We are excited to share the key takeaways of the recent study of Insight Focus on eSports.

#电竞市场分析 #InsightFocus #GenerationZ

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Selected photos to mark the successful completion of a large scale Online Shopping Behaviour Study covering more than 20 Tier 1 to 2 cities in China.

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The Rise of Electric Vehicles

Electric vehicles are the future, in August last year cumulative sales of Electric Vehicles (EV) hit 4 million. This is a number that is going to grow quicker and quicker as the years go on. However, there is one country that outperforms the rest, in both demand and supply, China. The Chinese market has purchased 35% of all EV’s sold so far. China also produced 43% of the world’s electric vehicles in 2016, a figure that is only going to increase. Where does this demand for electric cars come from, how will this change going forward and what companies are driving this trend?

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In the past decade, China has emerged as a leader in consuming goods, with consumption increasing by about 10% annually and projected consumer economy reaching 6.1 trillion in 2021. To put it into perspective, spending on China’s Singles’ Day (Nov. 11) registered at about $25 billion, which is double U.S.’s Black Friday sales which rang in at $14 billion. Much of this can be attributed to the exponential growth of e-commerce, especially as it’s in its early days of a middle class boom. E-retail rises especially as mobile payment options become more widespread and accessible, shown through the extensive use of phone applications like WeChat Pay and Alipay. Alibaba, the owner and launcher of Alipay, is committed to investing in delivery infrastructure all around China, making it possible to not only purchase products easily, but also receive online products in as quick as 12 hours.

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