Technology

China Internet Report 2020 Reveals COVID-19 Impact on China’s Tech Sector

The report analyses China’s rapidly developing technology-led industrial transformation adding new industry deep dives in the Online Education and HealthTech sectors.

The South China Morning Post announced this year’s edition of the China Internet Report 2020, offering major trends shaping the world’s biggest digital community and essential insights on challenges facing China’s technology-led industrial transformation in its drive to be a global leader for innovation.

This year’s edition introduces a new ‘Pro Edition’ offering that provides a 130-page report with deep dives into 10 internet sectors and six new exclusive webinars that offer the latest industry trends and insights from experts and C-level executives from leading Chinese technology giants.

The report also includes two new sectors in Online Education and HealthTech, as well as E-commerce, Content & Media, Social & Messaging, 5G, Artificial Intelligence, Smartphones & Smart Devices, Autonomous Cars, Fintech.

The China Internet Report 2020 includes an in-depth analysis of the following trends:

  • Lasting Impact of COVID-19 on China’s Tech Sector: COVID-19 had a profound impact on China’s technology landscape, from accelerating media consumption to rallying innovative technology use cases to combat the virus that has accelerated digitalization across various sectors.
  • China’s accelerated technology self-reliance: The US-China trade war and sanctions on technology companies such as Huawei have intensified and raised the importance of technological independence – putting the semiconductors sector as the biggest industry to watch.
  • The year of mass adoption for 5G: China’s 5G market is expected to hit US$70-85bn in 2020 with an estimated 160-175m 5G subscribers. A massive infrastructure push, the introduction of moderately-priced 5G phones from domestic players, and receptive businesses and consumers will drive significant adoption of 5G this year.
  • China’s third phase of live-streaming: China’s live-streaming industry has evolved from a focus on gaming, sports, and teen culture and an exploratory channel for shopping and e-commerce, to what is now a required marketing channel across industries.
  • Increased listing of Chinese tech companies on domestic exchanges: This trend is driven by favorable regulatory and policy initiatives to attract Chinese technology companies, compounded by tense US-China relations and a string of accounting scandals for Chinese companies listed in the U.S.

China’s sheer scale and impact as an emerging global trendsetter make the annual China Internet Report a must-read for global businesses and policy, marketing, and technology decision-makers. The report provides invaluable insights and business intelligence on China’s internet scene – the world’s largest market of 900 million internet users 1, which is larger than the populations of the United States, Russia, Mexico, Germany, the United Kingdom, France, and Canada combined.

Informed by on-the-ground reporting from SCMP and in partnership with Edith Yeung, General Partner at Race Capital, the China Internet Report was produced by SCMP Research’s professional researchers as well as the Post’s tech editors award-winning infographics team. Download the China Internet Report 2020 sc.mp/cir 2 and purchase the China Internet Report 2020 Pro Edition at sc.mp/cir-pro 2 .

Notes:

  1. Source: China Internet Network Information Center, United Nations
  2. Available from July 7 (HKT) onwards

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rubyasoy

Ruby is a true-blooded media practitioner and a journalist by profession. She served her early years as a lifestyle writer for a leading magazine and a couple of corporate engagements to which she learned the ropes of editorial work –  and dealing with almost the brightest personalities and celebrities in tinsel town. She had a very productive stint at the now-defunct AMPR Publicity and Communications, Inc. It was also during this period that she honed her skills in Marketing when she had the opportunity to serve as Committee Member at the prestigious Philippine Marketing Association. For inquiries, invites, or to send relevant press content, email the author at rubyasoy@yahoo.com. FB pages: https://www.facebook.com/precious.r.asoy https://www.facebook.com/rubyasoyph/

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