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

July 7, 2020
SCMP Updates
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 on 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 digitalisation 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 favourable 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, which is larger than the populations of the United States, Russia, Mexico, Germany, 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 and purchase the China Internet Report 2020 Pro Edition at sc.mp/cir-pro.

For enquiries, please contact:
Andrea Leung andrea.leung@scmp.com
Elgen Kua elgen.kua@scmp.com

About South China Morning Post

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP's vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and Harper's BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China's tech industry; Inkstone, a daily news brief for those curious about China's growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism.     

About SCMP Research
Targeted at global business leaders and China industry observers, SCMP Research aims to meet the increasing global need for reliable intelligence into China’s leading industries. For each industry, our proprietary product – which combines a report of the highest research rigour and a careful curation of live sessions with industry experts – provides customers with instant actionable insights.