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JD Worldwide saw 194% growth in Black Friday cross-border sales in 2020
Black Friday has become a shopping festival of imported products in China. On November 27th, sales of JD Worldwide, JD.com's cross-border e-commerce platform, increased by 194% YoY. On JD Worldwide’s...
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Mini Program platforms: WeChat vs. Alibaba vs. Baidu
Mini Programs (MP) are light applications designed to run on top of a specific mobile app. Top technology companies in China have designed and run their own mini-program framework; and, the most...
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WeChat Mini Programs overview 2020; MAU up 2.5% to 832 million
The number of monthly active users of WeChat Mini Programs has exceeded 832 million (as of September 2020) according to data from QuestMobile. The average time spent per user on WeChat Mini Programs...
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Baidu earns first permit for fully driverless road tests in Beijing
Baidu Apollo was granted permission by Beijing transportation authorities for five of its vehicles to conduct fully driverless road tests. The announcement makes Baidu the first and only company...
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Baidu holds the most AI-related patents in China
Baidu (NASDAQ: BIDU) holds the most AI-related patents and has filed the most AI-related patent applications of any company or organization in China, according to a recent study published by China's...
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How’s Alibaba Taobao Double 12 different from the Singles’ Day campaign?
Double 11 in November is the largest shopping festival in China and Alibaba promotes it with Tmall platform. Double 12, following Double 11 in December, is also an important annual campaign for...
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China accounted for 29% of global semiconductor manufacturing equipment...
In the third quarter of 2020, the global sales of semiconductor manufacturing equipment totaled US$19.4 billion, an increase of 30% year-on-year and a 16% increase compared with the second quarter....
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Baidu released intelligent vehicle solutions for automakers in China
Baidu yesterday released new intelligent vehicle solutions for automakers and several high-end intelligent driving products during the second Apollo Ecosystem Conference, reinforcing the company's...
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Meet JD Health, China’s largest online medical consultation platform
As JD Health’s listing on the Hong Kong Stock Exchange begins trading this week, the company is offering one month of free broadcasts by renowned doctors and medical experts. JD Health is a subsidiary...
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Fortune picked 12 Chinese companies as the top 50 well positioned for growth
12 Chinese companies made it to the Future 50 index this year. Alibaba and Tencent made it to the list but the top 3 highest-ranked Chinese companies are TAL Education Group, WuXi AppTec, and...
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China’s automobile sales expected to reach 25 million units in 2020
In November this year, China’s domestic automobile production and sales volume were 2.847 million and 2.77 million respectively, with a month on month increase of 11.5% and 7.6%, and year-on-year...
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China saw first online payment using Digital Currency Electronic Payment
China’s first online order by Digital Currency Electronic Payment (DECP) was made by a Suzhou online shopper at JD.com on December 11, right after Suzhou’s government kicked off the Double 12 shopping...
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China surpassed North America in global smartwatch shipment in Q3 2020
The global smartwatch shipments increased 6% in Q3 2020 compared to the same period last year according to Counterpoint Research. Apple remained the market leader, increasing its share by 2 percentage...
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Pinduoduo launched its own payment platform
Pinduoduo launched its mobile payment platform Duoduo Wallet last week. It takes only three steps to activate Duoduo Wallet, which takes less than 30 seconds. This impressive registration process is...
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Top 10 forecasts for China’s financial services industry in 2021
By 2022, 75% of consumer and small business loans will be made through automated processes supported by artificial intelligence, according to a forecast from IDC. Check out IDC's top 10 forecasts for...
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Top 10 forecasts of China’s manufacturing industry 2021
50% of China's top 2000 enterprises will use AI to develop risk-based operational decision guidance and insight; the time to market will be reduced by 55%, according to forecasts from IDC. 1. AI risk...
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China’s smart home device shipments decreased by 2.5% in Q3 2020
In the third quarter of 2020, China's smart home device shipments reached about 51.12 million units, a year-on-year decrease of 2.5%, according to data from IDC. The market downturn was mainly...
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China retail sales grew 5% in Nov 2020; online over 25% of total
In November 2020, China’s total retail sales of consumer goods reached 3,951.4 billion yuan (about US$600.70 bn), up 5% year-on-year, 0.7 percentage point faster than that of the previous month. The...
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Chinese independent musicians on NetEase Cloud Music doubled in 2020
NetEase Cloud Music announced its new “Music Talent” initiative on 17 December 2020 to leverage its competitive edge as a community to connect, inspire and engage quality content creators to cater to...
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China’s edge computing server market forecast 2020-2024
In the first half of 2020, China's edge computing server market was about US$1.113 billion and is expected to reach US$2.782 billion at the end of 2020, an increase of 20.6% compared with the same...
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