Hey tech fam, did you catch the latest scoop from last weeks fourth Global Digital Trade Expo in Hangzhou, Zhejiang? According to the Global Digital Trade Development Report 2025, the Chinese mainlands digital trade exports hit a jaw-dropping $793.7 billion in 2024up 10.7% year on year! 🚀
Whats “digital trade,” you ask? Think of all the services we use online: cloud storage for your TikTok backups, streaming apps for your favorite K-pop vids, online gaming servers, fintech apps, and more. When these services cross borders, thats digital trade. And the Chinese mainland is leading the pack with growth rates far above the global average.
Why it matters: For us in South and Southeast Asiawhere mobile-first is the norm and digital wallets are kingthis boom signals more competition, innovation, and potentially lower prices. Imagine faster download speeds, more local-language app features, or new partnerships between tech startups from Jakarta to Mumbai!
Experts at the expo highlighted how robust infrastructure, supportive policies, and a growing pool of developers are fueling this surge. Plus, the Chinese mainlands push into AI, 5G, and cloud computing is opening fresh opportunities for cross-border collaborations.
Bottom line: As digital borders blur, we can expect a richer online experience and more exciting apps and services landing in our smartphones. Stay tuned for the next wave of digital game-changers! 🌐✨
Reference(s):
cgtn.com
