The number of monthly active users (MAU) of WeChat grew slightly to 1,299 million in the second quarter of 2022, according to Tencent’s quarterly results. Smart device MAU of QQ was 568.7 million.
In July, the total retail sales of social consumer goods in China was 3,587 billion yuan, a year-on-year increase of 2.7%. Among them, the retail sales of consumer goods other than automobiles were 3,204.6 billion yuan, up 1.9%.
Baidu announced on 8 August 2022 that it has secured the first permits in China to offer commercial fully driverless robotaxi services to the public on open roads.
98% of Alibaba’s annual active consumers who each spent over RMB10,000 on Taobao and Tmall in the twelve months ended June 30, 2021 continued to be active in the twelve months ended June 30, 2022 as of 30 June 2022.
In June 2022, the domestic mobile phone market shipped 28.017 million units, a year-on-year increase of 9.2%, and the cumulative shipment in the first half of the year was 136 million units, a year-on-year decrease of 21.7%, according to the latest report of China Academy of Information and Communications Technology (CAICT).
RMB saving deposits increased by 18.82 trillion yuan in the first half of the year, an increase of 4.77 trillion yuan year-on-year, according to data from People’s Bank of China. Household saving deposits increased by 10.33 trillion yuan in H1 2022, non-financial enterprise deposits increased by 5.3 trillion yuan, fiscal deposits increased by 506.1 billion […]
Baidu unveiled on 21 July 2022 its next-generation fully autonomous vehicle (AV) Apollo RT6, an all-electric, production-ready model with a detachable steering wheel. Designed for complex urban environments, Apollo RT6 will be put into operation in China in 2023 on Apollo Go, Baidu’s autonomous ride-hailing service.
The decline of major economic indicators in China narrowed in May, the economy in June registered a stable recovery, and the economy in the second quarter achieved positive growth.
Chinese purchase of food, detergent, and other necessities requires a high brand trust from customers and indicates characteristics of high purchase frequency and strong user stickiness, according to a report jointly released by JD and Economic Daily News. Meanwhile, a large proportion of customers initially turn to online food shopping for a “better diet”; they […]
By the end of June 2022, the number of automobiles in China has reached 406 million, of which the number of new energy vehicles has exceeded 10 million.
In the first quarter of 2022, 3.563 million VR head-mounted displays were shipped worldwide, of which Oculus accounted for 90% of the global VR market. China shipped 257,000 VR headsets, with a year-on-year increase of 14.8%, according to data from IDC.
Alibaba Cloud has launched a software-as-a-service (SaaS) product Energy Expert, a sustainability platform to help customers worldwide measure, analyze and manage the carbon emissions of their business activities and products.
The Chinese government’s digital economy related planning during the 14th Five Year Plan period provides good policy and financial support. The total digital economy related investment in the next five years will be 15-20 trillion yuan. COVID-19 and other emergencies further highlight the value of digitalization. IDC’s survey in 2021 shows that due to the […]
According to the data by Nint, a digital retail data service provider, as of the end of the first round of 618 Shopping Festival 2022 (June 3), the estimated sales of 59 brands in a single category (hereinafter referred to as sales) exceeded 100 million in the 36 categories counted.
JD Worldwide, the international business of JD.com (Jingdong), launched a cross-border B2B platform Joybuy on June 18 2022. Joybuy connects overseas merchants with high-quality Chinese factories through the company’s selected supplier network.