According to TechInsights, China has maintained its position as the largest global IC consumer market since 2005, reaching a peak of $177.3 billion in 2021. However, it is expected to decrease by 7.3% in 2022. Besides the $164.4 billion in 2023, due to the global economic slowdown, China’s COVID-19 policies, and the tightening of US […]
In the second half of 2022, the scale of China’s edge cloud market reached 4.6 billion yuan, a year-on-year increase of 53.5%, according to a recent report by the International Data Corporation (IDC). The market size of edge public cloud services, edge dedicated cloud services, and edge cloud solutions reached 2.32 billion yuan, 670 million […]
China’s smartwatch market signaled a positive turn in the second quarter of 2023, witnessing a 5% year-on-year (YoY) shipment growth, as revealed by Counterpoint Research. Senior Analyst Shenghao Bai weighed in on the development, attributing the rise to the low base of the same period in the previous year. Bai highlighted the role of the […]
Recent data from CTR Media Intelligence reveals a notable growth in China’s advertising sector, showcasing a 4.8% year-on-year growth for the first half of 2023. The National Bureau of Statistics announced in July that China’s GDP rose by 5.5% year-on-year in the first half of 2023. This economic uptick has seemingly provided a confidence boost […]
At the “2023 Think Games Event” held in Shanghai, Zhou Yang, General Manager of Google’s Gaming Industry in Greater China, shared some insightful observations about the performance of the gaming industry, particularly highlighting the achievements of Chinese developers. With half of 2023 already behind us, Zhou Yang reflected on the year’s progress. “From a revenue […]
The ever-evolving Chinese consumer tech market is no stranger to breakthrough innovations. Leading this change in the business software segment is DingTalk, which has cemented its position as a top-tier platform for businesses of all sizes.
Bilibili Inc., the iconic video community that resonates with China’s younger demographic, has released its Q2 2023 financial results. The brand, which is a staple for the digital age in China, has showcased a blend of growth, efficiency, and resilience in a competitive tech landscape.
Tencent Holdings Limited, the cornerstone of China’s internet value-added services, has disclosed its results for the second quarter and the first half of 2023. The figures highlight an emphasis on business performance, partnerships, and an impressive uptick in user engagement.
In a world where e-commerce and technology continue to evolve, JD.com’s recent financial disclosures for the second quarter and interim 2023 reveal a significant growth trajectory. The company, a titan in supply chain-based technology and services, has reported impressive numbers, with some unexpected insights.
The first half of 2023 has witnessed a warming trend in China’s esports industry. With leading esports products maintaining steady operations, the launch of new games, and the strong return of competitive events, the industry’s revenue and user base remain stable. This September, esports will make its official debut at the 19th Asian Games in […]
As the world slowly recovers from the pandemic, China’s outbound tourism sector is witnessing a promising resurgence. A recent report released online by the China Tourism Research Institute on July 30th provides an insightful glimpse into the trends of the first half of 2023. Asia Dominates Destination Preferences According to the report, a whopping 94% […]
China’s Fast Moving Consumer Goods (FMCG) market, a critical indicator of domestic consumption patterns, presents a mixed picture in Q2 2023, reflecting both resilience and challenges. Here’s a breakdown based on recent data from CTR and CCTV Market Research’s Kantar Consumer Index. 1. Market Growth and Diversification Despite the “high base effect,” the FMCG market […]
Huawei’s annual Developer Conference, HDC.Together 2023, has officially commenced. During the event, Yu Chengdong, CEO of Huawei’s Consumer Business Group (BG), shared the latest developments of HarmonyOS and the Harmony ecosystem.
Yangtze Evening Post reported that the first half of 2023 has seen the online fresh food and community group buying sectors experience contrasting fortunes. On the one hand, Dingdong Maicai is closing stores and retreating from cities, and Meiri Youxian is facing delisting. Meanwhile, Alibaba’s Hema is initiating plans to go public, and Xingsheng Youxuan […]
The Chinese technology market, known for its dynamism, is currently facing a slump in smartphone demand. However, some tech companies have demonstrated resilience and adaptability despite this downward trend. The Smartphone Market: Navigating a Slump According to the International Data Corporation (IDC), China’s smartphone shipment volume in the second quarter of 2023 reached approximately 65.7 […]