Hong Kong lists almost 26% of Chinese public internet companies while the United States lists 43.2% and mainland China 31%. Nearly one-third of these companies are headquartered in Beijing. The number of Chinese Internet companies listed in Shanghai and Shenzhen, Hong Kong and the United States in 2021 were 48, 40 and 67 respectively. As […]
Metaverse trends in China 2022
Computing power, AI, network communication, and blockchain, as the indispensable infrastructure of the metaverse, play a vital role in the later stage development of the metaverse. IDC estimates that in 2022, participants in the development of metaverse infrastructure, mainly operators, infrastructure hardware companies, and top Internet companies, will lead the effort. The pace of relevant […]
American coffee brand “Blue Bottle Coffee” opened its first store in China
On February 25th, the American coffee brand “Blue Bottle Coffee” opened its first store in mainland China. On the opening day, fans lined up to buy; large number of customers waited outside the store and lined up for hundreds of meters. Even many scalpers were eyeing the business of reselling the coffee. That morning, the […]
6 trends of China’s digital economy innovation
In a relatively short time, China has become one of the world’s largest digital economies. Thanks to the support of nearly one billion internet users, China’s e-commerce sales rose to $1.7 trillion in 2020, accounting for about 30% of the country’s total retail sales. But scale is not the whole point of the story. Innovation […]
China enterprise SaaS market overview and forecast
After the market recovered in 2018 and the growth fell slightly in 2019, caused by the epidemic, the growth rate of SaaS market rose again in 2020. In 2020, the SaaS market in China reached 53.8 billion yuan, a year-on-year increase of 48.7%. At this stage, the capital market’s attitude towards SaaS is more rational, […]
Using Google Analytics to track Chinese users? Be aware of legal risks
In addition to the accuracy of data collection from mainland Chinese users using Google Analytics (GA), companies may also face legal risks. China’s PIPL (Personal Information Protection Law) takes effect from 1 November 2021. Article 36 of PIPL: personal information processed by state agencies shall be stored within the territory of the People’s Republic of […]
China Digital Luxury Report 2021
China’s post-90s (those born after 1990) are expected to contribute to 46% of China’s luxury purchases in 2021, according to joint research by Tencent Marketing Insight (TMI) and Boston Consulting Group (BCG). China’s post-90s already make up 50% of the luxury goods buyers in the country, with a fast growth rate of between 25-35 percent […]
Top 10 Tech Trends in 2022 according to Baidu
Baidu shares top 10 technology trends in 2022 including large-scale pre-training model, AI for science, AI-powered computational biology, integration of quantum hardware and software, autonomous driving, deep space exploration, human-machine symbiosis, green AI, and Inclusive AI. As we begin 2022, with the global pandemic continuing to bring turmoil and the global economy facing numerous challenges, […]
Top 10 Smart City Forecast in China 2022-2025
In 2022, China’s smart city will focus on cloud innovation, data governance, data connectivity, and new infrastructure development, and promote urban digital transformation through coordinated development, according to IDC. 1. Central government’s investment in local government. Thanks to years of stimulus measures provided by national and regional governments during the epidemic, many cities and communities […]
Top 10 forecasts of China’s smart home market 2022
In 2021, China’s smart home market starts upgrading and adjusting in the pressure and transformation on both sides of supply and demand, and gradually optimize the problems exposed after the market surge. Facing the vast opportunities to be explored ahead, in 2022, China’s smart home market will deeply focus on platforms, applications, technologies, and scenarios, […]
Trending shopping attitudes of Chinese consumers
With the continuous improvement of income and consumption level, Chinese consumers are realizing their consumption influence on the brand and society. More and more Chinese consumers choose ethical, environment-friendly, and local products and make conscious purchase decisions, according to a recent report from Publicis Groupe. Despite the impact of the epidemic, China’s economy has maintained […]
The number of 5G connections in China to reach 865M by 2025, 40% of global total
By the end of the third quarter of 2021, the global 5G network has grown to 176, and the number of 5g connections has reached about 550 million, according to GSMA. The number of 5G connections in China accounts for 78% of the total number of 5G connections in the world, about 430 million. By […]
China internet economy overview 2021
In the first three quarters of 2021, the Internet and related service industries showed a steady development trend, business revenue and operating profit continued to grow rapidly, and the growth rate of R & D expenses maintained double digits. The growth of online sales and short video is prominent. In the first three quarters, China’s […]
Chinese Generation Z’s Media Consumption Habits
Music, video, and gaming are the primary types of media consuming Chinese Gen Zer’s attention. More and more new media types are emerging to attract Generation Z’s attention. In terms of engagement, Music (59%), Video (short-form 58%, long-form 55%), and gaming (53%) are Generation Z’s top choices in China. In terms of usage time, Chinese […]
Chinese Gen-Zs’ attention insights 2021
Attention is a scarce resource in today’s world. It has unique distribution patterns and characteristics. Only with proper methods, can brands capture, develop and manage it. Chinese Gen-Z Attention Distribution Time Chinese Generation Z’s attention is widely allocated across different time periods. If we look at a 24-hour calendar day, Gen-Zs generally spend a significant […]