Boundaries for content creators in China are disappearing. Their means of creation and background are diversifying. Thanks to the lowered barrier for distribution, now everyone can be a content creator, making the content area more diverse and colorful. On Douyin, fashion, relationship, food, and talent show categories are witnessing saturation; still opportunities in the field […]
3 trends of digital content consumption in China
Technology now facilitates the production and distribution of content. It lowered the barrier of content creation and distribution. As a consequence, contents that previously target specific groups of people can now reach a wider range of audiences in China. The consumption of digital content has seen disappearing boundaries between urban and rural internet users, between […]
Chinese search engine Sogou reported $31.6 million loss in Q1 2020
Sogou (NYSE: SOGO), China’s second-largest search engine, reported total revenues of $257.3 million, a 2% increase year-over-year, or a 5% increase in RMB terms according to its unaudited financial results.
China’s mobile payment market overview Q1 2020
By March 2020, the number of online payment users in China has reached 768 million, an increase of 168 million over the end of 2018, accounting for 85.0% of the total Internet users. The number of mobile online payment users has reached 765 million, an increase of 182 million over the end of 2018, accounting […]
39% of students in China have returned to schools in May 2020
As of May 11 2020, 107.792 million students have resumed school classes, accounting for 39% of the total number of students in China, according to the Ministry of Education.
Alibaba launched Tmall Luxury Soho, targeting Gen-Z luxury shoppers
Alibaba quietly launched Luxury Soho, a new channel on the Tmall e-commerce platform targeting young and value-conscious luxury shoppers. Coach, MCM among the first to join Luxury Soho Luxury Soho is named after New York’s fashionable Soho district. It’s created as a solution to help luxury brands attract younger consumers as well as those who […]
China EdTech GSX revenues increased by 382% in Q1 2020
GSX Techedu Inc. (NYSE: GSX), a leading online K-12 large-class after-school tutoring service provider in China, reported net revenues of RMB1,297.6 million in Q1 2020, a 382.0% increase from RMB269.2 million in the first quarter of 2019.
China Purchasing Managers Index for April 2020
The manufacturing Purchasing Managers Index (PMI) in China was 50.8% in April 2020, 1.2 percentage points lower than the previous month; the non-manufacturing business activity index was 53.2%, 0.9 percentage point higher than the previous month; and, the comprehensive PMI output index was 53.4%, 0.4 percentage point higher.
How “Lite” apps help drive tech companies’ growth in China
Alibaba launched a “Lite” version of its DingTalk, an enterprise communication and collaboration platform in early April 2020. And, ByteDance also launched a light version of its enterprise messaging app Feishu. Launching a “Lite” version of a mobile app is a common tactic in the Chinese companies’ competitions, which is a lightweight version of the […]
China now the second-largest wealth market with 2.3M HNWIs
China has overtaken Japan to emerge as the second-largest wealth market, with an estimated 2.3 million high net worth individuals (HNWI) including almost 26,700 UHNWs in 2019 – though the market remains substantially smaller than the US, according to research company Wealth-X.
JD partners with Cloudflare in China’s cloud market
Cloudflare announced a significant strategic partnership with JD Cloud & AI, the cloud and intelligent technology business unit of JD.com (Jingdong).
China to account for 44% of global robotics market (including drones) by 2024
China is the largest robotics (including drones) market in the world. It is expected to account for 38% of the global total in 2020, with a total expenditure of US$47.38 billion according to IDC. By 2024, China will account for 44% of the global market. And, it will reach US$121.12 billion. IDC believes that in […]
XPeng delivered 5,147 EVs in April 2021, up 285%
XPeng delivered a total of 5,147 smart EVs in April 2021, representing a 285% increase year-over-year.
Ant Financial’s digital bank MYbank saw net profit growth of 91% in 2019
MYbank, a digital bank under Ant Financial Services Group, served 20.87 million small and micro businesses (SME) in China as of the end of 2019, an increase of 70% YoY, according to its annual report. MYbank worked with more than 400 financial partners to provide business loans to those Chinese SMEs as of 2019, and […]
China’s mobile search market overview 2020
The number of mobile search users grew to 705 million in 2019 in China, according to a Chinese research company iiMedia. Baidu has the largest market share reaching over 70% mobile users in China, followed by Shenma and Sogou. The actual spending on search advertisements in China was 1.13 times higher than the budget. Over […]