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 […]
Alibaba Cloud launched SaaS platform to help companies achieve carbon neutrality goals
Alibaba Cloud has launched a software-as-a-service (SaaS) product Energy Expert, a sustainability platform to help customers worldwide measure, analyze and manage the carbon emissions of their business activities and products.
China digital transformation spending forecast 2021-2026
The Chinese government’s digital economy related planning during the 14th Five Year Plan period provides good policy and financial support. The total digital economy related investment in the next five years will be 15-20 trillion yuan. COVID-19 and other emergencies further highlight the value of digitalization. IDC’s survey in 2021 shows that due to the […]
China’s 618 Shopping Festival 2022; Apple’s Tmall sales exceeded US$2 bn
According to the data by Nint, a digital retail data service provider, as of the end of the first round of 618 Shopping Festival 2022 (June 3), the estimated sales of 59 brands in a single category (hereinafter referred to as sales) exceeded 100 million in the 36 categories counted.
JD.com launched a cross-border B2B platform targeting overseas merchants
JD Worldwide, the international business of JD.com (Jingdong), launched a cross-border B2B platform Joybuy on June 18 2022. Joybuy connects overseas merchants with high-quality Chinese factories through the company’s selected supplier network.
China’s commercial service robot market overview 2022
In 2021, China’s commercial service robot market reached US $84 million (about RMB 540 million), with a year-on-year growth rate of 110.4%, according to data from IDC. Keenon Robot, Pudu Tech, CSJ Bot, Orion Star and other manufacturers lead the market. In the future, refined operation, pan catering, and overseas business will become an important […]
Top Chinese liquor brand Moutai starts selling ice cream
Selling ice cream in Maotai is not a fad, but a long plan. Maotai has initially launched three flavors of ice cream: original, vanilla, and tiramisu, selling at 39 yuan (US$5.8). According to its official disclosure, the R&D team is still experimenting with other Maotai ice cream of various flavors. In the future, Maotai will […]
China Internet of Things market forecast 2021-2026
In 2021, the global Internet of Things (enterprise-level) expenditure reached $690.26 billion and is expected to reach $1.1 trillion in 2026, with a five-year (2022-2026) compound growth rate (CAGR) of 10.7%, according to data from IDC. Among them, China’s enterprise market will reach US$294 billion in 2026, with a compound growth rate (CAGR) of 13.2%. […]
How Watsons China’s online sales almost doubled in 2021
Watsons China’s total revenue in 2021 was HK$22.77 billion, a year-on-year increase of 14%, the largest increase in the past five years. Watsons’ online sales increased by 94%, providing a strong impetus for the recovery of performance. Watsons’ long-term digital transformation has initially yielded fruitful results, which has become its biggest driving force to resist […]
China’s edge computing server market forecast 2022-2025
China’s edge computing server market reached US$3.31 billion in 2021, an increase of 23.9% over 2020. IDC predicts that from 2020 to 2025, the annual compound growth rate of the edge computing servers market in China will reach 22.2%, higher than 20.2% in the world. According to the deployment location, IDC classifies edge computing into […]
China tablet shipment up 8% in Q1 2022
In the first quarter of 2022, the shipment of China’s tablet market was about 6.76 million units, a year-on-year increase of 8.1%, according to the latest IDC data. With the adaptation to the new market situation, the global tablet computer shipment in the first quarter of 2022 decreased by 2.1% year-on-year to 39.13 million units. […]