Dec 15, 2017 – 4.2 billion yuan ($636 million) investment for a 5% stake in Yonghui Superstore Co Ltd, a superstore with 600 locations in China Jan 23, 2018- potentially acquiring 1.7% stake in Carrefour Jan 29, 2018 – 14% stake of Wanda for 34 billion yuan ($5.4 billion) Jan 31, 2018 – 2.5 billion yuan ($396.91 million) investment for …
During the WeChat Conference 2018, WeChat released these data about WeChat Mini Program: By Jan 2018, developers published 580,000 Mini Programs Mini Programs attracts 170 million Daily Active Users More than half of the user traffic is from one single game Tiao Yi Tiao (挑一挑): 100 million DAU 50% of WeChat Mini Program users are from tier 3 or lower cities …
Allen Zhang, the creator of WeChat, gave an inspirational talk at the WeChat Annual Conference in Guangzhou. Here are the 8 trends for WeChat in 2018. WeChat is going to launch a separate APP for Official Accounts Allen announced WeChat will soon to launch a separate APP just for WeChat Official accounts. He indicated the team has been working on this …
Most people think of Tencent as the most successful company in China that build great products such as WeChat and QQ. However, during its quest to conquer the Chinese internet, it launched many test products and many have failed miserably. Today we will take a look at a few of these failed attempts of Tencent and try to predict what’s next. …
December 18th, Tencent and JD respectively spent $604M and $259M USD to invest in Vipshop, the 3rd largest e-commerce store in China. After the investment, Tencent and JD own 7% and 5.5% of Vipshop. Tencent becomes the second largest shareholder of Vipshop. The investment pricing was 55% percent above the share price of the previous day. Let’s look deeper into …
China’s largest artificial intelligence (AI)-powered content platform, Toutiao, is getting a lot of media attention. Toutiao is currently looking for a new round of investment, with a $30 billion USD valuation, according to the news website The Information. Today we’ll dig deeper into the Toutiao ecosystem. Toutiao App Toutiao is a news display App. It’s specialized in display algorithms that recommend personalized …
News #1: WeChat Shop Mini Program is released! WeChat has just lowered the barrier for Chinese companies to start an e-commerce business. It just released the WeChat Shop Mini Program: a mini-program available to all Chinese WeChat Official Accounts directly from the WeChat Official Account back-end. What does the Mini Program shop looks like? The shop follows the WeChat UX guidelines: …
This week, I had a new retail shopping experience at Hema Supermarket, a retail store launched by Alibaba. What’s special about this supermarket? And does it make sense for Alibaba from a business standpoint? Data data data A traditional supermarket gets limited payment data at the check out. But Hema knows everything about their customers: phone number, the product that …
Today we’re deep-diving into a company that managed to drive hundred of millions of RMB of e-commerce sales by combining videos and social e-commerce on WeChat. The company is called Yitiao and it’s an impressive case study. Company overview About the company: Yitiao is a short-video focused content producing brand on WeChat started in 2014. It started to focus on e-commerce …
You can now make a profit with your WeChat Wallet Last week, WeChat Pay started testing a new feature called Lingqiantong (零钱通), a flexible money-market mutual fund. There is no minimal investment amount, and users can spend their deposit at any time without fees. To give you a better idea of the yield, I made 17.64 yuan in August with 5,000 …
