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May 16 – Revenue from China's film industry is expected to total ¥29 billion this year, including ¥20 billion from box office earnings, according to EntGroup, a Chinese consultancy. The numbers were ¥17.8 billion and ¥13.12 billion respectively last year
May 7 – There were 172 million accounts for mobile mapping services in China as of the end of Q1 2012, up 27.9% from a quarter earlier, according to Analysys International.
May 4 – China's revenue from telecommunications services is expected to total ¥1.5 trillion annually by 2015, according to a five-year plan released by the Ministry of Industry and Information Technology. The number of 3G service users is estimated to exceed 450 million, accounting for 36% of all mobile service users by the end of 2015.
April 27 – The turnover of online payments in China amounted to ¥776 billion in Q1 2012, up 112.6% year on year and 1.2% quarter on quarter, iResearch said. Alipay led the market with a 47.8% share, followed by Tenpay's 20.3%.
April 26 – China had over 300 million users of social networking sites as of the end of 2011, the most in the world, according to a McKinsey report which surveyed 5,700 Chinese netizens. The Chinese were also the most active users as 91% of respondents said they had used social networking sites over the past six months, well above 70% in South Korea, 67% in the US and 30% in Japan.
April 25 – China's fixed asset investment in the telecommunications industry is expected to reach ¥370 billion and total investment is to reach ¥500 billion in 2012, the Ministry of Industry and Information Technology predicted.
April 23 – China's revenue from telecommunications services grew 10.2% year on year to ¥250.5 billion in Q1 2012, the Ministry of Industry and Information Technology said. Telecommunications fees dropped 6.1% year on year during the quarter. The number of mobile service subscribers amounted to 1.02 billion, including 152.06 million 3G service users, as of the end of March 31, 2012.
April 20 – China's box office revenue is expected to hit $5 billion by 2015, overtaking Japan as the world's second largest market after the US, according to Wall Street Journal. Japan's box office revenue added up to $2.3 billion last year, $300 million ahead of China's.
April 19 – China had over 290,000 advertising companies employing 1.67 million people as of the end of 2011, up 21.8% and 13% respectively from a year earlier, according to the State Administration for Industry & Commerce. These firms' revenue grew 33.5% to ¥312.5 billion last year.
April 11 – There were 1.01 billion mobile service subscribers in China as of the end of February 2012, including 140 million 3G service users, according to Analysys International. The number of 3G service users as a percentage of all mobile service users is expected to climb to 20% by the end of Q3 2012.
April 11 – Revenue from China's browser game market was ¥1.91 billion in Q4 2011, and the number of players is expected to total 75 million by the end of this year, Analysys International predicted.
April 6 – Revenue from China's software and information technology services will grow 24.5% annually to ¥4 trillion by 2015, the Ministry of Industry and Information Technology said. Software services are expected to account for 25% of the IT industry, export $60 billion worth of services and employ six million people by 2015.
April 1 – China had 156 million netizens with access to broadband services, 80% of whom had 2M connectivity or faster, the Ministry of Industry and Information Technology said, adding that it will try to provide half of broadband users access to at least 4M connectivity by the end of this year.
March 30 – Revenue from China's online gaming market shot up 34.4% to ¥46.85 billion in 2011, the Ministry of Culture said. The number of online gamers in the country rose 33% to 160 million. China exported $403 million worth of online games last year, up 76% from 2010.
March 30 – Revenue from China's mobile services grew 15.2% year on year to ¥114.81 billion in the first two months of 2012, the Ministry of Industry and Information Technology said. The amount as a percentage of total telecommunications revenue has rise from 69.1% a year earlier to 71.5%. China had over one billion cellphone users including 143.92 million 3G service users as o the end of February 2012.
March 28 – Revenue from China's software industry grew 25.7% year on year to ¥285.9 billion in the first two months of 2012; the rate was 1.9 percentage points faster than in the same period a year ago, the Ministry of Industry and Information Technology said. The industry's gross profit grew 11.7% year on year to ¥31.1 billion. China exported $4.7 billion worth of software between January and February, up 15.1% from a year earlier.
March 28 – Turnover of China's e–commerce transactions will total ¥18 trillion in the five years through 2015, double the amount seen in the previous five–year period, according to a plan released by the Ministry of Industry and Information Technology. Of the ¥18 trillion, ¥15 trillion will be B2B transactions.
March 22 – China passed the US in February in new activations of iOS and Android smartphones and tablets, Bloomberg reported, citing Flurry Inc. In the month, 23% of the activations of mobile devices based on Apple Inc's (NASDAQ: APPL) iOS or Google Inc's (NASDAQ: GOOG) Android software occurred in China, compared with 22% in the US. Just a month earlier, China accounted for 8% of the world's activations, while the US led with 28%.
March 20 – PayPal Inc, a subsidiary of eBay Inc (NASDAQ: EBAY), said it plans to make a foray into China to tap its 193 million e–commerce service users. It will directly take on Alipay.com, Alibaba Group's third party billing firm that controls 47% of the Chinese market, which recorded ¥738.6 billion worth of e–commerce transactions in Q4 2011.
$1 = ¥6.32
@2011 China Economy @ The China Perspective.
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