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 […]
huawei
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 […]
China Smartphone Market Sees 8.9% Growth in Q2 2024, Led by Domestic Brands
The International Data Corporation (IDC) has released its latest report on the Chinese smartphone market for the second quarter of 2024, revealing significant growth in the industry. According to the IDC, the market saw a year-over-year (YoY) growth of 8.9%, with total shipments reaching approximately 71.6 million units. This marks the third consecutive quarter of […]
China’s Top 50 Global Brands for 2024
The latest report from Kantar BrandZ, “2024 China’s Top 50 Global Brands,” highlights the dynamic growth and global reach of Chinese brands. The study, which has been conducted annually, provides valuable insights into the leading Chinese brands that have made significant impacts in international markets.
China’s wearable device shipment up 36% in Q1
According to the latest IDC report, China’s wearable device market experienced remarkable growth in the first quarter of 2024, outpacing the global market by a significant margin. The market’s shipment volume reached 33.67 million units, representing a year-over-year increase of 36.2%. This rapid growth rate is nearly four times the global average. The smart watch […]
Huawei’s Resilience and Innovation Fuel Steady Growth Amid Challenges
On March 29, 2024, Huawei Technologies Co., Ltd., a global leader in information and communications technology (ICT) infrastructure and smart devices, released its annual report for the fiscal year 2023. Despite facing unprecedented challenges in recent years, Huawei has demonstrated resilience and an unwavering commitment to innovation, which is evident in its latest financial results […]
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 […]
Apple Leads Amid Surging Foldable Smartphone Interest in China
In 2023, China’s smartphone market underwent significant changes, with Apple capturing a leading 17.3% market share despite a 5.0% dip in overall shipments to 271.3 million units, the lowest in a decade, as per IDC. This contraction mirrors cautious consumer spending amidst a slow economic recovery.
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 […]
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 of HarmonyOS and the Harmony ecosystem.
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.
China smartphone shipment down 12.6% in Q4 2022
Chinese smartphone market shipped approximately 72.92 million units in the fourth quarter of 2022, down 12.6 percent year-over-year, according to data from IDC. The full-year 2022 Chinese smartphone market shipped approximately 286 million units, down 13.2 percent year-over-year, the largest decline on record.
Top mobile app download sources in China
Mobile app download channels integrated with users’ lifestyle use case scenarios have gradually become the focus of mobile app vendors, shortening the download process and improving the user experience. The top download sources of mobile apps in June 2022 in China are Huawei App Store (909 million downloads), App Store (729M), and Oppo App Store […]