Things are looking good for both WeChat and Weibo as they publish their Q3 figures, showing an increase in users and revenue. WeChat is nearing the 1 billion average daily user mark, hitting 902 million throughout September 2017. With Tencent’s commitment to development, it looks like Mini-Programs on WeChat may be undergoing a resurgence. Maimai’s battle to appeal to China’s professional social media users was boosted by a $75 million investment this week, with only about 2 million users difference between Maimai and LinkedIn, any investment could prove crucial.
Millennials in Shanghai should be the focus of luxury brands marketing efforts, according to recent statistics. The 23 to 28-age range have the largest disposable income and are ready to spend. Many Bluegogo users have been left stranded as the bike-share startup balances on the verge of collapse, and has stopped processing deposit refunds. As China’s global relevance continues to grow, the old saying of ‘Made in China’ is quickly being replaced by ‘Made for China’.