China’s cloud infrastructure service spending reached $9.4 billion in the second quarter of 2024, marking an 8% year-on-year growth, according to the latest data from Canalys. The country’s leading cloud providers—Alibaba Cloud, Huawei Cloud, and Tencent Cloud—dominate the market, collectively holding a 71% share. Despite broader macroeconomic conditions slowing growth in some sectors, cloud service […]
JD.com and Alibaba Invest Billions in Hong Kong to Lead the Double 11 E-commerce Battle
With the upcoming Double 11 shopping festival just around the corner, China’s leading e-commerce giants, JD.com and Alibaba, are pouring substantial investments into the Hong Kong market. Both companies are ramping up efforts to capture market share with aggressive campaigns that go beyond simply offering free shipping.
Chinese E-Commerce Powerhouse Soars on Niche Platforms
In the ever-evolving landscape of global e-commerce, Chinese sellers are increasingly turning their attention to niche platforms across Europe, reaping substantial rewards. A standout example is Zhiou Technology (致欧科技), which has surged on the German e-commerce platform OTTO, amassing a staggering 570 million yuan (over US$80 million) in just two and a half years. A […]
China’s Cloud Market Enters a New AI Era
The landscape of China’s cloud services industry is undergoing a seismic shift, propelled by the burgeoning applications of artificial intelligence (AI). As the sector moves beyond the intense competition over large-scale AI models that characterized last year, this year marks the rise of AI-driven applications as the new battleground. This evolution signals a transformative phase […]
Instant Retail: New Battleground for Chinese e-commerce platforms?
In China’s fast-paced lifestyle, consumers are demanding more immediacy and convenience from their shopping experiences. With just a few taps on their phones, they want products delivered within the hour. This growing trend has led to the rise of instant retail, a retail model where products are ordered online and delivered to consumers in as […]
Chinese Sellers Thrive Overseas
In 2024, several sectors continued to thrive, with cross-border e-commerce standing out as a key area of growth. As China’s export e-commerce industry rapidly expands, the scope of its influence has spread across the globe, with sellers from small towns to large cities riding the wave of international digital commerce. Cross-Border E-commerce: A Rapidly Growing […]
Pinduoduo, Douyin, and Kuaishou struggling with growth
In 2024, some of China’s leading internet companies, including Pinduoduo, Douyin (TikTok’s Chinese counterpart), and Kuaishou, reported sluggish growth. Their Q2 financial results signal a potential turning point after a decade of rapid expansion, primarily driven by recommendation algorithms. As these platforms face increasing competition and saturation in their respective markets, the once-powerful engines of […]
68.8% Opt for Online Trade-Ins, 95.5% Engage with Short Videos in H1 2024
China’s digital landscape continues to evolve rapidly, with a marked shift in consumer behavior and digital service adoption. The latest report by the China Internet Network Information Center (CNNIC) highlights several key trends in the first half of 2024, focusing on consumer demand, mobile payment convenience, and the burgeoning online video industry. Growing Popularity of […]
“Black Myth: Wukong” Ignites Gaming Surge and Tourism Boom in China
The release of the highly anticipated video game “Black Myth: Wukong” has sparked a wave of consumer activity across China, boosting video game sales and driving a surge in tourism, particularly to historical sites featured in the game.
Huawei Revenue Up 34.3% YoY in H1 2024
Huawei has released its financial results for the first half of 2024, reporting robust growth and stable operations that align with market expectations. The company achieved a sales revenue of RMB 4,175 billion in H1 2024, marking a 34.3% increase compared to the same period last year. The net profit margin for the first half […]
China’s Generative AI Market Ecosystem Overview
As the generative AI market matures, China’s landscape is swiftly solidifying into a competitive environment driven by the country’s leading tech giants, innovative AI startups, and established AI companies. According to the latest report from QuestMobile, the generative AI market in China is developing into a tripartite ecosystem with significant contributions from top internet companies, […]
China’s Cooking Robotics Market Sees Rapid Growth Amid Challenges
China’s domestic cooking robotics market, though still in its nascent stages, is witnessing significant growth, according to recent data from Aowei Cloud. In the first half of 2024, online sales revenue for cooking robots reached RMB 130 million (approximately USD 17.8 million), marking a robust year-on-year increase of 41.2%. Sales volume surged even more impressively, […]
Huawei HiSilicon Enters Top 10 in China’s Passenger Vehicle Cockpit Chip Market
In the first half of 2024, the Chinese passenger vehicle market witnessed significant developments in the automotive cockpit chip sector. According to the latest report by Gaogong Intelligent Vehicle Research Institute, Huawei HiSilicon, a domestic brand, made a remarkable entry into the top ten list of cockpit chip suppliers, securing its position with a delivery […]
3 Chinese Apps in Top 10 AI Apps
In the rapidly evolving world of AI, one might expect global giants like Alibaba to dominate. However, as of the first half of 2024, it’s Zuoyebang, the former leader in online education, that has taken the AI landscape by storm. According to data from Sensor Tower, Zuoyebang has made significant strides in the U.S. market […]
Operating Costs of China E-Commerce Giants
In recent times, the controversy surrounding the “refund only” policy on Chinese e-commerce platforms has sparked considerable debate. Some merchants have publicly voiced their frustrations, accusing the policy of being exploited by so-called “bargain hunters,” leading to what they describe as malicious refund practices. However, a closer examination reveals that even for those merchants who […]