The Scale of China’s Internet Economy Reaches CNY 94.34 Bn in Q2

Source: iResearch, ChinaScope Financial (Data)

+       Latest data from iResearch shows that the size of China’ internet economy reached CNY 94.34 billion in the second quarter of 2012, a year-on-year increase of 66.1%.

+       In terms of different markets segments, the SME B2B and the search engine market underperformed the industry average, while the mobile shopping market continued its explosive growth, up 487.9% year-on-year.

In China’s growing internet economy, SME B2B and PC Search Engine markets are growing only modestly, while mobile online shopping is enjoying strong growth. Taobao is claiming the lion’s share of this booming market.

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Number of Chinese Internet Users Reaches 538 Million

Source: China Internet Network Information Center, ChinaScope Financial (Data)

+       According to a report published by the China Internet Network Information Center on July 19, as of June 30, 2012, the number of Chinese internet users had reached 538 million. Of these, 388 million are mobile user accounts, an increase of 32.70 million, or 2.9 percentage points, compared to the end of 2011.

+       In comparison, the number of people using desktop computers for internet access in 12H1 reached 380 million. Hence mobile access has become the most popular way for Chinese internet users to browse the web.

In 12Q1, the number of internet users from mobile terminals surpassed that of desktop PC users, providing increased business opportunities for services such as O2O and location based services. The number of IPv6 addresses owned by China now ranks 3rd in the world.

Average time per week spent on internet reached a two-year high in 12H1. The popularity of micro-blogging has quickly exceeded that of social networks.

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3G Users to Exceed CNY 450 Million in 2015

Source: Ministry of Industry and Information Technology, ChinaScope Financial (Data)

+       According to the Ministry of Industry and Information Technology’s (MIIT) development goal in the recently released 12th Five-Year Plan (12th 5YP) on the Telecommunications Industry, China’s 3G users will exceed 450 million by 2015, accounting for more than 36% of the total mobile phone subscribers.

+       The plan also outlines a revenue goal for the telecommunication industry of CNY 1.5 trillion. Of this amount, operating income of telecom companies engaged in infrastructure construction is expected to be more than CNY 1.1 trillion. Fixed Asset Investment goal is CNY 2 trillion.

Despite rapid growth in recent years, 3G subscribers still account for only about 15% of total mobile phone subscribers.

In the 12^th 5 year plan, both telecommunication revenue and FAI are expected to grow significantly.

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