Every edited Du Yu

On January 24th, local time, the three major US stock indexes closed mixed, with the Dow down 0.26%, the Nasdaq up 0.36% and the S&P 500 up 0.08%.

Most popular technology stocks rose, AMD rose by over 5%, NVIDIA rose by over 2%, and Meta and Google rose by over 1%. Semiconductor equipment, materials and robots were among the top gainers, with ASML rising by over 8%, American pixels by over 5%, Kelei by over 3% and Broadcom by over 2%. Solar energy and precious metals were among the top losers, with Cole Dai Lun Mining and Elgin falling more than 5%, Sunshine Power falling more than 4% and Hekela Mining falling more than 2%.

On January 24, local time, Tesla announced its fourth-quarter revenue.$25.17 billion, and analysts expected $25.87 billion.; The adjusted earnings per share in the fourth quarter was $0.71, and analysts expected $0.73; The gross profit margin in the fourth quarter was 17.6%, and analysts expected 18.1%; Free cash flow in the fourth quarter was $2.06 billion, and analysts expected $1.45 billion.

Tesla said that the team will be committed to launching the next generation of cars in Texas; Continue to make progress around the next generation platform; The growth rate of vehicle production/delivery in 2024 may be significantly lower than that in 2023.

Cybertruck, an electric pickup truck, will increase production and expand delivery in 2024. Cybertruck’s production increase process will be longer than other models.

As of the close of local time on January 24th, Tesla reported $207.83, a decrease of 0.63%. It is worth noting that after the announcement of the financial report,Tesla once fell more than 4% after hours..

On January 24, a news that Tesla will produce new models attracted market attention.It is reported that Tesla has informed suppliers that it hopes to start producing a new mass-market electric vehicle code-named "Redwood" in mid-2025, which is positioned as a "compact crossover". In this regard, the relevant person of Tesla China responded to the reporter of Company E: "I have never heard of it".

In fact, this is not the first time Tesla has been told to build a "cheap car".As early as 2018, Tesla CEO elon musk said that it would take three years to develop a low-cost electric vehicle. Musk admits that it is "very difficult" to develop such a car considering the economic situation and poor competitive environment of the automobile industry. In 2020, Musk postponed the planning schedule of affordable electric vehicles for three years.

In May 2022, Musk said that Tesla is developing two new products, and the annual sales volume is expected to reach 5 million. In November 2023, some media reported that Tesla planned to develop an entry-level electric vehicle at the Berlin factory in Germany. However, various rumors have not been officially commented by Tesla.

At the same time that new models will be pushed out, Tesla’s pure electric pickup truck Cybertruck has been airlifted to China, ready to launch a national tour. On January 24, before the official tour, Tesla also introduced Cybertruck to netizens in detail through live broadcast.

According to Tesla, Cybertruck adopts stainless steel exoskeleton body, armored glass and all-terrain tires, which are durable and can adapt to various road conditions, even driving on multi-planet surfaces. In terms of handling, Cybertruck’s performance is comparable to that of a sports car. It takes only 2.7 seconds to accelerate at 000 kilometers and the top speed is 209 kilometers per hour.

According to market analysis, Tesla Cybertruck has the strength to attract consumers’ attention in terms of market demand and performance configuration, but it faces a series of challenges to legalize it in China. It is reported that Tesla Cybertruck’s national tour has started a total of 8 cars, which will be exhibited simultaneously in Shanghai, Beijing, Shenzhen, Chengdu, Nanjing, Hangzhou, Xi ‘an and Chongqing.

Netflix shares rose 10.7% to $544.87, with a market value of $238.48 billion. According to China Fund, the streaming media company said that it added more than 13 million users in the fourth quarter, bringing its total number of users to a record high of 260.8 million.NetflixOur revenue is higher than analysts’ expectations, and our profit guidance for this quarter is also higher than analysts’ expectations.

Microsoft rose 0.92% to $402.56, with a total market value of $3 trillion..

Most of the popular Chinese stocks rose, and the Nasdaq China Jinlong Index rose by 1.88%. Vipshop will rise by over 8%, Tencent Music by over 4%, Futu Holdings and Baidu by over 3%, Pinduoduo, Manbang and Netease by over 2%, JD.COM and Alibaba by over 1%, and Weibo by a small margin. Xpeng Motors fell more than 5%, Weilai fell more than 2%, LI fell more than 1%, and Iqiyi and Bili fell slightly.

