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It’s very clear that domestic luxury in China has become heating up, and e-commerce means an essential opportunity for brands to offer to digitally savvy Chinese individuals. According to KPMG, approximately fifty p.c of luxury goods sales in China might be built online by 2020. The major e-commerce players in China With all the significant…
Amazon released its Key membership method in China very last Oct, however it has not found substantially results within the nation considering that then, The Wall Road Journal studies. The Seattle-based e-commerce titan experienced only one.3% of the Chinese on the web retail marketplace in 2016, down in the close to 2% it had in…
Wal-Mart recently re-adapted its online strategy in China selling a part of its investment in Yihaodian to Alibaba’s rival JD.com. Clever move In an attempt to revise its overall strategy one the Chinese market, Wal-Mart stores Inc. has sold its Yihaodian platform to JD.com (China’s second e-commerce firm). The news is surprising as the American…
WeChat offers amazing opportunities for e-commerce in China With a turnover of over 13,4 trillions of yuan in 2014, a growth of 31,4% and over 649 million cybernauts, the e-commerce market in China has already overtaken the American market and the opportunities are infinite. Cultural, organizational and strategic differences, China has developed its own manners, far from…
Mobile phone (e)commerce in China increased by 168%. A growing rise Chinese people are well known to spend a lot of time on their smartphone and this is not only to play games or chat with a friend. Indeed, they also order a lot through their device. These last years, purchases via smartphones increased by…
Alipay, the famous payment service developed by Alibaba is knowing a huge success throughout China and is looking forward to take its services overseas. Platforms like Aliexpress or Tmall Global are already aiming to a more internationalized market and now it is time for Alipay to follow the same path, the cross-border path. Alipay is…
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…
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%,…
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