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 […]
7 Chinese companies made it to Forbes Blockchain 50 list in 2021
Forbes released the year 2021 version of Forbes Blockchain 50, from eligible companies with at least $1 billion in revenues or be valued at a minimum $1 billion.
China mobile short-video app market; Tik Tok vs. Kuaishou
Kuaishou started to lead the short video market by reaching over 200 million MAU in November 2017. Tik Top, part of Toutiao, saw astonishing growth in MAU from September 2017. In February 2018, Kuaishou continued to dominate this market with DAU of exceeding 100 million, followed by Tik Tok.
China data center market overview 2021
The total revenues of China’s internet data center businesses reached 113.24 billion yuan and are expected to grow at a CAGR of 30%. China’s data center market is estimated to reach 149.4 billion yuan in 2020, with an increase of almost 32%. The drivers behind the demand in China’s data center include Growth of internet […]
JD.com’s Jingxi platform saw surging sales from college students in 2021
College students’ e-commerce orders on Jingxi platform more than quadrupled in January 2021, according to JD.com. Jingxi is JD.com’s social commerce platform, positioned to compete with Pinduoduo in lower-tier cities, and running Chinese New Year (CNY) Grand Promotion like other e-commerce platforms in China. Annual active consumers of Taobao Deals, a similar product from Alibaba Group […]
These 5 Chinese companies made it to Fortune World’s Most Admired Companies 2021
Apple, Amazon, and Microsoft hold the top three spots in Fortune’s ranking of corporate reputation – World’s Most Admired Companies for 2021. Apple, the premier personal-tech provider, tops the roster for the 14th year in a row, based on Fortune’s poll of some 3,800 corporate executives, directors, and analysts.
IMF raised its forecast for global and China’s economic growth in 2021
The International Monetary Fund (IMF) raised its forecast for global economic growth.
How big is the e-cigarette market? Global vs. China 2016-2023E
China’s vaping firm RELX’s share price more than doubled in its trading debut last week. But how big is the e-cigarette market? There were 1 billion combustible tobacco users worldwide in 2019, of which 85.5% were cigarette users. In 2019, the global sales of combustible tobacco and low-toxic cigarette alternative products were US$850.7 billion and […]
10 Trends in China’s future customers 2021-2025
In the next five years, digital marketing will develop more rapidly in the aspects of non-contact experience, consumption entertainment, consumer-generated video, and personalized experience.
10 Forecast for China PC Market
In 2020, China’s PC market affected by the epidemic was like being on a roller coaster. In the first quarter of 2020, China’s PC market dropped by 28.1% year on year, but the growth rate in the next three quarters is about 10% year on year. IDC predicts that China’s PC market will grow by […]
China’s economy (GDP) grew 2.3% in 2020, expected to grow by 7.9% in 2021
The gross domestic product (GDP) was 101,598.6 billion yuan in 2020, an increase of 2.3% over the previous year at comparable prices, according to preliminary estimates of the National Bureau of Statistics of China. China’s year-on-year GDP for the first quarter went down by 6.8%, up by 3.2% for the second quarter, 4.9% for the […]