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 […]
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 […]