National business daily comprehensive securities times e company, China fund newspaper, market public information.

Disclaimer: The contents and data in this article are for reference only, and do not constitute investment advice. Please check before use. Operate accordingly at your own risk.

Cover image source: Every reporter Zhang Jianshe

On December 20 th, this evening, Chery’s high-end new energy Star Era ES officially announced its listing. The official guide price range is 225,800 to 339,800 yuan. The IT House is summarized as follows:

In terms of car purchase courtesy, including a deposit of 5,000 yuan, you can enjoy seven big gifts with a maximum value of 50,000 yuan. The seven gifts are either replacement subsidy of up to 20,000 yuan or purchase subsidy, with a lifetime warranty of 15,000 yuan for the owner of the vehicle; When the value is 5000 yuan, the whole system is equipped with wilderness green appearance color; 7kW home-filled pile and 100-meter-long cable with a value of 4,500 yuan, installation; Enjoy the service package worth 3000 yuan; The value of 2000 heads of state as the owner of the car is 10G/month of free basic traffic, which can be enjoyed for 2 years; Send 5000 user points to exchange gifts for Star Yuan App Mall at will.

With the length, width and height of 4945*1978*1467mm and the wheelbase of 3000mm, Xingtu Xingyue ES is positioned as a medium and large pure electric car. The new car adopts the design language of "aesthetics of wind", and the overall body lines are very smooth and silky, with a drag coefficient of only 0.205Cd.

Thanks to E0X platform, the design of ES gives full play to the space utilization rate of the cockpit, which can achieve a super-large net room rate of 70.2% and a rear knee space of 165 mm..

For the interior, the new car adopts the "Qushui Rhyme" interior design language, equipped with a 15.6-inch 2.5K central control panel surrounding the cockpit, designed with a shield, and the main driving side supports wireless charging of mobile phones. It is worth mentioning that this new car is also equipped with the iFLYTEK Spark Cognitive Model for the first time, which has the ability of empathy and small talk and self-guided reply.

According to reports, Star Road Star Age ES is equipped with Lion Melody sound system. The whole cabin is equipped with 21 high-quality speakers and 2 main driver headrest sounds. The peak power of the sound system can reach 1000W, which supports panoramic sound effects and can also provide exclusive comfort functions such as immersion mode, navigation mode and private mode.

In addition, the new car also provides many functions such as one-button heating, reservation charging, gun insulation, one-button car search, air conditioning timing and remote control, as well as the industry’s first smart smart island central control.

Based on 800V high-voltage platform, this model adopts pan-tilt chassis structure, and the whole system comes standard with IAS intelligent air suspension and CDC electromagnetic vibration reduction system. The power consumption of CLTC is 11.7kWh/100km, and it can be recharged for 150km in 5 minutes, and charged from 30% to 80% in 15 minutes.

In terms of power, Star Age ES brings two versions of single/double motors. The single motor version has two kinds of output power, 185kW and 230kW, while the double motor version has the maximum power of 353kW composed of the first 123kW motor and the last 230kW motor, respectively, and accelerates for 3 seconds per 100 kilometers.

In terms of intelligence, the intelligent driving system of Xingjiyuan ES comes from the self-developed team Dazhuo Intelligent, the car system comes from Iflytek and the main control chip comes from Qualcomm. Standard horizon quality journey 3 chip, with 5 cameras, 8 ultrasonic radars and 2 millimeter-wave radars. The top model adopts dual NVIDIA Orin-X chips, with 12 cameras, 12 ultrasonic radars, 5 millimeter-wave radars and 1 laser radar. It can realize the functions of high-speed NOP, urban NOA and intelligent parking AVP.

In addition, its built-in E0X also applies the advanced cross-domain integrated EEA 5.0 electronic and electrical architecture, with a computing power of up to 1000 TOPS, and adopts SOA double decoupling software architecture and Gigabit Ethernet communication network, which fully supports the advanced intelligent driving and Galaxy AI cockpit of Xingyue ES.

