Alibaba.com launched a new dropshipping solution and a US$500,000 grant program to enhance SMEs’ e-commerce capabilities on 7 September 2021. Merchants can purchase products from third-party suppliers that can ship products directly to the consumer.
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Mini Programs (MP) are light applications designed to run on top of a specific mobile app. Top technology companies in China have designed and run their own mini-program framework; and, the most popular ones include WeChat platform, Alibaba (Alipay platform; Taobao platform), Baidu Smart Program, and QuickApp. Lifestyle service is the most popular category on […]
In the first quarter of 2021, the sales in China’s FMCG market increased by 10.5% year on year or 3.1% over the same period of 2019. The main driving force of growth comes from the southern market and online channels, according to CTR. The National Bureau of Statistics recently released that the GDP in the […]
Alibaba reported 925 million mobile monthly active users (MAU) in its retail marketplaces in Q1 2021 while Pinduoduo’s average MAU in the quarter reached 724.6 million. See the quarterly average MAU trends below.
The number of annual active consumers on Alibaba’s China retail marketplaces reached 811 million as of March 31, 2021 while JD.com’s annual customers grew by 29% to 500 million and Pinduoduo’s active buyers grew 31% to 823.8 million in Q1.
COVID-19 generated an increase in demand for online sales of physical goods due to quarantine restrictions imposed in many countries.1 Overall retail sales declined by 1% in a group of seven countries in 2020 included in a UN report while online retail grew by 22%.
Tencent has the highest reach of 96.3% of China mobile internet users in 2020. Alibaba and Baidu reach 95% and 91% mobile internet users respectively while ByteDance follows closely with over 67% reach.
Recently, Alibaba has set up an MMC business unit to focus on the community group buying business, integrating the community group buying business of Lingshoutong and Hema Jishi. The business group leader is a partner at Alibaba Dai Shan, who is the eleventh employee of Alibaba and also the president of Alibaba’s B2B business group. […]
In Q1 2021, Alibaba’s China retail marketplaces had 925 million mobile monthly active users (MAUs) and 811 million annual active customers, according to its announced financial results.
Double 11 in November is the largest shopping festival in China and Alibaba promotes it with Tmall platform. Double 12, following Double 11 in December, is also an important annual campaign for e-commerce platforms. Taobao started Double 12 and this year is the 10th year. It has a new proposition: strengthening the user’s mind of Taobao […]
Jingdong (JD.com) total 11-day sales during Double 11 2020 grew by 32% YoY and reached 271.5 billion yuan (US$41.02 bn) in GMV. Tmall’s 11-day Singles’ Day sales reached 498.2 billion yuan (US$75.27 billion) with an increase of 26% YoY.
BMW and Alibaba signed a Memorandum of Understanding (MoU) for a strategic partnership in Beijing this week.
Alibaba today announced it will invest approximately USD3.6 billion in respect of Sun Art Retail Group Limited (Sun Art), a leading hypermarket and supermarket operator in China, that will raise its aggregate direct and indirect stake to approximately 72% .
Alibaba is launching Hema x Member on the coming National Day 1 October 2020 in Shanghai, the first domestic funded warehousing membership retail brand in China. The first Hema x Member store will be officially opened on October 1st on the B1 floor of Senlan commercial center in Pudong, Shanghai, covering an area of 18,000 […]
Alibaba Group revealed its New Manufacturing model for the first time with the unveiling of Xunxi Digital Factory (“Xunxi”) on 16 September 2020.