China’s export of automobiles exceeded 3 million, reaching 3.111 million in 2022, an increase of 54.4% year on year, due to the shortage of overseas supply and the substantial increase in the export competitiveness of Chinese automobile enterprises, according to the data of the China Automobile Association.
China online retail sales up 4% in 2022
In December 2021, the total retail sales of social consumer goods in China were 4,054.2 billion yuan, a decrease of 1.8 percent compared to the previous year. Retail sales of consumer goods, excluding automobiles, totaled 3,543.8 billion yuan, a decrease of 2.6 percent.
China GDP Grew 3% in 2022
China’s GDP in 2022 was 121,020.7 billion yuan, an increase of 3.0 percent over the previous year.
WeChat Users & Platform Statistics 2023
In 2022, the total views of the original content on WeChat Channel (video account) increased by 350% year on year, and the scale of live broadcast increased by 300%, according to WeChat’s data released on 10 January 2023.
China’s IoT spending to reach US$298 billion by 2026
In 2021, the global enterprise-level investment in the Internet of Things was about US$681.28 billion, which is expected to increase to 1.1 trillion US dollars in 2026, with a five-year compound growth rate (CAGR) of 10.8%. Affected by the epidemic, IDC slightly reduced the total spend forecast of China’s Internet of Things market in 2022. […]
China saw 53 million domestic tourism trips in New Year’s Day holiday 2023
During the New Year’s Day holiday of 2023, China saw 52.7134 million domestic tourism trips nationwide, a year-on-year increase of 0.44%, and a comparable recovery of 42.8% compared to the same period in the 2019 New Year’s holiday, according to the data of China’s Ministry of Culture and Tourism.
Trip.com revenues up 29% in Q3
Trip.com’s (formerly Ctrip) China domestic and international business continued to show strong recovery momentum in the third quarter of 2022. Both domestic hotel and air reservation revenue saw positive year-over-year growth, with the domestic hotel booking revenue increasing by 25% year over year.
Consumer VR shipment in China up 166% in H1 2022
Most of the new VR products in China are standalone headsets, with many using Pancake lenses for the consumer market, which sees increasing shipments of VR products as the VR content ecosystem dominated by gaming and fitness is developing, according to IDC. Consumer standalone VR shipments in China increased by 166.2% year-over-year in the first […]
Double 11 shopping festival 2022: Tmall and JD sales
Alibaba’s Tmall kicked off the Double 11 Shopping Festival 2022 at 8:00 p.m. on October 24. Compared with the pre-sale started on October 20 or 21 in previous years, the pre-sale time of this year’s Double 11 has been shortened.
China has 67% market share in the world’s new energy vehicles market in Sep
From January to September 2022, the sales volume of generalized new energy vehicles in China reached 9.98 million, including 2.76 million hybrid vehicles, accounting for 28%, according to Passenger Transport Association.
Tencent launched search ads on WeChat
The WeChat advertising team announced the launch of WeChat search advertising on 3 November 2023, which supports competitive promotion capabilities.
Top 3 private traffic platforms for merchants in China
WeChat, Alipay, and short video platforms (Douyin, Kuaishou, etc) have become the most important platforms for Chinese merchants’ private traffic operation according to a report from iResearch. More than 80% of businesses believe that the cost of private traffic has increased by 40%, so the conversion rate and leveraging public traffic have become the core […]
China Fashion Industry in the Next Decade
The domestic demand for shoes and clothing in China has continued to grow rapidly and has leaped to the largest single footwear and clothing consumer market in the world, accounting for a quarter of the total, according to a recent McKinsey whitepaper. In this period of rapid development, driven by various factors such as economy, […]
Why are Chinese sportswear brands launching coffee products?
It is not new for Chinese shoe and apparel brands to get involved in coffee, tea, and even catering products and services. Earlier, some luxury fashion brands tried to sell coffee drinks in the store. According to the information on China Trademark Network, Xtep (China) Co., Ltd. recently applied for the registration of 3 “TE […]
Chinese Quora Zhihu paying users grew by 78% in Q2 2022
In Q2 2022, China’s Quora Zhihu’s user base discontinued its growth, with average MAUs increasing by 12.3% year-over-year to 105.9 million. The average MAUs for the year 2021 was 95.9 million.