A community based e-commerce platform penetrated 10 million households
Founded in 2018, Shihuituan is a gourmet community e-commerce service platform. It focuses on fruits and vegetables as well as household items targeting the community
China Internet Stats, Trends, Insights
Retail & E-Commerce
Introduction to Xiaomi’s e-commerce platform Youpin
Youpin is where Xiaomi’s aspirations for extending the boundaries of its core business lies. Its product categories have been extended from core products smartphone and
Mid-year shopping war is on; Tmall half day GMV broke last year full-day record
Tmall 618 Campaign On 1st of June, Tmall 618 mid-year shopping festival reached its first peak. Within less than one hour, from midnight to 1:00
Tmall & JD accounted over 80% of B2C e-commerce in China
China’s online shopping market expects to see total transactions of US$1.44 trillion by 2019. The market share of B2C e-commerce dropped to 56.2%, with Tmall
80% of Chinese consumers’ unplanned shopping comes from social e-commerce
Chinese social e-commerce companies have been growing at a compound annual growth rate of 100.6%. Their penetration rate has increased to 11.9%. 80% of internet
China consumer retail sales grew by 8% from Jan to Apr in 2019; 23.7% online
In April 2019, China’s total retail sales of social consumer goods reached 3,058.6 billion yuan (US$442.82 bn), up by 7.2% year-on-year nominal growth rate (excluding
Top comprehensive e-commerce apps in 2018
Market penetration of comprehensive e-commerce mobile apps in China increased steadily to 67.3% in December 2018. Mobile Taobao led this market with a penetration of
Meituan’s annual transacting users grew by 26.4% to 412 million in Q1 2019
Meituan Dianping’s total revenues increased by 70.1% year-over-year to RMB19.2 billion in Q1 2019 from RMB11.3 billion in Q1 2018 and decreased by 3.2% quarter-over-quarter
Online discount retailer Vipshop’s active customers close to 30 million in Q1 2019
Vipshop, China’s leading online discount retailer for brands, announced its unaudited financial results for the first quarter ended March 31, 2019.
Tencent testing a new social shopping feature on WeChat
During the night of May 11, WeChat “quietly” made a major update to the “Goodies Circle”, which was praised by the industry as the “shopping
E-commerce platform Pinduoduo saw huge increases in both revenues and operating losses in Q1 2019
Pinduoduo’s GMV in the twelve-month period ended March 31, 2019 was RMB557.4 billion (US$2 83.1 billion), an increase of 181% from RMB 198.7 billion in
Alibaba performance in Q1 and fiscal year 2019
Alibaba reported fiscal year revenue growth of 51% as well as robust user growth and engagement. Excluding the effects of consolidating acquired businesses, revenue would
CIW eBooks
eBook: How a community based e-commerce startup managed to reach 60 cities and 10 million households in China
E-commerce startup Shihuituan has over 150 million GMV and reached 10 million households across 60 cities. It aims to be the Uber of convenience stores.
eBook: Brick & Mortar Retail’s Transformation with WeChat Pay Smart Store
In the past, consumers may need to open a mobile app, or a small program, which takes about four or five steps to complete payment.
eBook: The digital transformation of China’s largest wool and textile enterprise
In 1935, Heng Yuan Xiang invested in a factory to produce own wools to fight against the monopoly of imported goods. In 2017, the annual