Spending on luxury in China has rebounded strongly as restrictions to global travel have pushed Chinese consumers to make luxury purchases domestically rather than abroad. Growth for the mainland China luxury market is expected to climb by 48% to reach almost RMB 346 billion in 2020. This growth has driven China to double its overall […]
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Chinese beauty products manufacturers: from OEM, ODM to OBM
Chinese consumers’ dressing table is no longer just the world of international brands, domestic beauty brands have begun to occupy the hearts of consumers. Similar to the popularity of “Korean makeup” and “Japanese makeup” a few years ago, the competitiveness of “domestic beauty” is soaring. In addition to the old brands of domestic products, even […]
WeChat’s new social e-commerce platform integrates Shopping Accounts
WeChat launched another product “Shopping Accounts” to its ecosystem in addition to Official Accounts, Mini Program, and Video Accounts.
China OTA Tongcheng-Elong’s monthly active users grew 58% in Q1 2021
China OTA Tongcheng-Elong Holdings reported 57.8% year-to-year growth in the average MAUs from 148.4 million in the same period of 2020 to 234.2 million.
Top 500 Chinese brands in 2021; WeChat is China’s and the world’s strongest brand
Chinese brands show resilience as the total value of the top 500 brands in China remains stable at US$1.94 trillion in 2021, according to the latest Brand Finance China 500 ranking.
Social e-commerce Pinduoduo’s road to brand upgrade
China’s regulatory authorities issued 18.2 billion yuan fine to Alibaba, calling a halt to its “choosing one out of two”. But it doesn’t make it much easier for Pinduoduo to enter the market.
Profile of Tuya Inc, China’s IoT cloud platform, empowering brands like Philips and Schneider Electric
Tuya Inc has pioneered a purpose-built IoT cloud platform that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, and Software-as-a-Service, or SaaS, to businesses and developers. Its IoT PaaS offering enables businesses and developers to quickly and cost-effectively develop, launch, manage and monetize software-enabled devices and services. Its Industry SaaS offering enables businesses to easily and […]
Highlights of China’s toughened measures against online markets
E-commerce live streaming videos should be kept for at least three years Special terms for personal information protection It is strictly forbidden to force “picking one from two” Online platform responsibilities On March 15, China’s State Administration of Market Supervision issued Measures for the Supervision and Administration of Online Market (“New Measures”), which will come […]
How Tencent’s investment strategy made it US$120 billion in 2020
Tencent made a total of about US$120 billion in 2020 through its minority stakes in about 100 listed companies. Such achievements are enough to make any venture capital company in Silicon Valley envious. Tencent is one of the largest and smartest technology investors in the world, holding shares in a range of companies, including Snap […]
China saw 41% less travelers during Chinese New Year 2021
March 8 is the last day of the Chinese New Year 2021. According to the data of the State Council, the total number of passengers sent by railways, highways, waterways, and civil aviation is expected to reach 870.836 million person-trips, 70.9% lower than the same period in 2019 and 40.8% lower than the same period […]
China smart speaker market overview 2021
In 2020, the smart speaker market in China sold 36.76 million units, a year-on-year decrease of 8.6%; among them, smart speakers with screens accounted for 35.5% and sales increased by 31.0%, according to data from IDC. Baidu leads the smart speakers (with screens) market, followed by Alibaba and Xiaomi. The overall market share this time […]
JD.com’s Jingxi platform saw surging sales from college students in 2021
College students’ e-commerce orders on Jingxi platform more than quadrupled in January 2021, according to JD.com. Jingxi is JD.com’s social commerce platform, positioned to compete with Pinduoduo in lower-tier cities, and running Chinese New Year (CNY) Grand Promotion like other e-commerce platforms in China. Annual active consumers of Taobao Deals, a similar product from Alibaba Group […]
These 5 Chinese companies made it to Fortune World’s Most Admired Companies 2021
Apple, Amazon, and Microsoft hold the top three spots in Fortune’s ranking of corporate reputation – World’s Most Admired Companies for 2021. Apple, the premier personal-tech provider, tops the roster for the 14th year in a row, based on Fortune’s poll of some 3,800 corporate executives, directors, and analysts.
Top China digital trends in 2020
We’ve taken a look at all the articles published on CIW and come up with the top 10 articles with the most views in 2020.
The rise of men in China’s “she-conomy”
Today, in some areas of consumption in China that were originally only for women, men’s consumption has also begun to emerge. According to the data of a white paper from So Young, the number of male medical cosmetology consumers in China has increased by 52.30% in 2019, which is lower than the 70% growth rate […]