In 2022, 42.9% of advertisers in China expect to increase spending in digital marketing, 25 percentage points more than advertisers expect to reduce spending, according to CTR. China advertising market vs online ad market Advertisers of large enterprises with a budget of 500 million yuan or more are more confident in digital marketing spending. In […]
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 2020, accounting for about 30% of the country’s total retail sales. But scale is not the whole point of the story. Innovation […]
Double 11 (Singles’ Day) Shopping Festival 2021: Alibaba Tmall GVM hit US$84.54 billion
Would Double 11, the biggest shopping event in China, remain the most important shopping festival in 2021? The total amount of GMV this year will be twice that of 2019, reaching about US$85 billion, according to App Annie’s forecast.
Alibaba unveiled 5nm Yitian 710, among China’s most advanced chips
Alibaba Cloud unveiled a new in-house processor design for use in its data centers. The server chips, named Yitian 710, are custom-built by Alibaba Group’s chip development business, T-Head.
China IT security service market overview; more than doubled in 2021
In the first half of 2021, the overall revenue of vendors in the IT security service market in China is approximately US$1.11 billion (about RMB 7.15 billion). The revenue of vendors has doubled compared with the same period last year, with an increase of 110%, or a year-on-year increase of 38% from 2019. China’s IT […]
China National Day Travelers’ Insights 2021
Self-driving tour has become the standard for National Day Golden Week travel in 2021, and the popularity rises by 150% according to Mafengwo. From October 1 to 7, UnionPay online transactions totaled 2.72 trillion yuan, with 4.863 billion transactions, and the average number of daily transactions increased by 31.73% year on year. UnionPay data show […]
Tmall Global cross-border e-commerce insights 2021
The number of brands and merchants on the Tmall Global platform as of December 31, 2020, grew over 60% year-over-year, according to Alibaba’s announced financial results. Merchants Growth on Tmall Global From 2017 to 2020, the number of online businesses on Tmall global grew rapidly, with an average annual compound growth rate of 55.2% In […]
New product online consumption trends in China
More than 60% of brands choose to launch new products online during the past one year, and most choose Tmall, according to a joint report by Yicai and Alibaba. According to the data of the report, in recent years, the total number of new products on the Tmall platform has doubled year by year, and […]
China 618 Shopping Festival 2021: Tmall vs. JD
Alibaba Tmall kicks off 2021’s 618 Shopping Festival on 24 May. This year’s pre-sale activities are obviously ahead of schedule. The balance will be paid on June 1, and the discount will last for 20 days.
A postgraduate turned TikTok entrepreneur to hit US$30M e-commerce sales
Weigh, decompose different raw materials, put the test materials into the machine experiment, and explain the food heat in a few short sentences. This is the consistent routine of Dr. Dika (Low Calorie)’s short video creation. Since its operation in 2019, Dr. Dika has created hundreds of small video clips, attracting nearly 2 million followers […]
Top 500 Chinese brands in 2021; WeChat is China’s and the world’s strongest brand
Chinese brands show resilience as the total value of the top 500 brands in China remains stable at US$1.94 trillion in 2021, according to the latest Brand Finance China 500 ranking.
Top 13 global B2C e-commerce companies by GMV, led by Alibaba and Amazon
COVID-19 generated an increase in demand for online sales of physical goods due to quarantine restrictions imposed in many countries.1 Overall retail sales declined by 1% in a group of seven countries in 2020 included in a UN report while online retail grew by 22%.
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 responsibilities On March 15, China’s State Administration of Market Supervision issued Measures for the Supervision and Administration of Online Market (“New Measures”), which will come […]
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 leader is a partner at Alibaba Dai Shan, who is the eleventh employee of Alibaba and also the president of Alibaba’s B2B business group. […]
China smart speaker market overview 2021
In 2020, the smart speaker market in China sold 36.76 million units, a year-on-year decrease of 8.6%; among them, smart speakers with screens accounted for 35.5% and sales increased by 31.0%, according to data from IDC. Baidu leads the smart speakers (with screens) market, followed by Alibaba and Xiaomi. The overall market share this time […]