Recently, the Beijing Municipal Bureau of Market Supervision has issued the Beijing Advertising Release Behavior Compliance Guidelines and the Beijing Financial Investment and Wealth Management Advertising Release Compliance Guidelines. The spokesperson in advertising is prohibited from promoting goods or services who never used the products themselves. Internet pop-up ads must allow users to close them […]
China’s mobile payment market overview 2023: Alipay vs. WeChat Pay
QR code payment is still the most commonly used payment method for mobile payment users in China according to China Payment & Clearing Association’s research. “Which payment do you use more in daily life?” According to recent research conducted by the China Payment & Clearing Association, QR code payment remains the most frequently used payment […]
Chinese New Year Holiday Sees Surge in Domestic Tourism with 375 Billion Yuan Revenue
308 million domestic tourism trips were made during the Chinese New Year (CNY) holiday this year, up 23.1% year on year, and recovered to 88.6% in the same period of 2019, according to the Ministry of Culture and Tourism.
China smartphone shipment down 12.6% in Q4 2022
Chinese smartphone market shipped approximately 72.92 million units in the fourth quarter of 2022, down 12.6 percent year-over-year, according to data from IDC. The full-year 2022 Chinese smartphone market shipped approximately 286 million units, down 13.2 percent year-over-year, the largest decline on record.
China’s automobile exports surpassed Germany in 2022
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.