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Winning the China market through Social Media May, 2012
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My two assumptions for today 1. You all know something about China
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China is a BIG market
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China is a different market
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China is a 困难 market
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My two assumptions for today 1.You all know something about China 2.You don’t know much about China
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My Challenge
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Social media is the most effective channel to reach, engage & convert consumers in China So I just want to convince you one thing:
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Why ?
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Social media is as BIG as the market
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500 million + Netizens 250 million More than one SNS Profiles 300 Million Sina Weibo users 150 million BBS Users Source: CNNIC, Sina Weibo
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2 years 300 million + Active Users
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male netizens 56% 44% female netizens Source: 27 th Statistical Survey Report on the Internet Development in China (Dec 2010), CNNIC
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1.1% under 10 27.3% between 10 to19 29.8% between 20 to 29 years old 23.4% between 30 to 39 years old 12.6% between 40 to 49 3.9% between 50 to 59 1.9% 60 or older Source: 27 th Statistical Survey Report on the Internet Development in China (Dec 2010), CNNIC
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And it’s INFLUENTIAL
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Source: HighTable.com Chinese consumers spend a lot of time online
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Avg. user spends 70 mins per month
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80% netizens use BBS to search for information of the product they plan to buy, and 62% netizens ask other BBS users for opinions before make purchases 1 56% netizens say Internet is their primary channel for airing views and opinions 2 User-generated content influences 58% of all purchase decisions in China, compared with 19% in the US 3 Source: 1) The Phenomenon of Chinese BBS by iResearch Consulting Group, November 2007 2) 27 th Statistical Survey Report on the Internet Development in China (July 2010), CNNIC 3) Netpop / Nations: China and the U.S. in a Web 2.0 World by Netpop, November 2007
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Source: HighTable.com Source: McKinsey
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But it’s also very 不同 (DIFFERENT)
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What you may be familiar with? Facebook – #1 choice of platform for marketers due to its reach (it is has the widest user group globally) Twitter – #1 microblog, Real-time channel, changing the way users react to news and events Youtube - #1 Video sharing site (with over 24 hours of videos uploaded each minute*) Popular social media platforms Foursquare / Location Based Service – #1 LBS service, users check in at various locations and earn virtual badges or receive real-world incentives (coupons)
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China’s equivalent White-collar College Student Teenage
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And much more… * Image source from Ogilvy One
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More brands have jumped into the social media as well
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Source: 2012 CIC whitepaper
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So, how to use Social Media to grow your business in China ?
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1.Set Clear Objectives & Strategies 2.Think English, Speak Chinese 3.Choose Platform(s) Wisely 4.Choose the Right Partners
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Social media does not equal to ePR It can help you accomplish many marketing objectives Building brand / product awareness Social CRM: acquiring new customers, increase loyalty of existing customers Driving commerce (online & offline) New products and features will further broaden opportunities Set Clear Objectives & Strategies
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We can build a brand and launch a new product…
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We can have rich engagement with our customers …
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We can effectively drive traffic to our online stores …
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We can even sell directly …
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We can provide better services to our customers …
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Think English, Speak Chinese Global StrategyLocal Ideas Global AssetsLocal Creative / Content Global AgenciesLocal Partners Global Media PlanLocal Platform Selection
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A good example
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Audience AlignmentProduct OfferingsCost Efficiency Choose your platform wisely ?
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Choose the right partners Social Media Specialist ATL Agency Media Agency Digital Agency Internal teams
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Thank YouThank You lizhou@staff.sina.com.cn LinkedIn.com/in/kenlizhouhong Weibo.com/kenlizhouhong
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