In the respect of the development of small and medium-sized B2B enterprises, the international need is declining and the growth of total revenue is slowing. However, with the trend of foreign trade market turning better and more and more beneficial policies releasing, China SME B2B business had a better quarter in Q1, 2013. [Read more...]
With the release of Alibaba’s Q4 financial results in 2012, the rank of top 3 internet companies, including Baidu, Alibaba and Tencent, has changed finally. Because of the great performance in the last quarter of 2012, Alibaba has risen to the top, becoming the top-earning internet company.
The annual financial report of Alipay, part of Alibaba Group, showed that half of Alipay revenue came from Taobao. In the top 10 cities of per capita Alipay expenditure listed in the statement of account, four cities of Taiwan are included. Perhaps more surprising is that Taiwan’s Chiayi City climbs atop. The per capita Alipay expenditure of Chiayi is 180% of Hangzhou, where the headquarters of Alipay locates.
At the present stage, the volume of business transactions of Taiwan accounts for less than 1% of the total volume of Taobao. In 2012, Taobao officially set up an office in Taiwan. While on 11 November, 2012, the total sales volume of Taobao reached 19.1 billion yuan, which amounted to twenty times the daily volume of retail sales of Hong Kong. This indicated that Taobao has the ability to deal with 1205 orders in one second. This is almost four times the speed that Amazon.com made during the Christmas in 2012. Analysis suggests that there are 16.8 million netizens in Taiwan, as many as four times the that of Hongkong. [Read more...]
According to Enfodesk, Alibaba led the B2B market with the 47.9% market share, followed by Global Sources and HC360 ,with market share of 10.6% and 4.0% respectively.
Eofodesk held a view that China’s B2B market is now in times of change, and every enterprise is going through the transformation according to their advantages and features.
According to Enfodesk, Baidu accounted for 30.9% of the total online ad revenue in China; Alibaba for 15.3%, and Google China for 6.2%.
The chart above will give you an overview of China’s online retail market. [Read more...]
Recently, Alibaba Group announced that by Nov 30 in 2012, total Taobao sales (including Tmall and Taobao.com) exceeded 1 trillion yuan (USD160 Billion).
Great Potential of Domestic Consumption
During last month’ Bachelor’s Day Promotion, Taobao accomplished sales of 19.1 billion yuan (USD3.07 billion) in only one day. Not only did this figure reflected the strong consumer demand, but also represented the great growth of consumption, mostly generated from third- or fourth-tier cities.
Clearly, the consumption growth of third- or fourth-tier cities, which was 60%, was much higher than that of first- and second-tier cities. Meanwhile, enterprises in Yangtze Delta and Pearl River Delta, who previously hindered by limited exports, now have ushered in new opportunities following the trend of e-commerce. [Read more...]
What is the hottest word among Chinese netizens these days? It’s the “Bachelor’s Day Promotion”. Almost every netizen has got the invitation for this ceremony whether or not you are a bachelor.
About Bachelor’s Day Promotion in China
November 11th has become a special festival during recent years. With four characters of “1”, this date was named as Bachelor’s Day. On this day, young people will hold bachelor parties to create couples or simply have fun. Some choose to end their bachelor life by showing love or proposing for marriage.
In 2009, Alibaba held the first Double Eleven Shopping Festival on Taobao.com, storming the online shopping for the very first time. Three years later, with coming 2012′s Bachelor’s Day, more than 10,000 businesses, cooperating with e-commerce sites, are poised to rock the shopping festival again. [Read more...]
Recently, Aliyun and Acer cancelled the launch event for the latest smartphone. It is said that because of the obstruction from Google, the launch event had come to a temporary cancelation.
Last Tuesday, Acer made an announcement that they were going to launch a new smartphone A800 with Aliyun mobile OS. Developed by Alibaba Group, Aliyun mobile operation system beard the mission of countervailing with Google’s Android System. However, the planned launch event, which should have started on the afternoon of Sep 13, turned out to be cancelled only one hour before the start time. [Read more...]
Beijing University and Alibaba Research Center jointly issued a report on “Those started online shops”.
The report demonstrates that large number of part-time sellers swarm into the main forces of online selling, which accounts for 70% of the whole online retailers. They are white-collars, students, unemployed youths, housewives, farmers and even retired workers among. Except for conventional supplies like clothes and accessories, primary products, crafts and local specialties are brought onto the online shelves. [Read more...]
The most innovative company in China is Tencent, according to Fast Company’s Top 10 List.
Other Internet companies include Renren (6, the most popular social networking site in China), Innovation Works (8, Beijing-based investment company providing in-house coaching and funding to early-stage companies, led by Google China’s ex-president Kai-Fu Lee) and Alibaba (9).
- Suntech Power
- Innovation Works
eTao, Alibaba’s online shopping search engine, announced its plan to provide seamless one-stop online shopping experience for internet users.
eTao is a comparison shopping search engine and currently it has indexed over 600 million product items covering over 2,000 b2C merchant and 660 daily deal websites. The new feature enables uses to login with either Taobao account or Alipay account, search and purchase goods on eTao without requiring another login. [Read more...]
A recent comScore study reveals that portals commanded the largest share of online minutes, accounting for 24.4% of total time in Greater China (including Taiwan and Hong Kong), followed by the Entertainment (9%), Search/Navigation (6.2%), Social Networking (5.5%) and Retail (5%)site categories.
These five categories combined accounted for half of all time spent online in Greater China during April. [Read more...]