The number of online education users in China skyrocketed in 2020 and reached 341.7 million as of December 31, 2020, accounting for 34.6% of internet users. Mobile online education users rose sharply and exceeded 340.7 million in 2020. China’s online education is estimated to be a 400.38 billion yuan (US$58.51 billion) market in 2020, with […]
Douyin (TikTok) users overview 2021; average DAU reached about 600 million in Q1
Douyin, TikTok’s Chinese platforms, saw its Q1’s DAU peak on Chinese New Year’s Eve, February 11th, when the main platform DAU reached 580 million, according to Tencent News. The DAU of Douyin Lite and Douyin Huoshan exceeded 100 million, which indicates that a combined DAU of all Douyin platforms could reach about 700 million. According […]
Over 60% Chinese Gen-Z prefer domestic car brand; 1/4 prefer new energy vehicle
Among the potential buyers of cars in China in the next six months, the post-95 generation (born between 1995-1999) accounted for 11%, according to China New Car Purchase Intention Study 2021 by JD Power. Over 60% and nearly a quarter of the post-95 potential customers tend to buy domestic brands and new energy vehicles (NEV), […]
JD.com launched “deposit and delivery service” for tire shoppers
JD Auto and JD Logistics jointly introduced the “deposit and delivery service” for tires bought online through the JD.com platform. The announcement is made in conjunction with the launch of JD’s tire shopping festival starting on 18 March 2021. After ordering the tires on JD, customers can send the products to their designated “JD Mini […]
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 […]
70% Chinese enterprises believe China will see V-shaped recovery
More than 60% of Chinese executives say Chinese companies will become more competitive in the face of European and American companies than they used to be. In contrast, 40 percent of North American executives and 45 percent of European executives say the market will be less competitive than China after the outbreak. In recent research […]
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 […]
Alibaba steps up for community group buying market in China
Recently, Alibaba has set up an MMC business unit to focus on the community group buying business, integrating the community group buying business of Lingshoutong and Hema Jishi. The business group leader is a partner at Alibaba Dai Shan, who is the eleventh employee of Alibaba and also the president of Alibaba’s B2B business group. […]
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 […]
Gen-Z Insights: capturing attention of China’s post-95s consumers
Attention is the first impetus for people to start thinking and take part in the action. It has become a scarce resource in the prosperity of the Internet. Today’s young people’s daily cross-screen multithreading behavior has intensified the dispersion and switching of resources. When is their attention most active? What do they focus on? What […]
Top 10 predictions for China’s blockchain market 2021-2025
By 2025, blockchain-based electronic voting solutions will become the mainstream solution, and 5% of jurisdictions will conduct blockchain voting system testing in China, according to IDC. By 2024, the healthcare blockchain digital identity standard will come from the National Health Commission or other health institutions, and the following four aspects can be achieved: medical data […]
Forecast of China’s digital automobile and transportation market 2021-2025
The digital automobile and transportation market is considered to be the entire ecosystem of companies, products, and services related to automobiles and transportation infrastructure based on the Internet, IoT, and third-party platform technologies. The digital automobile and transportation ecosystem includes a wide range of market participants, including but not limited to: automobile manufacturers, suppliers and […]
China’s wealthy families exceeded 5 million in 2020; there are their desired brands
The number of “wealthy families” with at least 6 million yuan (about US$930 thousand) assets in China exceeded 5 million for the first time in 2020, an increase of 1.4% over the previous year, according to Hurun Research Institute. Beijing is still the area with the most “wealthy families” with assets of at least 6 […]