The year 2023 marked a significant milestone for Tmall, one of China’s leading online retail platforms, with the emergence of over 4,100 brands each achieving annual sales exceeding one billion yuan, according to data shared at Tmall’s TopTalk conference. This surge underscores a broader trend of digital marketplace evolution, characterized by innovative sales strategies, substantial […]
Alibaba Group
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 […]
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 support for an unprecedented 2 million-character dialogue window. This enhancement, achieved within just six months of its initial release in October 2023, signifies a monumental leap in AI capabilities. The […]
Idle Fish Shatters Records: A New Era in China’s Second-Hand Economy
In an unprecedented leap, Idle Fish (a.k.a. Xianyu), Alibaba’s leading second-hand trading platform, has broken significant ground in China’s digital marketplace. As of 2023, the platform has astonishingly surpassed a daily Gross Merchandise Volume (GMV) of 1 billion yuan (US$141 million), marking a colossal shift in consumer behavior towards the second-hand market. This surge reflects […]
Alibaba’s “Hui Wa”: Future of E-commerce or Mere Hype?
In the evolving landscape of digital commerce, Alibaba’s recent foray into AI-driven e-commerce with the launch of “Hui Wa” marks a significant milestone. As the digital giants of China, including Baidu and ByteDance, pave their paths in AI e-commerce, the question arises: Is AI the new frontier for e-commerce, or is it simply a buzzword? […]
China’s Import E-Commerce Trends 2024
In 2023, China’s import e-commerce market has seen transactions soar to 551.77 billion yuan, a climb from 462.84 billion yuan in 2018, highlighted by a 10.4% growth peak in 2023, according to data from Analysys. This burgeoning market is led by Tmall Global with a formidable 37.6% share, followed by other key platforms contributing to […]
Alibaba Group Holds Steady in Digital Commerce and Cloud Computing
Alibaba Group’s December quarter financials reveal a 5% revenue growth and strategic investments in core businesses, alongside a significant expansion of its share repurchase program.
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 million by the end of 2023.
Insights of China Double 11 Shopping Festival 2023
The Double 11 Shopping Festival, also known as Singles’ Day, has become synonymous with peak consumerism in China. Yet, as we approach 2023, the landscape is shifting. This year, we’re seeing a return to rationality, a rise in local brands, and the untapped potential of the “silver economy.”
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 […]
China’s Consumer FMCG Market Snapshot 2023
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 […]
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.
Taobao’s 20th Anniversary Sets Stage for Largest 618 Shopping Festival Yet
In China’s e-commerce realm, the 618 Shopping Festival is an event of monumental scale and impact. It owes its inception to the Chinese e-commerce giant Taobao, which was founded on May 10, 2003.
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.