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Rural China: The Next Battlefield for Domestic E-commerce

China’s urban e-commerce market is nearing saturation after years of explosive growth, a trend leading China’s online retailers to address the untapped markets in rural areas. Nearly 50% of the country’s 1.36 billion population lives in rural areas; however, less than 30% of rural residents are online and only 10% have bought things online, according to […]

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DangDang Opens Store in Tmall

Ever imagine Amazon to operate a store on eBay? How weird would that be? Well it’s actually happening in China. Dangdang, which is hailed as the Chinese Amazon and has its own open platform for 3rd party online merchants, announced to operate virtual stores on TMall, the B2C platform of Taobao, which was inspired by […]

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Tencent Open B2C Platform Coming Soon

Local media reported that Tencent this week would be holding an internal meeting featured around 300 merchants discussing its buy.qq.com, signaling that the company is considering opening up its B2C platform. Having received $1billion investment from Tencent, the e-commerce subsidiary of the penguin Kingdom is speeding up. A Tencent staff revealed that, user experience and […]

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Rumor: Lafaso Completed New Round

Local media broke today that Lafaso.com, a cosmetic etailer founded by celebrity anchor Li Jing has raised US$ tens of millions lately. Lafaso hasn’t commented on the rumor yet. The site was formally funded by Sequoia China at its founding in 2008. Wang Licheng, its CEO said in an interview earlier this year that Lafaso […]

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Report: Chinese B2C Sector Reached RMB 81M in Q1

According to Beijing-based think tank AnalysysInternational’s newly released report, the total transaction value of China’s B2C market in Q1 reached RMB 81.87 million, up 7.6% from last quarter or up 73% from a year earlier. Tmall.com still leads the team (37.38%), and 360buy is catching up with a share of 17.23%. Analyst Chen Shousong from […]