China Tech Newsletter – Nov. 20, 2015

Xiaomi’s Android app store announces 30 billion downloads. The 20 billion milestone was surpassed about five months ago.

Tencent’s Android app store announced 50 billion downloads last month.

Social app Momo reports 204% year-over-year growth in revenues. Mobile gaming revenue increased 287% YoY and premium subscription revenue grew 76%. Mobile advertising, starting out in July last year, recorded US$11 million in revenue.

Paying subscribers grew 43% YoY to 3.3 million. Monthly active users were 73 million, a 21% YoY increase.

Youku-Tudou reports third quarter results.

Jumei reports third quarter earnings.


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