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Tag: baidu

  • China’s Retail Sales Rose in October

    China’s Retail Sales Rose in October

    China’s total retail sales of consumer goods rose 11.0% year-over-year (or YoY) to 2.8 trillion yuan in October. The data indicated better-than-expected growth in retail sales and a slight improvement from September’s rise of 10.9%.On a year-to-date (or YTD) basis from January to October, the total retail sales of consumer goods reached 24.4 trillion yuan, up by 10.6% YoY.

    The sale of mobile phones, building materials, and household products led to the strong growth in retail sales.

    Chinas Retail Sales Continue to Rise 2015-11-17Enlarge Graph

    A rise in retail sales is a step toward the transition of the Chinese economy from an export-oriented to a consumer-driven economy. This is highly recommended because export orders are falling due to weak global demand. This is the aim of Chinese authorities as well. However, with the slowdown in Chinese local and foreign sales, an increase in retail sales comes as a surprise and a bright spot in the Chinese economy.

    E-commerce played a major role in driving up retail sales. From January to September, the national online retail sales of goods and services grew 34.6% YoY to 3.0 billion yuan, according to the National Bureau of Statistics of China.

    Some of the leading players in China’s e-commerce segment are Alibaba Group Holding, Baidu, JD.com, NetEase, and 58.com.
    Urban retail sales of consumer goods rose 10.8% YoY to 2.4 trillion yuan in October. On a YTD basis, urban retail sales rose 10.4% YoY to 21.0 trillion yuan.
    Rural areas have become a major source of retail sales growth. Retailers are focusing on rural China to increase the penetration of e-commerce. In October, rural retail sales rose 12.2% YoY to 0.38 trillion yuan. On a YTD basis, they rose 11.8% to 3.4 trillion yuan.

    The Clough China Class A ETF (CHNAX), the Guinness Atkinson China & Hong Kong ETF, and the Eaton Vance Greater China Growth Class A ETF (EVCGX) have more than 10% exposure to the consumer discretionary sector. So a rise in retail sales would benefit them the most.

    However, the John Hancock Greater China Opportunities Class A ETF (JCOAX) had only 6.4% of its assets invested in the consumer discretionary sector. So a rise in retail sales will have a lesser impact on the performance of that fund.

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  • Shopping drives Baidu growth

    Shopping drives Baidu growth

    Chinese search engine Baidu is experiencing rapid growth as more and more Chinese shop online.

    Releasing its September quarter sales results, the US Nasdaq-listed business says Online to Offline is driving a massive growth in mobile users, gross merchandise value and mobile map usage.

    “With mobile accounting for nearly two-thirds of Baidu’s search traffic and China squarely in a mobile age, Baidu is pioneering and redefining the mobile experience for users in China,” said Robin Li, chairman and CEO of Baidu.

    “We further extended the reach of our platform by deeply integrating and connecting search and maps with transaction services,” he said.

    Jennifer Li, Baidu’s CFO, said the momentum in transaction services gives the company confidence to continue investing.

    Mobile search monthly active users (MAUs) were 643 million for the month of September 2015, an increase of 26 per cent year on year. Mobile maps MAUs were 326 million for the month of September 2015, an increase of 34 per cent.

    And Gross merchandise value (GMV) for transaction services totalled RMB60.2 billion (US$9.5 billion) for the third quarter of 2015, an increase of 119 per cent year on year.

    The company’s payment service, Baidu Wallet reported a 520 per cent increase in activated accounts to reach 45 million at the end of September.

    Total revenues in the third quarter of 2015 were RMB 18.383 billion (US$2.892 billion), a 36 per cent increase from the corresponding period in 2014. Mobile revenue represented 54 per cent of total revenues for the third quarter of 2015, compared to 37 per cent for the corresponding period in 2014.

    Operating profit in the third quarter of 2015 was RMB2.512 billion ($395.2 million), a 35.9 per cent decrease from the corresponding period in 2014.

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  • Baidu raises $800,000 in a single hour

    Baidu raises $800,000 in a single hour

    Chinese language web search engine Baidu has raised US$800,000 in simply an hour in a charity undertaking aimed toward serving to critically sick orphans.
    Baidu teamed up with 800,000 web sites and 50,000 app suppliers to kick off this yr’s “One Hour,One Click on” marketing campaign on Might 29. Inside only one hour, the marketing campaign attracted four,978,267 on-line customers, raising4,978,267 yuan (approx.US$803,492) for orphans with critical sicknesses, making a high-speed car for the gathering of welfare donations by way of the web inChina.

    Orphans with critical sicknesses, targets of this marketing campaign, are a particular group, categorised as minors who’ve been recognized by their doctor as having not more than six months to stay.

    In response to knowledge, greater than 80,000 individuals on-line had participated within the marketing campaign inside one minute of the Might 29, 11 a.m. Beijing time kick-off time and almost 5 million yuan (approx. US$807,000) was raised inside the first hour.

    On the idea of an orphan with a critical sickness needing 100 yuan (approx.US$16) of nursing and medical care charges (together with 33 yuan (approx. US$5.25) in medical remedy charges) a day, the funds raised in such a brief interval can present 50,000 orphans with critical sicknesses with nursing and medical care charges for at some point. The marketing campaign raised on common 83,000 yuan (approx.US$13,400) per minute, an quantity enough to offer medical remedy for 2515 orphans with critical sicknesses a yr. The typical quantity raised per second is 1,388 yuan (approx. US$224), sufficient to offer medical remedy and look after one orphan with a critical sickness for multiple month.

    Launched by Baidu along with over 600,000 web site companions in 2012, “One Hour, One Click on” now boasts a community of 800,000 web sites (almost one fourth of all web sites in China) and 50,000 app suppliers, and has develop into the most important web public welfare platform for pediatric healthcare.

    From free lunches in 2012, free catastrophic medical insurance coverage insurance policies for youngsters in Ya’an in 2013 and help for youngsters with congenital coronary heart illnesses in 2014, to this yr’s saving the lifetime of orphans with critical sicknesses, this system continues to exhibit the facility of campaigns for the general public good.

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  • Alibaba, Tencent spend billions in race to be China’s one-stop online shop

    Alibaba, Tencent spend billions in race to be China’s one-stop online shop

    Alibaba and Tencent spent more than USD8 billion last year alone backing often strikingly similar ventures, as the Chinese Internet giants race to create online one-stop-shops to win the digital loyalty of a tenth of the world’s population.

    Before China became the biggest smartphone market, there was little overlap between the businesses of e-commerce leader Alibaba Group Holding Ltd, social networking firm Tencent Holdings Ltd and search engine provider Baidu Inc.

    Now, as more and more Chinese use their phones for everything from shopping to booking restaurants, the three companies are increasingly stepping over each other – and investing in the same services – to attract the same users.