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 […]
Live Streaming on RED: The New Solution for Sexual Wellness Brands?
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 […]
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.