China domestic tourism revenues down 27% in the first three quarters of 2022
China Internet Watch
by CIW Team
1y ago
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 by the Ministry of Culture and Tourism. Among them, the number of domestic tourists of urban residents was 1.599 billion person-trips, down 17.3% year on year; the number of domestic tourists of rural residents was 494 million, down 34.6% year on year. Domestic tourists in the first quarter was 830 million, down 19.0% year on year; Domestic tourists in the second quarter was 625 million, down 26 ..read more
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Tencent launched search ads on WeChat
China Internet Watch
by CIW Team
1y ago
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 promotion goals, including WeChat Official Account promotion, sales lead collection, products promotion, branding events promotion, app promotion, and WeChat Mini Games promotion. WeChat search results on “hotel” and search ads It supports three landing page types, namely, native promotion page, WeChat Mini Program, and custom link. And, based on the search ability of WeChat, WeChat search advertisi ..read more
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Why are Chinese sportswear brands launching coffee products?
China Internet Watch
by CIW Team
1y ago
It is not new for Chinese shoe and apparel brands to get involved in coffee, tea, and even catering products and services. Earlier, some luxury fashion brands tried to sell coffee drinks in the store. According to the information on China Trademark Network, Xtep (China) Co., Ltd. recently applied for the registration of 3 "TE coffee" and 3 "XTEP COFFEE" trademarks. A relevant person from Xtep's marketing department revealed that currently only the flagship store on Chunxi Road in Chengdu City is planned to be opened as a pilot. It will be located on the second floor of the store on Chunxi Ro ..read more
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China household savings increased by over 10 trillion yuan in H1 2022
China Internet Watch
by CIW Team
2y ago
RMB saving deposits increased by 18.82 trillion yuan in the first half of the year, an increase of 4.77 trillion yuan year-on-year, according to data from People's Bank of China. Household saving deposits increased by 10.33 trillion yuan in H1 2022, non-financial enterprise deposits increased by 5.3 trillion yuan, fiscal deposits increased by 506.1 billion yuan, and non-banking financial institution deposits increased by 951.3 billion yuan. In June, RMB deposits increased by 4.83 trillion yuan, an increase of 974.1 billion yuan year-on-year. Household deposits increased by more than 10 trill ..read more
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New energy vehicles exceeded 10 million units milestone in June 2022
China Internet Watch
by CIW Team
2y ago
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 vehicles in China had reached 10.01 million, accounting for 3.23% of the total number of automobiles. 2.209 million new energy vehicles are newly registered in the first half of 2022, an increase of 1.106 million, or 100.26%, compared with the first half of last year. At present, 81 cities in China have more than 1 million cars, an increase of 7 cities year on year. Among them, Beijing has more than ..read more
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Alibaba kicks off Tmall 618 shopping festival 2022
China Internet Watch
by CIW Team
2y ago
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 the pre-sale time during the 618 event, making the official pre-sale an increment for businesses to make a good start. The platform will provide the official pre-sale atmosphere, the official pre-sale venue, and search for recommended resources. On June 18 this year, Taobao simplified the preferential rules and marketing complexity. The discount for cross store full sales was reduced by 20 yuan or ..read more
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China’s edge computing server market forecast 2022-2025
China Internet Watch
by CIW Team
2y ago
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 market in China will reach 22.2%, higher than 20.2% in the world. According to the deployment location, IDC classifies edge computing into several categories: colocation DC, edge cloud DC, Telco network / MEC, industry-specific, and Robo. The intrinsic attribute of distributed deployment determines the diversified characteristics of participants in the edge computing market to a certain extent ..read more
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China smart device market overview 2022
China Internet Watch
by CIW Team
2y ago
Smart Home is the largest smart device segment in China with over 185 million monthly active users, followed by Wearable, Smart Automobile, Smart Accessories, and Smart Health. Huawei Sports is the top smart device app with over 69.07 million MAU, followed by Xiaomi's Mijia app (86 million MAU). Huawei has the largest smart device share of about 28%, followed by Apple, Oppo, Vivo, and Xiaomi. The number of connected IoT devices has reached 9.38 billion in 2021 and is expected to reach about 20 billion by 2025. China IoT market to account for 45% of global spend by 2025  ... Already su ..read more
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Mobile reach in 2022: Tencent, Alibaba, Baidu, ByteDance, Kuaishou
China Internet Watch
by CIW Team
2y ago
Tencent has the highest reach of internet users in China in 2021 (95%) with 442 mobile apps, followed by Alibaba (88%), Baidu (81%), and ByteDance (73%), according to data from QuestMobile. Tencent continues to dominate mobile app usage time though its total share dropped to 35.7% from 39.5% while ByteDance increased its share to 21% from 15.8%. Check out top mobile apps in 2021 ..read more
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Baidu Wins First Driverless Permits in China for Autonomous Ride Hailing Services
China Internet Watch
by CIW Team
2y ago
Baidu received the first-ever permits on 28 April 2022 in China authorizing the company to provide driverless ride-hailing services to the public on open roads in Beijing. This regulatory approval marks a significant milestone for the autonomous ride-hailing industry in China, indicating a regulatory openness to taking a further step toward a fully driverless mobility future. With these permits issued by the head office of the Beijing High-level Automated Driving Demonstration Area (BJHAD), ten autonomous vehicles without drivers behind the steering wheel will offer rides to passengers in a de ..read more
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