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Shoppers are turning their backs on the supermarkets and now they are purchasing food products via internet. The popularity of online grocery shopping is rapidly increasing. Rise of the disposable income, growth of the middle class, higher internet penetration rate, increased desire for a better lifestyle have led Chinese consumers to increasingly choose e-commerce over traditional retail…
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…
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%,…
Xiaomi is the company to keep an eye on As of late it is Xiaomi you should focus on if you are a Smartphone market fan. A report from Canaly reveals that within a year Xiaomi has risen to the top of the Chinese phone makers effectively pushing down well-established brands like Lenovo or…
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