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China GDP Grew 8.1% in 2021; Q4 slowed to 4%
According to the preliminary estimates, China gross domestic product (GDP) in 2021 reached 114,367 billion yuan in 2021, an increase of 8.1 percent over the previous year at constant prices with an...
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China’s digital currency eCNY reached 261 million digital wallets
As of December 31, 2021, there had been more than 8.0851 million eCNY (China’s Central Bank Digital Currency or CBDC) pilot scenarios, reaching 261 million personal digital wallets and a total...
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Top 10 Tech Trends in 2022 according to Baidu
Baidu shares top 10 technology trends in 2022 including large-scale pre-training model, AI for science, AI-powered computational biology, integration of quantum hardware and software, autonomous...
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Top forecasts of China’s AI & automation market 2022-2024
By 2022, 80% of China's top 1000 companies will invest in internal learning platforms and third-party training services, and gradually adopt new skills and work style changes brought about by AI. By...
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China Digital Luxury Report 2021
China's post-90s (those born after 1990) are expected to contribute to 46% of China’s luxury purchases in 2021, according to joint research by Tencent Marketing Insight (TMI) and Boston Consulting...
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Using Google Analytics to track Chinese users? Be aware of legal risks
In addition to the accuracy of data collection from mainland Chinese users using Google Analytics (GA), companies may also face legal risks. China's PIPL (Personal Information Protection Law) takes...
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China enterprise SaaS market overview and forecast
After the market recovered in 2018 and the growth fell slightly in 2019, caused by the epidemic, the growth rate of SaaS market rose again in 2020. In 2020, the SaaS market in China reached 53.8...
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6 trends of China’s digital economy innovation
In a relatively short time, China has become one of the world's largest digital economies. Thanks to the support of nearly one billion internet users, China's e-commerce sales rose to $1.7 trillion in...
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Alibaba profit down 75% in Q4 2021
Alibaba’s revenue was RMB242,580 million (US$38,066 million) in Q4 2021, an increase of 10% year-over-year that was primarily driven by the revenue growth of China commerce segment by 7% year-over-year...
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Baidu Q4 2021 on AI, autonomous driving; MAU grown to 607M
Baidu’s total revenues were RMB 33.1 billion (US$5.19 billion) in Q4 2021, increasing 9% year over year. Total revenues in the full year of 2021 were RMB 124.5 billion (US$19.54 billion), increasing...
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Chinese video platform Bilibili MAU up 35% in Q4 2021
Bilibili’s average monthly active users (MAUs) reached 271.7 million in Q4 2021, and mobile MAUs reached 252.4 million, representing increases of 35% and 35% YoY, respectively. Total net revenues in...
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American coffee brand “Blue Bottle Coffee” opened its first store in China
On February 25th, the American coffee brand "Blue Bottle Coffee" opened its first store in mainland China. On the opening day, fans lined up to buy; large number of customers waited outside the store...
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Metaverse trends in China 2022
Computing power, AI, network communication, and blockchain, as the indispensable infrastructure of the metaverse, play a vital role in the later stage development of the metaverse. IDC estimates that...
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Chinese e-scooter maker NIU sales volume up 52% in 2021
Niu Technologies (“Niu”) revenues were RMB 986.1 million in Q4 2021, an increase of 46.7% year over year, according to its financial results. The gross margin was 22.6%, compared with 25.2% in the...
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JD retail business highlights for Q4 2021; revenues up 23%
Annual active customer accounts of Jingdong (JD) increased by 20.7% to 569.7 million in 2021 from 471.9 million in 2020. Alibaba in Q4 2021 During the fourth quarter, JD.com further promoted its...
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Chinese Quora Zhihu MAU exceeded 103 million in Q4 2021
In Q4 2021, China’s Quora Zhihu’s user base continued its rapid growth, with average MAUs increasing by 36.4% year-over-year to 103.3 million. The average MAUs for the year 2021 was 95.9 million,...
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Pinduoduo’s active buyers totaled 869 million in Q4 2021
Pinduoduo platform GMV in the twelve-month period ended December 31, 2021 was RMB2,441.0 billion (US$2,383.0 billion), an increase of 46% from RMB1,667.6 billion in the twelve-month period ended...
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Xiaomi revenue up 34% while profit increased by 70% in 2021
In 2021, Xiaomi’s total revenue for the year reached RMB328.3 billion, an increase of 33.5% year-over-year while adjusted net profit for the year came in at RMB22.0 billion, representing an increase of...
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Tencent highlights for Q4 2021; WeChat MAU 1.27 billion
The number of monthly active users (MAU) of WeChat grew by 3.5% to 1,268.2 million in the fourth quarter of 2021, according to Tencent’s quarterly results. Smart device MAU of QQ decreased by 7.2% to...
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WeChat users & platform insights 2022
Over 330 million of WeChat’s (known as Weixin in China) 1.2682 billion monthly active users use video calling. 780 million users are on the social networking section WeChat Moments and 120 million...
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