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.
Top mobile app download sources in China
Mobile app download channels integrated with users’ lifestyle use case scenarios have gradually become the focus of mobile app vendors, shortening the download process and improving the user experience. The top download sources of mobile apps in June 2022 in China are Huawei App Store (909 million downloads), App Store (729M), and Oppo App Store […]
Baidu got permits for fully driverless robotaxi services in Chongqing and Wuhan
Baidu announced on 8 August 2022 that it has secured the first permits in China to offer commercial fully driverless robotaxi services to the public on open roads.
China household savings increased by over 10 trillion yuan in H1 2022
RMB saving deposits increased by 18.82 trillion yuan in the first half of the year, an increase of 4.77 trillion yuan year-on-year, according to data from People’s Bank of China. Household saving deposits increased by 10.33 trillion yuan in H1 2022, non-financial enterprise deposits increased by 5.3 trillion yuan, fiscal deposits increased by 506.1 billion […]
Baidu unveiled fully autonomous vehicle Apollo RT6
Baidu unveiled on 21 July 2022 its next-generation fully autonomous vehicle (AV) Apollo RT6, an all-electric, production-ready model with a detachable steering wheel. Designed for complex urban environments, Apollo RT6 will be put into operation in China in 2023 on Apollo Go, Baidu’s autonomous ride-hailing service.
Health has become a top factor for Chinese consumers’ food purchase
Chinese purchase of food, detergent, and other necessities requires a high brand trust from customers and indicates characteristics of high purchase frequency and strong user stickiness, according to a report jointly released by JD and Economic Daily News. Meanwhile, a large proportion of customers initially turn to online food shopping for a “better diet”; they […]