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Tencent to Consolidate Ecommerce Efforts, Finally
[Translate] Tencent, the Chinese internet conglomerate will be reportedly consolidating its chaotic and confusing online storefronts, finally. Tencent’s Ecommerce Dilema Tencent’s ecommerce efforts started in 2005 with the launch of Paipai – its alternative to Taobao – in September of that year, a move to combat Alibaba’s Taobao which ruled the Chinese C2C market at...
Is China’s E-commerce Market Growing Too Fast?
[Translate] Two days ago, I wrote about how “China Wants US$2.8 Trillion E-Commerce Sales by 2015, But Please Stop Bleeding Money First!” I highlighted how China’s rapid development through the internet has superseded the ability to manage and control it. Although higher internet penetration leads to higher sales, it doesn’t mean higher profits. Many famous...
China Wants US$2.8 Trillion E-Commerce Sales by 2015, But Please Stop Bleeding Money First!
[Translate] China Daily reported that China is aiming to double the value of e-commerce sales to 18 trillion yuan or ($2.86 trillion) by the end of 2015 to become the clear leader in global e-commerce. The goal resulted from the 12th 5-Year Plan released on Tuesday by Ministry of Industry and Information Technology, the nation’s top industry regulator. As China virtually manufacturers...
360buy Denied IPO Rumor
[Translate] In response to the swirling rumor about “360buy resumed IPO process”, the Beijing-based B2C giant issued a statement last night to rebut the claim. 360buy reiterated in the statement that it has no intention to go public anytime soon, and it never shared any IPO-related information or financial data with investment banks. A recent...
DangDang.com is in Trouble
[Translate] DangDang.com (NYSE:DANG), China’s largest online book store is going through some major problems at the moment. Firstly, financially they have recorded three consecutive quarters of losses due to setting lower prices and promotions to attract customers away from 360Buy.com and TMall.com. Shares have dropped 84 percent last year, falling below the December 2010 initial...
Tencent to Work Around ECommerce, with Express Delivery Service?
[Translate] Let’s be frank, Tencent has been on an investment spree since last year with a swath of cases in ecommerce storefront, to name a few, Gaopeng in last February (probably the most notorious one), OKBuy in last May, Kela.cn in last June, 51buy.com (formerly known as Icson.com) and so forth. See chart 1 for...
Flash Sale Start-up, Nuandao, Promotes Designed & Made in China
[Translate] On Friday, Beijing based e-commerce design start-up Nuandao, publicly launched to the media. Taking inspiration from one of America’s hottest start-ups, Fab.com, Nuandao promotes Chinese products that have a focus on unique quality design at flash sale prices on a weekly basis. It does this by curating well designed products from mainly independent Chinese...
Rumor: Dangdang to Launch Proprietary Apparel?
[Translate] Dangdang, the leading Chinese online bookstore turned general etailer is said to launch its proprietary apparel brand in next month, according to Mahui, General Manger of Beijing-based underclothes manufacturer TopNew Group. Ma said that Dangdang has contracted with the company to design and produce Dangdang-branded clothes, like Dangdang Kids for children. Li Guoqing, co-founder...
Chinese Lingerie Etailer Raising US$ Tens of Millions in Series C
[Translate] Chinese online lingerie brand La Miu is raising US$ tens of millions in Series C round of financing, according to Hao Jianyao, co-founder and VP of the company. Founded in 2008, the female-centric site which started as a lingerie etailer now expanded to other territories including female apparel, accessories and so on. According to...
360buy to Acquire Logistics Company CCES, Chinese B2C’s Logistics Conundrum
[Translate] Words have been circulating on Weibo that 360buy, one of the largest Chinese B2C service is poised to acquire Shanghai-based express logistics company CCES. Liu Qiangdong, founder and CEO of 360buy once revealed on Sina Weibo last year that “there’ll be more than 25,000 new colleagues joining Jing Dong Mall in 2012”. Since then...
Shajia – Let Suppliers Bid for Orders
[Translate] Usually, consumers bid for what they want to buy on the web. But on Shajia, an e-Commerce site, incubated by Innovation Works, it is the suppliers bidding for orders of mobile phones, laptops, digital cameras, and other consumer electronics. The idea came from the company’s founder, Peng Lin. He had worked for Tsinghua Tongfang,...
Suning Aiming to Become the China “Walmart + Amazon”
[Translate] Zhang Jingdong, chairman of Chinese electronics retailer Suning Appliance disclosed lately that the company is considering removing the word ‘Appliance (or 电器)’ from its brand name, a potential move that highlights the company’s determined attempt to speed up its B2C effort as well as set its eyes beyond just electronics when it comes to...
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