forum contributed most.

Among hot terms on e-commerce website searched by the infant milk powder shoppers in Q1 2015, winter clothes such as down jacket, sweater and woolen coat received most attention. Besides, terms on electronic products like mobile phone including Mi and iPhone 6, Tablet PC and iPad were also searched frequently. Similarly, the products with most attention in maternal & child hot search terms could also be divided into two categories. One of the categories was products for the pregnant, for example, the mother dress, maternity dress, bags-just-yet and pants for pregnant women. The other category was baby supplies like milk powder, breast pump, safety seat and crib. It was worth mentioning that the most popular branded products were Kao diapers, Huggies diapers and Pigeon feeding bottles in the period.

Seen from the gender distribution of online infant milk powder shoppers in Q1 2015, the males hold a share of 47% in the shoppers, implying that fathers also played the important roles in parenting though mothers were still the main force. As for age of the shoppers, 59% of shoppers were at the age between 25 and 30 years old, in line with the “late marriage and late childbirth” trend of China. Meanwhile, young shoppers under 24 accounted for 17% of all the infant milk power shoppers.

Seen from the hot topics in maternal and children communities and forums in Q1 2015, during the 3rd – 5th month in the pregnancy, the pregnant extremely concerned about whether their nutrition status meets the needs of pregnancy especially when some symptom appears, for example the belly is too small or the calves cramp. Experienced moms will answer others’ questions based on their own pregnant experience. For instance, they advise that moms needn’t to be too worried about matters of nutrition and the size of their bellies as long as the result of pregnancy test is normal. Moms can have appropriate nutritional supplement if they feel themselves weak. Under that circumstance, milk powder for pregnant women is a good choice for them.

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JD.com Launches "U.S. Mall" to Offer Authentic American Products in China

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JD.com, Inc. (Nasdaq:JD), China’s largest online direct sales company, today announced the launch of its U.S. Mall, a new channel on the company’s JD Worldwide cross-border platform dedicated exclusively to offering authentic imported U.S. products for sale to its customers in China.

Some of the recently signed American brands that JD.com features include Converse, Samsonite, Ocean Spray and several major apparel labels that are part of the Global Brands Group (SEHK:787), including Nautica Kids and Jeep apparel. In addition, JD.com announced today that it will feature authentic products from Taylor Swift, including a line of clothes that the artist is designing exclusively for JD.com customers.

JD.com also announced a partnership with DHL Global Forwarding to help American brands ensure that their products reach Chinese consumers more quickly and easily. Through this partnership, DHL is the preferred logistics service provider for moving American products ordered on JD.com’sU.S. Mall to and across China.

The launch event, hosted by JD.com founder and CEO Richard Liu, includes several hundred representatives from major U.S. brands.

“As American companies increasingly understand our core advantages of zero tolerance towards counterfeits and unparalleled same-day delivery capabilities, we are gaining excellent momentum attracting U.S. brands to our site,” said Mr. Liu. “Chinese consumers appreciate that the United States is a global leader in the areas of product reputation, quality, reliability and variety of goods, and American companies are clearly benefiting from this unprecedented market opportunity.

“With JD.com’sU.S. Mall up and running, and great partners like Global Brands on board, Chinese consumers have an ever-growing range of new choices of American products, including Nautica Kids, Converse and Taylor Swift’s branded fashion line. We couldn’t be happier to be working with DHL, a brand synonymous with superior international logistics, to help get these products into the hands of Chinese consumers with the speed and reliability our customers have come to expect.”

“With increasing demand for ‘Made in America’ products, Chinese consumers are buying American products from JD.com at an exponential rate, with exports from the U.S. into China in 2014 totaling over $123 billion,” said Alfred Goh, Senior Vice President & Global Head, Fast Growing Enterprises, DHL Customer Solutions and Innovation. “With our full suite of logistics solutions, DHL is well positioned to provide Chinese consumers with easy access to U.S.-made products, while improving overall supply chain efficiency for the retailers. All consumers globally expect their orders to arrive promptly and our extensive network and reliability will help JD.com extend quality service to its customers.”

“We are thrilled to be partnering with JD.com, the leading platform for upwardly mobile Chinese consumers seeking quality American brands and products,” said Bruce Rockowitz, CEO and Vice Chairman of Global Brands Group Holding Limited. “Online shopping has become an increasingly important trend in the Chinese market. Through our strategic partnership with JD.com, we look forward to making even more leading American brands available through this innovative platform.”

At a Beijing event earlier this year with U.S. Ambassador to China Max Baucus, the company launched a trial offering of fresh produce including Boston lobster, California wines and fruit from the U.S., and food products from brands including Ocean Spray, Ghirardelli, Silk, Starbucks, Organic Valley, Mars, Quaker, Dead Guy Ale, Sun-Maid and Pringles, among dozens of others. The new U.S. Mall builds on the success of these efforts and brings a whole new range of U.S. products to the Chinese market in categories including apparel, cosmetics, electronics and baby products, among many others.

