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Showing posts with label Chinese. Show all posts
Showing posts with label Chinese. Show all posts

December 27, 2016

china based Ofo to launch bike hailing rental service in US and UK

chinese based Ofo bike sharing service to start its US business"
Mobike locates its vehicles via an integrated GPS. Ofo -- so-named because the word looks like a bicycle -- does so by tracking the smartphones of its riders and sending a code to unlock the bike.

If Chinese entrepreneur Dai Wei has his way, Silicon Valley engineers and London college students will soon be able to ride bicycles made by one of the oldest makers in China, with the swipe on their smartphones.The 25-Year-Old chinese who owns $500 Million Startup Ofo is all set to Fuel China Bike-Share Battle and is set to take this overseas.However instead of selling the bicycles, the 25-year-old Dai wants to persuade cyclists to share them through his startup’s “Uber for Bicycles” business model. Dai’s Beijing Bikelock Technology, also known as Ofo, is poised to ship 20,000 China-made bicycles to the United States and Britain after the Christmas holidays to begin the bike riding service.

The cycle-sharing startup, known as Ofo, won about $100 million backing in September from investors including the venture fund backed by Xiaomi Corp. founder Lei Jun and Didi Chuxing, the ride-hailing giant that just beat Uber Technologies Inc. out of China.However Ofo is setting its sights outside China to survive competition with 17 bicycle-sharing apps on the mainland. However the idea of bike sharing is not a new concept.Bicycle-sharing is hardly new. From London’s Boris Bikes to Taipei’s plan to encourage commuters to ditch their motor vehicles, there are about 640 bicycle-sharing systems operating around the world, with more than 640,000 of the two-wheelers in use. It’s a market that may expand by 20 per cent annually to generate as much as US$5.8 billion in sales by 2020, according to a forecast by Roland Berger, a consultancy. 

What makes startups like Ofo and Mobikes stand out is it allows users to hail a bicycle via their smartphones, and return them wherever they want, instead to set locations. The company goes around after peak hours to collect the bicycles, returning them to pickup points for which it used big data analysis as in-demand areas.The company collects 1 yuan per hour for using its bicycles, and is on the verge of breaking even, Dai said. Ofo plans to charge US$1 per hour for the US market.The  business today has spread to 100 campuses all around China, with 32,918 and counting Ofo bicycles in use, and funding to the tune of 9 million yuan. Starting as a campus project for university students, Ofo is now available in 22 Chinese cities with 5 million registered users.

Ofo was established in September 2015 by three Peking University Cycling Association members who just wanted people to ride bicycles anytime and anywhere. Each bike has its own unique license plate number and QR code, as well as a keypad lock. All you have to do is scan the QR code on the bike, then register on the Ofo bicycle WeChat public account (ID: ofobike). From there select the "use bike" option, Input your phone number, wait for the authentication code text message and then enter the bike license plate number. The keypad lock code is given after that, and then you're ready to ride.To better serve overseas users, Ofo said it will soon launch an English-language app. Shanghai Phoenix Bicycle Co., the oldest producer of two-wheelers since 1897 and an Ofo vendor, will also make larger bicycles more suited to Western physique.

December 26, 2016

china is now the worlds 3rd largest insurance market

"chinese insurance market : the biggest top 5 players that control the market"

China's insurance market became the third largest in the world last year, driven by five years of growth, the country's main insurance regulator has reported.Total insurance assets in China grew from five trillion yuan ($767 billion) in 2010 to 12 trillion yuan ($1.83 trillion) in 2015, according to figures from the China Insurance Regulatory Commission (CIRC) which were reported by state-owned news agency Xinhua.

