Posted inThe Numbers

Top 10 Android app stores in China in Q1 2018

We’ve updated for 2018. Check out this year’s list here. While Chinese smartphone suppliers have reported a decrease in sales for the first time, the country’s internet user base continues to grow, with around 772 million internet users (97% smartphone users) at last count. In 2017, the revenue generated by apps in China reached US$35 […]

Posted inThe Numbers

45 listed Chinese tech companies refinance to drive innovation

Over 45 Chinese tech companies have announced their intentions to refinance, showing that already listed companies are seeking ways to raise additional capital in order to drive innovation. Qihoo 360 (三六零) and iFlytek (头科大讯飞) announced plans (in Chinese) to raise RMB 10.8 billion and RMB 3.6 billion respectively. The funds will be used for developing artificial intelligence […]

Posted inThe Numbers

Study of 151 Chinese unicorns shows Beijing #1 city for startups

A unicorn is a privately held startup company valued at over $1 billion. Although the term was coined in order to express the rarity of such companies, they are getting more common, especially in China. Let’s study unicorns in one of their most common habitats. Some of the highlights: Most of Chinese unicorns are located in Beijing (66 out of …

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