China Tech Newsletter – May 12, 2015

Source:iiMedia Research
Source:iiMedia Research

About 60% of Chinese mobile users downloaded apps from independent app stores, such as Qihoo’s 360 Mobile Assistant, Tencent’s MyApp and Baidu’s, in the first quarter of 2015, according to the latest report by mobile market research firm iiMedia Research. (report in Chinese)

Increasingly more users download apps through stores preloaded in brand smartphones such as Xiaomi’s and Huawei’s. Apart from app stores, app downloads were mainly through mobile browsers like UC Web, mobile payments app like Alipay Wallet or search services.


4G phone shipments in April increased 470% year-over-year to 38 million, according to the latest report by the China Academy of Information and Communications Technology. 3G phone shipments decreased by 92% year-over-year to 2.44 million. (full report in Chinese)


Yunmanman, mobile app developer aiming to connect truck drivers and suppliers, announced Series B round of financing led by Sequoia Capital and joined by returning investor Lightspeed China Partners. (via iyiou.com)

Its competitors include Eunke, which announced Series B funding earlier this month, and oTMS, which raised US$6 million in Series A round of funding in late 2014.


YY reports first quarter earnings. Online dating revenue saw a 1700% year-over-year increase that accounts for 11% of its total revenues. Paying users were 192,000 and ARPU was about US$110. A separate mobile app for dating will launch later this year, according to the management.

Live game broadcasting made RMB90 million (about US$15m) in loss in the quarter. The company planned to invest RMB700 million (about US$113m) into the business this year and expects it to generate RMB300 million (about US$48m) in revenue by year end.

Its own online education platform and the newly acquired ed-tech startups contributed 2% of the total revenues. Revenues from online music business and gaming increased 54% and 29% year-over-year, respectively. Total revenues grew 73% year-over-year.


Aliyun, Alibaba’s Cloud computing arm, will establish a joint venture with Dubai-based Meraas Holding to provide system integration services to private companies and government institutions in the MENA region.


Zhejiang Cainiao Supply Chain Management Co., Alibaba’s logistics affiliate, has launched a three-hour delivery service. It is currently available with five pharmacies on its Tmall marketplace in five cities and plans to expand to 19 cities by year end.


Apple is in talks with Alibaba Group and local banks on bringing Apply Pay to China.


51Job reports first quarter results.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s