China quick review : video online consumption, Geely and Kandi & electrical cars
Apps dominate video online consumption in Asia / Geely and Kandi announce new partnership on electric public transport solutions
Apps dominate video online consumption in Asia
3rd-party apps dominate the consumption of online video on mobile devices in China, Japan, and Indonesia, according to Arbitron Mobile-based measurement services. While a larger percentage of smartphone panelists across these countries uses mobile web browsers to access online video — 87,5 % via web browsers versus 57,4 % via apps — a significant majority of time spent with mobile online video happens on third-party apps. An average of 88 % of all online video minutes viewed across the seven panels are accessed via mobile apps such as YouTube; Netflix; and QIYI Video, the leading online video mobile app in China.
For Asia, online video consumers in the China smartphone panel (operated by iResearch) spend the most time with mobile video apps - 350,1 minutes each month, followed by mobile videophiles in Indonesia - (181,5 minutes/month). Except in China, YouTube is leading online video app, used by an average of 51 percent of panelists. The average online video Indonesian user spend 170 minutes per month with the YouTube app. In the iResearch smartphone panel in China, three apps dominate mobile online video use: QIYI Video - 20 % of online video users averaging 266 minutes in the month of February; PPS - 16 % of users, 281 minutes/month; and PPTV - 13.3 %, 251 minutes.
Geely and Kandi announce new "green" partnership
Geely and Kandi Technology Corporation announced the creation of a framework of cooperation on March 22. The two companies will work together in a new joint venture company involved in the R&D, production, investment, and marketing of electric vehicles. The new company will be formed with Geely's subsidiary, Shanghai Maple Auto, and Kandi with initial invested capital reaching 1 billion yuan, with each party taking a 50% share in the new company.
In initial stages, the new company will focus on developing electric vehicle solutions for the public transport system in the Hangzhou area. It will later expand to other areas, including electric automobiles. Hangzhou was selected as an electric vehicle test city along with 24 other pilot cities in China to better understand infrastructure and consumer needs during the transition from traditional gasoline engines to new energy products.