However The Bigger Opportunity is yet to on fold The Chinese insurance market has grown at a furious pace in recent years. Between 2000 and 2014, the industry grew about 1,200% in size as measured by written premiums.It is estimated that China’s urbanization rate will increase from 47 percent in 2010 to 59 percent by 2020, meaning 208 million people are expected to move into cities over the period.Among this demographic many would consider purchasing their first insurance products as they move into cities,Another big opportunity is the lack of adequte sum assured among Chinese consumers.Chinese consumers do not have adequate life insurance coverage; China’s sum assured per GDP, which is a measure of insurance coverage, was 33 percent in 2010, only slightly higher than Indonesia’s 28 percent and significantly below India’s 58 percent, not to mention 100 percent and above in many mature markets opening a new customer segment for insurers.

In 2016, the chinese market for insurance is growing by the fastest it has since 2008, with a 43.6% year-over-year rise in gross written premiums at the end of Q3 and a 54.2% growth in monetary value (source: China Insurance Regulatory Commission ("CIRC")). The insurance markets in China’s coastal regions rose the fastest over the past three decades. The top 10 provinces and municipalities in China by P&C insurance premium volume are located mostly in coastal regions such as Guangdong, Jiangsu, Shandong, Shanghai, and Zhejiang 

For the life insurance business, overall accounted for 80% of total premium income in the life market in recent two years  .In the non-life sector, motor insurance has dominated the Chinese non-life market with premium income accounting for more than 70% total premium income. Commercial property insurance, agriculture insurance and liability insurance are the next three most significant product lines . 

November 29, 2016

chinese buyout of american business this year exceeds 100 deals valued over $60billion

"chinese buyout of american business this year is over  100 deals  valued over $60billion "

"top 10 biggest chinese buyout of  foreign business"
Biggest Chinese Firms Buying out Foreign Companies

More money flowed out of China last year than in any year before, though it is hard to say exactly how much. Estimates vary from more than $500 billion to $1 trillion. In 2014, just $134.3 billion left China.In 2016, China's outbound foreign direct investment (OFDI) will likely grow even faster than in previous years,according to a report by the National Committee on U.S.-China Relations and a research firm Rhodium Group.A significant share of that capital outflow has already found a home in North America. So far this year, 72 deals (including merger/acquisition and private placement) valued at over $7.5 billion have closed and 27 new deals valued at over $33 billion targeting U.S.-based companies have been announced.That makes it exactly 99 deals that are valued at more than$60billion as of November 2016. 

This compares to 59 deals by Chinese Companies valued at $2.9 billion closing during the same period last year, per data compiled by S&P Capital IQ. The average deal announced so far this year is also much bigger this yeat, a whopping $1.5 billion, an eight-fold increase from last year. Bearish Stock markets in China has not stopped Chinese firms from going on a buying spree for American companies.Direct investments from China put over $15 billion into transactions in the U.S. last year, a near-30 percent increase compared to the previous year and a new all-time high

Moreover, of 27 deals announced this year, five are valued in excess of a billion dollars each and include high-profile transactions such as the acquisition of luxury hotel owner Strategic Hotels & Resorts by Anabang Insurance Group for $8.2 billion, Ingram Micro by Tianjin Tianhai Investment for $7.2 billion (upon completion of the transaction, Ingram Micro will operate as a subsidiary of TianjinTianhai, consolidated under HNA Group) and GE Appliances by Qingdao Haier for $5.4 billion

According to Dealogic data, Outbound M&A spending took a total of $90.6 billion out of China in 2015.Meanwhile the 10 (mostly state-owned) Chinese companies that spent the most money buying foreign businesses last year did $46.6 billion in deals, representing between 5 and 10% of the capital that left China’s borders.

