Clik here to view.
Top 100 Chinese brands in 2020, led by Alibaba and Tencent
In a year of exceptional pressure on growth, the BrandZ™ Top 100 Most Valuable Chinese Brands gained 12% in value, in the 10th edition of the ranking revealed by WPP and Kantar. The Top 100 Chinese...
View ArticleClik here to view.
Alibaba acquires controlling stake in Sun Art Retail Group with US$3.6 billion
Alibaba today announced it will invest approximately USD3.6 billion in respect of Sun Art Retail Group Limited (Sun Art), a leading hypermarket and supermarket operator in China, that will raise its...
View ArticleClik here to view.
JD paid e-commerce members exceeded 20 million
JD announced last week that JD Plus, its e-commerce paid membership program, has reached over 20 million members, an increase of over 5 million compared with the same time last year. Since launching in...
View ArticleClik here to view.
How JD penetrates lower-tier cities with social e-commerce initiative
Jingdong (JD) has over 2 million WeChat groups for social e-commerce, which it claims to be the largest scale among e-commerce platforms. The pandemic has put it under the spotlight, as social...
View ArticleClik here to view.
Alibaba kicks off Double 11 2020, the largest shopping festival; Alipay to...
Alibaba Taobao kicked off its Double Eleven Global Shopping Festival (“Double 11”), the largest annual shopping festival in China, on 21 October 2020 with new innovations and features to meet rapidly...
View ArticleClik here to view.
China FinTech unicorn Ant Group’s gross profit exceeded US$10 billion in 2020
Ant Group, China’s fintech unicorn behind Alipay, announced that in the first three quarters of 2020, it realized 118.191 billion yuan of operating revenue, with a year-on-year increase of 42.56%. Its...
View ArticleClik here to view.
Report: China Mobile Economy 2020
Chinese operators are leading on growth beyond core services, with non- telecoms services – both for consumers and enterprises – growing at 30% year-on-year in local currency (compared to less than 10%...
View ArticleClik here to view.
China entertainment and media outlook 2020-2024E
Total entertainment and media revenue in China is expected to increase at a compound annual growth rates (CAGR) of 3.6% over the next five years, which is higher than the global average of 2.8%,...
View ArticleClik here to view.
China’s top public cloud platforms in 2020, led by Alibaba, Huawei, Tencent
A recent Forrester report used 33 criteria to rank JD Cloud & AI first in the areas of strategy layout, product capability covering AI and machine learning, infrastructure management and operation,...
View ArticleClik here to view.
Close to 80% of China internet users shop online in 2020
The number of online shopping users in China grew to 749.39 million, accounting for almost 80% of all internet users in China. Mobile shoppers grew to 746.96 million as of June 2020, representing...
View ArticleClik here to view.
China online education market penetration exceeded 40% in 2020
The number of online education users in China skyrocketed in 2020 and reached 380.6 million as of June 30, accounting for 40.5% of internet users. Mobile online education users rose sharply and...
View ArticleClik here to view.
Alibaba to transform BMW’s China business
BMW and Alibaba signed a Memorandum of Understanding (MoU) for a strategic partnership in Beijing this week. Both sides will leverage their own resources, and carry out comprehensive cooperation in...
View ArticleClik here to view.
Short video market trends in China for 2020 (updated)
Internet traffic driven by short videos has become the new battlefield for many players in China. Content marketing enabled by short videos and live streaming has become an integral part of brand...
View ArticleClik here to view.
Top 10 FinTech companies in China in 2020
Ant Group has become the most valuable financial technology enterprise in China with a value of 2.1 trillion yuan. Credit Suisse expects Ant’s revenue to grow at 34% CAGR from 2019-2022e with digital...
View ArticleClik here to view.
China online gaming users hit 540 million in 2020
China online gaming users have grown to about 540 million or 57.4% of total internet users in the first half of 2020. Mobile online games users reached 536 million or 57.5% of total mobile internet...
View ArticleClik here to view.
Alibaba highlights for Q3 2020; active customers reached 757 million
Alibaba reported 881 million mobile MAU in its retail marketplaces with 757 million annual customers in the third quarter of 2020. Its cross-border e-commerce platform Tmall Global saw 37% YoY growth...
View ArticleClik here to view.
5 key trends shaping the Chinese economy, accelerated by COVID-19
In a recent report, McKinsey pointed out five key trends shaping China’s economy, being accelerated by COVID-19 has accelerated. 1. Digitalization COVID-19 has also accelerated digitization of the...
View ArticleClik here to view.
Game streaming platform Huya profit up 75% in Q3 2020
Huya’s total net revenues for the third quarter of 2020 increased by 24.3% to RMB2,814.8 million (US$414.6 million), from RMB2,265.1 million in Q3 2019. Net income attributable to Huya Inc was RMB253.0...
View ArticleClik here to view.
Pinduoduo revenues grew by 89% in Q3 2020
Pinduoduo GMV in the twelve-month period ended September 30, 2020 was RMB1,457.6 billion (US$2214.7 billion), an increase of 73% from RMB840.2 billion in the 12-month period ended September 30, 2019....
View ArticleClik here to view.
XPeng reported revenues growth of over 300% in Q3 2020
XPeng (NYSE: XPEV) reported 8,578 deliveries of vehicles in Q3 2020, representing an increase of 265.8% from 2,345 in Q3 2019 and an increase of 165.7% from 3,228 in the second quarter of 2020....
View Article