In terms of intelligent driving, the NEP of Star Age ES Full Scene Intelligent Driving supports the extremely intelligent multi-mode interactive cockpit and full scene intelligent driving under the blessing of 508TOPS computing platform and 30 intelligent sensors. At the same time, Xingyue ES can also cooperate with high-precision solid-state laser radar to be competent for safe driving in high-density complex urban scenes.

After the release of Huawei’s Pura 70 series, its Kirin 9010 processor quickly attracted attention. It is known that the processor is not very different from the Kirin 9000S in terms of specifications, the main difference is the optimization of power consumption control. However, the Huawei Mate 70 series, which is about to debut in the second half of the year, will bring significant changes in processor configuration.

Weibo blogger "The main factory manager is classmate Guan" revealed that the Huawei Mate 70 series will be equipped with a new Kirin processor. It is said that this chip will become the most powerful member of the Kirin family in history. Compared with the current Kirin 9000S and Kirin 9010, it will achieve a major leap upgrade.

The blogger further shared the possible scoring performance of the new processor. He pointed out that the new Kirin processor carried by Huawei’s Mate 70 series will break through 1 million points in the comprehensive test of Antutu. Coupled with the pure Hongmeng system, the deep integration of software and hardware will give users a better experience.

Therefore, for consumers who are looking forward to a more powerful Kirin processor, the Huawei Mate 70 series, which will be launched in the second half of the year, is worth paying attention to.

[car home Heyuan Preferential Promotion Channel] Good news! Preferential activities are being carried out in Heyuan area, with the highest preferential amount reaching 117,800 yuan and the lowest starting price of only 352,100 yuan. If you are interested in this model, you may wish to click "Check the car price" in the quotation form to get a higher discount.

BMW i4 adopts a streamlined body design, with a closed kidney grille on the front face and a sharp LED headlight group, showing a fashionable and dynamic style as a whole. The rear part of the car outlines a full outline with simple lines, and with the slender LED taillights, the visual effect of the whole car is improved.

With its body length of 4785mm and width of 1852mm, and body height of 1455mm, BMW i4 shows an atmospheric and compact profile. The wheelbase of 2856mm provides a spacious interior space, while the front track of 1601mm and the rear track of 1630mm ensure the stability and handling of the vehicle. The side lines of the car body are smooth, and the dynamic outline is outlined from the waistline extending from the headlights to the taillights. With 245/45 R18 front tires and 255/45 R18 rear tires, as well as personalized rim design, the sense of movement and recognition of the vehicle are further improved.

The interior design of BMW i4 adopts a simple and high-end style, and the steering wheel is wrapped in high-quality leather, which is comfortable and has the function of manual adjustment up and down and back and forth. The center console is equipped with a 14.9-inch large-size touch screen, which supports voice recognition control of multimedia systems, navigation, telephones and air conditioners. The car is also equipped with four USB and Type-C interfaces in the front row and the back row, as well as the wireless charging function of the front mobile phone. In terms of seats, the front and rear adjustment, backrest adjustment, height adjustment (4-way), leg rest adjustment and lumbar support (4-way) can be realized in the main and co-pilot positions, and the seat heating function is provided, which improves the riding comfort. In addition, the driver’s seat is also equipped with electric seat memory function, which makes driving more convenient every time. The rear seats can be laid down in proportion to increase storage space.

The BMW i4 is equipped with a powerful motor with a maximum power of 250 kW and a maximum torque of 430 Nm, which brings excellent power performance and driving experience to drivers.

The owner of car home spoke highly of the BMW i4, and he especially mentioned that the car has good sound insulation effect, strong power and excellent design. In addition, he especially praised the volcanic red interior, thinking that its design sense is not lost to Mercedes-Benz.

[car home Handan Preferential Promotion Channel] At present, a large-scale preferential activity is being carried out in Handan, with the highest preferential range reaching 100,000, making its minimum starting price only 386,000. If you are interested in this model, you may wish to click "Check the car price" in the quotation form to get a higher discount.

Mercedes-Benz EQE SUV adopts an avant-garde design, and its front face adopts a closed grille with sharp headlights, showing a modern feeling. The overall style combines the design language of Mercedes-Benz family, and the body lines are smooth, highlighting an atmosphere of paying equal attention to luxury and technology.

