Wechat added a new feature yesterday for its public account platform to enable verified Wechat Official service accounts, who have integrated Wechat payment, to set up online shop easily.
Archives for May 2014
Alibaba’s Ambition in Online Pharmacy Retailing
Alibaba’s B2C platform Tmall has a section offering online medicine purchase, on which the products are co-operated with other pharmacy e-tailers.
Case Study: Xiaogou Electronics’ Success on Taobao
Xiaogou Electronics was founded in 1999, becoming one of the successful companies who made a success on Taobao/Tmall, successfully transforming its traditional business to e-commerce operation.
Alibaba Investing SGD 313 Million in Singapore Post
Alibaba announced through its official Weibo that it will invest SGD 313 million (about USD 249 million) in Singapore Post (SingPost) for 10.35% share in SingPost.
China Online B2B Market Update in 2013
China’s online B2B market reached 16.98 billion yuan with total transactions exceeding 7 trillion yuan.
JD.com Launching Wechat Shop
JD.com’s Wechat shop is currently being targeted among some Wechat users in Beijing and Shanghai with updated Wechat version 5.3.
China’s Top Online & Mobile Online Payment Providers in Q1 2014
Total online payment market in the first quarter of 2014 reached 1.96 trillion yuan, a growth rate of 5.1% QoQ. The top three providers, Alipay, Tenpay and Unionpay represent over 80% of the total.
PwC Recommending Video and Coupon for China Mobile Advertising
Video is ranked as the most popular with 36% of respondents placing it as their most preferred format for mobile advertising, according to a PwC report released this month.
Wechat Restricting Total Number of Friends to 5,000
Besides setting up a Wechat official account, many businesses in China set up personal Wechat account for business purpose. Tencent closed personal accounts who had more than 20,000 friends some time ago and just decreased the limit to 5,000 this week, discouraging the use of personal account for business purposes.
Estee Lauder First Day Tmall Sales Data Leaked
Estee Lauder launched their official online shop on Tmall on 21 May 2014 and the total sales reached about 3 million yuan on the first day according to leaked sales data online.
The Launch and Fall of Burberry’s Tmall Flagship Store
Burberry officially launches Tmall flagship store on Apr 23 2014. This is the first time that an international Luxury brand enters into the third-party online shopping platform, which is some quite surprising. According to its recent sales report of the website, its flagship store on Tmall sold only 132 products in 18 days, including 32 […]
PwC: 77% Chinese Buying Products on Mobile Phones
77% correspondents said “yes” when asked whether they used mobile phones to buy products, much higher than the global average of 43% according to a PwC survey.
Status of China’s Professional Social Networking Market
The total number of business social networking users in China was only 3.7 million in 2008 but experienced high growth rate last year to over 31 million according to iResearch January data.
Amazon Investing USD 20M in China’s Online Food Retailer Yummy77.com
Amazon announced its investment of USD 20 million in China’s online food retailer Yummy77.com. Amazone entered Chinese market ten years ago with the acquisition of Joyo.
How Chinese Online Shoppers Engage with Brands on Social Media
In a study by Waggener Edstrom, Chinese online shoppers are most likely to say obtaining information about products and services tended to be number one way they engage with brands on mobile.