With a series of internal adjustments in 2019 and re-positioning, Yanxuan, an e-commerce platform incubated by Internet company NetEase, is gradually becoming a “new middle-class favorite lifestyle brand.”. Netease Yanxuan, as a new consumer brand, has completely lost its ODM burden and has made continuous breakthroughs in commodity design and sales. Huluwa beauty products on […]
Social e-commerce accounted for 34.37% of total e-commerce transactions in 2020 according to a survey conducted by the Internet Society of China. For social e-commerce merchants, the top sources for users are WeChat Groups and WeChat Moments. Tmall accounted for about one-third of the surveyed brand merchants’ e-commerce sales in 2020. JD and Pinduoduo are […]
In Q1 2021, the total shipment of China’s domestic mobile phone market was 97.973 million, an increase of 100.1% year-on-year. 41 new phone models were released in China in March, up 32.3% year on year.
Li Auto delivered 5,539 Li ONEs in April 2021, representing a 111.3% year-over-year increase and taking the cumulative deliveries to 51,715.
NIO delivered 7,102 vehicles in April 2021, representing a strong 125.1% year-over-year growth.
Baidu, Inc. will open fully driverless robotaxi services to the public in Beijing starting from May 2, 2021, which will be China’s first paid autonomous vehicle service where users can hail a robotaxi without a safety driver behind the steering wheel, marking a landmark step on the road to commercialization of autonomous driving.
China’s second-largest short-video platform Kuaishou has set this year’s e-commerce GMV target to 750-800 billion yuan (US$123.36 billion), about twice as much as last year (381.6 billion yuan), according to Chinese media LatePost.
In March 2021, the number of active users of Baidu app reached 558 million, with daily login users accounting for more than 75%, according to Baidu’s announcement at Hong Kong Stock Exchange.
The compound growth rate of China’s cross-border e-commerce market will reach 25% from 2020 to 2025. In 2019, B2B accounts for 74.1% of China’s cross-border e-commerce sales In 2019, the total market of China’s cross-border export B2B e-commerce service providers reached 539.1 billion yuan, and the compound growth rate of the cross-border B2B service market […]
China Q1 2021 tourists up 136% YoY; tourism income up 150% China to expect 42% more domestic trips in 2021 China tourism revenues to grow 48% in 2021. China Tourism Research Institute predicts that in the first half of 2021, the number of domestic tourists will reach 1.722 billion person-trips, and the domestic tourism revenue […]
According to preliminary estimates of National Bureau of Statistics of China, the gross domestic product (GDP) in the first quarter of 2021 reached 24,931.0 billion yuan, up by 18.3 percent year on year, or up by 0.6 percent QoQ and 10.3 percent over that in the first quarter of 2019, with an average two-year growth […]
In March, the total retail sales of social consumer goods in China reached 3,548.4 billion yuan, a year-on-year increase of 34.2%; it was 12.9 percent higher than that in March 2019, with an average growth rate of 6.3 percent in two years.
In 2020, the overall scale of the big data market in China exceeded US$10 billion for the first time, with a year-on-year growth of 15.9% over 2019, according to data from IDC. In the long run, China’s big data expenditure shows a steady growth trend as a whole, and the total market volume is expected […]
The number of monthly active users of WeChat Mini Programs has exceeded 863 million (as of December 2020) according to data from QuestMobile. On average, each WeChat user uses 5.6 mini programs in December 2020, up from 5.1 a year ago. The average time spent per user on WeChat Mini Programs increased by over 27% […]
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. Lifestyle service is the most popular category on […]