November 16, 2016

biggest chinese brands with highest revenue from international market

"top 10 made in china brands with highest revenue from international markets"

 Lenevo, Huawaei and ZTE are among the biggest chinese brands with highest international revenue  according to Millward Brand top 100 Chinese Brand data.These 3 Chinese brands have revenues from the overseas market in the range of over 55% combined. About 68% of Lenevo's revenue come from international market,followed by 62% from Huawei and ZTE's 50%. Among the top 10 chinese brands with  high exposure of revenue from the international market include  TCL, Air China,China Eastern Airlines,Petrochina,Hisense, Midea and Sinopec.The These top 10 Chinese companies  combined international market revenue is over 40% on  average 

November 10, 2016

$1 billion online sales in just 5 minutes on chinese singles day

"Singles day eshopping festival in china set to generate record revenues"

"world's biggest online ecommerce sales  in china during Singles' Day shopping festival"

The world’s biggest  online ecommerce sale began at midnight Beijing time on November 10th,2016. when Chinese e-commerce giant Alibaba launched its Singles' Day shopping festival. But perhaps more importantly, this year a number of American brand is  making their debut. Including Levis and Smucker's. Smucker  is using the event to introduce China's more than 1.3 billion consumers to the joys of peanut butter and jelly. Alibaba's online marketplace sale began at 11:00 a.m. EDT. Alibaba reported that it  posted $1 billion in sales within the first five minutes .Going by the trend, Chines singles day online commerce sales will probably exceed $20billion in 2016.In the first hour, order volume reached a record-breaking 175,000 orders per second, according to Clavis Insight. Total sales in the first two hours passed $5 billion, with 84% of sales coming from mobile devices.
Top sellers so far this year included the iPhone 7, Beats headphones and Dyson branded products.Alibaba has being a part of  chinese singles day online shopping sale  on Nov. 11 for seven years nows ince 2009. Last year Alibaba (BABA) booked sales of $14.3 billion on Singles' Day.

 This year, it's estimated the company could sell as much as $20 billion worth of goods, a 40% year-over-year increase over last year, according to New York-based research firm Fung Global Retail & Technology. Close to 100,000 brands, put of which11,000 of them from outside China, will be selling orders on the site, said Alibaba.This year Alibaba is also offering shoppers the chance to make virtual, 360-degree shopping trips to foreign stores that include Macy’s, Costco and Target using a special virtual reality shopping program called Buy+.

September 9, 2016

Chinese first ever online wine festival set to rake in record eCommerce revenues

China is celebrating its biggest online food festival today "Its first ever online wine festival." With more that 100,000 wine and spirits offered across chinese online food ordering websites including ecomerce websites. Chinese ecommerce sites are hoping  a repeat of  world singles day which saw world record ecommerce revenues. The founder behind the event,Alibaba is expecting 100 million of its over 400 million-plus active buyers to take part in what has been dubbed as China’s first online wine festival.According to reports by Decanter China . The official Chinese term for the event is “Jiu Shui” which translates into “alcohol festival,” but wine traders are calling it “Wine Day” in China since the majority of the offerings is wine. Alibaba expects around

In June 2016, Alibaba announced the launch of Wine Direct, a division within Tmall where chateaux and producers will be able to sell directly to consumers in China. And just a week ago, Wine Australia launched a wine store on Tmall selling Australian wine direct to consumers.

January 15, 2016

xiaomi has just set the alarm bells in the mobile industry ringing

chinese smartphone maker Xiaomi has set alarm bells ticking"

 Xiaomi numbers disappointed analysts as  the chinese mobile phone maker " declared that it had missed its target of “80 to 100 million” mobile devices which it was projected to sell by the end of 2015.
According to a post on Sina Weibo (link in Chinese) from co-founder Lin Bin, the hardware company sold 70 million devices last year of falling markets
This comes amidst the slowdown in china as economies around the world, specially the stock markets took a heavy battering as chinese  debt levels  increased sharply, which has resulted in 2 consecutive weeks of bloodbath in global stock markets
That marks an annual increase of about 16%—a sharp slowdown in growth compared to the year before, when it saw sales jump 226%.

December 5, 2015

the price of a smartphone : china vs india


the price of a smartphone : china vs india"
India is among the countries with lowest price of smartphones,The chart shows the difference in price of a smartphone in india vs china. While china  smartphone prices have been driven by additional features  with the price dropping to $210 in 2013. In 2015 it reached $255

However India has seen a drastic fall in smartphone prices . In 2012, a smartphone cost $230 .India 2013 it fell to $165. And in 205, it hit a rock bottom price  of $130.

