Recently, many brands selling adult toys and lingerie have ventured into live streaming on platforms like Xiaohongshu (Little Red Book or RED), with a notable increase in female-oriented products. These live streams, much like those for beauty and fashion, are brightly lit and tastefully designed, with hosts discussing various products as if they were ordinary […]
China Smartphone Market Sees 8.9% Growth in Q2 2024, Led by Domestic Brands
The International Data Corporation (IDC) has released its latest report on the Chinese smartphone market for the second quarter of 2024, revealing significant growth in the industry. According to the IDC, the market saw a year-over-year (YoY) growth of 8.9%, with total shipments reaching approximately 71.6 million units. This marks the third consecutive quarter of […]
Baidu Fights with AI to Retain Dominance in Search
Baidu, China’s leading search engine, is under increasing pressure from emerging competitors as it strives to maintain its dominance in the search market. With new players leveraging AI technology to enhance their search capabilities, Baidu is pivoting towards AI to stay ahead. Rising Competition in the Search Market The search market has become a battleground […]
China’s online retail sales exceeded 7 trillion RMB in the first half of 2024
The National Bureau of Statistics (NBS) of China has released data indicating a significant increase in online retail sales in the first half of 2024. The total online retail sales reached 7.0991 trillion RMB (US$981 billion), marking a 9.8% year-on-year growth.
China’s AI Industry Reaches New Heights with $521 Billion in Total Funding
At the recently concluded World Artificial Intelligence Conference (WAIC) 2024, significant insights and forecasts for the AI industry were revealed. Among the highlights was the substantial growth in China’s AI sector, with total funding reaching 3776.2 billion RMB (about US$521 billion). The conference underscored China’s pivotal role in the global AI landscape, featuring prominent predictions […]
Chinese Commercial Service Robot Industry Sees Practical Growth Phase
The Chinese commercial service robot industry has entered a more pragmatic and effective development phase. Industry clients expect robots to become efficient production and service assistants, while robot manufacturers are focusing on improving operational efficiency and profitability. According to IDC’s latest report, the overall market size for commercial service robots in China is approximately 1.38 […]
Chinese Companies Making Waves in the Middle East E-Commerce Market
The Middle East has emerged as a new frontier for e-commerce, drawing significant attention from Chinese companies eager to expand their global presence. With a young, tech-savvy population and high spending power, the region offers a promising market for Chinese e-commerce giants. Exploring New Opportunities in the Middle East Xu Jin, a talent scout for […]
How a Local Chinese Retailer is Transforming Struggling Supermarkets Nationwide
As a retail company making waves across China, Pang Dong Lai has emerged as a white knight, transforming struggling retail enterprises seemingly overnight. A New Business Model in Retail Recent reports highlight that after receiving assistance from Pang Dong Lai, Yonghui Supermarket saw its first-day post-adjustment foot traffic multiply by 5.3 times and sales by […]
China FMCG Market Trends 2024
Kantar Worldpanel has released its “2024 Brand Footprint Report” detailing the top 50 most chosen brands in China’s fast-moving consumer goods (FMCG) market. The report reveals key drivers of brand growth in the new market reality through an analysis of the performance of these leading brands. The report uses Consumer Reach Points (CRPs) as a […]
China’s Top 50 Global Brands for 2024
The latest report from Kantar BrandZ, “2024 China’s Top 50 Global Brands,” highlights the dynamic growth and global reach of Chinese brands. The study, which has been conducted annually, provides valuable insights into the leading Chinese brands that have made significant impacts in international markets.
What’s different in 618 Shopping Festival 2024?
In an aggressive move to streamline operations and enhance consumer experience, China’s leading e-commerce platforms, including Alibaba’s Tmall, Taobao, and JD.com, have significantly revamped their strategies for the 2024 618 Shopping Festival.
Chinese e-commerce giants achieved an annual revenue growth rate of 41%
A recent report by the Korea Economic Research Institute (KERI) has unveiled the competitive dynamics in the global e-commerce sector. The report identifies Amazon (USA), JD.com (China), Alibaba (China), Pinduoduo (China), and Coupang (South Korea) as the top five e-commerce companies by revenue. Notably, Chinese e-commerce giants JD.com, Alibaba, and Pinduoduo (the parent company of […]
China’s Electric Vehicle Sales Surge by 28% in Q1 2024
According to a recent report by Counterpoint, the global sales of passenger electric vehicles (EVs), which include both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), saw an 18% year-over-year increase in the first quarter of 2024. Pure electric vehicle sales grew by 7%, while plug-in hybrid vehicle sales surged by 46%. China […]
IDC Highlights Autonomous Driving Technology Advancements
Recent advancements in technology, especially in artificial intelligence (AI), have propelled the connected, autonomous, shared, and electric (CASE) mobility trend. This has resulted in a highly competitive automotive industry in China. The new report from IDC China, “Autonomous Driving Capabilities Assessment, 2024,” delves into the progress of autonomous driving technology and evaluates the features of […]
China’s retail revolution: foreign company tops the chain for the first time in 40 years
In a historic shift, Walmart has overtaken Suning to become the leader in China’s retail market, marking the first time in 40 years that a foreign company has achieved this position. The Fall of Suning Suning, once a dominant force in Chinese retail, has seen a significant decline. This transition mirrors the fate of Carrefour, […]