China wearable device shipment down 23% in Q2 2022
In the second quarter of 2022, the shipment of China's wearable devices market was 28.57 million units, a year-on-year decrease of 23.3%, according to data from IDC. Among them, the earphone market...
View ArticleChina Fashion Industry in the Next Decade
The domestic demand for shoes and clothing in China has continued to grow rapidly and has leaped to the largest single footwear and clothing consumer market in the world, accounting for a quarter of...
View ArticleTop 3 private traffic platforms for merchants in China
WeChat, Alipay, and short video platforms (Douyin, Kuaishou, etc) have become the most important platforms for Chinese merchants' private traffic operation according to a report from iResearch. More...
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Alibaba to shorten presale period of this year’s Double 11 festival
This year, Alibaba’s Tmall Double 11 pre-sale will start at 8:00 p.m. on October 24. Compared with the pre-sale started on October 20 or 21 in previous years, the pre-sale time of this year’s Double 11...
View ArticleChina GDP 3.9% in Q3 2022
According to preliminary estimates of the National Bureau of Statistics of China, the gross domestic product (GDP) in the first three quarters reached 87,026.9 billion yuan, up by 3.0 percent year on...
View ArticleChina smartphone shipment in Q3 2022; total shipments down 12%
In the third quarter of 2022, the Chinese smartphone market shipped approximately 71.13 million units, down 11.9% year-on-year, according to data from IDC. Although the decline narrowed for the first...
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Tencent launched search ads on WeChat
The WeChat advertising team announced the launch of WeChat search advertising on 3 November 2023, which supports competitive promotion capabilities. According to WeChat, search ads will support six...
View ArticleChina has 67% market share in the world’s new energy vehicles market in Sep
From January to September 2022, the sales volume of generalized new energy vehicles in China reached 9.98 million, including 2.76 million hybrid vehicles, accounting for 28%, according to Passenger...
View ArticleTencent highlights for Q3 2022
The number of monthly active users (MAU) of WeChat grew slightly to 1,308.9 million in the third quarter of 2022, according to Tencent’s quarterly results. Smart device MAU of QQ was 574.4 million....
View ArticleShort video app Kuaishou e-commerce GMV up 27% in Q3 2022
The average DAUs on Kuaishou app was 363.4 million in Q3 2022, representing an increase of 13.4% YoY from 320.4 million in Q3 2021. The average MAUs on Kuaishou app were 626.0 million in Q3,...
View ArticleChina domestic tourism revenues down 27% in the first three quarters of 2022
In the first three quarters of 2022, the total number of China’s domestic tourists reached 2.094 billion person-trips, a year-on-year decrease of 595 million or 22.1%, according to a survey conducted...
View ArticlePinduoduo revenues up 65% in Q3 2022
Pinduoduo’s total revenues in the third quarter were RMB35,504.3 million (US$1 4,991.1 million), an increase of 65% from RMB21,505.8 million in the same quarter of 2021. Operating profit in the quarter...
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