Baidu to build 5 million intelligent cloud servers by 2030, China has seen fast growth in its livestreaming industry over the past years, ByteDance made $5.6 billion in Q1, Alibaba Pictures to delist from Singapore Exchange, Huawei to get green light for $500m R&D center in UK, China’s TZTEK Technology to buy German chip tester for USD20.4 million

China Digital Trends

#65: Alibaba & JD saw combined GMV of over $136 billion in mid-year shopping event

A quick introduction to 618 and first day sales

#64: China’s largest mid-year shopping festival; first day performance of Taobao and JD

Xpeng files for US IPO, online marketplace for artists and collectors filed for IPO, Netease aims to raise $2-$3 billion in Hong Kong listing, Alibaba's online market to sponsor 100,000 influencers worldwide, TikTok user spending hits USD 78 million in April, Amazon unveils its first solar power project in China

#63: TikTok user spending exceeds YouTube, Tencent in talks to buy Warner Music stake

NASDAQ to delist China's biggest Starbucks rival Luckin Coffee, Bytedance is forming a car infotainment team, Zoom suspends new free user registrations in China, Ant Financial’s MYbank to extend USD1.4 billion in interest-free loans to small businesses

#62: WeChat helped create 29 million jobs, Weibo MAU grew to 550 million

Business operation highlights for Baidu and Bilibili in Q1 2020

#61: Q1 highlights for Baidu, Bilibili, Sogou

Chinese e-commerce upstart Pinduoduo has overtaken rival JD.com to become China’s second most valuable online retailer after Alibaba, following a 5.26% rise in its shares on Tuesday

#60: Baidu to Empower Content Creators, Pinduoduo overtaken JD, WeChat MAU exceeded 1.2 billion

ChinaJoy Game Anime Expo to Go Ahead, BMW to invest $620M in Shenyang, cloud computing company Kingsoft surges 40% on IPO day, Dior unveils AI skin-testing tool, China to Give Foreign Banks’ Local Branches Access to Fund Custody Licenses

#59: Alibaba.com launches global online trade show; SF Express enters food delivery sector

Alibaba's Double Five shopping festival in Shanghai, grocery e-retail brand Hema Fresh, U.S. drafts rule to allow Huawei and U.S. firms to work together, Bilibili’s market capital increased USD 480 million in one day, Inspur wades into Japan’s USD 5 billion market

#58: China tourism income down 60%, China’s e-sports market tops US$16.6 bn in 2019

China has overtaken Japan to emerge as the second-largest wealth market, with an estimated 2.3 million high net worth individuals

#57: China has 560M live streaming users, 768M Online Payment Users as of Q1

Huawei's Hisilicon chip unit overtook U.S. semiconductor giant Qualcomm to be the biggest mobile phone chip supplier in China for the first time, Chinese brands accounted for about 61% of global 5G smartphone shipments in Q1, Tencent buys 5% stake in Australian buy-now-pay-later firm Afterpay, Chinese mobile games accounted for 19 of the top 100 highest-grossing games in the US, Didi Chuxing has reopened all of its mobility services in Wuhan, Tesla unveils new price cuts

#56: JD.com and Cloudflare join forces, TikTok surpasses 2 billion downloads

MYbank, a digital bank under Ant Financial Services Group, served 20.87 million small and micro businesses (SME) in China as of the end of 2019, an increase of 70% YoY, according to its annual report.

#55: Ant Financial’s digital bank net profit up 91% in 2019

Smartphone maker Transsion profit up 173% in 2019, Bitcoin-mining machine maker Ebang files for U.S. IPO, JD.com files for secondary listing in Hong Kong, China is expanding listing reforms, Alibaba Cloud 3rd biggest global provider for IaaS, Tencent to take over China’s game livestreaming market

#54: Alibaba demotes Taobao chief, Ant Financial digital bank MYbank serves over 20 mn SMEs in China

AutoX trialing its “robotaxi” service in Shanghai, Tesla escalates battle against Chinese EV maker Xpeng, Starbucks has entered a strategic partnership with Sequoia Capital China, ByteDance ordered to suspend office app Feishu

#53: Alibaba invests in Apple retailer Aisidi, Huawei and ZTE have >80% of China’s 5G contracts

JD.com and Volkswagen collaborate for vehicle-mounted smart system, Shanghai has become a major force behind the adoption of e-commerce live-streaming, China will launch an online shopping festival

#52: job postings in China down 24% in Q1

iFlyTek reported a loss in Q1, Online education firm sees spike in userbases, China plane tickets fall 30%, Alibaba & JD offer bookings for COVID-19 tests

#51: Pinduoduo is investing over US$7 billion over the next 5 years in China’s rural areas

China Digital Trends podcast by Rocky Fu covers the latest digital landscape in China including the popular applications, technology updates, social media, etc.

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China Digital Trends

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