During 2014 Spring Festival,over 100 million payments were made via mobile Alipay, accounted for 52% of overall payments by Alipay in this period, according to the data from Alipay Wallet (the mobile client of Alipay).
China Mobile Shopping Market Snapshot in 2013
China mobile shopping market reached 167.64 billion yuan (USD 27.459 billion) in 2013, with 165.4% YoY growth. The market kept increasing rapidly under the circumstance of a better network coverage system and higher mobile terminal penetration. In the same period, the size of online shopping by PC is nearly 1600 billion yuan (USD 262.08 billion), with a […]
Registered Taobao Stores in China’s Rural Areas Up 76.3%
Taobao and AliResearch released Taobao Village Report 2.0 on December 27, 2013. By the end of November 30 2013, Taobao (including Tmall ) registered online stores located in China rural areas increased 24.9%, and the number in villages and towns rose 76.3% compared to the end of 2012.
Alibaba B2B Transaction Reaching USD 50M per Day in 2013
Alibaba vice president revealed in public that Alibaba B2B platform 1688.com achieved daily transaction of 300 million yuan (USD 49.1 million) after a year’s transition to online wholesale transaction platform.
Top Shopping Keywords on Taobao in 2013
Taobao published top searched keywords on Taobao recently. The information could be helpful to marketers and decision makers understanding Chinese consumers’ shopping habit.
Amazon Ready to Launch AWS in Chinese Market
Sina tech news released on December 18 2013, that Amazon Web Service (AWS) achieved strategic cooperation with cloud valley belonged to China Broadband Capital (CBC). AWS finally was ready to launch AWS in Chinese market.
Alipay Yu’E Bao Fund Reached 100 Billion Yuan
Tianhong Asset Management announced on November 14 2013 that Yu’E Bao fund users surpassed 30 million, fund size reached 100 billion yuan (USD 16.32 billion). It was the first Chinese money fund over 100 billion yuan, ranking 51 in the world.
60 Million Packages Processed on China’s Bachelor’s Day
Double 11 in 2013 created 152 million packages; and, in 2012, the number was 78 million. About 100,000 packages were created in one minute. It is a huge challenge for logistic companies.
Taobao Launched O2O Takeout & Delivery Service
Alibaba claimed that its Taodiandian group would launch takeout and delivery service on November 6, 2013. Taodiandian is a mobile O2O app launched in June 2013, aims at serving local users. There are already over 10,000 shops on Taodiandian, including small restaurants, fruit shops,Patisseries and tea shops. Taodiandian is still testing its takeout and food order […]
Sina Weibo To Launch Weibo Finance Platform
Since the launch of Baidu Finance Center on October 28, 2013, Sina Weibo, with 500 million users, also announced on October 30 that it would launch a finance product – Weibo finance platform.
Double 11: More Than 80 Million Added Favorites In Shopping Cart
Double 11 , the Bachelor’s Day in China, has become a shopping carnival year by year, millions of people are purchasing at the same time. You really don’t have time to choose and pick, or your favorite products would be sold out in a few seconds. Consumers have learned to add favorites in shopping cart […]
Yiwu B2B Online Transaction To Reach 5 Billion Yuan in 2013
Alibaba’s data showed that in the first half of 2013, Yiwu B2B online transaction reached 2.51 billion yuan (USD 410 million). It is expected to hit 5 billion yuan (USD 816 million) by the end of 2013. Yiwu, a city in the central area of Zhejiang province in China, is one of the most active […]
Baidu Finance Center Outperformed Alibaba Yu’E Bao On the First Day
Baidu launched its finance center on October 28, 2013, within 5 hours, Baidu sold out 1 billion yuan (USD 163 million) worth of money fund. Baidu aimed at offering a finance product with a 8% annual percentage yield (APY) in cooperation with China AMC (China Asset Management Co.). Over 120,000 users bought Baidu money fund, […]
Alibaba Yu’E Bao Fund Size Hit 55.6 Billion Yuan
By the end of September 2013, Yu’E Bao Tianhong Asset Management fund reached 55.6 billion yuan (USD 9.08 billion), the largest fund in China market. The total fund size of Tianhong Asset Management had increased 4 times. Yu’E Bao fund reached 4.24 billion yuan (USD 693 million) in Q2 2013, growing by 1211.33% in Q3. […]
Double 11: B2C Enterprises Promotion War Upgraded to Offline Retailers
Double 11 is yet to come, the competition between B2C platforms has upgraded. On October 17 2013, Tmall and Yintai shopping mall reached to an agreement of developing China O2O business model. Except for Yintai, more than 30,000 offline stores would join Tmall’s Double 11 promotion.