According to IDC, the total GDP brought by digital services and products in 2018 is estimated to be approximately US$13.5 trillion, accounting for 17% of the total global GDP. By 2023, more than 50% of the global economy will be driven by the digital economy. Therefore, the rapid development of enterprises’ digital innovation capabilities will […]
5G connected car sales in China to exceed 7 million units by 2025
5G connected car sales in China will grow to 7.1 million units in 2025, accounting for 40% of the country’s total connected car sales volume, according to the latest research by Counterpoint. Currently, 4G dominates China’s connected car market. The sales volume of 4G connected cars are expected to reach 7.8 million units in 2020 […]
Top search trends in China in 2020
The most searched 10 keywords on Baidu related to technology in 2020 are mask facial recognition, quantum computing, virtual human, brain-computer interface, driverless taxi, industrial Internet of Things, cloud server, industrial intelligence, artificial neural networks, smart traffic lights.
China smart cities spending forecast 2020-2024, with a CAGR of 17%
The global investment in smart cities in 2020 will reach US$111.14 billion, a year-on-year increase of 9.1%, which is lower than the expected growth rate of 18.9% made before the epidemic, according to IDC. In the long run, the impact of the epidemic will gradually be weak, and the growth of global smart city spending […]
The rise of men in China’s “she-conomy”
Today, in some areas of consumption in China that were originally only for women, men’s consumption has also begun to emerge. According to the data of a white paper from So Young, the number of male medical cosmetology consumers in China has increased by 52.30% in 2019, which is lower than the 70% growth rate […]
China’s edge computing server market forecast 2020-2024
In the first half of 2020, China’s edge computing server market was about US$1.113 billion and is expected to reach US$2.782 billion at the end of 2020, an increase of 20.6% compared with the same period in 2019. IDC predicts that from 2019 to 2024, the compound annual growth rate of China’s edge computing server […]
Top 10 forecasts of China’s manufacturing industry 2021
50% of China’s top 2000 enterprises will use AI to develop risk-based operational decision guidance and insight; the time to market will be reduced by 55%, according to forecasts from IDC. 1. AI risk decision By 2026, 50% of China’s top 2000 enterprises will use artificial intelligence to develop risk-based operational decision guidance and insight, […]
Top 10 forecasts for China’s financial services industry in 2021
By 2022, 75% of consumer and small business loans will be made through automated processes supported by artificial intelligence, according to a forecast from IDC. Check out IDC’s top 10 forecasts for China’s financial services industry in 2021. 1. smart loan decision By the end of 2022, 75% of lending decisions in retail banking will […]
China saw first online payment using Digital Currency Electronic Payment
China’s first online order by Digital Currency Electronic Payment (DECP) was made by a Suzhou online shopper at JD.com on December 11, right after Suzhou’s government kicked off the Double 12 shopping festival and issued RMB 20 million DCEP in partnership with The People’s Bank of China, the central bank of China. The DCEP payment […]
China’s automobile sales expected to reach 25 million units in 2020
In November this year, China’s domestic automobile production and sales volume were 2.847 million and 2.77 million respectively, with a month on month increase of 11.5% and 7.6%, and year-on-year growth of 9.6% and 12.6% respectively.
Fortune picked 12 Chinese companies as the top 50 well positioned for growth
12 Chinese companies made it to the Future 50 index this year. Alibaba and Tencent made it to the list but the top 3 highest-ranked Chinese companies are TAL Education Group, WuXi AppTec, and Haidilao. BCG and Fortune created a Future 50 index to identify companies with the greatest capacity to continually reinvent their businesses […]
Meet JD Health, China’s largest online medical consultation platform
As JD Health’s listing on the Hong Kong Stock Exchange begins trading this week, the company is offering one month of free broadcasts by renowned doctors and medical experts. JD Health is a subsidiary of JD.com, Inc. JD Health is the largest online healthcare platform and the largest online retail pharmacy by revenue in China […]
China accounted for 29% of global semiconductor manufacturing equipment billing in Q3 2020
In the third quarter of 2020, the global sales of semiconductor manufacturing equipment totaled US$19.4 billion, an increase of 30% year-on-year and a 16% increase compared with the second quarter. China, Taiwan, Korea, Japan, and North America ranked the top five in the third quarter of this year, according to quarterly turnover figures from SEMI. […]
How’s Alibaba Taobao Double 12 different from the Singles’ Day campaign?
Double 11 in November is the largest shopping festival in China and Alibaba promotes it with Tmall platform. Double 12, following Double 11 in December, is also an important annual campaign for e-commerce platforms. Taobao started Double 12 and this year is the 10th year. It has a new proposition: strengthening the user’s mind of Taobao […]
Baidu holds the most AI-related patents in China
Baidu (NASDAQ: BIDU) holds the most AI-related patents and has filed the most AI-related patent applications of any company or organization in China, according to a recent study published by China’s Ministry of Industry and Information Technology (MIIT). Baidu has been granted 2,682 AI-related patents and has filed a total of 9,364 AI-related patent applications […]