In 2023, China’s digital content sectors, encompassing online video, live streaming, music, and literature, showcased remarkable growth and innovation. The online video user base expanded to 1.067 billion, with substantial improvements in content variety, especially in micro and short dramas, supported by government guidelines and quality initiatives. Live streaming also saw a significant increase in […]
China’s 5G Ready for $260 billion contribution to GDP by 2030
China’s deployment of 5G technology has reached a pivotal milestone, boasting over 800 million connections by the end of 2023, encapsulating 45% of all connections within the nation, according to a GSMA report. This surge positions China at the forefront of the 5G evolution, paving the way for the next developmental phase: the expansive roll-out […]
New Trends among Chinese Mobile Users: Thriftiness, Health, and Experience Take Center Stage
The landscape of China’s mobile internet usage, as detailed by QuestMobile’s data, reveals nuanced behaviors and shifting trends among users. The insights cover various facets of digital interaction, including changes in user engagement, the resurgence of cultural and tourism activities, and the evolution of consumer consumption patterns towards more rational and health-conscious decisions. Adjusting Digital […]
China’s Wealthy Households Decline Amid Economic Shifts
Recent data from the Hurun Research Institute reveals a nuanced shift in China’s wealth landscape, marking a slight decline in the country’s affluent families. As of January 1, 2023, the number of “affluent households” in China, defined as those possessing assets over 6 million yuan (about US$830k), slightly decreased by 0.8%, totaling 5.14 million households. […]
Alibaba-Backed Moonshot AI Unveils Kimi Chatbot’s Breakthrough
In a groundbreaking development that is set to redefine digital communication, Kimi, the AI assistant developed by Moonshot AI (backed by Alibaba Group), has announced support for an unprecedented 2 million-character dialogue window. This enhancement, achieved within just six months of its initial release in October 2023, signifies a monumental leap in AI capabilities. The […]
Demographic Dynamics and Clustering in China’s Mobile Internet Sphere
In the constantly evolving landscape of China’s mobile internet, 2023 stands out as a year of significant demographic shifts and a pronounced clustering effect, underscored by compelling data from QuestMobile’s annual report. With the total number of mobile internet users in China reaching 12.27 billion, the year saw a steady growth rate of 2%, showcasing […]
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 […]
Baidu’s XuanYuan Outperforms GPT4 and LLaMA2 in Financial LLMs
Du Xiaoman, previously known as Baidu Finance, is a leading AI-powered financial services platform in China. It recently announced the release of 12 new financial large models (FLMs) under its “XuanYuan” series. The new models, with parameters ranging from 6B to 13B and 70B, are open-sourced and have demonstrated outstanding financial performance in a variety […]
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 […]
Alibaba’s “Hui Wa”: Future of E-commerce or Mere Hype?
In the evolving landscape of digital commerce, Alibaba’s recent foray into AI-driven e-commerce with the launch of “Hui Wa” marks a significant milestone. As the digital giants of China, including Baidu and ByteDance, pave their paths in AI e-commerce, the question arises: Is AI the new frontier for e-commerce, or is it simply a buzzword? […]
China’s Bluetooth Headset Market Rebounds with a 7.5% Surge in 2023
In 2023, China’s Bluetooth headset market witnessed a notable rebound, with sales volumes reaching approximately 85.52 million units, marking a 7.5% increase year-over-year, according to data from IDC. This growth was spearheaded by the true wireless headset segment, which accounted for 60.9 million units, up by 5.1% from the previous year. The true wireless market […]
“Dazi” Socializing: A New Wave of Youth Companionship in China
In recent years, China has seen the rise of a new social phenomenon known as “Dazi” socializing, a term that encapsulates the idea of forming temporary, activity-based companionships. This trend, which spans across a variety of activities such as dining, fitness, and travel, is a reflection of the changing dynamics in how young Chinese people […]
Top Apps Dominating China’s Holidays
China’s Ministry of Industry and Information Technology recently announced that during the 2024 Spring Festival holidays, spanning nine days from February 9th to February 17th, mobile internet users consumed a staggering 674.5 million TB of data. This represents a 21.7% increase from the previous year, with the growth rate accelerating by 15.4 percentage points. On […]
Chinese Entrepreneurs Seize Early Profits from OpenAI’s Sora
Before OpenAI Sora’s public testing, a niche market emerged in China, capitalizing on the collective anxiety to be ahead in the AI curve—selling knowledge courses and speculative ventures around Sora. The introduction of OpenAI’s video model Sora in early 2024, following the stir caused by the text-to-text LLMs in 2023, showcased the relentless pace of […]
China’s Import E-Commerce Trends 2024
In 2023, China’s import e-commerce market has seen transactions soar to 551.77 billion yuan, a climb from 462.84 billion yuan in 2018, highlighted by a 10.4% growth peak in 2023, according to data from Analysys. This burgeoning market is led by Tmall Global with a formidable 37.6% share, followed by other key platforms contributing to […]