China Internet Watch https://www.chinainternetwatch.com China Internet Stats, Trends, Insights Sat, 20 Nov 2021 07:05:20 +0000 en-US hourly 1 https://www.chinainternetwatch.com/wp-content/uploads/cropped-ciw-logo-2019-v1b-80x80.png China Internet Watch https://www.chinainternetwatch.com 32 32 17 million more marriageable men than women in China https://www.chinainternetwatch.com/32789/singles-men/ Tue, 23 Nov 2021 00:15:38 +0000 https://www.chinainternetwatch.com/?p=32789 Double Eleven is not only a shopping festival but also known as Singles Day in China. There are “30 million singles” in China. Is this really the case? In fact, there are 17.52 million more men of marriageable age than women according to the National Bureau of Statistics (NBS).

Married couple

In rural areas, the seriously unbalanced gender ratio makes it more difficult for men to find a partner. Some people are reluctant to introduce a partner because the success rate is too low.

Since the 1980s, there has been a high proportion of boys in children born every year in China. As they gradually enter marriage and childbearing age, there has indeed been a phenomenon that men encounter fierce competition in the marriage market and even can’t find a spouse.

However, the distribution of this phenomenon is uneven. This phenomenon is not obvious in large cities due to the supplementary effect of the incoming population, but it will be more prominent in some rural areas, remote areas, and areas with a low level of economic development.

There are differences in the gender ratio of the marriageable population between urban and rural areas.

The gender ratio of the marriageable population in big cities tends to be feminine, resulting in the phenomenon of “older leftover women”; the gender ratio of the marriageable population in the vast rural areas, especially in remote areas, tends to be masculine, resulting in the problem of “grass-roots singles”.

Gender composition should be divided into age groups. From the main marriage and childbearing age group of 20 to 40, there are more than 17 million men than women, not more than 30 million, according to NBS.

Guangdong is the province with the highest proportion of men, accounting for 53.07% of the male population and 46.93% of the female population, with a gender ratio of 113.08. Followed by Hainan, the proportion of the male population is 53.02%, the female population is 46.98%, and the gender ratio is 112.86.

The three northeastern provinces are the most balanced. Among them, Jilin and Liaoning are the only provinces in China where the female population exceeds the male population.

7 Major Consumer Segments Shaping Chinese Market Landscape

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Chinese cities issuing billions worth of e-coupons to stimulate consumption https://www.chinainternetwatch.com/30477/chinese-cities-issuing-billions-worth-of-e-coupons-to-stimulate-consumption/ Tue, 21 Apr 2020 00:00:09 +0000 https://www.chinainternetwatch.com/?p=30477 Wuhan city government announced last Friday that it has officially launched “Wuhan Purchase 2020 consumption promotion campaign” with WeChat Pay and other platforms, which will issue 500 million yuan (US$70.73 million) of shopping vouchers.

Night view of Wuhan City in Hubei Province, where the global pandemic emerged

These coupons are for all people in Wuhan. WeChat real-name verified users can enter the corresponding mini program to collect the coupon.

At the same time, there are 1.8 billion yuan (US$254.63 million) worth of business coupons issued by online platforms. The first phase started at 12:00 p.m. on April 19 and will last for six weeks until May 31 2020. And, the second phase will start on 1 June 2020.

One coupon can be collected at a time, with a face value of 10 yuan, 20 yuan, 50 yuan, and 80 yuan. The first phase will have 30 million yuan coupons, redeemable from 20th April onwards.

The Wuhan consumption voucher received by consumers through the WeChat mini program is applicable to the merchants who use WeChat merchant payment settlement. However, merchants who use the personal WeChat payment code, will not accept those vouchers.

According to Hangzhou Municipal Bureau of Commerce, the city’s fifth round of e-consumption coupons was issued at 8pm of 20 April, with a total of 1.5 million digital card packages. Each has a total value of 50 yuan, including 5 general consumption coupons with a value of 10 yuan each and 10 yuan further subsidy for every 40 yuan consumption.

As of 24:00 on April 16, 321 million yuan (US$45.41 mn) of Hangzhou government subsidies had been claimed in the first four rounds of coupon campaigns driving a total consumption of 3.422 billion yuan (US$484.05 bn).

