Weibo’s monthly active users (“MAUs”) reached 523 million in June 2020, a net addition of approximately 37 million users on a year-over-year basis. Mobile MAUs represented about 94% of MAUs, according to Weibo’s quarterly financial results.
Alibaba is launching Hema x Member on the coming National Day 1 October 2020 in Shanghai, the first domestic funded warehousing membership retail brand in China. The first Hema x Member store will be officially opened on October 1st on the B1 floor of Senlan commercial center in Pudong, Shanghai, covering an area of 18,000 […]
China’s digital signage market is expected to reach 9.614 million units in 2020 and year-on-year growth of 19.8% in 2021. The compound growth rate of the digital signage market in the next five years will reach 18.5%. In the past years, due to the complexity of product specifications of digital signs, users’ understanding of the […]
The monthly active mobile users of China’s blue-collar population has more than doubled from July 2016 to July 2020, from 15.48 million to 33.79 million, with an average annual growth of 21.5%. In the first and second-tier cities, the blue-collar is very active. However, the third and lower-tier cities also have great growth potential. The […]
With its first appearance in 2016, e-commerce live streaming has been in explosive development period since 2019. Its GMV in 2019 reached 451.29 billion yuan, increasing by 200.4% YoY and accounting for 4.5% of the overall online shopping market in China. With a huge room for growth, it is expected to maintain a high growth […]
SAIC Volkswagen ranks highest in NEV new-vehicle quality among all brands in the PHEV segment in China, followed by BMW, while NIO ranks highest among all brands in the BEV segment, followed by Tesla, according to a JD Power report. As the New Energy Vehicle (NEV) market in China gets in the fast lane, the […]
Alibaba Group revealed its New Manufacturing model for the first time with the unveiling of Xunxi Digital Factory (“Xunxi”) on 16 September 2020.
Baidu displayed Fully Automated Driving during Baidu World 2020 on 15 September 2020, the company’s annual technology conference that was held in cooperation with CCTV.
In August, the total retail sales of consumer goods in China totaled 3,357.1 billion yuan (US$496.67 bn), up 0.5 percent year on year, the first positive growth since the beginning of 2020. Among them, the retail sales of consumer goods excluding automobiles totaled 3,015.8 billion yuan (US$446.18 bn), down 0.6%.
China’s grocery B2C e-commerce transactions totaled 544.94 billion yuan in 2019 and are estimated to exceed 1.38 trillion yuan by 2022. 74.8% of the market is dominated by mainstream e-commerce platforms such as Taobao, JD, Pinduoduo while the grocery vertical e-commerce platforms have a 25.2% market share. Grocery e-commerce’s penetration among China’s internet users has […]
The total advertising spending in China decreased by almost 20% YoY in the first six months of 2020, including TV, radio, print, outdoor, and internet. IT Products and Services is the only category seeing positive growth (80.9%) in traditional advertising spending in H1 2020. The most popular digital advertising channels in 2020 are influencer live […]
Mini Programs (MP) are light applications designed to run on top of a specific mobile app. Top technology companies in China have designed and run their own mini program framework; and, the most popular ones include WeChat platform, Alibaba (Alipay platform; Taobao platform), Baidu Smart Program, and QuickApp. WeChat Mini Program DAU exceeded 400 million […]
As of August 2020, the number of daily active users of WeChat Mini Programs has exceeded 400 million, the GMV of mini-programs transactions has increased by 115% YoY, and the self-operated GMV of brand merchants has increased by 210% YoY, according to data shared at Tencent Global Digital Ecosystem Summit. Pinduoduo secured more younger users […]
Tencent has the highest reach of 98.7% of China mobile internet users in June 2020. Alibaba and Baidu reach 97.6% and 91.2% mobile internet users respectively while ByteDance follows closely with 66.7% reach.
Monthly Active Users (“MAU”) of Momo mobile app, one of the top dating app in China, were 111.5 million in June 2020, compared to 113.5 million in June 2019.