In 2023, China’s digital content sectors, encompassing online video, live streaming, music, and literature, showcased remarkable growth and innovation. The online video user base expanded to 1.067 billion, with substantial improvements in content variety, especially in micro and short dramas, supported by government guidelines and quality initiatives. Live streaming also saw a significant increase in […]
Tencent
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. Throughout 2023, China’s cloud market witnessed a 16% growth, a notable rise from 2022’s 10%. This momentum is expected to continue, with forecasts predicting an 18% growth in 2024. In […]
Tencent Adapts Amid Challenges: Increases Share Buy-Backs as Gaming Sales Soften
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 digital arena. The conglomerate’s 2023 financial results, alongside a series of strategic undertakings, shed light on the thriving dynamics of China’s technology sector and Tencent’s pivotal role therein.
China’s Tech Giants Lead in Global User Spending, Tencent Tops the Chart
Tencent and ByteDance Secure Top Positions in Global Rankings Data.ai, a leading provider of internet data and analytics, has released its Global Publisher Awards for the year 2024, showcasing the world’s top 50 publishers based on user spending across iOS and Google Play stores in 2023. Leading the pack, Tencent and ByteDance, both hailing from […]
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 market contending with a post-pandemic deceleration in consumer entertainment demand and reduced IT expenditure from industry clients, China’s video cloud market faced a 7.0% year-on-year decline, reaching $4.62 billion. The […]
Alipay and WeChat Pay Open up Mobile Wallets to Foreigners in China
In a significant move to facilitate foreign visitors in China, Ant Group and Tencent have announced new developments in their mobile wallet services, Alipay and WeChat Pay, respectively.
China cloud computing market in 2021; top 4 have 80% market share
China’s cloud infrastructure services market grew by 45% to US$27.4 billion in 2021 according to Canalys.
China’s Public Cloud Services Market Growth Slows in H2 2022, Still Shows Promise for Future
China’s public cloud services market (IaaS/PaaS/SaaS) reached $18.84 billion in the second half of 2022, according to the latest report from International Data Corporation (IDC). The IaaS market saw year-on-year growth of 15.7%, while the PaaS market grew at 31.8%. Compared to the first half of 2022, the combined IaaS and PaaS market growth slowed […]
China public cloud market share in 2021; IaaS+PaaS grew by 43% in H2
In the second half of 2021, the overall market of China’s public cloud services (IaaS/PaaS/SaaS) reached US$15.13 billion, of which the IaaS market increased by 40.1% (47.5% in H1) and the PaaS market increased by 55.7% (53.9% in H1) year-on-year, according to data from IDC.
The Billion-Dollar ‘Planting Grass’ Economy: Content, Commerce, and Social Shopping
It’s hard to pinpoint when it started, but major Chinese tech companies have become obsessed with “planting grass” (Zhongcao). “Planting grass”, or Zhongcao, refers to recommending quality products to others to entice purchases or generating a desire to experience or possess something based on external information. In recent years, internet giants such as Tencent, Alibaba, […]
WeChat Users & Platform Statistics 2023
In 2022, the total views of the original content on WeChat Channel (video account) increased by 350% year on year, and the scale of live broadcast increased by 300%, according to WeChat’s data released on 10 January 2023.
Top 3 private traffic platforms for merchants in China
WeChat, Alipay, and short video platforms (Douyin, Kuaishou, etc) have become the most important platforms for Chinese merchants’ private traffic operation according to a report from iResearch. More than 80% of businesses believe that the cost of private traffic has increased by 40%, so the conversion rate and leveraging public traffic have become the core […]
China Mobile Internet Insights 2022: Top Mobile Apps & Platforms
The top mobile apps in China by MAU in the first half of 2022 are led by WeChat, Taobao, Alipay, Douyin (TikTok in China), Gaode Maps, Pinduoduo, QQ, Baidu, Sogou Input, and Baidu Input, according to data from QuestMobile. Top Mobile Apps with MAU>100M in H1 2022 The top 5 mobile app categories by total […]
China e-commerce market 2022: top mobile apps and users
Taobao, Pinduoduo, and JD continue to be the top mobile shopping apps by MAU in China in the first half of 2022. WeChat Mini Programs remain a key traffic channel to Meituan Select, Herma, and JD. E-commerce and Shopping in 2021 The average monthly active users of China’s online shopping market exceeded 842 million in […]
Mobile reach in 2022: Tencent, Alibaba, Baidu, ByteDance, Kuaishou
Tencent has the highest reach of internet users in China in 2021 (95%) with 442 mobile apps, followed by Alibaba (88%), Baidu (81%), and ByteDance (73%), according to data from QuestMobile.