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JD retail business highlights for Q1 2022; revenues up 18%
JD.com’s annual active customer accounts increased by 16.2% to 580.5 million in the twelve months ended March 31, 2022, from 499.8 million in the twelve months ended March 31, 2021. In the first...
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China’s edge computing server market forecast 2022-2025
China's edge computing server market reached US$3.31 billion in 2021, an increase of 23.9% over 2020. IDC predicts that from 2020 to 2025, the annual compound growth rate of the edge computing servers...
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Alibaba kicks off Tmall 618 shopping festival 2022
Tmall 618 2022 pre-sale will officially open at 8 p.m. on May 26. The first wave of rush buying starts at 8 p.m. on May 31 and the second wave starts at 8 p.m. on June 15. This year, Taobao increased...
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Alibaba had over 1.3 billion active consumers in Q1 2022
Alibaba’s China consumer-facing businesses, including those in China commerce, local consumer services, and digital media and entertainment segments, generated GMV of approximately RMB7,976 billion...
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Baidu Q1 2022 on AI, autonomous driving; Baidu app MAU up 13%
Revenues from Baidu Core remained healthy with non-ad revenues increasing by 35% year over year, driven by Baidu AI Cloud, which grew 45% year over year in the first quarter of 2022. Baidu Operation...
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Short video app Kuaishou e-commerce GMV up 48% in Q1 2022
The average DAUs on Kuaishou app was 345.5 million in Q1 2022, representing an increase of 17% YoY from 295.3 million in Q1 2021. The average MAUs on Kuaishou app were 597.9 million, representing an...
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Pinduoduo’s active buyers totaled 882 million in Q1 2022
Pinduoduo’s total revenues in the first quarter were RMB23,793.7 million (US$13,753.4 million), an increase of 7% from RMB22,167.1 million in the same quarter of 2021. The number of average monthly...
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Chinese Quora Zhihu highlights in Q1 2022
In Q1 2022, China’s Quora Zhihu’s user base discontinued its rapid growth, with average MAUs increasing by 19.4% year-over-year to 101.6 million (103.3 million MAU in the previous quarter). The average...
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AR, VR trends in China 2021-2026; consumer segment accounts for 40%
The five-year CAGR of the Chinese market is expected to reach 43.8%, ranking first in the world. VR games will continue to lead the VR market with a share of more than 30%. According to IDC's latest...
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How Watsons China’s online sales almost doubled in 2021
Watsons China's total revenue in 2021 was HK$22.77 billion, a year-on-year increase of 14%, the largest increase in the past five years. Watsons' online sales increased by 94%, providing a strong...
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China Internet of Things market forecast 2021-2026
In 2021, the global Internet of Things (enterprise-level) expenditure reached $690.26 billion and is expected to reach $1.1 trillion in 2026, with a five-year (2022-2026) compound growth rate (CAGR)...
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China wearable device shipment down 7.5% in Q1 2022
In the first quarter of 2022, China's wearable device Market shipped 25.84 million units, a year-on-year decrease of 7.5%, according to data from IDC. In the first quarter of 2022, the earwear...
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Top Chinese liquor brand Moutai starts selling ice cream
Selling ice cream in Maotai is not a fad, but a long plan. Maotai has initially launched three flavors of ice cream: original, vanilla, and tiramisu, selling at 39 yuan (US$5.8). According to its...
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China’s commercial service robot market overview 2022
In 2021, China's commercial service robot market reached US $84 million (about RMB 540 million), with a year-on-year growth rate of 110.4%, according to data from IDC. Keenon Robot, Pudu Tech, CSJ...
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JD.com launched a cross-border B2B platform targeting overseas merchants
JD Worldwide, the international business of JD.com (Jingdong), launched a cross-border B2B platform Joybuy on June 18 2022. Joybuy connects overseas merchants with high-quality Chinese factories...
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China digital transformation spending forecast 2021-2026
The Chinese government's digital economy related planning during the 14th Five Year Plan period provides good policy and financial support. The total digital economy related investment in the next...
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Alibaba Cloud launched SaaS platform to help companies achieve carbon...
Alibaba Cloud has launched a software-as-a-service (SaaS) product Energy Expert, a sustainability platform to help customers worldwide measure, analyze and manage the carbon emissions of their business...
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China shipped 257,000 VR headsets in Q1, up 14.8%
In the first quarter of 2022, 3.563 million VR head-mounted displays were shipped worldwide, of which Oculus accounted for 90% of the global VR market. China shipped 257,000 VR headsets, with a...
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New energy vehicles exceeded 10 million units milestone in June 2022
By the end of June 2022, the number of automobiles in China has reached 406 million, of which the number of new energy vehicles has exceeded 10 million. As of the end June, the number of new energy...
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Health has become a top factor for Chinese consumers’ food purchase
Chinese purchase of food, detergent, and other necessities requires a high brand trust from customers and indicates characteristics of high purchase frequency and strong user stickiness, according to...
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