Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has grown at a CAGR of 9.1 % over the past five years, to reach an estimated $51.0bn in 2025.
Trends and Insights
With the increasing popularity of mobile internet, the industry has experienced rapid growth
- Since 2010, with the rapid development of mobile internet, mobile social networking has attracted the attention of a large number of large-scale social networking websites due to its more convenient and effective interactive communication advantages. In 2023, there were 122.5 mobile phones owned by every 100 people. China has the largest mobile social network market in the world.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
As the maturity of the industry increases, the growth rate of industry revenue slows down
- Industry growth is projected to be slower than that recorded over the past five years, largely due to intensifying competition. In addition, this trend indicates that the industry is maturing and becoming more stable after rapidly developing.
Biggest companies in the Social Networking in China
| Company | Market Share (%)
2025 | Revenue ($m)
2025 |
|---|---|---|
Tencent Holdings Limited | 9,960.6 | |
Kuaishou Technology | 9,386.0 | |
Baidu, Inc. | 8,575.0 |
To view the market share and analysis for all 10 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Social interaction products, Community building products and Content creation and sharing products. Social interaction products is the largest segment of the Social Networking in China.
Trends and Insights
Social interaction products have the largest user base
- Social interaction products refer to products that achieve instant communication, interaction and contact between users. These products are often used in various scenarios like life, work and public places.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Social Networking industry in China is rooted in two aspects: social interaction and the internet. Industry enterprises create online communities with groups of people who share similar interests. Registered users are provided with various methods of communicating with each other.
What's included in this industry?
Social interaction products Community building productsContent creation and sharing productsCompanies
Tencent Holdings LimitedKuaishou TechnologyBaidu, Inc.Purchase this report to view all 10 major companies in this industry.
Related Terms
OPEN PLATFORMAPPLICATION PROGRAMMING INTERFACE (API)WEIBOPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Internet penetration has boosted industry demand. The increase in the user base leads to an increase in the market segments that can be exploited, thus promoting the developm...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Social interaction products have the largest number of users. Social interaction products can meet the basic daily social needs of users, and the future profit space is large...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2025
- Product innovation level
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The distribution of industry enterprises does not need to be geographically restricted. Because the Internet connection can eliminate geographical barriers, the industry's pr...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each region in 2025
- Number and share of revenue each region accounts for in 2025
- Number and share of wages each region accounts for in 2025
- Number and share of employees in each region in 2025
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Top industry enterprises dominate the market with huge users. They take advantages in funds, resources, and R&D and have strong competitiveness in the market.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Top enterprises have launched many social products to meet market demand. To expand the user base and strengthen customer stickiness, top enterprises attract users with multi...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2021 through 2025
- Major companies in the industry, including market share, revenue, profit and profit margin in 2025
- Overview of Tencent Holdings Limited's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Kuaishou Technology's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Baidu, Inc.'s performance by revenue, market share and profit margin from 2019 through 2025
- Overview of revenue, market share and profit margin trend for 7 additional companies
Detailed analysis
- Description and key data for Tencent Holdings Limited, and factors influencing its performance in the industry
- Description and key data for Kuaishou Technology, and factors influencing its performance in the industry
- Description and key data for Baidu, Inc., and factors influencing its performance in the industry
- Description, key data and performance trends for 7 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Government has provided assistance to the industry in many ways. The Government has incorporated industry development into its planning, supported other industries to int...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The industry has increased investment in marketing in recent years. Social networks need users to have a good impression of them and strengthen marketing can help industry en...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Social Networking industry in China in 2025?
The market size of the Social Networking industry in China is $51.0bn in 2025.
How many businesses are there in the Social Networking industry in China in 2025?
There are 7,944 businesses in the Social Networking industry in China, which has grown at a CAGR of 2.0 % between 2020 and 2025.
How may import tariffs affect the Social Networking industry in China?
The Social Networking industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Social Networking industry in China?
The Social Networking industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Social Networking industry in China grown or declined over the past 5 years?
The market size of the Social Networking industry in China has been growing at a CAGR of 9.1 % between 2020 and 2025.
What is the forecast growth of the Social Networking industry in China over the next 5 years?
Over the next five years, the Social Networking industry in China is expected to grow.
What are the biggest companies in the Social Networking industry in China?
The biggest companies operating in the Social Networking industry in China are Tencent Holdings Limited, Kuaishou Technology and Baidu, Inc.
What does the Social Networking industry in China include?
Social interaction products and Community building products are part of the Social Networking industry in China.
Which companies have the highest market share in the Social Networking industry in China?
The company holding the most market share in the Social Networking industry in China is Tencent Holdings Limited.
How competitive is the Social Networking industry in China?
The level of competition is moderate and increasing in the Social Networking industry in China.
Related Industries
Widen your competitive advantage with related industries
Competitors
International industries
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
