According to a report out recently by AnalysysInternation, a Beijing-based Internet think tank, China’s mobile Internet market reached RMB 30.6 billion (US$ 4.8 billion) in the first quarter of this year with a huge user base of more than 450 million.

source: Analysys Internation

As the report puts, mobile shopping has been experiencing exponential growth in Q1 of 2012 to RMB 10.5 billion while the whole market in total worth less than 10.8 million in 2011.

When coming to revenue sources breakdown, mobile shopping (34.4%), mobile apps and services (31.5%) and traffic money (30.7%) ranked top three while mobile ads which represented 3.% is a distant fourth.

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