So, just starting from China, TikTok has its origin there, but the name in China is actually called, Douyin. It was a huge success there in China. We forecast that the number of billion users in China will actually surpass WeChat in 2025. In a couple of years. They got into short video, of course, from the start, and then they gradually move into social commerce.
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| Sep 25, 2023
Chinese smartphone manufacturers like Honor are challenging the status quo with innovative design and competitive pricing. Honor Magic V2 (Source: Honor).
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| Sep 5, 2023
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| May 5, 2023
Source: Insider Intelligence | eMarketer
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| May 4, 2023
Source: EMARKETER Forecast
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| May 4, 2023
Source: Insider Intelligence | eMarketer
People’s Bank of China. PYMNTS.com. Ripple.
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| Dec 16, 2022
How companies with ties to China, like Temu, Shein, and TikTok, are influencing US ecommerce. Shein claims it recorded its highest profit ever in the first half of the year. 3 retail rivalries that aren’t Amazon vs. Walmart.
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| Sep 15, 2023
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| Apr 25, 2023
Source: Insider Intelligence | eMarketer
I think that there's a road here, a political road, that TikTok has got to take that is a difficult one, because it's owned by ByteDance and China and so forth, and global tensions, I think that'll take a while to suss out. I think, though, at a literal level, is TikTok Shop going to explode? Yes. Without a doubt.
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| Jan 23, 2024
Shoppers looking specifically for cheap Chinese goods can stick with apps like Temu and Shein. Livestream ecommerce still hasn’t taken off in the US. Livestreaming made TikTok’s sister app Douyin a retail success in China, where we forecast shoppers will spend $234.75 billion on livestreaming social commerce in 2023, accounting for 45.4% of the country’s social commerce sales.
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| Sep 13, 2023
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| Dec 7, 2023
Source: Dentsu
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| Dec 7, 2023
Source: Dentsu
Behind the numbers: The survey highlighted deep concerns among Americans about China's global influence, as US-China relations have reached their lowest point in decades. 60% of Americans believe China is gaining an economic advantage over the US by spying on American companies. 56% think China is gaining a military advantage by spying on the US government.
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| Aug 21, 2023
19 would speak English, 14 would speak Mandarin Chinese, 8 would speak Hindu, 7 Spanish, 4 would speak French, 3 standard Arabic, and 3 Bengali. What religion would they follow? 32 would be Christians, 23 would be Muslim, 16 would be unaffiliated, 15 would be Hindu, there'd be 7 Buddhists, and 7 would practice a mix of other religions. How old would they be?
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| Mar 8, 2024
Sellers from China are already livestreaming to US users, but transactions aren’t frictionless. TikTok needs to find the right influencer-product-audience fit. The platform is also laying the groundwork for a professionalized livestreaming environment, limiting broadcasting to ages 18 and older. Chinese players will seek cross-border ecommerce.
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| Dec 8, 2022
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| Dec 4, 2023
Source: Magna Global
I have a fairly mild prediction, and that's that the e-commerce disruptors that are somewhat China adjacent, if not Chinese, Temu, Shein, TikTok Shop, are going to grab a lot of share by offering super cheap stuff, marketing their cheap stuff all over the place and driving a lot of people to just click and buy. These companies have really big ambitions. They have big budgets to advertise a lot.
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| Oct 25, 2023
However, China, Mexico, and Brazil have also embraced sub OTT at rates above the global average. Brazil will sneak into the top 10 in 2023, with 46.3% of internet users set to be sub OTT users. China will lead the world in total sub OTT users, just as it does in most other digital user categories.
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| Dec 9, 2022
The US, China, and Brazil will lead the world in total listeners, while Mexico is noteworthy for rounding out the top four. The US and China (and India) tend to lead the world in every digital category when it comes to aggregate user figures, but it’s less common to see Mexico so high in our rankings.
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| Nov 8, 2022
In countries where adoption is highest (e.g., Brazil, India, China, and South Africa), trust is also highest. More than 90% of respondents said they were comfortable with some AI involvement in managerial decision-making at work, per KPMG. Workers are concerned about generative AI. There is a large gap between awareness of generative AI risks and mitigation.
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| Sep 13, 2023
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| Dec 1, 2023
Source: Morgan Stanley
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| Nov 30, 2023
Source: Canalys
WeChat is the one everyone cites, but that's predominantly in China. So Suzy, you said a monopoly is taking up the whole of the market. 65% share is pretty high. I don't know any market or any player in the market with a higher share of that market. So, it does seem like they're getting to a point where they are the only game in town to a certain extent. Blake, where do you land on this?
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| Mar 29, 2024
But leading wallets like Apple Pay, PayPal, and Chinese super app Alipay are winning over consumers through education on how they work and the limited amount of data they use, as well as through incentives like loyalty bonuses and mobile ID initiatives. The demographics: Younger and higher-income Canadians are driving mobile wallet growth.
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| Mar 8, 2023
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| Nov 29, 2023
Source: Deloitte