In 2021, the global Internet of Things (enterprise-level) expenditure reached $690.26 billion and is expected to reach $1.1 trillion in 2026, with a five-year (2022-2026) compound growth rate (CAGR) of 10.7%, according to data from IDC. Among them, China’s enterprise market will reach US$294 billion in 2026, with a compound growth rate (CAGR) of 13.2%. […]
China Internet of Things (IoT)
China's IoT market is often regarded as AIoT, the artificial intelligence of things. Check out the key players, such as Xiaomi and Alibaba, and market insights below.
China smart device market overview 2022
Smart Home is the largest smart device segment in China with over 185 million monthly active users, followed by Wearable, Smart Automobile, Smart Accessories, and Smart Health. Huawei Sports is the top smart device app with over 69.07 million MAU, followed by Xiaomi’s Mijia app (86 million MAU). Huawei has the largest smart device share […]
Xiaomi revenue up 34% while profit increased by 70% in 2021
In 2021, Xiaomi’s total revenue for the year reached RMB328.3 billion, an increase of 33.5% year-over-year while adjusted net profit for the year came in at RMB22.0 billion, representing an increase of 69.5% year-over-year with both annual metrics beating consensus.
6 trends of China’s digital economy innovation
In a relatively short time, China has become one of the world’s largest digital economies. Thanks to the support of nearly one billion internet users, China’s e-commerce sales rose to $1.7 trillion in 2020, accounting for about 30% of the country’s total retail sales. But scale is not the whole point of the story. Innovation […]
Top 10 Smart City Forecast in China 2022-2025
In 2022, China’s smart city will focus on cloud innovation, data governance, data connectivity, and new infrastructure development, and promote urban digital transformation through coordinated development, according to IDC. 1. Central government’s investment in local government. Thanks to years of stimulus measures provided by national and regional governments during the epidemic, many cities and communities […]
Top 10 forecasts of China’s smart home market 2022
In 2021, China’s smart home market starts upgrading and adjusting in the pressure and transformation on both sides of supply and demand, and gradually optimize the problems exposed after the market surge. Facing the vast opportunities to be explored ahead, in 2022, China’s smart home market will deeply focus on platforms, applications, technologies, and scenarios, […]
China IoT market to account for 45% of global spend by 2025
IDC predicts that by 2025, China’s Internet of Things (IoT) market spending is expected to reach approximately US$300 billion, with an annual compound growth rate of 13.0% in the next five years. In 2021, the global IoT expenditure will reach US $754.28 billion, and is expected to reach US $1.2 trillion in 2025, with a […]
Alibaba unveiled 5nm Yitian 710, among China’s most advanced chips
Alibaba Cloud unveiled a new in-house processor design for use in its data centers. The server chips, named Yitian 710, are custom-built by Alibaba Group’s chip development business, T-Head.
Profile of Tuya Inc, China’s IoT cloud platform, empowering brands like Philips and Schneider Electric
Tuya Inc has pioneered a purpose-built IoT cloud platform that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, and Software-as-a-Service, or SaaS, to businesses and developers. Its IoT PaaS offering enables businesses and developers to quickly and cost-effectively develop, launch, manage and monetize software-enabled devices and services. Its Industry SaaS offering enables businesses to easily and […]
Forecast of China’s digital automobile and transportation market 2021-2025
The digital automobile and transportation market is considered to be the entire ecosystem of companies, products, and services related to automobiles and transportation infrastructure based on the Internet, IoT, and third-party platform technologies. The digital automobile and transportation ecosystem includes a wide range of market participants, including but not limited to: automobile manufacturers, suppliers and […]
China data center market overview 2021
The total revenues of China’s internet data center businesses reached 113.24 billion yuan and are expected to grow at a CAGR of 30%. China’s data center market is estimated to reach 149.4 billion yuan in 2020, with an increase of almost 32%. The drivers behind the demand in China’s data center include Growth of internet […]
MWC Shanghai 2021 exploring how tech and connectivity can lead global recovery
The GSMA has announced initial details of MWC Shanghai, making a grand return as a physical experience for 2021. Scheduled for 23 to 25 February 2021 and taking place at the Shanghai New International Expo Centre (SNIEC), it will be one of the largest and most anticipated events of its kind in recent months.
More than half Chinese consumers used smart home devices during COVID-19
Since March 2020, 70% of consumers have reported making changes in their living environment due to spending more time at home during the pandemic, and more than half (51%) have reported purchasing at least one smart device during that period, according to a new study by Xiaomi. Stay-at-home orders changed the very notion of how […]
Forecast for China’s future connectivity 2021-2024
Digital transformation is not accomplished overnight, and “technology + business” will have a long-term running-in process. The future will be an era of the interconnection of all things, and connection will be the core element of bridging the gap and releasing digital value. IDC releases forecasts for China’s future connectivity. 1. Digital transformation challenges By […]
Xiaomi highlights in 2019; MIUI MAU up 28% to 310M in 2019
In 2019, Xiaomi’s total revenue was RMB205.8 billion, an increase of 17.7% year-over-year. Adjusted net profit was RMB11.5 billion, an increase of 34.8% year-over-year. For Q4 2019, Xiaomi recorded RMB56.5 billion in revenue, an increase of 27.1% year-over-year, while adjusted net profit was RMB2.3 billion, an increase of 26.5% year-over-year.