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.
JD.com launched “deposit and delivery service” for tire shoppers
JD Auto and JD Logistics jointly introduced the “deposit and delivery service” for tires bought online through the JD.com platform. The announcement is made in conjunction with the launch of JD’s tire shopping festival starting on 18 March 2021. After ordering the tires on JD, customers can send the products to their designated “JD Mini […]
Profile of Tuya Inc, China’s IoT cloud platform, empowering brands like Philips and Schneider Electric
Tuya Inc has pioneered a purpose-built IoT cloud platform that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, and Software-as-a-Service, or SaaS, to businesses and developers. Its IoT PaaS offering enables businesses and developers to quickly and cost-effectively develop, launch, manage and monetize software-enabled devices and services. Its Industry SaaS offering enables businesses to easily and […]
Burberry co-created mobile game skins for Honor of Kings with Tencent
In Honor of Kings’ first co-creation with a luxury brand, Burberry Chief Creative Officer Riccardo Tisci has exclusively designed two skins for the mobile game’s popular heroine, Yao.
70% Chinese enterprises believe China will see V-shaped recovery
More than 60% of Chinese executives say Chinese companies will become more competitive in the face of European and American companies than they used to be. In contrast, 40 percent of North American executives and 45 percent of European executives say the market will be less competitive than China after the outbreak. In recent research […]
Beike, China real estate tech giant’s total transactions up 64.5% in 2020
KE Holdings or Beike (NYSE:BEKE), China’s leading real estate platform, saw 65.4% YoY growth in the total gross transaction value (GTV) to RMB1,120.0 billion (US$171.6 billion), according to its official press release.
Highlights of China’s toughened measures against online markets
E-commerce live streaming videos should be kept for at least three years Special terms for personal information protection It is strictly forbidden to force “picking one from two” Online platform responsibilities On March 15, China’s State Administration of Market Supervision issued Measures for the Supervision and Administration of Online Market (“New Measures”), which will come […]
Alibaba steps up for community group buying market in China
Recently, Alibaba has set up an MMC business unit to focus on the community group buying business, integrating the community group buying business of Lingshoutong and Hema Jishi. The business group leader is a partner at Alibaba Dai Shan, who is the eleventh employee of Alibaba and also the president of Alibaba’s B2B business group. […]
How Tencent’s investment strategy made it US$120 billion in 2020
Tencent made a total of about US$120 billion in 2020 through its minority stakes in about 100 listed companies. Such achievements are enough to make any venture capital company in Silicon Valley envious. Tencent is one of the largest and smartest technology investors in the world, holding shares in a range of companies, including Snap […]