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.
A Resilient Rebound During the 8-day Spring Festival holiday of 2024
China’s tourism sector during the Spring Festival period of 2024 (Chinese New Year Golden Week), demonstrated a robust recovery from the impacts of the pandemic and indicating a positive outlook for the future of both domestic and international travel in China.
Apple Leads Amid Surging Foldable Smartphone Interest in China
In 2023, China’s smartphone market underwent significant changes, with Apple capturing a leading 17.3% market share despite a 5.0% dip in overall shipments to 271.3 million units, the lowest in a decade, as per IDC. This contraction mirrors cautious consumer spending amidst a slow economic recovery.
China’s AI Investment to Surge
The International Data Corporation (IDC) forecasts a global surge in artificial intelligence (AI) investments, expecting a total of $423.6 billion by 2027, with a compound annual growth rate (CAGR) of 26.9% from 2022 to 2027.
China’s Data and Analytics Market Forecast 2024
IDC’s latest forecast reveals a significant upturn in the data and analytics software market, projecting a compound annual growth rate (CAGR) of 16% to reach $340 billion by 2027. This surge underscores the accelerating enterprise drive to harness analytical insights and operational efficiency from their data. The advent of Generative AI (Gen AI) alongside the […]
WeChat E-commerce Amplifies with Video Account Surge
Despite numerous attempts to dominate the e-commerce stage, Tencent has never relinquished its ambition in the competitive arena.
Douyin’s Billion-Dollar Brands Reveal China’s 2024 Digital Trends
In 2023, China’s digital commerce arena, led by Douyin (TikTok’s China version), displayed extraordinary growth, with its GMV expanding by a staggering 277%. This surge signifies a pivotal shift in the digital commerce landscape, challenging established e-commerce players like JD.com and Pinduoduo. The top 10 brands on Douyin, including Duck Duck (8 billion yuan), Apple […]
China’s Big Data Boom: A $43 Billion Forecast by 2027
Globally, big data IT investments in 2022 stood at approximately $247.1 billion, with expectations of nearly $528 billion by 2027, marking a 16.4% compound annual growth rate (CAGR), according to IDC. China’s market is particularly noteworthy, with IDC forecasting a leap to $43 billion in big data IT investments by 2027. This figure represents about […]