Chinese eCommerce firms last worked together for an online shopping holiday called Singles Day on 11/11. China is now tallying its take from the “May 5th Shopping Festival” after consumer spending dropped over the past few months due to COVID-19. And smarter cities could emerge stronger from the pandemic, with the Internet of Things (IoT) poised to transform societies in the coming months and years. All this, Today in Data.
$101.1B: The projected value of the global smart home technology market in 2020.
95%: Decrease in U.K. pedestrian traffic recorded by smart city sensors in March 2020 over the prior year.
5.9%: Year-over-year increase in online sales of physical goods in China in Q1.
3.9M: Number of iPhones that Apple sold in China in April.
$2.21B: Minimum GMV in the Shanghai area from the May 5th Shopping Festival 24 hours after launch.