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.
China’s Labor Day Tourism Booms, Smaller Destinations Shine Amid Record Numbers
China’s Labor Day holiday, from 29 April to 3rd May 2023, witnessed an unprecedented boom in domestic tourism this year, with popular hotels fully booked and tickets to famous scenic spots selling out.
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, […]
Double 11 shopping festival 2022: Tmall and JD sales
Alibaba’s Tmall kicked off the Double 11 Shopping Festival 2022 at 8:00 p.m. on October 24. Compared with the pre-sale started on October 20 or 21 in previous years, the pre-sale time of this year’s Double 11 has been shortened.
Alibaba Cloud launched SaaS platform to help companies achieve carbon neutrality goals
Alibaba Cloud has launched a software-as-a-service (SaaS) product Energy Expert, a sustainability platform to help customers worldwide measure, analyze and manage the carbon emissions of their business activities and products.
China tourism revenues down 43% in Labor Day golden week 2022
During the five-day “May Day” holiday in 2022, China saw 160 million domestic person-trips, a year-on-year decrease of 30.2%, and recovered to 66.8% in the same period before the epidemic according to the Ministry of Culture and Tourism.
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.
China grocery e-commerce market to more than double by 2023
China’s grocery consumption retail market is estimated to reach 5469.7 billion yuan in 2021 and exceed 6817.3 billion yuan by 2025. Grocery Consumption by Categories Grocery retail market Online contributed to 14.6% of the total grocery retail market in China in 2020 from 8.8% in 2019. China grocery e-commerce market is estimated to exceed 1.2 […]