Mercedes-Benz EQE SUV has a body size of 4880*2032*1679mm, a wheelbase of 3030mm, a front tread of 1649mm and a rear tread of 1662mm, providing spacious seating space and excellent driving stability. The side lines of the car body are smooth, and the elegant outline design is adopted. With 19-inch wheels, the tyre size is 235/55 R19, which shows the combination of luxury and dynamism.

The interior design of Mercedes-Benz EQE SUV focuses on luxury and comfort, and combines modern technology with exquisite craftsmanship. The center console is equipped with a 12.8-inch touch screen, which supports multimedia system, navigation, telephone, air conditioning and voice recognition control system of skylight, bringing convenient operation experience. The steering wheel is made of leather, with electric up-and-down and forward-and-backward adjustment functions, ensuring that drivers can find the most comfortable driving posture in all situations. The seat is made of imitation leather, and the front and rear adjustment, backrest adjustment, height adjustment (4-way), leg rest adjustment and lumbar support (4-way) are provided in both the driver’s seat and the passenger’s seat. It also has the functions of heating and ventilation, providing drivers and passengers with all-round comfortable experience. In addition, the driver’s seat and the co-pilot seat are also equipped with electric seat memory function, which is convenient for users to save and recall vehicle settings at any time. The rear seats can be tilted in proportion, providing flexible space for loading large items. There are also a number of USB and Type-C interfaces in the car, as well as the wireless charging function of the mobile phone, which meets the needs of modern people for charging mobile devices.

Mercedes-Benz EQE SUV is equipped with a high-performance electric engine with a maximum power of 300 kW and a maximum torque of 858 N·m, which provides the vehicle with a strong power output and a smooth driving experience.

Car home car owners have a very positive evaluation of Mercedes-Benz EQE SUV. He thinks that the vehicle’s power performance is excellent, the interior is luxurious and full of science and technology, and the aura of Mercedes-Benz brand also adds a lot to it.

　　Although it was late, Dong Mingzhu still didn’t let go of the car-building track.

　　Tianyue information shows that on October 11,Established "Shanghai Gree Automobile Technology Co., Ltd." with a registered capital of 20 million yuan, and its legal representative is Zhong Chengbao, assistant to the president. After the news was exposed, many people speculated that this was the rhythm of "building a second car" in Dong Mingzhu. However, according to public information, the main business scope of this new company is not involved.Manufacturing, its main business scope is onlyR&D, parts manufacturing and industryManufacturing, industrial sales,Network data service, etc. According to relevant analysis, the establishment of Shanghai Gree Automobile Technology Co., Ltd. is mainly to deepen the layout of Gree in the automobile industry chain. After the relevant industries and supporting facilities mature, all resources may be applied to the field of vehicle manufacturing, so this series of operations is more like paving the way for the future development of Gree Titanium.

　　In the field of automobiles, Dong Mingzhu has spent a lot of money. In 2016, Dong Mingzhu wanted to acquire Zhuhai Yinlong Attack for 13 billion yuan.The automobile sector, but the proposal was collectively opposed by other small and medium shareholders of Gree. Gree’s acquisition of Yinlong fell through. But Dong Mingzhu didn’t give up. The establishment of Gree Automobile Technology Co., Ltd. is undoubtedly another new attempt of Gree. It will take time to verify whether Dong Mingzhu builds a car, which leads to darkness, or another village.

On March 8, Geely Automobile released the Geely New Longteng Edition, with an official guide price of 83,800 yuan and a limited-time premium price of 71,800 yuan. Geely New Binyue Longteng Edition is equipped with the power combination of Geely Jinqiang 1.5TD high-pressure direct injection engine and 7-speed wet dual-clutch gearbox. The new car is also equipped with AUTO HOLD and brake (EPB).

Limited-time preferential policies for new cars (the deadline for activities is March 31st, 2024):

1. Longteng cash gift (cash subsidy of 12,000 yuan);
2. Longteng Financial Gift (limited to 36 installments with 0 interest, with a maximum discount of 6,000 yuan);
3. Longteng Huanxin Gift (up to 4,000 yuan/vehicle replacement subsidy).

