In a relatively short time, China has become one of the world’s largest digital economies. Thanks to the support of nearly one billion internet users, China’s e-commerce sales rose to $1.7 trillion in 2020, accounting for about 30% of the country’s total retail sales. But scale is not the whole point of the story. Innovation […]
China enterprise SaaS market overview and forecast
After the market recovered in 2018 and the growth fell slightly in 2019, caused by the epidemic, the growth rate of SaaS market rose again in 2020. In 2020, the SaaS market in China reached 53.8 billion yuan, a year-on-year increase of 48.7%. At this stage, the capital market’s attitude towards SaaS is more rational, […]
Using Google Analytics to track Chinese users? Be aware of legal risks
In addition to the accuracy of data collection from mainland Chinese users using Google Analytics (GA), companies may also face legal risks. China’s PIPL (Personal Information Protection Law) takes effect from 1 November 2021. Article 36 of PIPL: personal information processed by state agencies shall be stored within the territory of the People’s Republic of […]
China Digital Luxury Report 2021
China’s post-90s (those born after 1990) are expected to contribute to 46% of China’s luxury purchases in 2021, according to joint research by Tencent Marketing Insight (TMI) and Boston Consulting Group (BCG). China’s post-90s already make up 50% of the luxury goods buyers in the country, with a fast growth rate of between 25-35 percent […]
Top 10 Tech Trends in 2022 according to Baidu
Baidu shares top 10 technology trends in 2022 including large-scale pre-training model, AI for science, AI-powered computational biology, integration of quantum hardware and software, autonomous driving, deep space exploration, human-machine symbiosis, green AI, and Inclusive AI. As we begin 2022, with the global pandemic continuing to bring turmoil and the global economy facing numerous challenges, […]
Top 10 Smart City Forecast in China 2022-2025
In 2022, China’s smart city will focus on cloud innovation, data governance, data connectivity, and new infrastructure development, and promote urban digital transformation through coordinated development, according to IDC. 1. Central government’s investment in local government. Thanks to years of stimulus measures provided by national and regional governments during the epidemic, many cities and communities […]
Baidu launched its metaverse app XiRang
Baidu opened Baidu Create 2021 on 27 December, the first day of a three-day annual flagship developers’ conference on its metaverse app XiRang. The event was also China’s first-ever metaverse technology symposium.
Top 10 forecasts of China’s smart home market 2022
In 2021, China’s smart home market starts upgrading and adjusting in the pressure and transformation on both sides of supply and demand, and gradually optimize the problems exposed after the market surge. Facing the vast opportunities to be explored ahead, in 2022, China’s smart home market will deeply focus on platforms, applications, technologies, and scenarios, […]
Trending shopping attitudes of Chinese consumers
With the continuous improvement of income and consumption level, Chinese consumers are realizing their consumption influence on the brand and society. More and more Chinese consumers choose ethical, environment-friendly, and local products and make conscious purchase decisions, according to a recent report from Publicis Groupe. Despite the impact of the epidemic, China’s economy has maintained […]
The number of 5G connections in China to reach 865M by 2025, 40% of global total
By the end of the third quarter of 2021, the global 5G network has grown to 176, and the number of 5g connections has reached about 550 million, according to GSMA. The number of 5G connections in China accounts for 78% of the total number of 5G connections in the world, about 430 million. By […]
Chengdu Becomes the Largest Imported-Wine Market in China
JD Supermarket has released an imported wine consumption trends report this week with insights from Double 11 Shopping Festival, reflecting Chinese consumers’ enthusiasm towards imported wine.
Baidu to integrate mRNA design optimization platform into Sanofi
Baidu and Sanofi, a leading biopharmaceutical company focused on human health, have entered into an agreement to integrate Baidu’s messenger ribonucleic acid (mRNA) design optimization platform, LinearDesign, into Sanofi’s product design pipeline.
17 million more marriageable men than women in China
Double Eleven is not only a shopping festival but also known as Singles Day in China. There are “30 million singles” in China. Is this really the case? In fact, there are 17.52 million more men of marriageable age than women according to the National Bureau of Statistics (NBS).
Double 11 (Singles’ Day) Shopping Festival 2021: Alibaba Tmall GVM hit US$84.54 billion
Would Double 11, the biggest shopping event in China, remain the most important shopping festival in 2021? The total amount of GMV this year will be twice that of 2019, reaching about US$85 billion, according to App Annie’s forecast.
Game streaming platform Huya mobile MAU up 15% in Q3 2021
Huya’s total net revenues for the third quarter of 2021 increased by 5.7% to RMB2,975.5 million (US$461.8 million), from RMB2,814.8 million for the same period of 2020.