China Internet Report 2021 From South China Morning Post
The following is the China Internet Report 2021 From South China Morning Post recommended by recordtrend.com. And this article belongs to the classification: Investment & Economy, User Research, research report.
The South China Morning Post released the “China Internet Report 2021”. In 2021, China’s Internet pattern will continue to develop and innovate rapidly to promote the development of Internet companies.
The report predicts that in 2021, China’s Internet users will increase by 85 million year-on-year, with a total number of 989 million users, accounting for 68% of the total population. Mobile Internet users account for 68% of the population, and mobile payment users account for 59% of China’s 1.4 billion population.
Although the number of transactions in China’s Internet industry decreased by 11% in 2020, the momentum has recovered in 2021, and the total financing of Chinese enterprises increased by 24%, thanks to several large transactions, which raised a total of US $3.6 billion in four rounds of independent financing.
Large technology companies have chosen different paths in their investment activities in 2020. Tencent was the only technology company to increase investment last year, with 168 investment transactions; Followed by Xiaomi, with 70 investments; Alibaba Group has 44 investments.
China Chinese mainland China technology company has raised total funds of 46 billion US dollars in public market since January 2020. China Hongkong is the first choice for China’s technology IPO, of which 64% of listed companies choose Hongkong to list, followed by the US (35%), and only 1% of them are listed on the mainland of China.
In 2020, the market share of Chinese applications in India was 29%, down from 38% in 2019 and 44% in 2018.
However, political resistance in India and the United States has prompted Chinese technology companies to seek growth in other markets, including Southeast Asia. It is estimated that by 2025, the digital economy will grow at an annual rate of 24%.
Finally, the report highlights the changes in the population structure of Chinese Internet users and reveals three new frontier markets that technology companies want to conquer: “silver economy”, “her economy” and “sinking market”.
The silver economy is related to the rise in the proportion of elderly Internet users in China. In 2020, 11% of Chinese Internet users are aged 60 or above, up from 4% in 2016. However, the Internet penetration rate among the elderly (42% in 2020) is still low, indicating that this user group has great potential.
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