Merely 1% China Mobile Apps Reached Million Users in H1 2013: Report

October 30, 2013 Leave a comment

Merely 1% China Mobile Apps Reached Million Users in H1 2013: Report

By Guest Editor on October 29, 2013 

china-mobile-apps-developers-situation-in-h1-2013 the-number-of-china-mobile-apps-users-in-h1-2013

According to iResearch, in the first half of 2013, China mobile app developers kept losing money and the percentage of net loss developers increased significantly. Besides, most app users’ number could not reach a million. The research showed that more than 60% mobile app developers suffered net loss in the first half of 2013. 35.6% developers even faced with severe net loss. In 2012, the percentage of severe loss was 9.1%. 16.8% developers had made profits, the percentage in 2012 was 22.3%. One reason for the decrease was that a lot of new developers entered the market in the beginning of 2013. The major business model of Chinese mobile app developers were paid download, free download with pre-installed ads, free download with value-added service. Most developers chose free download with pre-installed ads. In general, paid download and free download with pre-installed ads were not so optimistic, some paid app even offered free download such as Autonavi. In terms of the number of users, Chinese mobile app developers were facing severe challenges. 96% apps users were under 500,000, and about 0.6% apps had over 1 million users.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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