During the Guangdong High-Quality Development Conference, Huawei’s Chairman Liang Hua announced that the company’s 2024 annual sales revenue had exceeded 860 billion yuan, marking the second-highest figure in its history. This impressive milestone highlights Huawei’s resilience and innovation in navigating a complex global environment. A closer analysis reveals the key drivers behind this achievement. Consistent […]
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China Holds 63% of Global Humanoid Robot Supply Chain
Morgan Stanley’s recent report, Humanoid 100: Mapping the Value Chain of Humanoid Robots, has shed light on the remarkable rise of China within the global humanoid robot industry. Holding 63% of the global humanoid robot supply chain, China’s contribution spans critical hardware, integrated systems, and innovation ecosystems. China’s Key Role in the Humanoid Robot Industry […]
China’s Smartphone Market Rebounds in 2024
After two years of decline, China’s smartphone market experienced a notable recovery in 2024, with shipments growing by 5.6% year-over-year, reaching approximately 286 million units, according to IDC. This rebound marked a significant shift driven by pent-up demand for device upgrades, government consumption subsidies, and technological advancements in areas like generative AI, screens, and battery […]
DeepSeek and the Reluctant Disruptor: How Wang Wenfeng is Redefining China’s AI Ambitions
Few entrepreneurs in China’s burgeoning artificial intelligence sector have sparked as much intrigue as Wang Wenfeng, the founder of DeepSeek. A quiet yet calculated force in the industry, Wang has propelled his company to the forefront of AI research—not merely as a competitor to China’s technology giants but as a rare proponent of fundamental research […]
China’s MaaS Market Hits RMB 2.5 Billion
IDC reports that China’s Model-as-a-Service (MaaS) market reached RMB 2.5 billion in the first half of 2024. According to IDC’s latest study, China Model-as-a-Service (MaaS) and AI Large Model Solutions Market sector is forecast to maintain robust momentum through 2028, with a projected compound annual growth rate (CAGR) of 64.8%. By 2028, the MaaS market […]
WeChat Ecosystem Expands with Mini Stores and Push Distribution
At the 2025 WeChat Open Class on January 9, WeChat announced plans to deepen the integration of its “WeChat Mini Store” (Xiaodian) platform with push-based distribution, signaling a new growth trajectory for private domain e-commerce. Push-based distribution refers to a sales model where distributors, also known as “pushers” or “regiment leaders,” actively promote products through […]
TikTok Ban Spurs an Influx of American Users to Xiaohongshu
On January 10, the U.S. Supreme Court upheld a ban on TikTok unless ByteDance divests its American operations, potentially shuttering the platform in the U.S. by January 19. As a result, millions of TikTok users, dubbed “TikTok refugees,” have turned to alternatives, including popular Chinese social media app Xiaohongshu (Little Red Book).
Tmall Sees Influx of New Merchants in 2024
Alibaba’s flagship e-commerce platform, Tmall, has reported a significant surge in new merchants joining its platform in 2024, underscoring the continued dynamism and attractiveness of China’s online retail landscape. According to Tmall’s newly released 2024 Merchant Onboarding Report, the number of new businesses setting up shop on the platform saw a remarkable 83% year-on-year increase. This […]
Decoding the “Reverse Haitao” Phenomenon: Why Global Consumers are Flocking to Chinese E-Commerce
This article explores the growing trend of “reverse haitao,” where international consumers, even those who don’t speak Chinese, are increasingly purchasing goods from Chinese e-commerce platforms. It delves into the reasons behind this
10 Marketing Trends in China to Watch in 2025
As the curtains close on a turbulent 2024 marked by global economic headwinds and widespread fatigue, many brands, marketers, and consumers find themselves looking ahead to 2025 with cautious optimism. Economic indicators suggest a modest rebound—what some analysts are calling a “wobbly recovery.” However, from the reemergence of brand advertising to the proliferation of AI-driven […]
China’s EV Market Poised for Nearly 40% Surge in 2024
China’s electric vehicle (EV) market is expected to witness a pivotal shift in 2024, as EV sales outpace those of traditional internal combustion engine (ICE) cars for the first time, according to data from multiple industry sources including UBS, HSBC, Morningstar, and Wood Mackenzie. The projected annual sales of EVs, forecast to exceed 12 million […]
Lost in Southeast Asia: China’s Young Digital Nomads Seek Freedom and Meaning
In the early hours on the streets of Chiang Mai, Jian, a 25-year-old from Yunnan, looked up and sighed, “I’m out of money again. I’ll have to go home, find a job, save up, and then hit the road once more.” Jian’s cyclical journey—leaving China to travel abroad, running out of money, and returning to […]
Pinduoduo Surpasses Taobao in User Engagement During Double 11, While Taobao Leads in Daily Active Users
The annual Double 11 shopping festival has once again revealed the fierce competition among China’s e-commerce giants. QuestMobile’s latest report highlights the changing dynamics of the sector, showcasing a pivotal moment in user behavior and market competition during the extended promotional period, which now spans nearly 30 days compared to 20 days in previous years. […]
China’s Generative AI Software Market to Reach $3.54 Billion by 2025
The International Data Corporation (IDC) has unveiled a report that sheds light on the rapid evolution of the generative AI software market in China, which IDC forecasts will hit $3.54 billion by 2025. The Demand for Unified AI Development Platforms As enterprises increasingly adopt generative AI applications, the report emphasizes the pressing need for a […]
Tencent’s in Q3 2024: mini program GMV over 2T yuan
Tencent Holdings Limited, the Shenzhen-based internet and technology giant, showcased a robust performance for the third quarter of 2024, with revenues reaching RMB 167.2 billion (USD 23.9 billion), an 8% year-on-year (YoY) growth. The company’s results reflect strong execution across key business sectors—gaming, social media, cloud services, and financial technology—alongside strategic initiatives to leverage artificial […]