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China Internet Watch
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China Internet Watch Oct 22
China FinTech unicorn Ant Group's gross profit exceeded US$10 billion in 2020, an increase of 74.28%
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China Internet Watch Oct 21
Alibaba kicks off Double 11 2020, the largest shopping festival; Alipay to play a key role. This year, more than 2 million new products will be introduced
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China Internet Watch Oct 20
JD paid e-commerce members exceeded 20 million. The alliance of brands covered by the membership has also been expanded to cover 730 brands
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China Internet Watch Oct 20
Unlike traditional e-commerce shopping, social group e-commerce combines shopping with social interaction. Check out how penetrates lower-tier cities with social e-commerce initiative
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China Internet Watch Oct 19
Top 100 Chinese brands in 2020, led by Alibaba and Tencent. 16 newcomers this year, led by Douyin (TikTok’s Chinese brand, no.14) and Pinduoduo (no.23; $9.5 billion). Check out the full list:
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China Internet Watch Oct 18
Alibaba acquires controlling stake in Sun Art Retail Group with US$3.6 billion. Sun Art operates 481 hypermarkets and 3 mid-size supermarkets in China
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China Internet Watch Oct 18
China's economy in Q3; Q1 GDP: -6.8%; Q2: +3.2%; Q3: +4.9% See details in dif sectors:
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China Internet Watch Oct 18
China saw its 1st +ve quarterly growth in consumer retail sales in Q3 2020. Online retail sales Q1-Q3 exceeded 8 trillion yuan, a year-on-year growth of 9.7%
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China Internet Watch Oct 14
China 5G smartphone shipments to reach 140 million in 2020. The average selling price of China’s smartphone market rose the highest, reaching 13%
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China Internet Watch Oct 14
China's automobile sales up 13% in Sep 2020; NEV up 68%, Tesla among top 3
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China Internet Watch Oct 13
94% of respondents polled in the survey revealed Alipay usage, whereas WeChat Pay’s adoption came in slightly lower at 90%
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China Internet Watch Oct 12
China saw over 618M tourists, US$67B revenues in Golden Week holiday 2020. Post-90s and post-00s account for over 60% of all tourists during this year’s National Day holiday
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China Internet Watch Oct 7
China’s 3rd-party mobile payment market grew by 8.8% in Q2 2020. Top 2 have a combined market share of over 94%.
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China Internet Watch Oct 7
China’s pets retail market reached US$16 billion in 2019 and is estimated to exceed US$32 bn in 2024.
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China Internet Watch Oct 7
China installed 140,500 new industrial robots in 2019; the United States No. 3, 33.3K
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China Internet Watch Oct 5
Nio's vehicle deliveries increased by over 154% in Q3 2020. So far, NIO delivered 26,375 vehicles in 2020 in total, increasing by 113.7% year-over-year.
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China Internet Watch Sep 30
China’s luxury consumers under the age of 30 increased to 50%, and the contribution of expenditure increased to 47%
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China Internet Watch Sep 28
China's digital signage market to reach CAGR of 18.5% 2020-2024
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China Internet Watch Sep 28
Alibaba Hema’s first Membership Club is opening this week
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China Internet Watch Sep 23
Momo, Xiaohongshu, and Tantan are the top mobile social networking apps among the blue-collar mobile users in China
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