Digital natives rise, herald consumption boom
Born between mid-1990s and early 2010s, the tech-savvy Gen Z not only promote consumption trends but inject fresh impetus into technological innovation, industry insiders said.
Fan Feifei
China’s cultural sector eyes digital upgrade
An expert said the online cultural and entertainment industry is set to enjoy growth momentum, with the digital economy expanding into the social and cultural segment.
Gen Z pushes China’s social commerce boom
Gen Z accounts for one-third of the global population, becoming the largest generation group in the world, according to a survey.
Driverless delivery vehicles transform China’s grocery trade
Compared with traditional delivery, unmanned delivery features lower delivery costs, larger carrying capacity and higher safety for one-hour delivery.
Major layoffs seen in China’s internet companies
Experts say tech heavyweights are adjusting development strategies with an emphasis on long-term, sustainable growth.
China to bolster consumption of green, smart home appliances
China's home appliances industry, with the world's largest production and sales volume, is a key driver of the country's consumption growth.
China’s virtual humans poised for big advances
Digital avatars are expected to become the fastest-growing industry and a revenue generator in the metaverse, experts said.
Have disposable income, will buy imported goods
Nowadays, imported goods are no longer exclusive to residents in first- and second-tier cities, as disposable incomes go up.
Virtual tokens gain ground in ‘metaverse’
Experts said the global NFT market will continue to boom this year and become a hot spot for investment in the future.
China’s digital music market rapidly expanding
Major online music platforms have stepped up efforts to launch paid membership services and offer online live performances.