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 […]
digital transformation
China’s ICT Market Set to Surpass $2 Trillion Over the Next Four Years: IDC Reports
China’s Information and Communications Technology (ICT) spending for developing and operating digital businesses is projected to exceed US$2 trillion over the next four years, according to a report shared by the International Data Corporation (IDC) at its Directions event in Shenzhen. Amid global economic, political, and social disruptions, businesses are expected to leverage the latest […]
China digital transformation spending forecast 2021-2026
The Chinese government’s digital economy related planning during the 14th Five Year Plan period provides good policy and financial support. The total digital economy related investment in the next five years will be 15-20 trillion yuan. COVID-19 and other emergencies further highlight the value of digitalization. IDC’s survey in 2021 shows that due to the […]
How Watsons China’s online sales almost doubled in 2021
Watsons China’s total revenue in 2021 was HK$22.77 billion, a year-on-year increase of 14%, the largest increase in the past five years. Watsons’ online sales increased by 94%, providing a strong impetus for the recovery of performance. Watsons’ long-term digital transformation has initially yielded fruitful results, which has become its biggest driving force to resist […]
Digital Transformation of Chinese Enterprises 2021
According to Accenture’s Global CEO survey in 2021, about 70% of the Chinese executives interviewed believe that the competitiveness of Chinese enterprises has improved compared with North American and European enterprises. In contrast, about 40% of the European and North American executives interviewed believe that their enterprise competitiveness has decreased compared with Chinese enterprises. China […]
A Chinese retailer’s digital transformation journey
Last November, Tianhong’s Junshang 3019sp@ce supermarket officially upgraded to a WeChat payment smart retail store. The number of cashiers reduced from 15-20 to only two on that day, most of which were replaced by self-checkout machines.
How Tmall played a vital role in China’s largest wool and textile enterprise
When talking about e-commerce, Chen Zhongwei, general manager of Hengyuanxiang, said: “E-Commerce has indeed subverted our understanding of the entire business model.” He felt that a new era is here, and it came very quickly.