In terms of appearance, the new Binyue Longteng Edition continues the "X" design of the old models and adds the "Sky Blue" body color scheme. The front face adopts a blackened grille before the extreme storm, and the black decorative board and the headlights on both sides form an X shape, highlighting the explosive force and impact of the front face; The side lines of the car body are full, the waistline runs through the rear taillight along the door handle, the door panel is also concave, and the side skirt is decorated with gray decorative panels; The biggest change in the rear of the car is to cancel the bilateral four-outlet exhaust, but retain the diffuser-style rear enclosure and moving tail.

In terms of configuration, New Binyue Longteng Edition is equipped with 8-inch central control panel, body stability system (ESP), traction control (TCS), front airbag, automatic parking (AUTO HOLD), uphill assist (HAC), cruise control, automatic headlights, 17-inch aluminum alloy wheels, one-button lifting of main driving window, electric adjustment and heating of exterior rearview mirror, and automatic.

In terms of power, Geely Binyue Longteng Edition is equipped with the power combination of Geely Jinqiang 1.5TD high-pressure direct injection engine and 7-speed wet dual-clutch gearbox. The maximum power of the engine is 133kW(181Ps), the maximum torque is 290N·M, the zero-speed acceleration is 7.6 seconds, and the comprehensive fuel consumption of WLTC is 6.35L/100km.

The following article comes from Glacier Sixiang, written by Chen Baibot.

Glacier Sixiang.

Gather ideas and share insights.

Written by Chen Bai

Who would have thought that the acceleration of Apple’s factory expansion in India was directly affected by Zhengzhou, Henan Province, thousands of miles away.

Yes, you are not mistaken. Recently, the General Administration of Customs released the import and export data of 31 provinces in the first quarter. According to combing, 10 provinces showed a decline, including Henan, a former foreign trade province.

The main reason for the decline in Henan’s import and export is the sharp decline in mobile phone exports. As we all know, Foxconn, located in Zhengzhou, Henan Province, is a large OEM of Apple mobile phones and the largest exporter in Henan.

According to the annual data, the number of mobile phones exported by Henan in 2023 was 57.61 million, down by 14.5% year-on-year. Today, this downward trend continues to expand. According to Zhengzhou Customs data, in the first quarter of 2023, Henan Province exported 16.88 million mobile phones, compared with 6.64 million in the first quarter of 2024, a decrease of 10.24 million. The export value of mobile phones dropped from 71.1 billion yuan in the first quarter of 2023 to 27.2 billion yuan in the first quarter of 2024.

Even considering that Apple’s sales in China dropped by 19.1% in the first quarter of this year, global mobile phone sales are also declining, but it will not be reduced by such a large margin. This probably shows that Foxconn, which has been the number one mobile phone OEM in the world for many years, is withdrawing some production lines from Henan.

The global trading system has never been fragmented, but a typical butterfly effect story: a butterfly in South America flapped its wings, which led to a tornado in Texas, USA.

If Foxconn really withdraws, it will not be just Foxconn.

01

When it comes to Foxconn, some people think that Foxconn is a factory that works for American apples and creates wealth. It is low-end, low-profit, neglects workers’ rights and interests, and plays a very passive role in the whole industrial chain. Such enterprises should not come to Chinese mainland.

"Don’t people in Henan live without Foxconn?" Once upon a time, voices like this were rampant.

But after the addiction, calm down and see what Foxconn means to Henan and even to China’s economy, many people may not imagine.

In 2023, the import and export value of Xinzheng Comprehensive Insurance Zone where Foxconn is located reached 407.3 billion yuan, accounting for 74% of Zhengzhou’s import and export, and 50.3% of Henan’s import and export.

Among the top 100 export enterprises in China, Zhengzhou Foxconn, Shenzhen Foxconn and Chengdu Foxconn are all in the top 20. For more than 10 years, Foxconn has consistently ranked first among China’s export enterprises.

In the simple brain circuit of "a whale falls and everything lives", the departure of the giant should be beneficial to the small fish. However, the brain circuit of dualism can’t understand the complex ecosystem. Those keyboard men who ask "XX get out of China" in the social media comment area probably won’t think that what they are crying out for is actually their own livelihood and rice bowl.

Nowadays, it turns out that we have greatly underestimated the influence of leading enterprises and the chain reaction behind them.

Domestic substitution may be able to play the role of a substitute in the apple ecological chain, but for the complex system of economy, it is not a simple substitution game, but more like a major operation with a high risk coefficient and will hurt the bones.

