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 […]
China is estimated to spend US$77 billion on robots (including drones) by 2022 with a compound annual growth rate (CAGR) of 26.3%, according to the latest IDC Worldwide Semiannual Commercial Robotics Spending Guide.
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 […]
China’s spending on robotics will more than double to $59.4 billion in 2020 from $24.6 billion in 2016 (over half from manufacturing) according to IDC.