For global suppliers, JD offers a simplified handling process for cross-border transactions, including recommendations on operational and international logistics partners that businesses can use to reduce costs and improve the efficiency of selling through the JD Worldwide platform. As global companies look to reach the rapidly growing Chinese market without the typical logistical challenges of doing business there, the JD Worldwide platform provides an easy entry point without a huge time investment.

The launch of the U.S. Mall marks the company’s fifth sales channel dedicated to coveted national products, with others to follow based on customer demand in China. Online malls announced so far in 2015 cover Australia, France, Japan and Korea.

The company will hold an additional business session for its partners later this week in the Los Angeles area.

About JD.com

JD.com, Inc. is the largest online direct sales company in China. The company strives to offer consumers the best online shopping experience. Through its content-rich and user-friendly website jd.com and mobile applications, JD.com offers a wide selection of authentic products at competitive prices and delivers products in a speedy and reliable manner. The company believes it has the largest fulfillment infrastructure of any e-commerce company in China. As of March 31, 2015JD.com operated 7 fulfillment centers and a total of 143 warehouses in 43 cities, and in total 3,539 delivery stations and pickup stations in 1,961 counties and districts across China, staffed by its own employees. The company provides standard same-day delivery in more than 130 counties and districts, and standard next-day delivery in more than another 850 counties and districts across China.

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China's Mobile Phone Users 94.5 Pct of Population

The number of Chinese mobile phone users accounted for 94.5 percent of its total population by the end of June, latest data showed.

In the first half, China saw 6.88 million new mobile phone users, bringing the country’s total mobile phone users to 1.29 billion, the Ministry of Industry and Information Technology (MIIT) said in a statement.

The ratio of mobile phone users to population was higher than 100 percent in nine provincial-level regions, including Beijing, Shanghai, as well as provinces of Guangdong and Zhejiang.

The number of users choosing broadband mobile Internet services (3G and 4G services) reached 674 million by the end of June, accounting for 52.1 percent of all mobile phone users.

Fourth-generation (4G) mobile network, which offers faster Internet access than previous modes, witnessed explosive user growth last month, with total 4G users up 24.69 million from a month earlier to 225 million.

Source:Shanghai.com

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China Unveils Guidelines For Internet Finance

China has published its first guideline for the development of Internet finance.

As CRI’s Luo Wen reports, the country is expecting the development of the emerging industry to help encourage innovation and entrepreneurship.

The guideline was jointly released by ten central government ministries and industry regulators, including the central bank, the Ministry of Finance and the China Securities Regulatory Commission.

It was rolled out less than one month after the country unveiled an action plan for its “Internet Plus” strategy that is expected to bolster an innovative economy.

The guideline includes a raft of policies and measures that aim to standardize the development of Internet finance, encourage innovation and increase awareness of risk control among internet-based financial institutions.

It promises support for financial institutions to open online banking, insurance and securities businesses and Internet companies to set up online payment service, build online lending platforms and equity and crowd financing platforms.

It also says eligible institutions will be encouraged to get listed on the main board and growth board, while smaller institutions can enjoy tax concessions at the start-up stage.

Professor Yang Dong with Law School of Renmin University of China says the development of internet finance will benefit micro and small-sized enterprises with easier access to investment and wider channels to raise funds.

“To develop inclusive financial system to enable micro, small and medium-sized enterprises to get more financing conforms to the current economic situation of China and provides the foundation for the real economy to develop and for the masses of people to participate in starting new businesses and making innovations.”

Internet finance refers to loans, investments and other financial services provided through online channels rather than through traditional banks and other financial institutions.

Last year, the industry registered over 300 billion yuan, or nearly 48 billion US dollars, in business volume.

The sector involved about 390,000 employees last year and served more than 2 million enterprises, with about 60 million people working in relevant industries.

The guideline also stipulates that the people and organizations engaging in Internet Finance must abide by certain rules.

It pledges protection of consumers’ rights and information security and underscores self-discipline among Internet finance players.

Yang suggests there should be a certain threshold for market entry.

“The platforms that are not up to the required qualification and incompetent in risk control and in internet technologies should be locked out of the market, leaving only the good ones that really serve the real economy, inclusive financial system, the common people and the sustainable development of the Chinese economy.”

According to the guideline, a credit information sharing platform will be built for market players, while the credits of online finance companies will be rated.

Meanwhile, it calls on government departments at all levels to actively encourage innovation in e-finance platforms, products and services.

Government departments are also urged to cut red tape and improve related fiscal and taxation policies to pave way for the industry’s development.

Source:CRIEnglish

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New Post has been published on China E-commerce Market Resources

New Post has been published on http://www.2chinable.com/chinas-didi-kuaidi-starts-commuting-shuttle-service/

China's Didi Kuaidi Starts Commuting Shuttle Service

China’s taxi-hailing app Didi Kuaidi began its shuttle service for commuters in Beijing and Shenzhen on Thursday, offering an alternative to existing transportation methods such as bus and subway.

