It is a well-known fact that every other teenager in China wants to become an “influencer”, “KOL” or “WangHong” (网红): a social media personality with a large following and glamorous lifestyle.
Flash Sale originated in the United States a few years ago. It was defined as “providing consumers with a limited number of goods at the maximum discount, purchasing within a time limit, and off shelves immediately after deadline”.
Age distribution of mini-programs is extremely balanced, although leaning toward younger users (only 15% of users are above 40 years old).
Usage of mini-programs is getting more widespread: the proportion of users below 18 years old grew from 5% to 7% from Q1 2017 and Q1 2018, while the proportion of users above 40 years old grew from 10% to 15%.
Burgundian wines flourished internationally in 2018, but why it has not influenced too much in China?
On March 8th, Tencent invested a total of 1.09 billion USD into Douyu and Huya, 2 of biggest game live streaming companies.
A recent WeChat Mini-program report shows very positive trands of Using Rate.
Alibaba made a move to purchase food-delivery leader Ele.me for $9.5 billion USD, according to ifeng.com.
The Chinese e-commerce giant already owned a 23% stake in the company after investing almost US$1.2 billion in it, a bargain compared with the current acquisition pricetag.
In a country where more than 75% of the population listens to music, China’s music market is still very little developed compared to major powers like the United States. Developing and commercializing music in China remains an enormous challenge for the players, due to government regulations, the musical culture of individuals and how to establish themselves in the market.
The 30-days countdown to Single’s Day 2018 started! The annual e-commerce war has started earlier than ever. Here are 5 news worth knowing for this week!