Most of the new VR products in China are standalone headsets, with many using Pancake lenses for the consumer market, which sees increasing shipments of VR products as the VR content ecosystem dominated by gaming and fitness is developing, according to IDC. Consumer standalone VR shipments in China increased by 166.2% year-over-year in the first […]
forecast
China to account for 44% of global robotics market (including drones) by 2024
China is the largest robotics (including drones) market in the world. It is expected to account for 38% of the global total in 2020, with a total expenditure of US$47.38 billion according to IDC. By 2024, China will account for 44% of the global market. And, it will reach US$121.12 billion. IDC believes that in […]
Ingredients to win omnichannel retail in China
For all retailers and manufacturers around the world, the big question is always the same: “how do we grow when, globally, volumes are sluggish?” If we look exclusively at trade aspects, the past years have seen the decline of larger formats, the rise of value-for-money models, the boom of e-commerce, and cannibalization between channels. This […]
China enterprise live streaming service market to exceed US$321 million by 2021
Enterprise live streaming services reached 760 million yuan (US$110.49 mn), experiencing fast growth in the past 4 years when it first exceeded 100 million yuan in 2015. It’s expected to reach 1.14 billion yuan (US$165.73 mn) in 2019 and grow further to 2.21 billion yuan (US$321.29 mn) in the year 2021.
China search engine revenues to reach US$23 bn in 2019
The revenues of Chinese search engine companies were estimated to reach 135.76 billion yuan (US$19.74 bn) in 2018, with an increase of 20.8% YoY according to iResearch.
China’s flower e-commerce market in strong growth; to hit US$7 billion by 2021
In China, the flower e-commerce has been a 12.41 billion yuan (US$1.79 bn) market in 2017, approximately 10 times larger than it was in 2013. With the development of consumption habits and the improvement of cold chain logistics, this market is blossoming. Previously, it occurred to people only when there were festivals or big events. […]
China mobile internet market forecast 2018-2020
China’s mobile internet saw slower growth of 48.8% in transactions to 8,229.88 billion yuan (US$1,267.10 bn) in 2017. And, it’s expected to reach 11,432 billion yuan in 2018 and exceed 19 trillion yuan in 2020. Check out some forecast into various mobile internet segments from 2018 to 2020, including shopping, payment, advertising, travel, and etc. […]
China’s business tourism market expected to exceed US$36 bn 2018
China’s business travel market recorded a total GMV of 192.8 billion yuan in 2017, up 19.5% over the previous year, which is estimated to exceed 230 billion yuan (US$35.9 bn) in 2018, according to the whitepaper published by GZ Meiya and Jinlu Consulting.
China shared accommodation market to reach US$7.83 bn by 2020
China’s shared accommodation market generated a total transaction of 14.5 billion yuan (US$2.27 bn) in 2017, up 70.6% from a year earlier, according to State Information Center of China.
China’s cross-border e-commerce retail market forecast 2018-2021
China cross-border retail e-commerce sales are expected to exceed US$115 billion in 2018 with a growth rate of over 15% YoY and reach US$144 billion by 2021 according to data from Analysis.
Ad spending in China to grow 5.2% in 2018
GroupM China publishes its Spring 2018 edition of This Year, Next Year: China Media Industry Forecast report, estimating that ad spending in China this year will grow 5.2% to reach 585.8 billion yuan.
China smartphone sales forecast 2020
China smartphone sales reached 455.9 million units in 2017, an increase of 1.1%, according to data from Analysys. It forecasts the total smartphone sales will decrease to 437.99 million units in 2020.
China Outbound Travel Forecast 2016-2021
China is the largest outbound travel market and expected to see 103.4 million trips in 2021 constituting 40 percent of all Asia Pacific outbound travel, nearly four times that of the #2 and #3 markets being South Korea (25.6 million) and India (21.5 million) respectively according to a latest Mastercard Report.
China Travel Market to Reach $617.4B in 2015
The total number of China’s tourists is estimated to exceed 4.1 billion person trips in 2015, and reach a total revenue of 3840 trillion yuan (US$617.40 billion), according to China Tourism Academy.
Weibo MAUs Reached 212 Million in Q2 2015
Weibo reported net revenues of US$107.8 million in Q2 2015, compared to US$77.3 million for the same period last year. Advertising and marketing revenues for the second quarter of 2015 totalled US$87.9 million, compared to US$59.6 million for the same period last year.