China Tech Newsletter – Mar. 17, 2016

Source: Tencent
Source: Tencent

WeChat monthly active users (MAU) reached 697 million at the end of 2015, a 39% year-over-year growth, according to Tencent’s latest earnings. MAU of QQ mobile app increased 11% year-over-year to 642 million.

Messaging app users that have bundled bank accounts have surpassed 300 million, the management said during the earnings conference call.

Smart phone games revenue saw 53% year-over-year increase in 2015 to RMB21.3 billion (about US$3.3 bn).

Over 65% of the total advertising revenues in 2015 was from mobile.

In Q4 2015, 52% of the total revenues was from online gaming, 23% was from premium subscriptions and 19% from advertising.


LeEco, formerly LeTV, reports 91% year-over-year revenue growth in 2015.

Of the total revenues, RMB13 billion (US$2 bn), 20% was from online advertising on LeTV.com, 29% was from premium subscriptions and publishing, and 47% from smart device sales.

Average daily unique visitors to Letv.com, an online video streaming service, were 76 million in 2015 and 130 million in the fourth quarter of 2015. Average daily video views in 2015 were about 300 million.

The smart device business booked RMB6.1 billion (US$94mn) in revenue, a 120% year-over-year growth, and RMB2.1 billion (US$32mn) in net loss.


Qunar Q4 and full year 2015 results & earnings call transcript


Ctrip Q4 and full year 2015 earnings & conference call transcript


eLong reports fourth quarter and full year 2015 results.


Cheetah Mobile reports fourth quarter and full year 2015 results.

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