Monday, May 26, 2014
Latest research data published by ChinaInternetWatch showed that China mobile phones online sales volume reached 42.8 million and online sales hit 66.39 billion yuan (USD 10.74 billion) in 2013, with over 40% YoY increase. Mobile sale peaked during Double 11 promotion, sold out 4.48 million on November 11, 2013( . Tmall created Double 11, which is on Nov 11, nicknamed after Bachelor’s Day by Chinese. Taobao normally can expect sales of over billion yuan on one single day. Last year, the total sales exceed 3 billion yuan (USD 490 mill
Sunday, May 25, 2014
Mobile Payments Comparison :Hong Kong vs China
WhileHong Kong ranks a wee big higher than China... the difference among the nationaare actually miniscule. According to theWhile HK has very strong financial and regulatory organizations Consumers are less willing to use mobile payments compared to their global counterparts on both P2P (10% versus 19% average) and m-commerce (11% versus 17% average)
Comparitively Chinese consumers are presently above-average users of mobile paymentsThe mobile infrastructure currently surpasses the financial services infrastructure POS payments (10%) lag behind m-commerce (19%) in frequency of use.
Online payment industry to cross $20B by 2015 end led by IRCTC, Online Banking, Travel,Insurance and Financial Services is said to be forecast grow 40-45% in 2014-2016
"The digital payments industry is expected to grow at 40 per cent to reach Rs 120,120 crore ($20 billion) by the end of this year, according to a report by Internet and Mobile Association of India (IAMAI). Among the many use cases, online travel booking, financial services and e-tailing are the main purposes for using different modes of digital payments.
“Online travel industry, which includes air & train ticket bookingshotel accommodations and tour packages contribute nearly 60 per cent of the digital payments. This is followed by financial services that comprises of online mobile recharge & DTH service, online tax filing, payment of insurance premiums, gas & electricity bills and e-tailing,” the report stated."
The 4 metros which include Delhi, Mumbai, Kolkata and Chennai are approximately 60 per cent of the total digital payment gateway market size. Next four metros – Bangalore, Hyderabad, Ahmadabad, Pune together contributes only 25 per cent to the total market size.
Tags : India startup news, internet, mobile, e-commerce, software, online businesses, technology news, funding:
Buoyed by expanding markets in India and China, global mobile subscriptions galloped to total around 6.3billion last year, with subscriptions growing at about 9% YoY growth according to a report by European telecom equipment maker Ericsson said.
According to theEricsson Mobility Report, total mobile subscription in China stood at 1.26
billion, while in India it was 713 million in 2012. The net additions in the Q4 of 2012 was 140 million.China accounted forabout 22 per cent of net additions, adding around 30 million subscriptions,followed by India (11 million), Bangladesh (9 million), Indonesia (8 million),and Nigeria (5 million),
"Global mobile penetration reached 89 per cent in Q4 2012 and mobile subscriptions now total
around 6.3 billion. However, the actual number of subscribers is around 4.4
billion, since many people have several subscriptions.
China accounted forabout 22 per cent of net additions, adding around 30 million subscriptions,
followed by India (11 million), Bangladesh (9 million), Indonesia (8 million),
and Nigeria (5 million), it added.
Saturday, May 24, 2014
This map shows the population without mobile phones in Sub-Saharan Africa. For every mobile phone, an additional .8 percentage point is added to GDP growth. The countries with the largest populations without mobile phones stand to gain the most from growing mobile penetration.
Friday, May 23, 2014
12:39 PM No comments
The tablet market has been an example of how technology adoption can be scaled up...by a single market leader..Wha Apple did with iPad... has not only made the market size bigger but it reached to an " unprecedented heights..
As it happens behind every boom there are 1) competitors 2) Accessories market and 3) Cheap Immitators
While most Technology brands started coming up with their versions of " Tablet" Competitors and me too brands followed.. with some creating an exact knock down product,some replicating the hardware and some the software of Apple's iPad look and feel":
Four years since Apple introduced the iPad and launched the tablet craze, the U.S. tablet market is maturing. In that short time, tablets have become not only the new entertainment go-to, encroaching on the TV set’s dominance, but they are threatening to supplant the PC as these portable devices become shopping and productivity aids. Here are five charts that put it all into perspective"
Wednesday, May 21, 2014
1:41 PM No comments
42.8 Mn Mobile Phones Sold Online In China In 2013 — China Internet Watch: "The ranking of online mobile phone sales volume in main B2C platforms (Xiaomi official website excluded) in 2013 showed that Samsung led the online market with 20% share, if Xiaomi official website included, Xiaomi ranked the top with 23.9%, Samsung dropped to the second with 16%."