02

A simple comparison of Foxconn’s contribution to Henan’s economic growth between coming and going can clearly confirm the relevant logic.

In 2010, after Guo Taiming chose to settle in Foxconn in Zhengzhou, more than 200 upstream and downstream supporting enterprises also settled in Henan. Subsequently, Henan, the hinterland of the Central Plains, where the domestic population flowed out of the province and there was almost no modern industry support, the electronic industry quickly formed a scale, and the overall scale of Zhengzhou’s electronic information industry increased by 25 times.

By 2020, Zhengzhou Foxconn has become the largest export trading company in China, with a total export volume of US$ 31.6 billion. With the strength of one company, it contributed 80% of Zhengzhou’s total import and export volume and 60% of Henan’s total import and export volume.

Take Zhengzhou Airport as an example. In the year when Foxconn was officially built, the GDP of Zhengzhou Airport was only 20.6 billion. By 2021, the GDP of Zhengzhou Airport reached 117.2 billion, an increase of more than five times. During the peak period, Foxconn contributed as much as 25% to Zhengzhou’s GDP.

It is not without reason that the government was popular in attracting investment in those years, because if we can recruit a chain-based company like Foxconn, the impact on regional economic development will be immeasurable.

Of course, objectively speaking, there are many factors behind Foxconn’s layout in India, Vietnam and other regions in recent years. For example, the rising production costs in the mainland and the attraction of cheap labor in Southeast Asia.

Look at the increase in housing prices in Zhengzhou in the past few years, and the increasingly frequent recruitment shortage even in populous provinces. These factors have prompted Foxconn to find new labor price depressions.

Judging from the performance of Foxconn’s Indian factory, although there are many labor price advantages, the irreplaceable ecological chain industry chain and the lack of skilled jobs have had a great impact on the quality control of iPhone.

Obviously, moving the factory out of Chinese mainland is also an obvious choice for Foxconn.

The real question is: Why does Foxconn want to transfer some production capacity? The real answer to this question may determine the social expectation and even the economic trend for a long time to come.

03

Some people may say that without Foxconn, we still have "domestic substitutes" such as Shenzhen O-film Tech Co.,lt and Luxshare. Moreover, for many provinces and cities represented by Henan, "Foxconn dependence" is obviously not a long-term solution.

We have all seen the influence of the automobile industry on Detroit now. Because the industrial structure is too single, Detroit eventually declined when the traditional automobile industry began to decline.

For the need of industrial transformation, regional economic development must find more pillars and solutions.

From the current point of view, it seems that the gap left by Foxconn’s mobile phone manufacturing industry chain can be filled by new energy vehicle manufacturing.

The latest news is that at the beginning of January this year, Foxconn suddenly invested 500 million yuan to build a new energy auto parts foundry in Henan, and even said that it would fully cover the OEM of domestic new energy auto parts. Not only that, BYD has also increased its investment scale in Henan. From many angles, this transformation and changing birds in Henan is a rational choice and a general trend.

Finding alternative industries is a popular development logic all over the world in recent years. New energy vehicles are becoming increasingly popular, and everyone knows that this is an industry full of potential. The question is, can the new energy automobile industry replace everything?

For example, there has been a big fluctuation in the real estate market, and some people say, it doesn’t matter, we can make up for it with new energy vehicles; Nowadays, the mobile phone market has changed, and hopes are once again pinned on new energy vehicles.

But judging by common sense, we should know that no matter how big the new energy automobile industry is and how promising it will be in the future, it is absolutely impossible to replace the huge consumer goods like real estate and the high-frequency consumer goods like mobile phones at the same time.

OEM is in the lower reaches of the industrial chain, with less dividends and high social costs. From the initial pride of "world factory" to the current criticism, it is only a matter of nearly ten years.

But the other side of the demonization of OEM is the OEM factory, which is the world’s cutting-edge product. In the process of production and operation, we not only obtained a large number of jobs, but also popularized and spread technology and innovation. These benefits can’t be achieved by domestic substitution in a short time.

On the one hand, there is the possible risk of getting stuck in the neck, on the other hand, there is the pain of changing birds in cages and uncertainty about the future, and things are becoming increasingly complicated.

