The reason for the bubble is simple: people swarm into a field, use similar technology, copy ideas from each other, compete for traffic until they get the favor of capital, and then start a new round of cash burning.

In 2015, reports of Chinese tourists swarming stores in Japan during the Chinese New Year holiday to buy all electronic toilet seats in stock provoked heated discussions among Chinese netizens, when it was later discovered that they were made in China.

In 2015, reports of Chinese tourists swarming into stores in Japan during the Chinese New Year holidays and buying all of the electronic toilet seats in stock sparked heated discussion and even furor among Chinese netizens, when it was later discovered that they were made in China.

More global investors are swarming to Hainan, seeking to deepen their cooperation with Hainan Free Trade Port, including Singaporean Wilmar International, Capitaland and Changi Airport Group, according the Hainan Provincial Bureau of International Economic Development.

Moviegoers swarm cinemas to watch movies on the big screen, while road and subway lines are flooded with commuters again.

Swarm of Chinese brandsTo build brands and forge global partnerships, Chinese companies from various categories in the consumer electronics industries are participating in CES 2024, which draws over 130,000 attendees and over 4,000 exhibitors from more than 150 countries and regions.

Contrary to the conventional belief that shopping galas are known for securing cost-effective deals, customers are said to swarm e-commerce platforms to buy upscale home appliances, in order to make life easier.

But eventually they embraced the arrival of the company, as well as travelers swarming the town for its combination of bucolic landscapes, comfortable accommodations and a variety of cultural events by the local Bouyei ethnic group－known for their indigo-dyed fabrics and rice wine brewing skills.

- In the scorching summer heat, some 2,000 tourists swarm into a new village resort in Northeast China's Jilin province every day to enjoy the cool breeze, green landscape and rural-type accommodation.

"We've seen beauty brands swarming to follow the trend of using big data analysis, artificial intelligence and facial recognition to recommend and customize beauty products for consumers," said Chen Lijuan, head of Alibaba AI Lab, an in-house unit working on commercially convertible technologies.

"Spending per customer has seen a several-fold jump in the past few years, and customers are swarming to quality, customization and even luxury goods online," said Cao.

Smartphone earthquake warnings have become a hot topic in China as people swarm to embrace mobile technologies for more timely safety alerts, after a magnitude-5.5 earthquake hit Pingyuan county in Dezhou, Shandong province, on Sunday morning.

Tech giants zoom into carmakers' ring as digital era sinks roots deeperFrom Huawei to Xiaomi, China's largest technology companies are swarming into the electric car business.

European giants BP and Royal Dutch Shell among entrantsAs the largest new energy vehicle market worldwide, China is seen as a pivotal potential market for the electric vehicle charging infrastructure, leading an array of businesses to swarm into the country's charging industry.

"Some big-name companies are swarming into the new energy industry, which is boosting the establishment of a whole industry chain," Chen said.

Transactions via Mini Programs doubled from 800 billion yuan ($123.2 billion) in 2019, thanks to a number of industries from retail to transportation and travel swarming to the channel that supports payment.

Overseas institutions are also swarming into China's bond mark.

The opening-up of the Chinese financial market is reflected by the overseas investors swarming into the Chinese bond market.

- Overseas institutions are swarming into China's bond market, driven by higher yields and weakening risk of yuan depreciation, China's Securities Journal reported Thursday.