July 11, 2015

Huawei,Qualcomm and ZTE takes top 3 spot in International patent filings

Chinese giants  Huawei, Qualcomm and ZTE claims the top 3 spot in international Patent Filings"

Chinese giants  Huawei, Qualcomm and ZTE claims the top 3 spot in international Patent Filings

In an indication of " how chinese manufacturing" is trying to get a foothold in the US market,Chinese companies claimed the top 3 spot in international patent filings in US. Chinese telecom giant Huawei Technologies Co Ltd became the world's No. 1 applicant for international patents in 2014.  Another chinese giant , the  San Diego-based chipmaker Qualcomm Inc was no 2. Meanwhile Huawei's rival ZTE Corp, which was the world's leading applicant in 2012, t was ranked no 3 according to the World Intellectual Property Organization (WIPO).

May 14, 2015

another chinese smartphone launch, meziu to launch its m1, smartphone in india at 13,800



While " make in India" rhetoric taking time for Indian own manufacturing industry to kickstart. the The onslaught of Chinese smartphones continues

.Come May 18 and Chinese smartphone company Meizu is setting shop in India to launch their range of smartphones. , Meizu, announced on its official Twitter handle that it would launch  the  Meizu m1 Note in India. With this Made in China smartphones number 4 in this countryw... Xiaomi, Gionee and Oppo and now Meizu.

Meizu m1 Note has a 5.5-inch 1920 x 1080 pixel display covered by Corning Gorilla Glass 3 protection.The smartphone will run on Android 4.4.4 KitKat atop which it has its proprietary Flyme 4 skin. The phone has a 13MP rear camera with LED flash and a 5MP front-facing camera.
The starting price   is expected to be around Rs 13,800

April 26, 2015

web and mobile forms 50% media time in china, digital ads impact 67% purchase decesions

Chinese users spends 50% of the total media consumption time on internet access from mobile and web. Chinese users spend 140 minutes online and a further 111 minutes spent on  mobile out of a  total 6.9 hours of media time .According to a Q1 ,2015 report on mobile consumption trends in china,Inmobi reports that Entertainment and  games forms 43% of most activities done on mobile . In china digital  advertising is a big influencing factor  as compared with TV and other media advertisements and outstrips any other media with a ratio of 3:1 . 

January 13, 2015

Tablet users in China to grow 100% and reach 435million by 2018 ,

Statistic: Number of tablet users in China from 2013 to 2018 (in millions)* | Statista
Find more statistics at Statista

Chinese Tablet users to grow  by 250million,  to  435million by 2018,  a growth of 100% .In 2015  its estimated to reach 328million and  . For 2016 the number of tablet users in China is forecast to rise to more than 370 million.

October 15, 2014

Alibaba to Start Alipay Mobile App Car Rental Service

Alibaba to start car rental service

  1. For the past year, Alibaba’s Alipay electronic payment service has transformed into a mobile payment tool that allows smartphone users to pay for all kinds of services offered by both online and brick-and-mortar businesses.
  2. However this time Alibaba is rolling out a service of a very different kind . This service include  car renting for  mobile users can pay for with the Alipay Wallet app, Users can start renting a car from . Zhejiang Ant Small & Micro Financial Services GroupAlipay Wallet, the mobile app for Alibaba’s third-party payment system, will offer products that allow users to book and pay for hospital fees and rent cars in Beijing and Hangzhou, based on a display at the company’s annual finance conference. There are also payment options for retail stores that use Alipay bar codes.
  3. Alibaba plans to use their  financial affiliate that owns Alipay, which it intends to be used for  a new rent-a-car service from Alipay Wallet called Che Fenxiang, which literally means “car sharing” in Chinese
  4. However this car renting feature can be used by users who have had good credit rating  which will be determined based on their transaction data collected by Alipay who can rent a car without paying a deposit. Other users with lower credit ratings can also rent them but they have to pay a deposit.

