A recent McKinsey report shows five trends of Chinese digital consumers including omnichannel shopping, context-triggered shopping, social media centered consumer interactions, increasing demand for non-standard goods and services, and data-driven personalization. Most consumers yearn for omnichannel experience, but they haven’t even tried the most basic mode of picking up goods from offline stores. Consumers have […]
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Bloomberg: China Ranked 22nd World’s Most Innovative Country
South Korea tops Bloomberg’s 2015 ranking of the world’s 50 most innovative countries ranking. The U.S. places the sixth, and China 22nd.
Six of Top 10 Smartphone Brands Worldwide in 2014 from China
Global smartphone shipments totaled 1.167 billion units in 2014, a YoY increase of 25.9%, with combined shipments of Chinese brands reaching 453.4 million units, 39% of the global shipments and representing six of the top ten smartphone brands worldwide according to TrendForce.
WSJ: Xiaomi 2013 Net Profit Nearly Doubled to RMB 3.46 Billion
Xiaomi’s net profit nearly doubled last year according to a confidential document viewed by The Wall Street Journal.
China Local Smartphone’s Brands in Different City Tiers
Meizu, Mi and Smartisan are popular local smartphone brands in China. Yet, different city tiers in China may have a preference toward different smartphone brands. According to a research from Umeng between June and August this year, major users in first and second tier cities favor local mobile phone brands.
Weibo to Open Up Weibo Payment This Month
Weibo has announced this morning to open up its Weibo Payment for third parties, including enterprises and individuals. Weibo Payment was launched this January, co-developed by Weibo.com and Alipay.
WeChat Quietly Mimics Xiaohongshu as Tencent Strengthens Its Core Strategy
In an unexpected yet strategic move, WeChat has been quietly introducing a new content feature, closely resembling the popular Chinese lifestyle platform, Xiaohongshu (Little Red Book). Through subtle UI adjustments, primarily using red dot notifications, WeChat has begun channeling users into a dual-column, image-text format that feels strikingly similar to Xiaohongshu’s interface. This development, which […]
China’s Generative AI Market Ecosystem Overview
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 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.
Top 50 Mobile Apps in China in Q1 2024
China’s mobile internet is booming, with active users surging past 1.23 billion in March 2024, a jump of over 20 million year-on-year, according to QuestMobile. This growth underscores the continued dominance of mobile in China’s digital landscape. QuestMobile also unveiled its ranking of the top 50 apps for Q1 2024 (below) across diverse categories, providing […]
Pinduoduo’s Foray into Southeast Asia: High Hopes Meet Harsh Realities
Pinduoduo, a powerhouse in China known for its disruptive e-commerce strategies and rapid growth, turned its sights on Southeast Asia as the next frontier for expansion. With its subsidiary platform TEMU, the company aimed to replicate its success by leveraging its aggressive market penetration tactics in a region characterized by vibrant economic growth and an […]
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 […]
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 GDP Grew 3% in 2022
China’s GDP in 2022 was 121,020.7 billion yuan, an increase of 3.0 percent over the previous year.
WeChat Users & Platform Statistics 2023
In 2022, the total views of the original content on WeChat Channel (video account) increased by 350% year on year, and the scale of live broadcast increased by 300%, according to WeChat’s data released on 10 January 2023.