Tag Archives: Top Stories

Top Stories Tamfitronics The total number of monthly active users on WeChat reached 963 million, an increase of 19.5% YoY according to Tencent’s latest financial results. QQ MAUs dropped 3.9% to 662 million.Tencent achieved 59% YoY revenue growth in Q2 2017 to RMB 56,606 million (USD8,356 million), driven primarily by smart phone games and PC games, payment related services, online advertising, and digital content subscriptions and sales.Value Added Services Revenues increased by 43% to RMB36,804 million for 2Q2017 on a YoY basis.Online games revenues increased by 39% to RMB23,861 million, primarily driven by revenue growth from Tencent’s smartphone games, including existing titles such as Honour of Kings, and new titles such as the China version of Contra Return, Dragon Nest Mobile and Legacy TLBB Mobile, and from our key PC titles such as LoL and...

Top Stories Tamfitronics In 2016, 83% Chinese users use multi devices for social shopping,  78% for online shopping according to McKinsey Digital Consumer Survey.E-commerce retail sales account for over 50% of China’s total product value in lower tier cities; online shoppers growth rate is 61%, higher than that of the first-tier and second-tier cities.The number of online shoppers in third-tier cities and below reached 257 million.The proportion of WeChat online shoppers doubled in 2016 with 31%.Users who shop on JD.com via WeChat account for 32%, slightly more than that of other shoppers on WeChat.Cross-boarder online shoppers in the first-tier and second-tier cities are more than shoppers from the third-tier and fourth-tier cities.Shoppers from the first-tier cities spend 40% of their total expenditure on health care products, while shoppers from the second-tier cities tend to spend 50%...