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 […]
Profile of Zhihu: China’s Quora, a top content community
Launched in 2011, Zhihu is the largest Q&A online community and one of the top five comprehensive online content communities in China, both in terms of average mobile MAUs and revenue in 2020, according to CIC.
China saw 41% less travelers during Chinese New Year 2021
March 8 is the last day of the Chinese New Year 2021. According to the data of the State Council, the total number of passengers sent by railways, highways, waterways, and civil aviation is expected to reach 870.836 million person-trips, 70.9% lower than the same period in 2019 and 40.8% lower than the same period […]
China electric vehicles (EVs) sales grew 8% to 1.3 million units in 2020
A record 1.3 million electric vehicles (EVs) were sold in China in 2020 with a year-on-year growth of 8%, comparing with 39% worldwide sales growth, according to research from Canalys.
China smart speaker market overview 2021
In 2020, the smart speaker market in China sold 36.76 million units, a year-on-year decrease of 8.6%; among them, smart speakers with screens accounted for 35.5% and sales increased by 31.0%, according to data from IDC. Baidu leads the smart speakers (with screens) market, followed by Alibaba and Xiaomi. The overall market share this time […]
China’s birth rate reached the lowest since 2000
The number of China’s births reached 14.65 million in 2019, a decrease of 580,000 compared with 2018, according to the latest data of the National Bureau of Statistics.
Gen-Z Insights: capturing attention of China’s post-95s consumers
Attention is the first impetus for people to start thinking and take part in the action. It has become a scarce resource in the prosperity of the Internet. Today’s young people’s daily cross-screen multithreading behavior has intensified the dispersion and switching of resources. When is their attention most active? What do they focus on? What […]
Top 10 predictions for China’s blockchain market 2021-2025
By 2025, blockchain-based electronic voting solutions will become the mainstream solution, and 5% of jurisdictions will conduct blockchain voting system testing in China, according to IDC. By 2024, the healthcare blockchain digital identity standard will come from the National Health Commission or other health institutions, and the following four aspects can be achieved: medical data […]
Forecast of China’s digital automobile and transportation market 2021-2025
The digital automobile and transportation market is considered to be the entire ecosystem of companies, products, and services related to automobiles and transportation infrastructure based on the Internet, IoT, and third-party platform technologies. The digital automobile and transportation ecosystem includes a wide range of market participants, including but not limited to: automobile manufacturers, suppliers and […]
China’s wealthy families exceeded 5 million in 2020; there are their desired brands
The number of “wealthy families” with at least 6 million yuan (about US$930 thousand) assets in China exceeded 5 million for the first time in 2020, an increase of 1.4% over the previous year, according to Hurun Research Institute. Beijing is still the area with the most “wealthy families” with assets of at least 6 […]
China networks market forecast 2021-2024
Affected by COVID-19, the global networks market in 2020 (including Ethernet switches, routers, and WLAN) has declined year by year. China’s network market growth is still positive due to effective epidemic control and economic growth resilience. Looking forward to 2021 and the next few years, China’s network market will enter the era of medium speed […]
JD Worldwide cross-border e-commerce trends in 2021
Consumer goods imports to China grew 8.2% in 2020, reaching RMB 1.57 trillion yuan (US $242.1 billion), according to China’s Ministry of Commerce (MOFCOM). JD.com’s cross border import e-commerce platform JD Worldwide saw a total sales increase of 50% during the Singles Day Grand Promotion 2020. A driving force: “Be kind to yourself” Popular categories […]
JD targets China middle-class households with membership platform Yihaodian
JD-owned e-commerce platform Yihaodian focuses on middle-class family customers who demand high-quality products with competitive prices. Yihaodian (YHD) provides only around 10,000 SKUs, far less compared with millions of SKUs on JD.com. They are carefully selected based on the preferences of Yihaodian’s members who are usually middle-aged, married, living in first and second-tier cities, and […]