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 […]
DingTalk’s Digital Dominance: 700 Million Users and AI Revolution
In an extraordinary advancement for China’s burgeoning tech industry, Alibaba’s communication platform, DingTalk (China’s answer to Slack), has hit a monumental user base of 700 million by the end of 2023.
Baidu AI Cloud and Samsung’s Strategic AI Partnership for Galaxy S24
Samsung Electronics China and Baidu AI Cloud have joined forces to integrate Baidu’s advanced ERNIE AI model into the Galaxy S24 Series.
Starbucks’ Strategic Alliance with “Journey to the West” in China
In a strategic move, Starbucks has entered the Chinese co-branding arena, partnering with the iconic “Journey to the West”. This marks Starbucks China’s first beverage collaboration, notably with a Chinese IP – the “superhero” Sun Wukong.
Douyin’s Live Commerce Platform Continues to Soar
Douyin, TikTok’s China equivalent, saw its live commerce platform continue to soar in 2023, with total transaction volume growing 256% year-over-year, according to data released by the company early this year. The platform now covers over 370 cities and involves over 450,000 businesses.
Xiaohongshu’s E-Commerce Strategy with Emphasis on Live Commerce and Search Conversions
On January 11, Xiaohongshu (Little Red Book or RED), a prominent Chinese social media platform, marked a significant shift in its business strategy by releasing its first annual e-commerce report.
China’s Retail Witnesses 7.2% Growth in 2023
In a remarkable close to 2023, China’s total retail sales of consumer goods soared to 4,355.0 billion yuan in December, marking a 7.4% year-on-year increase.
9 Chinese cities top Global Best City Brands
In the latest Brand Finance report, Hong Kong has been crowned the top city brand in China, securing the 41st position globally.
DiDi Performance Highlights Q3 2023
In a significant rebound from the previous year, DiDi Global Inc., a leading Chinese mobility technology company, has showcased impressive growth in its third-quarter financial results for 2023. This growth is underpinned by a strategic emphasis on its core mobility services and an aggressive push into international markets.
Insights of China Double 11 Shopping Festival 2023
The Double 11 Shopping Festival, also known as Singles’ Day, has become synonymous with peak consumerism in China. Yet, as we approach 2023, the landscape is shifting. This year, we’re seeing a return to rationality, a rise in local brands, and the untapped potential of the “silver economy.”
China’s Video Cloud Market Navigates Through Slowdown: Insights from IDC’s 2023 Mid-Year Report
IDC has released its mid-year report, “China Video Cloud Market Tracker, First Half of 2023,” outlining current trends and projections within the industry. In a market contending with a post-pandemic deceleration in consumer entertainment demand and reduced IT expenditure from industry clients, China’s video cloud market faced a 7.0% year-on-year decline, reaching $4.62 billion. The […]
China’s Chip Market Expected to Shrink by 18% to $135 Billion in 2023
According to TechInsights, China has maintained its position as the largest global IC consumer market since 2005, reaching a peak of $177.3 billion in 2021. However, it is expected to decrease by 7.3% in 2022. Besides the $164.4 billion in 2023, due to the global economic slowdown, China’s COVID-19 policies, and the tightening of US […]