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Top 10 Fast Growing Chinese B2C Websites in 2011

According to iResearch, the fastest growing B2C website in 2011 by total number of orders is womai.com (owned by China National Cereals, Oils and Foodstuffs Corporation; or, COFCO), followed by vjia.com (owned by VANCL) and yaodian100.com.

Understanding China’s E-commerce Market

Boston Consulting Group shared research findings this week predicting that China online shopping, will see exponential growth through 2015, with spending that could make China’s e-commerce market worth more than RMB 2 trillion and possibly surpass the size of the U.S. market. Here is a summary of some findings of BCG survey: Less than 10 [...]

A Record Single-day Turnover of 3.36 Billion Yuan Taobao Mall

November 11 (11-11) is Singles Day in China and year 2011 makes this date more special with six “1″s. And, this date is even a bigger date for China’s online retailers. Let’s take a look at how crazy China online shoppers can be on Nov 11 2011 on Taobao Mall (all participating merchants offered 50% [...]

Charts: China’s Top 10 B2C Websites in Q2 2011

The revenue for B2C platforms is commission based while B2C online retailers source products and sell.

China Online Shopping Market Reached 179.2 Billion Yuan in Q2

China online shopping market reached 170.2 billion yuan in Q2 2011, up 76.7% compared to Q2 2010. Among C2C websites, Taobao is still the dominant player with 90.3% market share, followed by Tencent’s Paipai with 9% market share. eBay’s eachnet has a tiny share of 0.7%.

Taobao Imagine: An Image Search Engine for Shoppers

Last Tuesday, Taobao launched their image search engine Imagine for online shoppers. The idea is simple: if a Chinese netizen sees something she likes and wanted to buy, she can search for that product as long as she has the image of that product.

Chart: Taobao Online Shoppers Behavior

The above graph from iResearch shows that China’s online shoppers are more active in workdays than weekend except for evening time on weekends. If we take a look at Amazon.com’s traffic trend in May, it seems to conform to the finding:

Top 10 Online Retailer in China in 2010

Total online transactions on Taobao Mall exceeded 30 billion yuan (about USD$4.6 billion) in 2010.

Groupon’s Top Competitors in China

Groupon has finally launched their deal in China on Gaopeng.com, in collaboration with Tencent. One powerful feature of the website is that users can login with their qq account and accumulate rebate points (what Tencent call “Caibei” points). Considering there are over 600 million active users on QQ platform, this is no doubt a powerful integration. [...]

Taobao registered users reached 370 million by end 2010

Taobao had a great year in 2010 with 370 million registered users and 800 million online products.

Taobao’s Groupon clone sold 200 million in 2010

Since Taobao launched Ju Huasuan, a Groupon-like website at ju.taobao.com last March, over 5 million users have purchased with total sale of 200 million yuan (or USD 30.22m) in 2010.

Benz sold 205 smart in three and half hours on Taobao

Thumbnail image for Benz sold 205 smart in three and half hours on Taobao

About two weeks ago on Sep 6 2010, Benz put up its 200 “smart” cars on Taobao‘s Groupon-like website offering 23% discount. Mediaedge:cia was the agency behind this campaign and the plan was to sell 200 “smart” cars on Taobao in three weeks’ time. Surprisingly, all cars were sold out in three and half hours. [...]

China Online Advertising Summary in Q1 2010

China’s Q1 online advertising spend in 2010 showed strong growth, with an increase of 85.4% to 6.36 billion yuan (USD 931 million) compared to Q1 spend in 2009. Baidu leads China’s online advertising market in quarter one in 2010 with total sales of 1.293 billion yuan. The next five are: Taobao: 590m yuan Google China: [...]

Taobao Announced Plan to Open its Massive Data

Taobao announced today in Shanghai its plan to open up its massive raw data, “Taobao DataCube“. Personal and corporate data will be protected. Data are provided in two ways: Directly from Taobao DataCube From third party research organizations The data from DataCube include: Industry size and trend Buyers’ characteristics such as demographics, geo-locations, and shopping [...]

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 Launched Electronics Mall

Taobao just launched Taobao Electronics Mall, a B2C platform for 13 categories of electronic products: Mobile phone mp3 player / mp4 player / ipod / digital recroder Laptop Computer and accessories / imaging products Electronics accessories Office equipment Memory card / storage devices Personal care / health / massage equipment audio-visual appliances kitchen appliances household [...]

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