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Alibaba and Tencent just released their earnings for the period of January to March 2020. A good opportunity to assess the extent to which COVID-19 impacted Chinese online platforms. Alibaba’s Q1 2020 results Alibaba saw overall very good performance YOY, due to the strong resilience of the e-commerce sector. Alibaba E-commerce revenues grew 19% YOY, while Tmall Online Physical Goods …
With 1.1 billion monthly active users, most brands would consider WeChat a must-have when promoting to China. But where else should you promote your brand in China? Today we deep-dive into four platforms: Douyin, Kuaishou, Little Red Book, and Bilibili, in order to help you pick the right one for your brand in China. Douyin Douyin, as most of our …
Douyin live-streaming generates lots of buzz lately: Luo Yonghao, the tech KOL & ex-founder of Smartisan smartphone, sold 168 million RMB during his 1st campaign Celebrity Li Xiaolu sold 35 million RMB in her 1st campaign Chairwomen of Glee, a large electronic brand, sold 232K RMB Is Douyin live-streaming the next channel to spend your marketing budget? Or is it too …
Quest Mobile Female Consumption Trend Report Quest Mobile released the Female Consumption Trend Report. WeChat is the top traffic source for Taobao (excluding direct traffic) among female consumers: 18.8% of Taobao female consumer traffic initiates from WeChat. In contrast, Weibo only contributes to 1.7% of the Traffic despite the deep integration with Taobao. Douyin is the 2nd largest traffic source …
The COVID-19 epidemic is deeply affecting companies across the globe. However, China is already way past the peak of the outbreak. What can Western brands learn from the experience of Chinese companies over the past few months? Three phases to the epidemic: Peak, Recovery and Bounce Back The peak of the epidemic in China was reached between the middle of …
Tencent continues to lose market share in mobile time usage to Toutiao Back in the good old 2016, the Tencent ecosystem used to represent over 50% of the time Chinese users spent on mobile devices (source: Mary Meeker’s report). Now Tencent only takes up 42.9% of user’s time. This lost market share goes to Toutiao, the parent company of Douyin, …
Amid the Covid-19 epidemic, Tencent released its Q4 2019 results. The performance is overall good, with a large uptake of Mini-program transactions and revenues from FinTech sector. A service ecosystem moving toward Fintech Tencent seems determined to stand out among Tech giants. It definitely doesn’t want to be an advertising company and is even diversifying away from gaming revenues. Instead, …
The covid-19 epidemic has shed concern over the world’s health and economy. The impact of the epidemic on e-commerce remains however unclear. How did the covid-19 impact the Chinese e-commerce sector, and what trend can we expect in the coming weeks? Fashion sales slump, cosmetics, and F&B remain strong As most of the population in China went into voluntary quarantine, …
WeChat recently launched a short video feed called Channels… what do we think about it, and most importantly, what do Chinese Key Opinion Leaders (KOLs) think about the new feature? WeChat Video Channels WeChat short video platform looks very similar to the Facebook timeline. Surprisingly, this means its UX is also very different from other short-video platforms such as Douyin …
Back a couple of years ago, WeChat seemed like an unstoppable force. It was completely dominating the Chinese social media landscape, was beating Alibaba in payments and was making forays into e-commerce. Fast-forward to 2020, and users are already spending more time on Douyin than they are on WeChat, swiping for hours between short videos. What went wrong? Too disruptive …