As of 20 April 2020, cities in Guangdong province have issued 1 billion yuan worth of e-coupons.

Update (5 Jun): Since the worst of the Covid-19 outbreak in China, the country has issued over RMB5.6 billion ($788 million) in such incentives.

China GDP declined by 6.8% in Q1 2020

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Top 10 Cities in China Reshuffled! Who’s in Top 10? https://www.chinainternetwatch.com/23533/china-top-10-cities-2017/ https://www.chinainternetwatch.com/23533/china-top-10-cities-2017/#respond Thu, 15 Mar 2018 03:00:35 +0000 http://www.chinainternetwatch.com/?p=23533

Shanghai’s GDP exceeds RMB 3 trillion mark for the first time according to the economic data of 2017, stabilizing its No. 1 position of China cities. More importantly, it brings spillover effects to Yangtze River Delta and surrounding areas.

Due to Bin Hai new town’s GDP contribution, Tianjin’s economic growth in 2017 was cut and overtaken by Chongqing, dropping out of the competition for the top 5. According to the latest data from 21st Century Business Herald, Chongqing’s GDP for 2017 hit RMB 1.936 trillion while Tianjin's is RMB 1.933 trillion.

Shenzhen’s GDP for 2017 reached RMB 2.2 trillion, exceeding Guangzhou and Hong Kong. In 2016, Shenzhen’s GDP exceeded Guangzhou’s by approximately RMB 273 billion only, while this year’s margin grew to more than RMB 500 billion, pulling the gap bigger.

Going by the trend, Guangzhou and Hong Kong will soon transform into Shenzhen’s surrounding cities with Shenzhen as the major power.

Wuxi has reached the RMB 1 trillion mark, it...

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Guangdong province leads China’s online retail market with over 23% share https://www.chinainternetwatch.com/22710/guangdong-online-retail-2016/ https://www.chinainternetwatch.com/22710/guangdong-online-retail-2016/#respond Wed, 29 Nov 2017 00:00:55 +0000 http://www.chinainternetwatch.com/?p=22710

On October 13th, Guangdong Provincial Bureau of Statistics released consumer goods market data showing that in 2016, Guangdong's final consumer spending contributed more than half of the province’s economic growth, and the online retail market ranked first in the country, with online retail sales of 1.14 trillion yuan (US$178.7 billion), accounting for 23.1% of online retail sales in China.

The Bureau said that Guangdong residents’ spending power continued to increase, and with the steady expansion of the consumer goods market, its contribution to economic growth continues to increase.

In 2016, total retail sales of social consumer goods in Guangdong reached 3.47 trillion yuan (US$523.9 billion), an increase of 53.2% over 2012 and an average annual increase of nearly 301.5 billion yuan (US$45.4 billion). The latter figure is roughly equal to Guangdong’s total retail sales in 1997. In 2016, Guangdong's end-consumer consumption accounted for 51.5% of the province's GDP and cont...

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China’s ultra high net worth individuals grown to 1.34 million in 2016 https://www.chinainternetwatch.com/19150/uhnwi-2016/ https://www.chinainternetwatch.com/19150/uhnwi-2016/#comments Wed, 09 Nov 2016 00:00:11 +0000 http://www.chinainternetwatch.com/?p=19150 china-uhnwi

The number of ultra high net worth individuals (UHNWI) in China reached 1.34 million, an additional 130,000 compared to 2015 as of May 2016 according to Hurun Research.

china-uhnwi-2016

The number of UHNWIs in China whose total assets worth exceed RMB 100 million reached 89,000, with an growth rate of 14.1%.

Guangdong province replaced Beijing as the top region with the most number of UHNWIs (240,000) with a growth rate of 17.65%. Beijing ranks second with 238,000 UHNWIs, followed by Shanghai (205,000) and Zhejiang province (160,000). The combined UHNWIs of this four regions reached 843,000, accounting for 63% of total.

China’s UHNWIs are mainly comprised of four groups: business owners (55%), gold collar (20%), real estate investors (15%), and professional stock traders (10%).

