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Top 50 Most Valuable Chinese Brands

Millward Brown released their second annual BrandZ Top 50 Most Valuable Brands. You can get the PDF here or view a summary below (Internet companies are bolded). Baidu, Tencent, Sina, Renren, Ctrip and Sohu are the six Internet companies that made it to the Top 50 most valuable Chinese brands; Baidu (6) and Tencent (10) [...]

Tourists Number Surged During National Day 2011

During the seven days of China’s National Day holidays, about 24.3 million tourists traveled to 119 national scenic attractions according to the National Tourism Administration. That was about 8.84% more compared to the same period of 2010. The tickets sale at these tourists attractions during this period went up by 10.57% to 1.25 billion yuan [...]

China’s Retail Sales Up 16.9% in May

China’s retail sales of consumer goods rose 16.9% year-on-year to 1.47 trillion yuan ($226.77 billion) in May this year, the National Bureau of Statistics (NBS) announced on Tuesday.

China Internet Usage Led by Web Portals as Social Networking Remains Smaller Segment of the Market

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 [...]

Taobao Expands into Offline Retail Business

Last week, Taobao announced its entry into the off-line business, authorizing supermarkets, chain stores, and school shops to become Taobao’s official shopping service stores. The first line of 150 off-line authorized stores opened on January 16, 2010. Taobao plans to open over 30,000 authorized Taobao stores. It is reported that Hangzhou Taobao off-line stores are [...]

Taobao Sales during Golden Week Reached 8 Billion RMB

China’s Golden Week (China’s National Day) online shopping market in China was heating up again. According to Taobao data, for the two weeks’ period including the National Day Golden Week, Taobao turnover reached nearly 8.0 billion yuan (or USD 1.17 billion), 120% increase compared with the same period in 2008. The National Day period, Taobao [...]