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 […]
Search results
Posted inNews
China’s M-commerce Turnover Rockets 378% YOY to 254B Yuan in H1 2014
China’s high-speed increase of e-commerce industry in the past decade seems to drawing to a close in recent years. According to report released by China e-Business Research Center, Chinese e-commerce volume sales increased by 43.9% YOY from 754.2 billion yuan (around US$123 billion) in H1 2013 to 1.08 trillion yuan in H1 2014. The whole-year sale […]
Posted inNews
LightInTheBox President Kevin Wen on Building a Cross-border Online Retail Business
Chinese online retailer LightInTheBox was aimed at global audiences from day one, Kevin Wen, co-founder of the company, told us today at 2014 TechCrunch China/ TechNode event in Beijing. Back in 2007 when LightInTheBox was founded, there were only three well-known e-commerce sites in China, Taobao, Dangdang, and Joyo (would be acquired by Amazon). And all of them were targeting […]
Posted inNews
B5M Claims It’s the Largest Independent Shopping Search in China, Announcing $16 million Series B Round of Funding
B5M claims it’s now the the largest independent shopping search service and the second largest after Alibaba’s Etao in China. Launched in December 2011, B5M has indexed 300 million items from Taobao & Tmall, over six thousand business-to-consumer sites, over 200 group-buying sites and over 40 social shopping websites. There are more than 3 million visitors and 50 million […]
Posted inNews
New Features That Helps WeChat To Gain Foothold In B2C Sector: Alexis Bonhomme, GM of WeChat Integrated Agency Curiosity China
Although instant messaging tools are most commonly used by individuals for personal communication (C-to-C), WeChat, a leading Chinese IM app, gradually established its presence as a major channel of online marketing (B-to-C). The newly launched WeChat 5.0 gives special focus to business users by adding a list of new features that caters for the business […]
Posted inNews
How Tiger Fund Hunts Techie Pandas
Nov. 21st , YY Inc. priced its 7.8 million share IPO in Nasdaq at $10.50 and began trading on that day. In 2011, Tiger invested $76m in YY, and now the value was almost halved to approximately $40.27m. Since 2003, Tiger Fund has started sowing seeds in China tech industry, with ecomm being its main […]
Posted inNews
Taobao Turns Ten: A Look Back
Taobao — “exploring treasures” in Chinese — now is a household name in China. Ten years ago, Alibaba wanted to try out the online auction by putting up a Nokia phone online. That phone turned out to be the first item on the customer-to-customer platform. eBay-like auction, however, never prevailed in China. Taobao simply became the biggest marketplace for online […]
Posted inNews
The Bloody Price War Starts At 9am Today, 360Buy Vs. Suning/Gome/DangDang/51Buy
Believe or not, starting at 9am today (15th August, 2012), several major B2C sites will cut down the price of all home appliance, and everyone promises they will offer the cheapest price. In the bloody price ware, one side is 360buy, and the other is the union of Suning, Gome, DangDang and 51buy.
Posted inNews
U.S. Black Friday Versus Chinese Double-Eleven Day
Black Friday, the kick off to the holiday season for brick-and-mortar retailers, has been envied, and then been borrowed and repainted into the Cyber Monday by U.S. etailers. Black Friday in this year recorded more than US$ 1.04 billion in sales, according to comScore. As for Cyber Monday, sales is expected to hit US$1.5 billion. […]
Posted inNews
Meilishuo: 32 Millions Chinese Users, 80000 Serial Pinners
[Editor: The article is written by Laure de Carayon (@laure2carayon) of China Connect (@chinaconnectEU)] China’s digital ecosystem is a vibrant scene. Among the (numerous) new players, Meilishuo, the Fashion social network with almost 5 millions followers on Sina Weibo, has a growing audience and major brands are joining. The following is the exclusive interview of […]