Continue to read China’s HNWIs outbound travel trends »

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Alipay’s Offline Expansion in 2015 https://www.chinainternetwatch.com/17091/alipay-online-offline-closely/ https://www.chinainternetwatch.com/17091/alipay-online-offline-closely/#respond Thu, 03 Mar 2016 07:00:55 +0000 http://www.chinainternetwatch.com/?p=17091 Alipay to Connect Online and Offline more Closely

Alipay is the largest third-payment online payment platform in China. And, Alipay is not satisfied to be only an online payment solution and made great attempts expanding offline in 2015.

Nanjing Alipay Street

Alipay set up the first “Alipay Street” in Nanjing with all restaurants in that street accepting electronic payment through Alipay. Simply by scanning the code could customers finish payments which improves the payment efficiency and avoids the circulation of counterfeit money.

WenZhou Alipay Food Fair

After entering supermarkets, convenience stores, hospitals and taxi-calling industries, Alipay began to enter the food fair markets in 2015. Wenzhou, a city in Zhejiang province, had the first “Alipay Smart Food Fair” in September 2015 where the smart weighing scales could generate the QR code for customer payments.

Beijing Alipay Transportation Card Service

Alipay launched the self-serving machine that citizens could withdraw cash from their transportation cards to their Alipay accounts. Citizens just needs to insert the card in the machine and then scan the QR code. Citizens could also buy cards and top up balance on these machines. About one hundred these machines have been put into use in Beijing and Shanghai.

Shanghai Alipay Breakfast Car

Alipay launched “Alipay Breakfast Car” in Shanghai with QR codes. Customers could pay on Alipay when buying breakfast in the hush morning eliminating the need for getting the change. Shanghai currently has 600 breakfast cars and another 1,000 will be available later.

Lijiang Alipay City Service

Lijiang, a city in Yunnan province, was a famous travel destination city in China. Alipay cooperated with Lijiang government that the city would be fully connected with Alipay payment. At present, Lijiang traffic violations, tourist attractions and other functions could be enquired on Alipay and in the future travelers will be able to use Alipay to buy attractions tickets, tour guide, map guide, and book transportation tickets.

Hong Kong Alipay Offline Shops

Hong Kong had more than 5,000 retails stores covering all fields from beauty make-up, electronics, gold, and jewelry to clothing, department stores, food and so on supporting payment by ALipay. On the basis of payment in the scan code, Alipay promised to support exclusive discounts for customers for the arrival of the new year.

Guangdong Alipay City Service Province

21 cities of Guangdong province had fully connected Alipay urban services in 2015. Citizens could enquire vehicle violation query, buy attractions tickets, renew Hong Kong and Macao Entry Permits, and etc.

Beijing Alipay Parking Lot

Alipay has announced a strategic partnership with smart parking platform ETCP and 500 parking lots in Beijing with nearly 100,000 parking spaces connected with Alipay. After following the “ETCP stop” service to bind their license plates on Alipay, car owners could park cars easily. ETCP license plate recognition technology would automatically photograph and calculate the license plate parking time, and get deductions from Alipay.

This service would also be available in Shanghai, Chengdu, Chongqing, Wuhan, Foshan, Dongguan, Huizhou, Xi’an, Nanjing, and Shenzhen.

Also read:China Offline Mobile Payment Insights in 2015

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Geographic Insights on China Online Shopping 2015 https://www.chinainternetwatch.com/16727/xinjiang-more-hands-chopping-users-than-beijing-2015/ https://www.chinainternetwatch.com/16727/xinjiang-more-hands-chopping-users-than-beijing-2015/#comments Fri, 22 Jan 2016 03:00:57 +0000 http://www.chinainternetwatch.com/?p=16727 Xinjiang Had more Hands-chopping Users than Beijing in 2015

Top 10 provinces with the highest average online shopping spends on Taobao are Shanghai, Zhejiang, Jiangsu, Fujian, Guangdong, Xinjiang, Sichuan, Tianjin, Beijing and Liaoning according to Taobao based on data from October 2014 to September 2015. Provinces with the lowest average spends are Gansu, Qinghai and Tibet.

Regional economic level influenced the development level of the online shopping market. The top five provinces with the highest online consumption located in the southeast coastal provinces where citizens got a higher income level than the average.

