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Mobile phone subscribers in China reached 1.59 billion in 2020
The turnover of telecommunication services in China totaled 13,675.8 billion yuan in 2020, up by 28.1 percent over the previous year, according to the National Bureau of Statistics of China. By the end...
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China value retailer Miniso revenues down over 18% in Q4 2020
The value retailer Miniso stores increased to 4,514 as of December 31, 2020, from 4,211 as of December 31, 2019 and 4,330 as of September 30, 2020. Miniso expanded its business into two additional...
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Nio’s total vehicle sales grew 106% to over US$2.3 billion in 2020
Deliveries of the Nio ES8, ES6 and EC6 were 7,225 vehicles in January 2021 and 5,578 vehicles in February 2021, representing strong 352% and 689% year-over-year growth, respectively, according to its...
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Top e-commerce mobile shopping platforms in China 2021
The monthly active users of China's mobile shopping market exceeded 1 billion in 2020, according to data from QuestMobile. Top e-commerce platforms Taobao, Pinduoduo, and JD lead the mobile shopping...
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China FMCG markets in 2020/2021; e-commerce up 35%
Under the influence of COVID-19, China's fast moving consumer goods (FMCG) sales increased by 0.5% in 2020, according to CTR. The home consumption scenario is still the theme of growth The e-commerce...
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Profile of Zhihu: China’s Quora, a top content community
Launched in 2011, Zhihu is the largest Q&A online community and one of the top five comprehensive online content communities in China, both in terms of average mobile MAUs and revenue in 2020,...
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How Tencent’s investment strategy made it US$120 billion in 2020
Tencent made a total of about US$120 billion in 2020 through its minority stakes in about 100 listed companies. Such achievements are enough to make any venture capital company in Silicon Valley...
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Alibaba steps up for community group buying market in China
Recently, Alibaba has set up an MMC business unit to focus on the community group buying business, integrating the community group buying business of Lingshoutong and Hema Jishi. The business group...
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JD.com annual customers grew 30% to 472 million in 2020
Jingdong (JD.com) annual active customer accounts increased by 30.3% to 471.9 million in the 12 months ended December 30, 2020, from 362 million in 2019. In comparison, Pinduoduo’s annual active...
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Chinese public-listed internet companies: U.S. vs. HK
Hong Kong lists almost 26% of Chinese public internet companies, accounting for 54.6% of their total market value while the United States lists 41.5% accounting for 41.4% of total market value. Nearly...
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China online advertising market overview 2020/2021
China's online advertising market grew over 14% in 2020 to 496.6 billion yuan (about US$76.36 billion). Top industries by total online advertising spend in 2020 are Make & Skincare, F&B,...
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China’s retail sales up 33.8% in the first 2 months of 2021; online reaching 21%
From January to February 2021, the total retail sales of social consumer goods in China reached 6,973.7 billion yuan, a year-on-year increase of 33.8%; compared with the first two months in 2019, it...
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China wearable device shipment in Q4 2020; Apple has 19% market share
The total shipments of China's wearable devices reached 30.26 million units in Q4 2020, a year-on-year growth of 7.7%. Apple has about 19% market share in China's wearable device market, according to...
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Highlights of China’s toughened measures against online markets
E-commerce live streaming videos should be kept for at least three years Special terms for personal information protection It is strictly forbidden to force "picking one from two" Online platform...
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Beike, China real estate tech giant’s total transactions up 64.5% in 2020
KE Holdings or Beike (NYSE:BEKE), China’s leading real estate platform, saw 65.4% YoY growth in the total gross transaction value (GTV) to RMB1,120.0 billion (US$171.6 billion), according to its...
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Pinduoduo revenues almost doubled in 2020; more active buyers than Alibaba
Pinduoduo’s reported fourth-quarter revenue topped analyst estimates, as China’s social e-commerce platform pledged to make basic necessities more affordable and set a goal to become the world’s top...
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70% Chinese enterprises believe China will see V-shaped recovery
More than 60% of Chinese executives say Chinese companies will become more competitive in the face of European and American companies than they used to be. In contrast, 40 percent of North American...
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Alibaba to launch WeChat Mini Program for Taobao on Tencent
Alibaba plans to launch a WeChat Mini Program for Taobao Special Offer, a shopping platform dedicated to reaching consumers in lower-tier Chinese cities and will soon launch enable WeChat Pay. Alibaba...
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Weibo MAU reached 521 million in Dec 2020
Weibo’s monthly active users (“MAUs”) reached 521 million in December 2020, a net addition of approximately 5 million users on a year-over-year basis. Mobile MAUs represented about 94% of MAUs,...
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Burberry co-created mobile game skins for Honor of Kings with Tencent
In Honor of Kings’ first co-creation with a luxury brand, Burberry Chief Creative Officer Riccardo Tisci has exclusively designed two skins for the mobile game’s popular heroine, Yao. Centered around...
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