Baidu, Inc., a trailblazer in AI and internet technologies, has launched a pioneering 24/7 robotaxi service through Apollo Go in Wuhan, marking a significant advancement in China’s autonomous driving sector.
Baidu’s XuanYuan Outperforms GPT4 and LLaMA2 in Financial LLMs
Du Xiaoman, previously known as Baidu Finance, is a leading AI-powered financial services platform in China. It recently announced the release of 12 new financial large models (FLMs) under its “XuanYuan” series. The new models, with parameters ranging from 6B to 13B and 70B, are open-sourced and have demonstrated outstanding financial performance in a variety […]
China’s Tech Giants Lead in Global User Spending, Tencent Tops the Chart
Tencent and ByteDance Secure Top Positions in Global Rankings Data.ai, a leading provider of internet data and analytics, has released its Global Publisher Awards for the year 2024, showcasing the world’s top 50 publishers based on user spending across iOS and Google Play stores in 2023. Leading the pack, Tencent and ByteDance, both hailing from […]
BYD Triumphs in 2023
With a strategic rollout of its “Glory Edition” models post-Chinese New Year, BYD adopts a “lower price, no lower specs” approach, rejuvenating its mainline models and sparking a price reduction trend in the auto market.
Bilibili Revenue and User Engagement Up in 2023
Bilibili Inc., a leading video community platform in China, announced its financial results for the fourth quarter and the full fiscal year of 2023, demonstrating resilience and strategic progress in a competitive digital landscape.
Alibaba’s “Hui Wa”: Future of E-commerce or Mere Hype?
In the evolving landscape of digital commerce, Alibaba’s recent foray into AI-driven e-commerce with the launch of “Hui Wa” marks a significant milestone. As the digital giants of China, including Baidu and ByteDance, pave their paths in AI e-commerce, the question arises: Is AI the new frontier for e-commerce, or is it simply a buzzword? […]
China’s Bluetooth Headset Market Rebounds with a 7.5% Surge in 2023
In 2023, China’s Bluetooth headset market witnessed a notable rebound, with sales volumes reaching approximately 85.52 million units, marking a 7.5% increase year-over-year, according to data from IDC. This growth was spearheaded by the true wireless headset segment, which accounted for 60.9 million units, up by 5.1% from the previous year. The true wireless market […]
Vipshop Delivers Impressive Growth Amid Challenging Market
Vipshop Holdings Limited (NYSE: VIPS), a premier online discount retailer in China, announced robust financial results for both the fourth quarter and the entire year of 2023.
JD Pay Innovates Cross-Border E-commerce Payment for Global Shoppers
In a landmark move to cater to the growing online purchasing demands of international consumers for “Made in China” goods, JD Pay has recently pioneered a new cross-border e-commerce export payment gateway model.
“Dazi” Socializing: A New Wave of Youth Companionship in China
In recent years, China has seen the rise of a new social phenomenon known as “Dazi” socializing, a term that encapsulates the idea of forming temporary, activity-based companionships. This trend, which spans across a variety of activities such as dining, fitness, and travel, is a reflection of the changing dynamics in how young Chinese people […]
Top Apps Dominating China’s Holidays
China’s Ministry of Industry and Information Technology recently announced that during the 2024 Spring Festival holidays, spanning nine days from February 9th to February 17th, mobile internet users consumed a staggering 674.5 million TB of data. This represents a 21.7% increase from the previous year, with the growth rate accelerating by 15.4 percentage points. On […]
Chinese Entrepreneurs Seize Early Profits from OpenAI’s Sora
Before OpenAI Sora’s public testing, a niche market emerged in China, capitalizing on the collective anxiety to be ahead in the AI curve—selling knowledge courses and speculative ventures around Sora. The introduction of OpenAI’s video model Sora in early 2024, following the stir caused by the text-to-text LLMs in 2023, showcased the relentless pace of […]
China’s Disposable Income: A Deep Dive into 2023’s Trends
In an enlightening revelation by the National Bureau of Statistics, the landscape of disposable income across China’s 31 provinces in 2023 showcases significant regional economic disparities and growth patterns.
China’s Import E-Commerce Trends 2024
In 2023, China’s import e-commerce market has seen transactions soar to 551.77 billion yuan, a climb from 462.84 billion yuan in 2018, highlighted by a 10.4% growth peak in 2023, according to data from Analysys. This burgeoning market is led by Tmall Global with a formidable 37.6% share, followed by other key platforms contributing to […]
Groundbreaking Tech in China Enables Quadriplegic Patient to Control Actions Through Thought
In an unprecedented achievement within the realm of neurotechnology, China has marked a significant milestone as a quadriplegic patient regained the ability to perform actions such as drinking water through brain control.