Forbes published its China Rich List 2013 on October 16, Baidu CEO Robin Li ranked the third in China Rich List. Tencent’s CEO Pony Ma and Alibaba’s founder Jack Ma were all on the top 10 list. Forbes’ China Rich List collected 168 billionaires, much more than last year’s 113 billionaires. The total wealth of […]
China Online Advertising Platforms Market Update in Q3 2013
According to EnfoDesk, market scale of China advertising platforms in Q3 reached 28.77 billion yuan (USD 4.7 billion), 24.2% more than Q2 2013.
Data Analysis: Secrets Behind Taobao Traffic and Conversion Rate
Every seller on Taobao knows that conversion rate is very important, but how important is it? How it affects traffic? We are going to unveil the secrets behind Taobao conversion rate. Taobao conversion rate, which is the proportion of visits to the store who purchase products. Sales=traffic * conversion rate * average per consumer transaction
Preparing For Double 11: The Battle Over Logistics Begins
Although Double 11 is one month ahead, big B2C platforms are busily preparing for logistics. Last year, the battle over Double 11 began with the competition for brands. This year, the prologue is logistics. Some enterprises revealed that Jingdong’s emails claiming that it would offer logistics compensation and traffic compensation. Experts said Jingdong aimed not […]
1688.com Suppliers Integrated in Taobao Search
Alibaba has connected its B2B platform 1688.com with its C2C platform Taobao. Last September, Alibaba integrated 1688 accounts with Taobao ones. Now, Alibaba integrated 1688 suppliers and wholesalers information in Taobao search results. For example, if you search “steel” in Taobao, you can get 4 products displayed in the search results, with company name, location […]
Alibaba B2B Single Day Transaction Broke USD 679 Million
1688.com, Alibaba’s domestic B2B platform in China, announced on September 5 2013, that the total amount of online transaction on September 4 2013 broke 4.19 billion yuan (USD 679 million). A new record in global B2B market. On September 4, 2013, 230,000 sellers on 1688 made 2.52 million transactions, online transaction in single day mounted […]
China E-Commerce Market Exceeded USD 713 Billion in H1 2013
By the end of June 30 2013, China e-commerce transaction reached 4.4 trillion yuan (USD 713.27 billion), which grew 24.3% compared to last year. B2B transaction totalled 3.4 trillion yuan(USD 551.17 billion), with a 15.3% YoY increase. B2B revenue in the first half of 2013 reached 9.38 billion yuan(USD 1.52 billion), with a 25.9% YoY […]
Top 10 China B2B Platform in Q2 2013
According to 52b2b.cn research, the top 10 B2B platforms ranked by brand influence in Q2 2013 were: Alibaba B2B, HC, Global Sources, DHgate, Focus Technology (Made in China), 315.com, Shengyibaoku, Shanghai steel Union (My steel net), the global market, B2B.com and IBI.
Top China Social Sharing Websites in July 2013
For quite a long time, Sina Weibo and Qzone took the first and second place in terms of China social media sharing ranking, and in July, Sina Weibo beat Qzone to be the top one.
Alibaba and Tencent Challenging Banks?
Alibaba is said to be launch its credit payment service very soon, allowing users to use up to 5000 yuan(USD 810) credit to pay for purchasing. At the mean time, the newly launched Wechat 5.0 draws a lot of attention for its payment service. Internet companies like Alibaba, Tencent, 360buy and Jingdong Mall are all […]
Tencent’s Latest Weibo Threatening Alibaba Taobao
Taobao stated on August 12 shutting down QR code access within one month. Alibaba said this was to prevent possible advertising and even fraud from some sellers, who used QR code to avoid normal transaction procedures on Taobao. About 10 days ago, Taobao just shut down the interface between its platforms and Tecent’s Wechat (or Weixin […]
Alipay to Launch Offline Payment
Alipay is going to launch offline payment partnering with Ubox to be its first partner next month. Consumers could use offline in bad internet connection areas. Ubox is a Chinese top vending machine company, which developed its own app for mobile payments at vending machines. Now it will be the first company to support Alipay’s […]
Alibaba and Sina Exploring “Social Commerce” Business Model
Alibaba and Sina released “Weibo for Taobao” version on August 1, 2013. Before that, they had linked their accounts, and cooperated in various areas, such as exchanging and sharing their user data, online payment and internet marketing, etc. They combined social media and E-business platform to explore a totally new area: Social Commerce.
China Top 100 Internet Enterprise in 2013
The revenue of Top 100 Internet enterprises in China was over 200 billion yuan (USD 32.44 billion). The top three giants were Tencent, Alibaba and Baidu, their revenue together surpassed 100 billion yuan(USD 16.22 billion). Internet industry has been highly concentrated and has achieved economies of scale. The top 100 enterprises covered comprehensive industries. 90% […]
China SME B2B Market Close to 5 Billion Yuan
China SME B2B total revenue is 4.96 billion CNY in Q2 2013, which has a year-on-year growth of 19.2% and QoQ increase of 7.4% according to data from iResearch. Compared to Q1, the year-on-year growth in Q2 slowed down, but QoQ growth goes up a little. Due to international market sluggish, China SME B2B growth […]