With a series of internal adjustments in 2019 and re-positioning, Yanxuan, an e-commerce platform incubated by Internet company NetEase, is gradually becoming a “new middle-class favorite lifestyle brand.”. Netease Yanxuan, as a new consumer brand, has completely lost its ODM burden and has made continuous breakthroughs in commodity design and sales. Huluwa beauty products on […]
China social e-commerce market insights
Social e-commerce accounted for 34.37% of total e-commerce transactions in 2020 according to a survey conducted by the Internet Society of China. For social e-commerce merchants, the top sources for users are WeChat Groups and WeChat Moments. Tmall accounted for about one-third of the surveyed brand merchants’ e-commerce sales in 2020. JD and Pinduoduo are […]
Li Auto vehicle deliveries up 111% in April 2021
Li Auto delivered 5,539 Li ONEs in April 2021, representing a 111.3% year-over-year increase and taking the cumulative deliveries to 51,715.
Baidu starts offering paid robotaxi service in Beijing on May 2
Baidu, Inc. will open fully driverless robotaxi services to the public in Beijing starting from May 2, 2021, which will be China’s first paid autonomous vehicle service where users can hail a robotaxi without a safety driver behind the steering wheel, marking a landmark step on the road to commercialization of autonomous driving.
China cross-border B2B e-commerce markets insights 2021-2025
The compound growth rate of China’s cross-border e-commerce market will reach 25% from 2020 to 2025. In 2019, B2B accounts for 74.1% of China’s cross-border e-commerce sales In 2019, the total market of China’s cross-border export B2B e-commerce service providers reached 539.1 billion yuan, and the compound growth rate of the cross-border B2B service market […]
China’s big data market forecast 2021-2024; total spending to exceed US$20 bn by 2024
In 2020, the overall scale of the big data market in China exceeded US$10 billion for the first time, with a year-on-year growth of 15.9% over 2019, according to data from IDC. In the long run, China’s big data expenditure shows a steady growth trend as a whole, and the total market volume is expected […]
China cross-border e-commerce grew over 46% in Q1 2021
The import and export of China’s cross-border e-commerce in the first quarter of 2021 totaled 419.5 billion yuan (US$63.83 billion), a year-on-year increase of 46.5%, according to China’s The General Administration of Customs.
Private domain operation trends of retail chain enterprises in China
WeChat ecosystem has boosted retail chain brands’ business through Official Accounts, WeChat community, personal accounts, mini programs, live streaming, and etc. It delivers better customer retention, higher repeat purchase, and optimal value per customer. Compared with the traditional online channel, the private domain traffic operation saves the platform commission and the platform traffic purchase cost; […]
China online entertainment market briefing and top apps in 2021
The user penetration rate of China pan-entertainment market (97%) is almost saturated, but the user stickiness is still further improving, among which the growth of short video industry is the most prominent. This market briefing covers multiple sectors including online video, short video, music, podcast, live streaming, and gaming. Compared with mobile gaming and digital […]
How WeChat empowers large retail chains for private traffic
Most large retail chain enterprises in China operate multiple WeChat mini-programs, and each mini program carries different businesses or functions. Watsons, for example, operates 10 mini programs, including official “cloud store” (online shopping mall), Zhidepin (group buying), member center, and Zaomei Planet. Convenience store chain Meiyijia operates 9 mini programs and IKEA operates 8 mini […]
China online travel booking users decreased by 18% in 2020
The number of online travel booking users in China dropped to 342 million in 2020 from 418 million in 2019. LY.com relies heavily on WeChat Mini Program, leading other mobile travel platforms with over 155 million monthly active users. China online travel market grew 8% QoQ in H1 2020 China’s online travel market transactions totaled […]
China online education market overview 2021
The number of online education users in China skyrocketed in 2020 and reached 341.7 million as of December 31, 2020, accounting for 34.6% of internet users. Mobile online education users rose sharply and exceeded 340.7 million in 2020. China’s online education is estimated to be a 400.38 billion yuan (US$58.51 billion) market in 2020, with […]
Douyin (TikTok) users overview 2021; average DAU reached about 600 million in Q1
Douyin, TikTok’s Chinese platforms, saw its Q1’s DAU peak on Chinese New Year’s Eve, February 11th, when the main platform DAU reached 580 million, according to Tencent News. The DAU of Douyin Lite and Douyin Huoshan exceeded 100 million, which indicates that a combined DAU of all Douyin platforms could reach about 700 million. According […]
Over 60% Chinese Gen-Z prefer domestic car brand; 1/4 prefer new energy vehicle
Among the potential buyers of cars in China in the next six months, the post-95 generation (born between 1995-1999) accounted for 11%, according to China New Car Purchase Intention Study 2021 by JD Power. Over 60% and nearly a quarter of the post-95 potential customers tend to buy domestic brands and new energy vehicles (NEV), […]
China Mobile has the most 5G mobile subscribers of 165 million
The turnover of telecommunication services in China totaled 13,675.8 billion yuan in 2020, up by 28.1 percent over the previous year, according to the National Bureau of Statistics of China.