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 years.

But in the Chinese TV market, the “global hegemon” has a market share of just 1.9 percent, compared with 27.9 percent worldwide. Read more ›

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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 an industry that integrates various technologies and empowers various industries. The potential market space of AIoT industry is over 10 trillion yuan. Read more ›

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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 closed tests, to pilot digital yuan red envelopes in Shenzhen, Suzhou and Beijing, the digital yuan pilots have moved from closed internal testing to “semi-open” pilots. Read more ›

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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 annual growth rate of 72.5% for eight years. It is expected to exceed 10 billion yuan in 2021. Read more ›

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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 top seller. Read more ›

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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 of the used car relocation policy and the promotion of used car consumption has attracted much attention. The industry believes that the “landing” of this policy will not only improve the circulation activity and transaction price of China’s used car market, but also further stimulate the total transaction volume of the entire Chinese automobile industry and the development of the upstream and downstream of the automobile industry. Read more ›

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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 up 34.6% and 29.5% respectively from the same period last year. Read more ›

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China’s online literature gets 460 million domestic readers and heats up globally

China Internet Network Information Center (CNNIC) recently released the 47th “Statistical Report on Internet Development in China” in Beijing. The report shows that as of December 2020, the size of China’s Internet users reached 989 million, an increase of 85.4 million from March 2020, and the Internet penetration rate reached 70.4%. Read more ›

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Have China’s neurointerventional devices failed en masse? Domestic companies have only about 10% market share

Before the local neurointerventional device companies in China have been able to grow up, there has been a divergence in the development path.

After more than ten years of development, the market share of domestic neurointerventional companies in China is only about 10%. Harsh critics argue that they have collectively failed because the companies prioritized more product launches and short-term financial returns rather than achieving breakthroughs in product quality. Read more ›

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Three reasons why Zara and other foreign fast fashion brands failed in China

The golden age of ZARA in the Chinese market has quietly come to an end. The latest news is that Bershka, Pull&Bear and Stradivarius, sister brands of Spanish fast fashion brand Zara, which are “benchmark” of global fast fashion, will completely exit the offline market in China by the middle of 2021. Read more ›

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