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China grocery e-commerce market overview; to grow over 39% in 2020
China's grocery B2C e-commerce transactions totaled 544.94 billion yuan in 2019 and are estimated to exceed 1.38 trillion yuan by 2022. 74.8% of the market is dominated by mainstream e-commerce...
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China saw its first positive growth in consumer retail sales in August 2020
In August, the total retail sales of consumer goods in China totaled 3,357.1 billion yuan (US$496.67 bn), up 0.5 percent year on year, the first positive growth since the beginning of 2020. Among them,...
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Baidu showcases Fully Automated Driving and 5G Remote Driving Service
Baidu displayed Fully Automated Driving during Baidu World 2020 on 15 September 2020, the company’s annual technology conference that was held in cooperation with CCTV. With Apollo’s new Fully...
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Alibaba unveils New Manufacturing digital factory Xunxi
Alibaba Group revealed its New Manufacturing model for the first time with the unveiling of Xunxi Digital Factory (“Xunxi”) on 16 September 2020. Alibaba Xunxi Factory Powered by Alibaba’s cloud...
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SAIC Volkswagenn, Nio lead in New Energy Vehicle Quality in China
SAIC Volkswagen ranks highest in NEV new-vehicle quality among all brands in the PHEV segment in China, followed by BMW, while NIO ranks highest among all brands in the BEV segment, followed by Tesla,...
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Live streaming e-commerce to account for over 20% of China’s online shopping...
With its first appearance in 2016, e-commerce live streaming has been in explosive development period since 2019. Its GMV in 2019 reached 451.29 billion yuan, increasing by 200.4% YoY and accounting...
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Meet China’s blue-collar mobile users
The monthly active mobile users of China's blue-collar population has more than doubled from July 2016 to July 2020, from 15.48 million to 33.79 million, with an average annual growth of 21.5%. In the...
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China’s digital signage market to reach CAGR of 18.5% 2020-2024
China's digital signage market is expected to reach 9.614 million units in 2020 and year-on-year growth of 19.8% in 2021. The compound growth rate of the digital signage market in the next five years...
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Top Chinese Web Browsers in China
Top Chinese Web Browsers in China Google Chrome browser still takes the first place in China’s desktop web browser market in August 2020, accounting for 58.22% of the market share, down 0.3% from...
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Alibaba opening its first Costco competitor store in Shanghai in Oct
Alibaba is launching Hema x Member on the coming National Day 1 October 2020 in Shanghai, the first domestic funded warehousing membership retail brand in China. The first Hema x Member store will be...
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Weibo MAU reached 523 million in June 2020; revenues down 10% in Q2
Weibo’s monthly active users (“MAUs”) reached 523 million in June 2020, a net addition of approximately 37 million users on a year-over-year basis. Mobile MAUs represented about 94% of MAUs, according...
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China luxury consumer behavior study 2020
In 2020, the proportion of ROPO path will account for 62% of luxury product sales in China; and, "online only" will increase from 11% to 30%. China's luxury consumers under the age of 30 increased...
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China installed 140,500 new industrial robots in 2019
Asia remains the strongest market for industrial robots and China rose by 21% and reached about 783,000 units in 2019, according to World Robotics 2020 Industrial Robots report by International...
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China’s third-party mobile payment market grew by 8.8% in Q2 2020
China’s third-party mobile payment market grew by 8.8% to 59.8 trillion yuan in the second quarter of 2020, according to data from iResearch. The number of mobile online payment users has reached 765...
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China’s pets retail market exceeded US$16 bn in 2019 and double by 2024
China's pets retail market reached 108.8 billion yuan (US$16.02 billion) in 2019 and is estimated to grow by 13.6% and reach 123.6 billion yuan (US$18.20 bn) in 2020. It will exceed 222 billion yuan...
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China saw over 618M tourists, US$67B revenues in Golden Week holiday 2020
Netsunion reported a total number of 13.382 billion online payment transactions with a total value of 7.23 trillion yuan during the past eight-day Golden Week holiday in China from 1 October. The...
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S&P Global: Bank disruptors doubling down on mobile payments in China
Users of most payment platforms reported high engagement for mobile payments (around 90% considering the margin of error), with Du Xiaoman Pay users being a notable exception (80%). WeChat Pay users...
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China’s automobile sales up 13% in Sep 2020; NEV up 68%, Tesla among top 3
China’s automobile sales volume in September reached 2.655 million, up 12.8% year-on-year, and the cumulative sales volume from January to September was 17.116 million, down 6.9% year-on-year,...
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China 5G smartphone shipments to reach 140 million in 2020
China’s 5G smartphone shipment is about to reach 140 million units in 2020, and all new models released by major manufacturers in the Chinese market will be 5G mobile phones, according to Counterpoint...
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China’s economy in Q3; GDP grew 4.9%
China’s economic growth of the first three quarters shifted from negative to positive in Q3 2020. According to the preliminary estimates of National Bureau of Statistics of China, the gross domestic...
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