By 2022, China will see 100 million units 5G smartphone and 9.98 billion units IoT devices. China’s internet giants have been acting actively to industrial internet and paid more attention to B2B business from different aspects. 5G network is finally starting to feel real in 2019 with smart devices (including smartphones, smart autos, and VR/AR […]
IoT
Internet economy overview 2019: China vs. the U.S.
China’s road to digital transformation is quite different from other markets as the consumer internet is driving the development of industrial internet, according to a report co-released by the Boston Consulting Group (BCG), Alibaba, and Baidu. To a certain extent, Chinese consumers have led a highly digital daily life. 20% of households in first- and […]
Xiaomi performance highlights for 2018; IoT connected devices grew by 193%
The number of connected devices (excluding smartphones and laptops) on Xiaomi’s IoT platform reached approximately 150.9 million units in 2018, a year-on-year increase of 193.2%. Xiaomi AI assistant Xiaoai had been installed and activated on more than 100 million smart devices as of December 31, 2018, and had over 38.8 million monthly active users in […]
Over 40% of Xiaomi’s US$7.31 bn from overseas in Q3 2018
Xiaomi shipped 33.3 million units smartphones in Q3 2018, a 20,4% growth year-on-year. That recorded approximately US$5.04 billion in revenue, an increase of 36.1% year-on-year. Xiaomi Mi 8 ranked 1st in terms of sales volume on Singles’ Day shopping festival 2018. Xiaomi smartphone shipments for Western Europe grew 386% year-on-year and ranked fourth in terms of smartphone […]
Video: how China’s largest automated warehouse works
Alibaba Group’s Double 11 Global Shopping Festival is the biggest shopping event. This year, the one-day event brought in over $30 billion in gross merchandise volume. Delivering these $30 billion goods to consumers replies a lot on Alibaba affiliated logistics company Cainiao (majority owned by Alibaba). In 2017, Cainiao delivered 812 million orders. But how?
Xiaomi sold 32 million smartphones in Q2 2018
In Q2 2018, Xiaomi reported a high growth of 58.7% in smartphone revenues to 30.5 billion yuan (US$4.61 bn), accounting for roughly two-thirds of the total revenues. Smartphone sales volume reached 32.0 million units, up by 43.9% year-on-year. IoT and lifestyle products grew 104.3% year-on-year in revenues with the global sales volume of smart TVs grew over […]
Chinese Consumer Trends 2018: IoT, AI, AR/VR, and Privacy
The emerging digital market is accelerating Chinese consumers’ consumption upgrading. Nowadays, Chinese consumers are more able to consume sensibly. Shopping is no more as easy as “just buy it”, according to a report from Accenture. Offline physical experiences become more important to Chinese consumers than ever. The appearance of a brick-and-mortar store greatly meets their […]
Consumer robot expected to reach US$1.6 billion sales in China in 2018
Chinese consumers aged between 15 and 49 years have a stronger passion for high tech products than those aged over 50, according to a report from Gfk. For 28% of consumers who aged between 15 and 19 years, having the latest household electronics is of equal importance as luxury cars or a second car. That […]
New energy vehicle trends from 2018 Beijing Auto Show
New energy vehicle is the hottest theme of this year’s Beijing Auto Show. Kantar TNS Auto expert summarizes major trends in this sector.
Baidu revenues per customers up 19% to $5,800 in Q1 2018
Baidu’s total revenues reached RMB 20.9 billion ($3.33 billion) in Q1 2018, increasing 31% year over year. Mobile revenue represented 78% of total net revenues, compared to 70% in Q1 2017.