E-commerce in Shanghai, Zhejiang, Jiangsu, Fujian and Guangdong has entered an advanced stage. These five regions received and delivered most online order packages in China.

Jiangsu, Zhejiang and Shanghai in total account for 15% national delivery packages on Double 11 shopping festival in 2015. Packages the three provinces received on Double 11 accounted for 25% of total and packages sent from these provinces accounted for half of total. High population concentration, a large volume of e-business companies (such as Alibaba in Hangzhou, Zhejiang) and low delivery fees led to busy logistic transportation here.

Well-developed transport and logistics system further stimulated online shopping. The purchasing power is relatively strong in Shanghai, Zhejiang, Jiangsu, Fujian and Guangdong provinces. Many were new demands stimulated by online shopping market.

Xinjiang and Sichuan ranked sixth and seventh respectively surpassing Beijing, Tianjin, Shandong and other provinces which mainly resulted from various good categories and low costs in online shopping. Traditional commerce in Xinjiang wasn’t as developed as other regions in China; thus online shopping became an essential channel to buy products unavailable or expensive locally.

Taobao data also showed that Shanghai, Guangdong, Beijing, Tianjin, Jiangsu, and Zhejiang ranked top for being the most diversified online shopping consumption regions. Regions with advanced economic level tends to be more diversified in online consumption. Tianjin, Guangdong, Zhejiang and Jiangsu also ranked in the top.

Also read: China Retail V.S. Online Shopping 2015

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How WeChat Drives Viral Marketing of Local Specialities https://www.chinainternetwatch.com/13467/how-wechat-drives-viral-marketing-of-local-specialities/ https://www.chinainternetwatch.com/13467/how-wechat-drives-viral-marketing-of-local-specialities/#comments Fri, 12 Jun 2015 00:30:04 +0000 http://www.chinainternetwatch.com/?p=13467 Hammered Beef Balls
Hammered Beef Balls

An article called Why I Left Tencent to Sell Chaoshan Specialities received over 100,000 views within 6 hours since published on WeChat.

Xu Ruifeng, sitting in front of reporters, talked about the WeChat marketing and calmly said, “We expect more than 10 thousand (views)”. As a former marketing & PR senior manager at Tencent Group, Xu Ruifeng undoubtedly makes a quite successful PR for his own pioneering work. As he says, the current cumulative amount of reading is over 400 thousand.

The soaring amount of article views directly drove the in-store visits. Within two weeks after its opening, the customers cram into the store and occupy the only six tables and the number of the customers doubled at the weekend. Last weekend, the store issued 50 numbers for seats waiting.

Last May, two Chaoshan post-85 men, Xu Ruifeng and his high school classmate Lin Danyu jointly opened a Chaoshan snack store called “Wuyi”, which means “just do it” in Chaoshan dialect. They position “Wuyi” for Chaoshan local specialty store with O2O model, delivering experience offline and sell online. At present, they have launched online store on WeChat, and expect the second store to open within two months.

WeChat brings massive customers.

“I am from Chaoshan, and particularly looking for the store to have a try after reading the article in WeChat Moments.” Miss Liu who works in a foreign company in New City, Pearl River told the reporters that many fellow townsmen shared this article in Moments a few days ago and some Chaoshan townsmen also continued to shared in their own WeChat Moments. “Many Chaoshan people work hard in Guangzhou. The snacks that they usually eat are beef balls and rice noodles at most. When they find out a special Chaoshan local speciality store, they just want to have a look.”

At 11am on Friday, “Wuyi” store has been packed with the customers attracted by its reputation. Due to insufficient manpower within the only two weeks after the opening, “Wuyi” temporarily does business from 11:30am to 9:30pm. The reporters have found in the interview that most of the customers are from Guangdong, and include people of different ages, covering white-collar workers who just participate in the work, college students and the whole family.

Currently online “Wuyi” products only have four types, and respectively include Mother Duck Twist (similar to dumplings), glutinous rice sausage, fresh shrimp/abalone dumpling and hammered beef balls with the price ranging from RMB 15 to RMB25. The freshman Ma from South China Agricultural University ordered a shrimp dumpling and hammered beef ball. Before eating, he took a few photos and hastened to post them in WeChat Moments. “Last time, I came here; however, many people ate here, so that I did not eat the snack here. So this morning I came, and share them on WeChat to show off.”

