In China’s fast-paced lifestyle, consumers are demanding more immediacy and convenience from their shopping experiences. With just a few taps on their phones, they want products delivered within the hour. This growing trend has led to the rise of instant retail, a retail model where products are ordered online and delivered to consumers in as […]
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Chinese Sellers Thrive Overseas
In 2024, several sectors continued to thrive, with cross-border e-commerce standing out as a key area of growth. As China’s export e-commerce industry rapidly expands, the scope of its influence has spread across the globe, with sellers from small towns to large cities riding the wave of international digital commerce. Cross-Border E-commerce: A Rapidly Growing […]
Pinduoduo, Douyin, and Kuaishou struggling with growth
In 2024, some of China’s leading internet companies, including Pinduoduo, Douyin (TikTok’s Chinese counterpart), and Kuaishou, reported sluggish growth. Their Q2 financial results signal a potential turning point after a decade of rapid expansion, primarily driven by recommendation algorithms. As these platforms face increasing competition and saturation in their respective markets, the once-powerful engines of […]
68.8% Opt for Online Trade-Ins, 95.5% Engage with Short Videos in H1 2024
China’s digital landscape continues to evolve rapidly, with a marked shift in consumer behavior and digital service adoption. The latest report by the China Internet Network Information Center (CNNIC) highlights several key trends in the first half of 2024, focusing on consumer demand, mobile payment convenience, and the burgeoning online video industry. Growing Popularity of […]
“Black Myth: Wukong” Ignites Gaming Surge and Tourism Boom in China
The release of the highly anticipated video game “Black Myth: Wukong” has sparked a wave of consumer activity across China, boosting video game sales and driving a surge in tourism, particularly to historical sites featured in the game.
Huawei Revenue Up 34.3% YoY in H1 2024
Huawei has released its financial results for the first half of 2024, reporting robust growth and stable operations that align with market expectations. The company achieved a sales revenue of RMB 4,175 billion in H1 2024, marking a 34.3% increase compared to the same period last year. The net profit margin for the first half […]
China’s Generative AI Market Ecosystem Overview
As the generative AI market matures, China’s landscape is swiftly solidifying into a competitive environment driven by the country’s leading tech giants, innovative AI startups, and established AI companies. According to the latest report from QuestMobile, the generative AI market in China is developing into a tripartite ecosystem with significant contributions from top internet companies, […]
China’s Cooking Robotics Market Sees Rapid Growth Amid Challenges
China’s domestic cooking robotics market, though still in its nascent stages, is witnessing significant growth, according to recent data from Aowei Cloud. In the first half of 2024, online sales revenue for cooking robots reached RMB 130 million (approximately USD 17.8 million), marking a robust year-on-year increase of 41.2%. Sales volume surged even more impressively, […]
JD.com Reports Significant Profit Growth in Q2
JD.com reported its unaudited financial results for the second quarter of 2024, showcasing a solid performance in its core business areas.
Tencent’s Q2 2024 Results
Tencent Holdings announced its unaudited consolidated results for the second quarter of 2024, showcasing robust growth and strategic advancements across its diverse business segments. The company’s performance underscores its commitment to leveraging its platform plus content strategy, with notable successes in both domestic and international markets.
Alibaba Group highlights for Q2 2024
Alibaba Group released its financial results for the quarter ending June 30, 2024, showcasing both growth in strategic areas and challenges in maintaining profitability. The company continues to focus on its core businesses, particularly cloud computing and international expansion, while navigating a complex economic landscape.
Huawei HiSilicon Enters Top 10 in China’s Passenger Vehicle Cockpit Chip Market
In the first half of 2024, the Chinese passenger vehicle market witnessed significant developments in the automotive cockpit chip sector. According to the latest report by Gaogong Intelligent Vehicle Research Institute, Huawei HiSilicon, a domestic brand, made a remarkable entry into the top ten list of cockpit chip suppliers, securing its position with a delivery […]
3 Chinese Apps in Top 10 AI Apps
In the rapidly evolving world of AI, one might expect global giants like Alibaba to dominate. However, as of the first half of 2024, it’s Zuoyebang, the former leader in online education, that has taken the AI landscape by storm. According to data from Sensor Tower, Zuoyebang has made significant strides in the U.S. market […]
Operating Costs of China E-Commerce Giants
In recent times, the controversy surrounding the “refund only” policy on Chinese e-commerce platforms has sparked considerable debate. Some merchants have publicly voiced their frustrations, accusing the policy of being exploited by so-called “bargain hunters,” leading to what they describe as malicious refund practices. However, a closer examination reveals that even for those merchants who […]
Live Streaming on RED: The New Solution for Sexual Wellness Brands?
Recently, many brands selling adult toys and lingerie have ventured into live streaming on platforms like Xiaohongshu (Little Red Book or RED), with a notable increase in female-oriented products. These live streams, much like those for beauty and fashion, are brightly lit and tastefully designed, with hosts discussing various products as if they were ordinary […]