Baidu announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. The company continued to exhibit solid performance, with notable advancements in AI technology and substantial growth in its AI cloud and autonomous driving sectors.
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 […]
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 […]
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 […]
In an enlightening revelation by the National Bureau of Statistics, the landscape of disposable income across China’s 31 provinces in 2023 showcases significant regional economic disparities and growth patterns.
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 […]
In an unprecedented achievement within the realm of neurotechnology, China has marked a significant milestone as a quadriplegic patient regained the ability to perform actions such as drinking water through brain control.
China’s tourism sector during the Spring Festival period of 2024 (Chinese New Year Golden Week), demonstrated a robust recovery from the impacts of the pandemic and indicating a positive outlook for the future of both domestic and international travel in China.
In 2023, China’s smartphone market underwent significant changes, with Apple capturing a leading 17.3% market share despite a 5.0% dip in overall shipments to 271.3 million units, the lowest in a decade, as per IDC. This contraction mirrors cautious consumer spending amidst a slow economic recovery.
China’s technology landscape presents a unique paradox of vast opportunities entwined with intricate challenges. Amidst this dynamic environment, generative AI (GenAI) emerges as a pivotal force, poised to redefine the contours of the country’s digital economy. With IDC forecasting GenAI-related IT spending to soar to $9.6 billion by 2027, understanding China’s distinct approach becomes crucial […]
The International Data Corporation (IDC) forecasts a global surge in artificial intelligence (AI) investments, expecting a total of $423.6 billion by 2027, with a compound annual growth rate (CAGR) of 26.9% from 2022 to 2027.
IDC’s latest forecast reveals a significant upturn in the data and analytics software market, projecting a compound annual growth rate (CAGR) of 16% to reach $340 billion by 2027. This surge underscores the accelerating enterprise drive to harness analytical insights and operational efficiency from their data. The advent of Generative AI (Gen AI) alongside the […]
Despite numerous attempts to dominate the e-commerce stage, Tencent has never relinquished its ambition in the competitive arena.
Alibaba Group’s December quarter financials reveal a 5% revenue growth and strategic investments in core businesses, alongside a significant expansion of its share repurchase program.
Baidu has announced an innovative feature within its Wenxin Yiyan app (its GenAI product; a.k.a. Ernie Bot) that allows users to create digital twins with unprecedented ease. Both iOS and Android users can access this feature for free upon updating to the latest version of the app.