Nowadays, it almost becomes a standard for a lot of people to send the photos of delicious food into WeChat Moments before eating the food. The hot opening of “Wuyi” just proves follow-up fermentation of viral spread in WeChat Moments. On 27th May, Xu Ruifeng published an article called Why I Left Tencent to Sell Chaoshan Specialities. At that time, the public number only had 27 fans, however, after 6 hours, the article was read for more than 100 thousand times. The soaring number of views pulled up the flow volume of the passengers. “That afternoon, the number of people obviously increased, so we were very busy until 12pm, after all, the customers know that they have to line up the next morning.”

Xu Ruifeng said that the spread in WeChat Moments has positive impact beyond expectation. They felt some flattering for 100 thousands views. “Wuyi” data shows that the cumulative amount of views was close to 400 thousand, and the store has 12 thousand fans. “The article tells that Xu Ruifeng gave up Tencent senior manager position to see Chaoshan local specialities; and it shows Xu’s dramatic life of ups and downs. So people are interested in the article. But I think the reason why the later spread can be so wide is that nostalgia resonance moves the customers, whether they are the Chaoshan people, the Hunan people or the northeastern people.”

Now, “Wuyi” has 150-200 customers every day and it doubles at the weekends. All customers have to wait for the seats. In order to solve the problem of waiting for seats, “Wuyi” has cooperated with the surrounding stores and ease the pressure of waiting for seats. For example, the customers can drink free drinks in the opposite convenience store and repair nails or shape eyebrow free of charge in the next manicure store. At present, Xu Ruifeng and Lin Danyu have prepared to open another store near Tianhe City.

Do high-quality Chaoshan Speciality O2O

“Even if you do your marketing very well, you do fruitless labour if you have no good product. We think that the marketing aims to serve the product, which comes first.” When the reporters questioned that after WeChat marketing speculation, the customers would lose the fresh feeling and then the flow volume of passengers might reduce. And Xu Ruifeng gave the above answer.

A Chinese Gourmet Cai Lan once said: “You eat in Guangzhou, but the great food are in Chaoshan.” In Xu Ruifeng’s opinion, there is not so much Chaoshan delicious food, and they are just the Chaoshan delicious food porter. In Guangzhou, reporters visited various Chaoshan restaurants. Whether the taste is authentic or not, they always feel that it is lack of something. So all materials of “Wuyi” are from local Chaoshan and are transported back and forth.

“The Chaoshan people are very traditional and homesick. Most of food master are from the local, which is one reason why we insist on local supply.” Xu Ruifeng told the reporters. There is a lot of Chaoshan delicious food. At present, four online products are widely accepted in the market. They will develop new types to meet the needs of the customers later.

According to the plan of Xu Ruifeng and Lin Danyu, the physical store is offline experience store, which can test the market demand. From the perspective of two-week operating situation of the opening, they find that Chaoshan local snacks have very large market demand, which also gives them huge business confidence. Xu Ruifeng believes that offline experience store is the most direct channel by which the customers can experience the products. In addition, “Wuyi” physical store also bears the function of gathering the fellow fans. “Momo introduced a hot advertising video A Bowl of Hot Noodles, which describes the scene that one person eats home snacks and a group of fellows eat home snack together, and reflects the completely different experiences.”

“Wuyi” micro-shop has launched on WeChat. At present, online “Wuyi” sells two products, Chanshan fresh shrimp dumpling and hammered beef ball, and the sales volume has exceeded one thousand. Within two weeks of the opening, “Wuyi” has accumulated 12 thousand fans, who are all target customers. Xu Ruifeng said that O2O mode of offline experience and online sales is the developmental direction of “Wuyi”. In the future, more new products will appear online. “We plan to build an online monopoly platform of specialty in order to let more people taste Chaoshan local snacks.”

