Attention is a scarce resource in today’s world. It has unique distribution patterns and characteristics. Only with proper methods, can brands capture, develop and manage it. Chinese Gen-Z Attention Distribution Time Chinese Generation Z’s attention is widely allocated across different time periods. If we look at a 24-hour calendar day, Gen-Zs generally spend a significant […]
Would Double 11, the biggest shopping event in China, remain the most important shopping festival in 2021? The total amount of GMV this year will be twice that of 2019, reaching about US$85 billion, according to App Annie’s forecast.
Alibaba Cloud unveiled a new in-house processor design for use in its data centers. The server chips, named Yitian 710, are custom-built by Alibaba Group’s chip development business, T-Head.
In the first half of 2021, the overall revenue of vendors in the IT security service market in China is approximately US$1.11 billion (about RMB 7.15 billion). The revenue of vendors has doubled compared with the same period last year, with an increase of 110%, or a year-on-year increase of 38% from 2019. China’s IT […]
According to Accenture’s Global CEO survey in 2021, about 70% of the Chinese executives interviewed believe that the competitiveness of Chinese enterprises has improved compared with North American and European enterprises. In contrast, about 40% of the European and North American executives interviewed believe that their enterprise competitiveness has decreased compared with Chinese enterprises. China […]
In the first three quarter, the total retail sales of consumer goods reached 31,805.7 billion yuan, up by 16.4 percent year on year, with an average two-year growth of 3.9 percent.
According to the preliminary estimates, China gross domestic product (GDP) in the first three quarters reached 82,313.1 billion yuan, a year-on-year increase of 9.8% at comparable prices, with an average two-year growth of 5.2 percent, 0.1 percentage point lower than the average two-year growth of the first half-year.
On 12 October, JD announced “Shop Now,” a new one-hour delivery joint venture with Dada Group. It will more easily connect JD’s more than 530 million customers with products offering delivery within one hour.
Self-driving tour has become the standard for National Day Golden Week travel in 2021, and the popularity rises by 150% according to Mafengwo. From October 1 to 7, UnionPay online transactions totaled 2.72 trillion yuan, with 4.863 billion transactions, and the average number of daily transactions increased by 31.73% year on year. UnionPay data show […]
WeChat Pay has officially implemented mutual recognition and mutual scanning of offline QR codes with UnionPay’s Flash app. Users can scan WeChat payment codes through the UnionPay Flash payment app in provincial capitals across the country to complete payment.
The number of Internet of Things connected devices in China reached 7.4 billion units in 2020 and is expected to exceed 15 billion by 2025, according to data from iResearch. The continuous growth of IoT equipment connectivity has delivered nutrients for the development of IoT cloud platform and promoted the platform from “quantitative change” of […]
China’s online advertising market is expected to exceed 934 billion yuan in 2021 and 1.29 trillion yuan by 2023. iResearch forecasts China mobile advertising market is to reach 835 billion yuan in 2021 and 1.17 trillion yuan by 2023. The top segments in China online advertising market are e-commerce ads (40.1% in 2021) and newsfeed […]
With China’s increasing domestic consumption demand, new domestic makeup brands are emerging and are introducing new product lines at a rapid pace, hoping to capture more market share vis-à-vis multinational brands. At the same time, the Generation Z consumer base is growing, driving the concept of Fashion Makeup to evolve. Under these changing market conditions, […]
Strategy analytics conducted a new smartphone consumer survey in China, the UK, and the United States to identify the key factors driving consumers’ replacement behavior. The report explores the drivers and barriers that affect when and how consumers change smartphones. The annual global shipment of smartphones exceeds 1.3 billion, which is the biggest business opportunity […]
Among the 200 million new middle class in China, the post-80s and post-90s account for 50.8% and 49.2% respectively, according to data from Questmobile. The New Middle Class is the group of Chinese between 25 and 40 years old, living in tier-1 to tier-3 cities with an online spending power of over 1,000 yuan. Their […]