By 2025, blockchain-based electronic voting solutions will become the mainstream solution, and 5% of jurisdictions will conduct blockchain voting system testing in China, according to IDC. By 2024, the healthcare blockchain digital identity standard will come from the National Health Commission or other health institutions, and the following four aspects can be achieved: medical data […]
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’s wealthy families exceeded 5 million in 2020; there are their desired brands
The number of “wealthy families” with at least 6 million yuan (about US$930 thousand) assets in China exceeded 5 million for the first time in 2020, an increase of 1.4% over the previous year, according to Hurun Research Institute. Beijing is still the area with the most “wealthy families” with assets of at least 6 […]
China networks market forecast 2021-2024
Affected by COVID-19, the global networks market in 2020 (including Ethernet switches, routers, and WLAN) has declined year by year. China’s network market growth is still positive due to effective epidemic control and economic growth resilience. Looking forward to 2021 and the next few years, China’s network market will enter the era of medium speed […]
JD Worldwide cross-border e-commerce trends in 2021
Consumer goods imports to China grew 8.2% in 2020, reaching RMB 1.57 trillion yuan (US $242.1 billion), according to China’s Ministry of Commerce (MOFCOM). JD.com’s cross border import e-commerce platform JD Worldwide saw a total sales increase of 50% during the Singles Day Grand Promotion 2020. A driving force: “Be kind to yourself” Popular categories […]
JD targets China middle-class households with membership platform Yihaodian
JD-owned e-commerce platform Yihaodian focuses on middle-class family customers who demand high-quality products with competitive prices. Yihaodian (YHD) provides only around 10,000 SKUs, far less compared with millions of SKUs on JD.com. They are carefully selected based on the preferences of Yihaodian’s members who are usually middle-aged, married, living in first and second-tier cities, 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 […]
JD.com’s Jingxi platform saw surging sales from college students in 2021
College students’ e-commerce orders on Jingxi platform more than quadrupled in January 2021, according to JD.com. Jingxi is JD.com’s social commerce platform, positioned to compete with Pinduoduo in lower-tier cities, and running Chinese New Year (CNY) Grand Promotion like other e-commerce platforms in China. Annual active consumers of Taobao Deals, a similar product from Alibaba Group […]
How big is the e-cigarette market? Global vs. China 2016-2023E
China’s vaping firm RELX’s share price more than doubled in its trading debut last week. But how big is the e-cigarette market? There were 1 billion combustible tobacco users worldwide in 2019, of which 85.5% were cigarette users. In 2019, the global sales of combustible tobacco and low-toxic cigarette alternative products were US$850.7 billion and […]
10 Forecast for China PC Market
In 2020, China’s PC market affected by the epidemic was like being on a roller coaster. In the first quarter of 2020, China’s PC market dropped by 28.1% year on year, but the growth rate in the next three quarters is about 10% year on year. IDC predicts that China’s PC market will grow by […]
Online users overview of China’s pet market 2021
As of October 2020, China pet-related influencers have a total reach of 530 million users, with 54.8% of males, 54.2% under the age of 30, and more than 60% users in the third, fourth and fifth-tier cities, according to data from QuestMobile. China Pet Market Active Online Users by Age Group China Pet Market Active […]
How a new pet brand becomes a best-seller in China with US$34 million sales
Pidan, established for five years targeting the cat food and toys market, sells more than 100 million yuan a year on Tmall. Its second-year sales already reached 50 million yuan. How did they achieve that? Pidan products The most expensive cat litter box Ma Wenfei, the founder of Pidan, is 31 years old and may […]
Forecast: China smartphone market in 2021
Thanks to the better market environment under the stable epidemic prevention and control, IDC predicts that the domestic smartphone shipment will grow by 4.6% year on year in 2021, with total shipments of about 340 million units. 2. supply chain instability Potential changes in the market structure have stimulated a new round of the market […]
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 […]