 Rental fees vary depending on the type of car. The cheapest one is about 15 yuan for an hour$2.45),

while certain vehicles like electric smart cars are more expensive.

The  car rental service  is supposein Hangzhou, Alibaba’s hometown, later this week. The service is offered jointly by Alipay and car rental firm called Hangzhou Che Lizi.

Zhejiang Ant plans to offer the service in Beijing and Shanghai later.

October 11, 2014

Chinese Internet Penetration at 47%compared to 89% in Mobile adoption

Growth in Chinese .Mobile and internet

The chinese  web Story vs Mobile st

Chinese Mobile users now exceeds 1.23 billion users and counting ."This graph by statista shows the number of mobile phone users in China until August 2014 compared with   2013. It also compares the Mobile web users vs PC users in China

 In December 2013, about 1.23 billion mobile users had been registered China Digital Story continues to roll :Chinese mobile users now stands at  1267million  as of August 2014. In 2013 during the same time the number was 1195million 

The above data captures how  the Chinese Mobile  Story is unfolding
  1. In December 2013, about 1.23 billion mobile users had been registered in China."The number of mobile phone subscribers in China has been skyrocketing since 2011, hitting a new milestone of almost 1.25 billion users in March 2014.
  2. The population of China currently stands at 1,393,783,836 ( October 10th,2014) with internet penetration of 46% 
  3.  Compare this with Mobile Penetration . In 2012, the market for mobile devices reached a high level of saturation in China, with 89 percent of the population using a mobile phone. However, in comparison to the market in South Korea, where overall mobile ownership had reached 99 percent, 
  4.  Data published by state-affiliated research organization China Internet Network Information Center (CNNIC) shows that  of Chinese users accessing the Internet via mobile grew to 83.4 percent as of June 2014, for the first time surpassing the percentage of users who access the internet via PCs (80.9 percent) 
  5.  In 2014 Q1 and Q2 (The last 6 months ) has seen 14 million new internet users and 27 million new mobile internet users  just six months..

October 5, 2014

China has 2 times Internet Users as in US

China internet story : Online users across the world vs china
This statistic gives information on the number of internet users in selected countries as of February 2014. During the survey period, China had 354.6 million internet users. The United States was ranked second, as 194.7 million Americans aged 15 years and older accessed the internet.

September 19, 2014

Alibaba's Net Income record 800% growth in 2014 as compared to 2013

According to the latest  data  on " Alibaba  sizzling growth. The Chinese eCommerce giants annual income   has increased 300% this year  to  23403 million yuan as compared  2013.
 This is  higher from the what it had growth  during the  previous year . In 2013 Alibaba's annual income was 8649 million yuan as compared to  2012 when it recorded  4665 million yuan

September 17, 2014

With $68 a share, Alibaba's valuation to exceed $168billion, could surpass Amazon's $150billion

Alibaba IPO : the making of biggest IPO in US history
Income from 4 segments : Chinese ecommerce makes 40% Alibabai revenue
The chart via statista shows how Alibaba earns its revenue. Alibaba has 4 pillars of revenue models, which are 1)cloud computing   2)International ecommerce 3)Domestic ecommerce ( chinese  online shopping. The above data shows the break up of Alibaba revenue model from 2010 to 2014 by  segment. In the fiscal year ending March 31, 2014, Chinese e-commerce corporation generated 4.85 billion yuan through international online sales. This translates to approximately 780 million U.S. dollars.

The Biggest IPO Moment has come .ALIBABA is set to see the biggest  IPO in United States to happen by any nation. With a market  capitalization of over 160billion with its IPO listing running into 319 pages .. The biggest Ecommerce giant is expected to raise more than than $20 billion, via its ADR ( American Depository Receipts )  which is a  a record in U.S.  Financial Markets 
Post its  September 19  IPO,Alibaba will soon be the most valuable Internet company in China and among the top three globally, behind Google and Facebook. Rounding out the top six are Tencent, and Baidu.

