Artificial intelligence in China: from manufacturing hub to global tech innovator
Over time, China is gradually moving away from its cheap-mass-production-based economy and is progressing up the value chain toward the innovative field, especially in high-tech. In particular, Artificial Intelligence (AI) in China has emerged as a pivotal domain of innovation, becoming a critical factor in different segments of the economy. China has become a global […]
Over 82% of new homes in China utilize smart home systems
Homes in Chinese cities are getting smarter and smarter. From fingerprint locks to vacuum robots and smart pet sitters, big data and AI-based smart home assistance system is gradually entering the average Chinese households. Due to the fast-growing loT (internet of things) market, along with government support and the increasing awareness of advanced technology among […]
Beijing focuses on edge computing in China: 7 of the top 10 edge computing patent submitting orgs are Chinese
The Chinese edge computing industry is a relatively young market. Edge computing is a form of computation that is performed on-site or adjacent to a specific data source, which minimizes the need to process data remotely in the data center. Edge computing can be used in many ways, including security and medical monitoring, self-driving cars, […]
Autonomous driving in China: Shifting the car industry from products to services
The advent of autonomous driving in China has already provoked fundamental changes in the country’s automotive industry. For example, so-called robo-taxis are now commercially operating on Chinese streets in 2021. These vehicles drive fully autonomously, transporting passengers without human drivers. Autonomous vehicle (AV) sales in China are expected to exceed 33 million in 2040, approximately […]
Holographic communication in China: The future of offline advertising
Holographic communication in China is increasingly common for museums, exhibition halls, theme parks and, what is important, for advertising. To see the new advertising in China you don’t even need to wear any special glasses, as it is becoming a part of our life. The cost of holographic advertising varies according to different characteristics. The […]
The many faces of virtual influencers in China: Vocaloids, KOLs, KOCs, idols and brand ambassadors
L’Oréal announced their branded virtual idol for the brand’s Chinese fans, Mr Ou. L’Oréal is not the only brand to invest in a virtual ambassador, virtual influencers in China are a growing phenomena. In fact, by 2023, China’s virtual KOL market is expected to be worth RMB 1.5 billion according to South China Morning Post. […]
XPENG: a Chinese EV maker’s “Internet DNA”
XPENG, or Xiaopeng Motors, is one of the hottest Chinese electric vehicle manufacturers, which gains its popularity from its technological innovations. After surges of Tesla and NIO stocks, two of the most discussed EV brands globally, XPENG’s stock’s exponential growth in November also caught investors and the general public’s attention. Compared to Tesla and NIO, XPENG […]
5G development in China: covering more industries and cities in 2020
The Chinese internet reaches 900 million people, most of which are mobile users, setting the foundation for success in 5G development. Forecasts show that Chinese 5G users will reach 650 million by 2023, covering around 40% of the Chinese population. Additionally, the government views 5G development in China as crucial to the country’s tech sector […]
8 Chinese EdTech start-ups leading the global educational technology industry
Educational technology is an often overlooked global phenomenon. In 2015, global EdTech companies took in more than $2.98 billion across 442 deals, and global EdTech funding jumped a whopping 58% in 2015 from the previous year. The global market is projected to grow at 17.0% per annum, to $252 billion by the year 2020. Asia is […]
China’s recovery from the Coronavirus outbreak
The Coronavirus’ impact on the Chinese economy hit some industries more than others. While some businesses still struggle to recover from shutdown; there is clear evidence for hope in China’s recovery from the Coronavirus. The Economist Intelligence Unit predicts China will be one of three G20 nations without an economic recession. Current predictions of China’s […]
The Virtual reality market in China
Why VR brands should keep an eye on the Chinese market When it comes to virtual reality (VR), all eyes are on China. Indeed, its market is developing far faster than anywhere else. An infographic made by Daxue Consulting shows that within four years, the world VR market will grow by 1000 %. In 2020, […]
Daxue Talks transcript #54: The Coronavirus crisis’ repercussions on fintech in China
The Coronavirus crisis’ repercussions on fintech in China In this episode of Daxue Talks, Steve Hopkins, a China’s fintech specialist, discusses the Coronavirus crisis’ repercussions on fintech in China. Hi everyone, my name is Steve Hopkins. I’ve been operating within the Chinese fintech industry for the past several years, working at Chinese hedge funds, robo […]