At the recently concluded World Artificial Intelligence Conference (WAIC) 2024, significant insights and forecasts for the AI industry were revealed. Among the highlights was the substantial growth in China’s AI sector, with total funding reaching 3776.2 billion RMB (about US$521 billion). The conference underscored China’s pivotal role in the global AI landscape, featuring prominent predictions […]
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What’s different in 618 Shopping Festival 2024?
In an aggressive move to streamline operations and enhance consumer experience, China’s leading e-commerce platforms, including Alibaba’s Tmall, Taobao, and JD.com, have significantly revamped their strategies for the 2024 618 Shopping Festival.
Chinese e-commerce giants achieved an annual revenue growth rate of 41%
A recent report by the Korea Economic Research Institute (KERI) has unveiled the competitive dynamics in the global e-commerce sector. The report identifies Amazon (USA), JD.com (China), Alibaba (China), Pinduoduo (China), and Coupang (South Korea) as the top five e-commerce companies by revenue. Notably, Chinese e-commerce giants JD.com, Alibaba, and Pinduoduo (the parent company of […]
China’s retail revolution: foreign company tops the chain for the first time in 40 years
In a historic shift, Walmart has overtaken Suning to become the leader in China’s retail market, marking the first time in 40 years that a foreign company has achieved this position. The Fall of Suning Suning, once a dominant force in Chinese retail, has seen a significant decline. This transition mirrors the fate of Carrefour, […]
ByteDance’s AI Surge: Introducing the Doubao Model Family
In the ever-evolving field of artificial intelligence, ByteDance has taken a significant leap forward with its recent announcements at the annual “Force Conference.” This event showcased ByteDance’s commitment to advancing AI, unveiling a series of updates from foundational models to top-layer applications under its subsidiary, Volcano Engine.
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 […]
Top 10 e-commerce apps in China in Q1 2024
China’s e-commerce market continues to evolve, with leading platforms solidifying their dominance and adapting to new consumer behaviors, according to QuestMobile’s “2024 China Mobile Internet Spring Report.” The report reveals a clear trend towards greater concentration in the mobile shopping sector. The top 10 e-commerce apps have all experienced growth in monthly active users (MAU), […]
AI Patent Landscape in China
As China cements its position as a global technology leader, recent data highlights its prowess in artificial intelligence (AI). A new report by IPRdaily, a global intellectual property information service provider, has unveiled the top companies dominating the AI patent scene in China, showcasing the competitive edge and innovative capabilities of these tech giants. Dominance […]
China Digital Landscape 2024 – Commercial Transactions
In 2023, China witnessed significant advancements across various sectors of its digital economy, highlighted by remarkable growth in online payments, shopping, delivery services, and travel booking, driven by technological innovations and robust policy support. Online Payments By December 2023, China’s online payment user base reached 954 million people, an increase of 42.43 million from December […]
China Digital Landscape 2024 – Medical Services
By December 2023, China’s internet medical services user base reached 414 million people, an increase of 51.39 million from December 2022, accounting for 37.9% of China internet users, according to data from CNNIC.
China Internet Overview
As of December 2023, China’s internet user base reached 1.092 billion, marking an increase of 24.8 million from December 2022, according to data from CNNIC released in March 2024. WhatsAppShareEmailTweetShare
Tencent Revenues Up 10% in 2023
In a year marked by innovation and strategic foresight, Tencent Holdings Limited not only bolstered its financial standing but also set new benchmarks within China’s digital arena. The conglomerate’s 2023 financial results, alongside a series of strategic undertakings, shed light on the thriving dynamics of China’s technology sector and Tencent’s pivotal role therein.
Idle Fish Shatters Records: A New Era in China’s Second-Hand Economy
In an unprecedented leap, Idle Fish (a.k.a. Xianyu), Alibaba’s leading second-hand trading platform, has broken significant ground in China’s digital marketplace. As of 2023, the platform has astonishingly surpassed a daily Gross Merchandise Volume (GMV) of 1 billion yuan (US$141 million), marking a colossal shift in consumer behavior towards the second-hand market. This surge reflects […]
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 […]
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China Digital Insights CIW Dossier China Digital Insights (DCDI) is compiled to provide statistical information about China digital insights on the internet economy, digital trends, online users, mobile apps, and e-commerce. Click here to download. Archive E-commerce Market Jul 2021 CIW Dossier “China E-Commerce” is compiled to provide statistical information about China’s e-commerce market including online […]