Also read: Why Wechat Marketing Metrics Could All Be Lies

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China’s Top 100 Best E-Commerce Cities https://www.chinainternetwatch.com/7620/chinas-top-100-best-e-commerce-cities/ https://www.chinainternetwatch.com/7620/chinas-top-100-best-e-commerce-cities/#comments Fri, 06 Jun 2014 04:56:19 +0000 http://www.chinainternetwatch.com/?p=7620 taobao-shopping

Alibaba Ali Institute and Chinese Academy of Information Technology jointly started “E-Commerce Development Index” research in 2010. This year, Ali Institute studies 294 cities and released “China’s Top 100 Best E-Commerce Cities 2013” report.

  1. Shenzhen
  2. Guangzhou
  3. Hangzhou
  4. Beijing
  5. Shanghai
  6. Jinhua
  7. Zhuhai
  8. Xiamen
  9. Suzhou
  10. Nanjing

Among the top 100 e-commerce cities, 11 are from Zhejiang and Jiangsu province respectively, followed by Guangdong (10 cities) and Fujian province (9 cities).

796 million products are published on Taobao by over 8 million sellers by end 2013.

E-commerce is huge in China and online shopping has even become part of some China internet users’ life. According to data from Taobao, there were 5,758 Taobao users who spent over one million shopping on Taobao in 2013, 1,053 of which are from Guangdong province.

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Jiathis: Over 1.4 Billion Social Sharing in 2013 https://www.chinainternetwatch.com/6441/over-1-billion-social-sharing-2013/ https://www.chinainternetwatch.com/6441/over-1-billion-social-sharing-2013/#comments Thu, 06 Mar 2014 09:00:06 +0000 http://www.chinainternetwatch.com/?p=6441 Share through jiathis

2013 was gone in a flash. Social share still enjoyed a strong momentum in the past year. JiaThis, the biggest social share tool in China, released its data-based Report of China Social Share Tools in 2013. Overall social sharing times reached 1.4 billion in 2013.

User Behavior of Social Media Login And Share

While login to social media accounts such as QQ and Sina Weibo, users also shared content on different platforms. One-click share accounted for 5.6% in all sharing methods.

Sharing Period in A Day Analysis in 2013v2

According to sharing period statistics, the peak period in a day was from 13 to 16, accounted for about 24.8%.

Website Types of Social Visits

Video websites drove most social visits by social sharing, accounted for 27.39%.

Top 8 Hot Words of Sharing in 2013v2

Hot sharing words included Haze, Tuhao and Bit coin in 2013.

Sharing Users Demographics in 2013 Gender2

The number of male users was significantly higher than female users, almost twice the number.

Sharing Users Demographics in 2013 Region

Top 5 regions of sharing were: Guangdong, Jiangsu, Zhejiang, Shandong, Beijing. Guangdong remained on the first place, with a proportion of 16.28%.

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1.05M Chinese Millionaires Want Good Health Most, 80% on Wechat https://www.chinainternetwatch.com/3206/hurun-wealth-report-2013/ https://www.chinainternetwatch.com/3206/hurun-wealth-report-2013/#comments Mon, 19 Aug 2013 00:15:31 +0000 http://www.chinainternetwatch.com/?p=3206 Hurun Wealth Report 2013

Hurun Research Institute last week released the GroupM Knowledge-Hurun Wealth Report 2013 that analyses China’s wealthy people broken down according to their regional distribution across China, as well as their investment, consumption preferences, and how they use the media.

This report will help marketers to better understand the lifestyle of China’s wealthy population and to communicate and engage with them more effectively.

The number of millionaires grew (defined as individuals with personal wealth of CNY 10 million, equivalent to US$1.6 million and GBP 1 million) by 3% in 2012 to 1.05 million, while the number of the super-rich (defined as individuals with personal wealth of CNY 100 million, equivalent to US$16 million and GBP 10 million) reached 64,500, up 2% from the previous year. The growth, the slowest one in five years, has decelerated for the second consecutive year.

As of the end of 2012, in all the 31 autonomous regions, cities and provinces excluding Hong Kong, Macau and Taiwan, the number of millionaires has increased by 30,000 from last year to 1.05 million, while the number of the super-rich has increased by 1,000 to 64,500 – an increase of 3% and 2% respectively. The growth, the slowest one in five years, has decelerated for the second consecutive year. At present, one out of every 1,300 people in China is a millionaire, and one out of every 20,000 people in China belongs to the super-rich class.

