Chinese users’ average daily time spent on mobile internet grew to 6.1 hours per day in December 2020, up 4.9% YoY. And, they opened an average number of 25.7 apps, up from 25 a year ago. China’s mobile internet users saw faster growth in post-70s and post-00s segments while post-90s dropped to 30.3% from 33.1%, […]
JD.com launched “deposit and delivery service” for tire shoppers
JD Auto and JD Logistics jointly introduced the “deposit and delivery service” for tires bought online through the JD.com platform. The announcement is made in conjunction with the launch of JD’s tire shopping festival starting on 18 March 2021. After ordering the tires on JD, customers can send the products to their designated “JD Mini […]
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 […]
70% Chinese enterprises believe China will see V-shaped recovery
More than 60% of Chinese executives say Chinese companies will become more competitive in the face of European and American companies than they used to be. In contrast, 40 percent of North American executives and 45 percent of European executives say the market will be less competitive than China after the outbreak. In recent research […]
Highlights of China’s toughened measures against online markets
E-commerce live streaming videos should be kept for at least three years Special terms for personal information protection It is strictly forbidden to force “picking one from two” Online platform responsibilities On March 15, China’s State Administration of Market Supervision issued Measures for the Supervision and Administration of Online Market (“New Measures”), which will come […]
China wearable device shipment in Q4 2020; Apple has 19% market share
The total shipments of China’s wearable devices reached 30.26 million units in Q4 2020, a year-on-year growth of 7.7%. Apple has about 19% market share in China’s wearable device market, according to data from IDC. Huawei still leads China’s wearable device market with over 22% market share, an increase of 9.4% YoY in total shipments, […]
China online advertising market overview 2020/2021
China’s online advertising market grew over 14% in 2020 to 496.6 billion yuan (about US$76.36 billion). Top industries by total online advertising spend in 2020 are Make & Skincare, F&B, Online Shopping, Transportation, and Education. China’s advertising market will grow 11.2% in 2021 and online segment will grow about 10.5%. Top 10 WeChat Moments ads, […]
Chinese public-listed internet companies: U.S. vs. HK
Hong Kong lists almost 26% of Chinese public internet companies, accounting for 54.6% of their total market value while the United States lists 41.5% accounting for 41.4% of total market value. Nearly one-third of these companies are headquartered in Beijing. 41.5% of Chinese public internet companies are listed in the U.S. while 25.9% in Hong […]
Alibaba steps up for community group buying market in China
Recently, Alibaba has set up an MMC business unit to focus on the community group buying business, integrating the community group buying business of Lingshoutong and Hema Jishi. The business group leader is a partner at Alibaba Dai Shan, who is the eleventh employee of Alibaba and also the president of Alibaba’s B2B business group. […]
How Tencent’s investment strategy made it US$120 billion in 2020
Tencent made a total of about US$120 billion in 2020 through its minority stakes in about 100 listed companies. Such achievements are enough to make any venture capital company in Silicon Valley envious. Tencent is one of the largest and smartest technology investors in the world, holding shares in a range of companies, including Snap […]
China saw 41% less travelers during Chinese New Year 2021
March 8 is the last day of the Chinese New Year 2021. According to the data of the State Council, the total number of passengers sent by railways, highways, waterways, and civil aviation is expected to reach 870.836 million person-trips, 70.9% lower than the same period in 2019 and 40.8% lower than the same period […]
China FMCG markets in 2020/2021; e-commerce up 35%
Under the influence of COVID-19, China’s fast moving consumer goods (FMCG) sales increased by 0.5% in 2020, according to CTR. The home consumption scenario is still the theme of growth The e-commerce platform is committed to experience upgrading, and live streaming with products has entered the track of rational development Different retail formats build a […]
Top e-commerce mobile shopping platforms in China 2021
The monthly active users of China’s mobile shopping market exceeded 1 billion in 2020, according to data from QuestMobile. Top e-commerce platforms Taobao, Pinduoduo, and JD lead the mobile shopping market Taobao Special Offer app made it to top 5 in the lower-tier market The number of active users on grocery shopping mobile apps had […]
China smart speaker market overview 2021
In 2020, the smart speaker market in China sold 36.76 million units, a year-on-year decrease of 8.6%; among them, smart speakers with screens accounted for 35.5% and sales increased by 31.0%, according to data from IDC. Baidu leads the smart speakers (with screens) market, followed by Alibaba and Xiaomi. The overall market share this time […]
China’s tech unicorns overview 2021
The total number of Unicorn enterprises from China is 207 as of December 2020, an increase of 20 or 10.7% over the end of 2019. Beijing and Shanghai account for over 60% of total technology unicorns in China. Over 94% are concentrated in five regions; more than 50% of these enterprises are in five industries. […]