The internet firm currently offers 33 bus routes in Beijing and 10 in Shenzhen, using shuttle buses from tourism agencies and car rental firms. Riders can sign up for the shuttle service on Tencent’s instant messaging app WeChat and is charged on a pay-as-you go basis.

Didi Kuaidi already dominates China’s online taxi-hailing market and is competing with rival Uber and CAR Inc. for ride-on-demand service, the commuting shuttle is the latest addition to its transportation offerings as the company, with more than 3.5 billion dollars in cash reserves, seeks to make a dent in what it sees as a 16.1 billion dollar intelligent public transportation market.

The service aims to improve the commuting experience for office workers aged between 20-40 years in the two cities, especially those whose traveling needs are not met by existing public transportation, said Li Jinfei, a manager who runs the shuttle service at Didi Kuaidi.

The shuttle routes going directly from home to work will save many the troublesome transfer between subways and buses.

For Zhang, who lives in the west end of Shenzhen but works in the city center, the service will make a real difference in how he commutes.

“The subway is too crowded and taking a taxi is too expensive,” said Zhang, who signed up for a shuttle connecting his home to his workplace.

Didi Kuaidi does not own the shuttle that runs its service and instead use those that sit idle at travel agencies and car rental companies. The shuttle routes are formulated based on travel needs riders submit online.

Didi Kuaidi says it will increase shuttle routes to 100 in the two cities by the end of July based on riders’ commuting needs and expand into other cities, though it didn’t specify which.

The company announced last week that it has recently completed a fresh round of financing of 2 billion dollars from existing stakeholders such as Alibaba, Tencent, Temasek and Coatue Management, as well as several new investors like Capital International Private Equity Fund and Ping An Ventures.

Source: Englisheastday.com

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New Post has been published on China E-commerce Market Resources

New Post has been published on http://www.2chinable.com/china-will-make-up-15th-of-the-global-mobile-gaming-market-this-year/

China Will Make up 1/5th of The Global Mobile Gaming Market This Year

China Will Make up 1/5th of The Global Mobile Gaming Market This Year – News – iResearch Consulting Group// <![CDATA[ var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-5707932-1']); _gaq.push(['_trackPageview']);

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China has come online with smartphones at an incredible rate, and this has it on pace to rule the world when it comes to spending on smartphone and tablet games.

The Asian superpower is set to generate approximately $6.5 billion in revenues this year with games like Hearthstone taking a respectable chunk of that, according to industry intelligence firms Newzoo and TalkingData. That’s more than triple the $1.8 billion the country generated for mobile games in 2013, and it’s also up significantly from the $4.4 billion in 2014. And that growth has the country primed to displace the United States as the most lucrative mobile-gaming territory on Earth. This spike in growth in China as the iPhone 6 and iPhone 6+ have found significant success in that market, and this — combined with Android’s existing popularity — has more Chinese people playing games on their smartphones than ever before. With worldwide spending on iOS, Android, and other phone platforms set to reach $30.1 billion this year, China alone will make up more than 20 percent of that.

Newzoo predicts the U.S. will generate around $6 billion, so more than 40 percent of mobile spending worldwide happens in these two countries. This is why more developers are trying to build games that are easier to localize and make appealing to audiences both in the East and West. But it’s not as easy as building a universally appealing game, and that’s because the Chinese market is still such a labyrinth.

While iOS is growing in China and giving developers a simple way to reach a ton of consumers in that country, Android is still a confusing mess, where developers need to partner with middlemen to have a chance at viability. Google Play has a minuscule presence in China, and dozens of Android app store alternatives have popped up in its place.

“Globally, Google Play will take 38 percent of the [revenue] pie, while other Android app stores will account for 18 percent of total revenues,” reads the Newzoo report. “Most impressively, local Android app stores in China alone will generate revenues of $3.6 billion in 2015, or 12 percent of the global mobile games market.”

Apple’s mobile operating system, however, will make $12.5 billion worldwide, which is 42 percent of expected global revenues. Of that total, China will produce $2.3 billion.

“The remaining $600 million from China’s mobile games market is generated by Google Play and feature phones,” reads the report.

But even while Android is larger in China, Apple has a chance to surge ahead by offering a wider variety of app experiences. That’s because foreign developers can avoid working with Chinese publishers and distributors — and evade giving up 60 percent or more of their revenues to other companies — by simply going iOS exclusive. This option is likely looking more and more appealing because Apple is growing rapidly in China.

“The iPhone 6 surpassed the iPhone 5s just this May as the most used iOS device in China,” reads the report. “Illustrative of Apple’s successful move to bigger screens is the fact that the iPhone 6 Plus took third position following a month-on-month jump of 27 percent, or an astounding additional 10 million devices used, compared to April. These recent developments will most probably lead to an upward adjustment of projected iOS game revenues for China.”

Source:VentureBeat