China mobile internet market reached ~$7.5BUSD in Q2, with YoY growth of 104.1%. As the mobile internet industry rapidly grows it has become an indispensable part in people's lives. Revenues of mobile internet grew QoQ growth of 25.0% and YoY growth of 104.1%.Q2 2014, the share of mobile shopping in the total mobile internet by revenues attained 50.8%. Continuous rapid growth of mobile shopping could be attributed to 1. E-commerce enterprises recognise the huge commercial value of mobile internet and 2. Using of mobile internet is not restricted by place and time (people are connected to their phones 16 hours a day Vs. PC 6), which brings great convenience to shoppers. These two factors are shifting users' online shopping habit from PC to mobile devices. iResearch estimates that mobile shopping momentum will strengthen in the coming years. ASX investment, 99 Wuxian (NNW.ASX) m commerce platform embedded in China's banking apps.
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