Blog Archives

China’s sharing economy saw 3377.3 billion yuan in transactions in 2020, with shared accommodation and offices falling sharply

On Feb 19, the State Information Center of China officially released “China’s Sharing Economy Development Report 2021”, the sixth annual report since it was first released in 2016. According to the report, in 2020, under the impact of the Covid-19

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China’s second-hand luxury goods market heats up, appraiser and other jobs become “hot”

Statistics show that China’s personal luxury market grew 48 percent year-on-year to nearly 346 billion yuan in 2020. During the Spring Festival consumption peak season, the growth of personal luxury goods consumption also drives the second-hand luxury goods market.

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India built 100 million toilets and 700 million people cannot use them, but China has succeeded

You might not expect to find that you spend about three years of your life in the toilet, which is why it’s called “the big little thing”. Toilet use is not only about individuals, but also about millions of families.

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Foreign TV brands account for only 1.9% of China’s market share

More than 49 million Samsung TVs are expected to be sold globally in 2020, up 11.2% from last year, according to data released by research firm Omdia. So far, Samsung TV sales have been the world’s largest for 15 consecutive

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China AIoT industry outlook and forecast report 2021

In the new era of infrastructure, IoT and AI are deepening their integration. According to the analysis, more than 60% of the Internet of Things projects more or less have artificial intelligence elements. AIoT (Artificial Intelligence of Things) industry is

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China’s digital yuan speeds up: expanding pilot areas and exploring cross-border payments

After several years of research and design, China’s digital yuan (also known as digital RMB or digital Renminbi) officially moved from concept to pilot in 2020. From Shenzhen, Suzhou, Xiong’an New District, and Chengdu to take the lead in internal

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Chinese e-cigarette and vape market outlook and forecast report 2021-22

The E-cigarette has become an innovative electronic consumer good, increasingly popular in the world. According to data from iiMedia Research, China’s e-cigarette market was 550 million yuan in 2013 and increased to 8.38 billion yuan in 2020, with a compound

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Chinese foundry giant BYD rises to second only to Foxconn in the world

Apple’s iPad has long been a leader in the tablet industry because of its systems and quality. According to the latest data from IDC, the iPad accounted for 32.6 percent of the tablet market last year, making it the world’s

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Chinese used car market to undergo major changes as China lifts restrictions on relocation of used cars

The General Office of the Ministry of Commerce of China released the “Guidelines for Promoting Auto Consumption in the Commercial Sector” (hereinafter referred to as “Guidelines”) on February 9 to promote auto consumption in China. Among them, the comprehensive abolition

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Chinese car chip makers make breakthroughs as chip shortage affects car production

According to data released by the China Association of Automobile Manufacturers (CAAM) on February 9, vehicle production and sales in China in January reached 2.388 million and 2.503 million vehicles, down 15.9% and 11.6% respectively from the previous month, and

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