Beijing remains in the first place, followed by Guangdong and Shanghai. Tianjin saw the fastest growth rate in the country, while Zhejiang Province and Inner Mongolia dropped the most.

Beijing remains in the first place with an increase of 5,000 to 184,000 millionaires, and with an increase of 200 to 10,700 super rich. Guangdong ranks the second with 172,000 millionaires and 9,600 super rich. It is followed by Shanghai with 147,000 millionaires and 8,500 super rich. Tianjin rose to the tenth place, with 19,000 millionaires, up 11% from the previous year, as well as 1,400 super rich, up 12% from the previous year – the fastest increase in all the cities. Other fast-growing provinces include Shandong, Henan, Yunan, Guizhou, Qinghai and Tibet. About 60% of China’s wealthy population are located in the second and third tier cities such as Hangzhou, Ningbo and Foshan where the number of millionaires exceed 20,000. The research indicates that, although the number of China’s millionaires is growing generally, the number of some areas decreased slightly among which Zhejiang Province and Inner Mongolia dropped the most.

A quarter of millionaires say they are very confident about China’s economy in the coming two years, a decline of 3% from the previous year. The confidence level of the year before was 54%. 66% of the millionaires say they are fairly confident – a 2 percentage point increases from a year earlier, while 9% of millionaires say they are not confident – a 2 percentage point increase from a year earlier and this is the highest one in last three years.

The Hurun Millionaires’ Happiness Index has reached 7.8 out of 10. What millionaires want most of all is to have good health. A quarter are dissatisfied with their state of health.

73% of millionaires think they are happier than the previous generation; the happiness they get from their family is greater than that from their jobs; female millionaires’ happiness index has reached 8, slightly higher than that for men; the under 30s’ sense of happiness is notably lower than that of older people, particularly where their work is concerned.

Other interesting findings include:

  • There are currently 8,100 Renminbi billionaires and 280 individuals with personal assets of 10 billion RMB in China.
  • China’s millionaires fall into four categories: private business owners, stock market gurus, property speculators and high-salaried executives, in which the number of stock market guru dropped by 5% from the previous year, and the number of high-salaried executives grew by 5% from the previous year. The Chinese super-rich fall into three categories: private business owners, stock market gurus, and property speculators.
  • Real estate remains the first choice when it comes to personal investment in spite of the macro-adjustment measures, accounting for 64% of all investments. However, a certain proportion of Chinese millionaires also start seeking new investment opportunities.
  • The wealthy population spent 3% of their average wealth of 59 million RMB last year. A great 3% of their spending went to travel. Wealthy people are also more and more interested in seeking out unique travel experiences, and exotic destinations such as Africa or the polar areas are gaining popularity
  • On average, millionaires and the super-rich are away on business trips for fewer days a month than last year, a slight reduction of half a day and 3 days respectively. On average, millionaires leave China 2.8 times a year, down from 3 times last year and the super-rich leave China 3.4 times a year, down from 4.2 times last year.
  • Following the craze for studying abroad, there is now also an increasingly clear tendency to purchase overseas property. The U.S. is the top destination for overseas property purchase.
  • About 80% of wealthy people now use WeChat than using microblogs (70%), most of whom use it primarily for interacting with their friends.
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Over Half of Total iOS Devices in Beijing, Shanghai, Guangdong, Zhejiang & Jiangsu https://www.chinainternetwatch.com/1436/ios-penetration-2011/ https://www.chinainternetwatch.com/1436/ios-penetration-2011/#comments Tue, 10 Apr 2012 02:46:19 +0000 http://www.chinainternetwatch.com/?p=1436 Percent of iOS Devices by Province at the end of 2011
Percent of iOS Devices by Province at the end of 2011

Shanghai-based Stenvall Skoeld & Company calculated the iOS penetration rate (Apple’s iPhone and iPad, not including iPod touch) in all Chinese provinces and municipalities; and, their estimate puts the total number of iPhones and iPads in China at end of 2011 at 21 million active devices, distributed as shown above.

More than half of all iOS devices are found in Beijing, Shanghai, Guangdong and the Yangtze Delta Region. In Beijing and Shanghai there is one iOS device for every nine and eleven people, in the rest of China penetration is still very low.

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