Meanwhile contrary to what was said earlier, Alibaba is reported to have set its ADR share between $66 and $68 per share ( as per filing with the Securities and Exchange Commission ) Earlier Alibaba had said that it expected shares to price between $60 and $66 
At $68 per share, the company could raise more than $25 billion and have a valuation of around $168 billion, larger than AMZN -1.21%, which has a market capitalization of about $150 billion as of the end of Monday  15th September trading

August 22, 2014

The Economics of Chinese takeover of America's 2nd largest Movie Chain

Infographic: China's Dalian Wanda Acquires AMC Entertainment | Statista
You will find more statistics at Statista

By purchasing America's second largest cinema chain, Dalian Wanda Group  now owns American's 2nd largest movie theater the AMC Entertainment group foreign takeover yet by a private Chinese company. However the fact remains that why would a Chinese company be interested in a market like US where  growth has been flat and for all  the hype " movie making business is not really a big profit  churner , as the  financial risks  are too high , the number of blockbuster hits coming out of US has been nothing to boast off

However these much more to this that "  financial profits". Its like an apple iphone, which  has become an  American icon world over, ever mind the factories where its churned  out are at Taiwan and China ..Taking over US  Movie Theatres in US, by  Chinese is akin to the same thing 
Dalian Wanda's takeover is a kind of " Cultural Perestroika " which Chinese would use as a platform for increasing its own film industry " with a large US audience" ( remember Hidden Dragon  and Crouching Tiger 

Just as Chinese  goods have flooded American markets. China wishes to expand its own cultural horizon, along with markets with deep pockets  and keep  its rapidly growing economy hungry for more .

August 20, 2014

How Many Degrees of Digital Screens Separate us

Amidst the growing Proliferation of screens at work and at our personal lives.. Its kind of interesting to see " How much time we spent starting or working on the screen How much do we use screens as modern day " factory tools ( industrial revolution ). How much of technology has crept into our lives .. and how much pixels of screen has : been added to our layers" to technological marvel 

 This chart shows how we compare across nations when it comes to spending time surrounded by screens. According to a survey conducted by Ipsos among more than 16,000 consumers from 20 countries, 60% of consumers feel like they are constantly looking at screen these days.

How many layers of digital screen separates us
How Nations compare  surrounded by screen : Chinese are the most screen -ish ( need a better word) nations followed by UK and US Screen Surround

Amidst the growing Proliferation of screens at work and at our personal lives.. Its kind of interesting to see " How much time we spent starting or working on the screen How much do we use screens as modern day " factory tools ( industrial revolution ). How much of technology has crept into our lives .. and how much pixels of screen has : been added to our layers" to technological marvel 

 This chart shows how we compare across nations when it comes to spending time surrounded by screens. According to a survey conducted by Ipsos among more than 16,000 consumers from 20 countries, 60% of consumers feel like they are constantly looking at screen these days.

August 17, 2014

With Chinese Box Office Collections Touching £1.7bn, China confirmed as world's largest film market outside US

Chinese box office now worth £1.7bn, shooting it past Japan and the country is now the biggest movie market for US overseas 
  • .China has just overtaken Japan to become the worlds 2nd largest box office market,and now ranks no  when it comes to  US

  • A recent  statistics just released by the Motion Picture Association of America (MPAA), confirm that the country has overtaken Japan to become the world's second-largest box office territory, and the biggest outside the US. 

  •  The MPAA's Market Statistics 2012 show China's cinema audience is worth $2.7bn (£1.7bn), up from $2bn in 2011, taking it past Japan, whose total increased only slightly from $2.3bn to $2.4bn. 

  • .China's box office grossed 16.42 billion yuan ($2.7 billion) in the first nine months of the year, jumping 35% from the same period a year earlier, the official Xinhua news agency said Wednesday.
  • Meanwhile Hollywood is losing ground in China, at a time when box-office sales there are surging and foreign filmmakers are eager for a bigger share of the world's fastest-growing film market
source : Forbes/ WSJ