China’s Cloud Infrastructure Services Surge to $9.7 Billion
China’s cloud infrastructure services spending soared to $9.7 billion in Q4 2023, marking a 22% year-over-year increase and capturing 12% of the global cloud expenditure.
China Internet Stats, Trends, Insights
Technology
Alibaba-Backed Moonshot AI Unveils Kimi Chatbot’s Breakthrough
In a groundbreaking development that is set to redefine digital communication, Kimi, the AI assistant developed by Moonshot AI (backed by Alibaba Group), has announced
Tencent Revenues Up 10% in 2023
In a year marked by innovation and strategic foresight, Tencent Holdings Limited not only bolstered its financial standing but also set new benchmarks within China’s
Xiaomi Reports 126% Net Profit Increase in 2023
In the latest financial disclosure, Xiaomi Corporation, a consumer electronics and smart manufacturing company, reported its consolidated results for the year ending December 31, 2023.
Baidu’s XuanYuan Outperforms GPT4 and LLaMA2 in Financial LLMs
Du Xiaoman, previously known as Baidu Finance, is a leading AI-powered financial services platform in China. It recently announced the release of 12 new financial
Chinese Entrepreneurs Seize Early Profits from OpenAI’s Sora
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
Groundbreaking Tech in China Enables Quadriplegic Patient to Control Actions Through Thought
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
China’s AI Investment to Surge
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
China’s Data and Analytics Market Forecast 2024
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
China’s Big Data Boom: A $43 Billion Forecast by 2027
Globally, big data IT investments in 2022 stood at approximately $247.1 billion, with expectations of nearly $528 billion by 2027, marking a 16.4% compound annual
DingTalk’s Digital Dominance: 700 Million Users and AI Revolution
In an extraordinary advancement for China’s burgeoning tech industry, Alibaba’s communication platform, DingTalk (China’s answer to Slack), has hit a monumental user base of 700
China’s Video Cloud Market Navigates Through Slowdown: Insights from IDC’s 2023 Mid-Year Report
IDC has released its mid-year report, “China Video Cloud Market Tracker, First Half of 2023,” outlining current trends and projections within the industry. In a
China’s Chip Market Expected to Shrink by 18% to $135 Billion in 2023
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.
China’s Edge Cloud Market Grows by 53.5% in Second Half of 2022
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
Huawei reports over 700M HarmonyOS devices
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
CIW eBooks
eBook: Win Chinese Market with Content
[tabby title=”Overview”] This eBook shares three trends of digital content consumption in China, China’s digital content ecosystem, and how content help businesses in branding and
eBook: Small Town Youth, New Growth Engine in China
[tabby title=”Overview”] The average monthly disposable income of new small-town youths from China’s lower-tier cities is 3,730 yuan, compared with 5,401 yuan of young people
eBook: China E-Commerce Factories
[tabby title=”Overview”] E-commerce factory is the collaboration of the manufacturing industry and the internet. Under the circumstances of retail sector being depressed while the traffic