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The burgeoning Chinese economy has created many wealthy individuals, more dispensable incomes, and rapid urbanisation. Along with this economic growth the government’s liberal policies on spending have made China a very attractive consumer driven market. Chinese today, are spending more than any other consumers, they are ranked number one for spending in many fields, and…
12.12 or “double 12” is Taobao’s second shopping festival in China. On December 12, Taobao (the largest online marketplace in China with over 7 million vendors and around 800 million products), has launched its second shopping festival called 12.12 or double 12. China’s e-commerce market is still increasing due to the growing number of internet…
Jingdong mall or JD.com is the second largest e-commerce business in China. This year, the financial results of Jingdong’s third quarter have increased by 111 percent. The company receive the quantity of $11 billion (RMB 29 billion) as Gross Merchandise Volume (GMV) meanwhile, net revenues were about $4.7 billion. That means an increase of 61…
China’s e-commerce leader Alibaba recently impressed the international community by reaching more than $9 billion transaction on 11th of November 2014, this year’s online shopping festival called Double 11 in China. Experts of e-commerce’s previsions are saying that Alibaba has a key role to play in the online B2B market in China: <p style=”font-size: 1.5rem;…
Every year, on 11 November, China celebrates the “Double 11 Day”, a day for single people. Invented by some students in Nanjing in the 1990’s, this day of celebration has quickly become a “commercial celebration”, during which millions of companies and brands grant discounts and slash prices – especially on sales websites – to encourage consumption. Double 11…
Within 15 the last years the number of Internet users in China has increased from 2 million in 2000 to over 632 million today. This phenomenal increase led to a great metamorphosis of the Chinese e-commerce market. Chinese eCommerce Market Overview Despite the fact that the rate of Internet penetration in China is only 50%,…
KuanJinTong arrives to provide tax-free imported goods In Shanghai, an e-commerce platform is starting to make a name for itself. It is called Kuajingtong. Part of the Orient Electronic Payment Co, state approved-company, the idea is as follows: Based in the Shanghai Free Trade Zone it is very similar to Alibaba in spirit but for…
China smartphone market fast growth The e-commerce in China will reach 10% of the entire retail in China by the end of 2014. Therefore, company start to get really interested into the segment growing faster as ever. Most of the Chinese market is dominated by Alibaba. The company own a lot of well known website,…
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