From this perspective, when we begin to try to get rid of "Foxconn dependence", we should also be prepared to deal with "Foxconn sequelae".

Original title: "Foxconn, Henan, Things are Changing"

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　　On August 4th, 2017, China Internet Network Information Center (CNNIC) released the 40th Statistical Report on Internet Development in China (hereinafter referred to as the Report). According to the Report, as of June 2017, the number of netizens in China reached 751 million, accounting for one fifth of the total number of netizens in the world. The Internet penetration rate is 54.3%, which is 4.6 percentage points higher than the global average.^one.

　　The number of netizens in China reached 751 million, and digital technology promoted economic and social transformation.

　　As of June 2017, the number of netizens in China reached 751 million, with a total of 19.92 million new netizens in half a year, with a half-year growth rate of 2.7%. The Internet penetration rate was 54.3%, up 1.1 percentage points from the end of 2016. Digital technology, represented by the Internet, is accelerating its deep integration with various fields of economy and society, and has become an important driving force for promoting China’s consumption upgrading, economic and social transformation, and building a new competitive advantage in the country.

　　Mobile Internet users accounted for 96.3%, and the dominant position of mobile Internet was strengthened.

　　As of June 2017, the number of mobile Internet users in China reached 724 million, an increase of 28.3 million compared with the end of 2016. The proportion of Internet users using mobile phones has increased from 95.1% at the end of 2016 to 96.3%, and the proportion of Internet users using mobile phones has continued to increase. In the first half of the year, the number of users of various mobile phone applications continued to rise, and the scenes were more abundant. Among them, mobile phone take-out applications grew the fastest, with the number of users reaching 274 million, an increase of 41.4% over the end of 2016; The number of mobile payment users reached 502 million, and the use characteristics of offline scenes were outstanding. 463 million netizens used mobile phones to pay when they spent offline.

　　The number of IP addresses ranks among the top in the world, and the export bandwidth has increased substantially.

　　As of June 2017, the number of IPv4 addresses in China reached 338 million, and the number of IPv6 addresses reached 21,283 blocks /32 addresses, both of which ranked second in the world. The number of websites in China was 5.06 million, an increase of 4.8% in half a year; The international export bandwidth reached 7,974,779Mbps, an increase of 20.1% over the end of 2016.

　　Business transaction applications maintained rapid growth and promoted consumption-driven transformation and upgrading.

　　In the first half of 2017, business transaction applications continued to grow at a high speed, and the number of online shopping, online take-out and online travel booking users increased by 10.2%, 41.6% and 11.5% respectively. The characteristics of consumption upgrading in the online shopping market are further revealed, and user preferences are gradually shifting to quality, intelligence and new categories of consumption. At the same time, online and offline integration has expanded to data, technology, scenarios and other fields, and the huge user data resources accumulated by various platforms have been further valued.

　　Internet financial market tends to be standardized, and offline payment expansion is still a hot spot.

　　In the first half of 2017, the number of Internet wealth management users reached 126 million, with a half-year growth rate of 27.5%. Online and offline in the field of Internet wealth management are integrating their respective advantages in traffic, technology and financial products and services, and entering the development stage from confrontation to win-win cooperation. The yield of online loan wealth management products continues to decline, and the industry is developing towards standardization; The field of offline payment is still a hot spot in the market. The habit of netizens using mobile phones for online payment and settlement in offline stores such as supermarkets and convenience stores has further deepened. The proportion of netizens who have used mobile phones for online payment and settlement when shopping offline has reached 61.6%. While deepening the domestic market, online payment enterprises in China have expanded overseas markets with great market potential.

　　The scale of online education and online car service has maintained growth, and bike-sharing has enriched its travel modes.

　　As of June 2017, the scale of application users in all segments of public services has increased. Among them, the number of users of online education, online taxis, online cars or express trains reached 144 million, 278 million and 217 million respectively. The online education market is developing rapidly, and artificial intelligence technology drives industrial upgrading; The online car market has experienced a rapid expansion stage driven by capital and entered a standardized development path. The number of users in bike-sharing has reached 106 million, enriching citizens’ modes of travel, and promoting the vigorous development of the industry with technology and capital.

40th Statistical Report on Internet Development in China (full text)

The 40th Statistical Report on Internet Development in China