The compound annual growth rate for the number of internet users in China for the decade grew at 8.9%, faster than the average growth level of GDP, comparing to 2.6% in the US. The penetration of the internet increased from 28.9% in 2009 to 58.5% in 2018. Assuming the internet penetration could reach as high as […]
Tmall Innovation Center is able to design and incubate products more precisely and efficiently based on data from 600 million consumers. It has successfully incubated over 300 new products covering more than 600 premium brands and also shortens the R&D cycle to 6 months. China’s internet giants are moving actively to offline. Alibaba, Tencent, and […]
China, in just a few years, has made the leap from a nearly unwired country to one of the most wired on earth. This incredible transformation has resulted in one of the most internet-driven economies, and because of China’s sheer size, its e-finance and e-commerce companies are among the world’s largest. Users and economic activity […]
China is expected to invest up to twice as much as the US, or US$658 billion (4.5 trillion yuan) in another five years, in the back end of R&D chain, focusing on translating basic and applied research into commercial products and new manufacturing processes according to BCG.
There are 2,397 billionaires in the world, which represents a 3.1% decline in billionaire population in 2016, the first annual decrease since the global financial crisis according to Billionaire Census 2017 by Wealth-X.
Ever wondering which is the largest if you compare online sales on Cyber Monday in the west with that on China’s largest online shopping day Double 11? Let this inforgraphic tells you.
35% of China’s online shopping consumers bought cross-border products online in 2015, and 73% respondants said the price was the main reason for cross-border shopping according to PayPal and Ipsos research.
China is the world’s largest outbound tourism market and consumption market. Basing on the report initiated by China and surveyed by the World Urban Tourism Federation (WTCF), a total of 109 million Chinese person-trips visited foreign countries in 2014, among which the ratio of women was higher than men by 17 percentage points. The post-80s […]
GBTA expects China to continue to grow its domestic business travel market much more rapidly than the other countries in the world with estimated spending growth of 14.2% in 2015 and 12.1% in 2016. China is poised to overtake the U.S. as the number one business travel market in the world.
According to data from China Tourism Academy, total revenue generated from China inbound tourism market reached $51.646 billion with an increase of 3.27% year on year, ranking 4th in the world, following America, France and Spain in 2013.
More and more Chinese travelers tend to spend their vacation in foreign countries, and the U.S is one popular destination for them. In terms of the number of entries and consumption of Chinese travelers in the U.S, Brandusa estimates China is going to be the largest inbound tourism market for the U.S in 2018.
Chinese citizens’ Tourists Satisfaction Index was 76.98 in Q3 according to China Tourism Academy , which was in a basic satisfaction level (relatively low). The top 3 countries among 24 sample countries with the highest satisfaction were Italy, Singapore and the U.S..