In 2019, the total retail sales of consumer goods in China reached 41,164.9 billion yuan (US$6,010 bn), up by 8.0% year-on-year (nominal growth rate). The real growth rate was 6.0%. Of the total, the retail sales of consumer goods excluding automobiles reached 37,226.0 billion yuan, with an increase of 9.0%.
Review: Xiaohongshu’s live streaming on Business Accounts
Xiaohongshu, also known as RED or Little Red Book, has been preparing its Business Account live streaming function for almost a month. It is officially announced that Xiaohongshu will provide quality brand partners and the campaign-based partnership project with access to its Business Account live streaming platform. Xiaohongshu explains that brand representatives, professional sales guides, […]
Mobile payment trends in China outbound tourism
The gap between residents of second-tier and third-tier cities and those from first-tier cities is rapidly narrowing in terms of per capita outbound destinations, travel expenditure, and travel budget according to a report from Nielsen.
China domestic tourism grew 11.7% in 2019, but to lose 1.18 trillion yuan in 2020
The year 2019 registered 6.01 billion domestic tourists person-trips in China, up by 8.4 percent over that of the previous year. The revenue from domestic tourism totaled 5,725.1 billion yuan, up by 11.7 percent. The number of inbound visitors to China totaled 145.31 million, an increase of 2.9 percent. Of this total, 31.88 million were […]
China’s economy 2019 in 9 charts
The gross domestic product (GDP) of China in 2019 was 99,086.5 billion yuan, up by 6.1% over the previous year according to preliminary estimation of National Bureau of Statistics of China.
Netease highlights for Q4 and fiscal year 2019
Netease Operation Highlights for Q4 2019 Expanded user base and diversified portfolio with new games launched in China including:
Weibo MAU grew to 516M in Dec 2019; revenues to decrease by 15% in Q1 2020
Weibo’s monthly active users (“MAUs”) grew to 516 million in December 2019, a net addition of approximately 54 million users year-over-year. Mobile MAUs represented 94% of MAUs.
How some industries in China benefiting from the novel coronavirus outbreak
While most industries are hit by the novel coronavirus outbreak (COVID-19), some sectors in China besides the e-commerce (especially fresh food e-commerce) sector see a boost. Find out how businesses in entertainment, healthcare, and real estate are responding as well as the live streaming’s being vastly adopted as a sales and marketing tool in China. […]
Rising consumption power of China’s small town youth, part 3
Like all parents in the world, new small-town youths who have become parents always want to provide the best for their children. When they make the purchase for their children, they pay more attention to quality, safety, and children’s preferences; and, they are much less price-sensitive. Read Part 1 here, or Part 2 here. Or, […]
TikTok competitor Kuaishou announced DAU of over 300 million
China’s second-largest short-video platform Kuaishou (or Kwai) announced 300 million daily active users (“DAU”) milestone last week. The total number of short videos published on Kwai’s platform exceeded 20 billion.
Rising consumption power of China’s small town youth, part 2
Down-to-earth new small-town youths are also pursuing progress. They are down-to-earth in pursuit of stability and happiness; at the same time, they are constantly demanding self-improvement. They achieve self-improvement in many ways in order to win greater social recognition. Read Part 1 here. You can download CIW eBook: Small Town Youth, New Growth Engine in […]
Xiaomi launched 5G flagship Mi 10 smartphone series and a wireless charging speaker
Xiaomi last week unveiled its annual smartphone flagship devices: Mi 10 Pro and Mi 10. The Mi 10 series is among the firsts to feature Qualcomm Snapdragon 865 and boasts a 108MP 8K-enabled camera and an immersive audio experience with a dual stereo speaker system.
Rising consumption power of China’s small town youth, part 1
The average monthly disposable income of new small-town youths is 3,730 yuan, compared with 5,401 yuan of young people in China’s first and second-tier cities (“top tier cities”) according to a research report by Tencent. You can download CIW eBook: Small Town Youth, New Growth Engine in China Although there is a gap in income […]
How Taobao’s social affiliate platform Taoxiaopu works
Alibaba Taobao announced the official launch of Taoxiaopu in the last week of 2019 after half a year’s testing. It is now open to everyone for free. Through Taoxiaopu, anyone can sell products without inventories and make money from commissions with a few clicks. Taobao already has an affiliate program called Taobaoke; why does Alibaba […]
How an online influencer Li Ziqi boosted a stock price by 326%
A public-listed women’s shoe company saw 14 daily 10%-growth during the period from December 12 of 2019 to the middle of January 2020. This was because of one online influencer, which also shows the impact of online influencer and live streaming in China. If you are not familiar with mainland China’s stock exchange, it requires […]