Established in 2001 as a subsidiary in China, Amazon China once went through a nosediving period. By building and promoting cross-border shopping strategy, Amazon China has begun to make some initial success in 2015.
China’s cross-border shoppers reached 18 million and generated revenues of 140 billion yuan (US$21.75 billion) in 2014 according to China Electronic Commerce Research Center and China General Administration of Customs.
More and more overseas e-commerce websites providing the service of direct shipping to China appear. On the one hand, they can rapidly occupy the position in the Chinese market. On the other hand, they make customers enjoy more convenient shopping. In the U.S., many large merchants that sell products covering general goods, fashion clothes, products […]
According to Weibo’s daily influence index, Tmall, OKHQB, and Dangdang performed best on Weibo among 1,613 active Weibo accounts in B2C e-commerce category in 2014. 92% of those active e-commerce Weibo accounts are vertical websites, the most of which is clothing and accessory category. Ranked by daily influence index by Weibo, OKHQB.com is an e-commerce website […]
Amazon China announced the official launch of the direct shipping service and a Chinese website for Chinese shopping overseas.
Taobao’s mobile app MAUs exceeded 131.982 million in August 2014 in China according to EnfoDesk, remaining the most popular online shopping mobile app by total MAUs, followed by Tmall and Jingdong.
Some China internet users observed the shipping charge of some products at Amazon US store are reduced, which indicates Amazon’s efforts in cross-border e-commerce.
Amazon China announced a tripartite memorandum of understanding with China (Shanghai) Free Trade Zone (FTZ) and Shanghai Information Investment Co., Ltd.
China mobile shopping market total transactions reached RMB168.39 billion (US$27.3 billion) in the second quarter of 2014, representing 26.8% of total online shopping transactions in the same period in China, an increase of 24.6% compared with the first quarter.
Transactions generated from Chinese B2C online retailers reached RMB284.5 billion, 40.4% of China’s total online shopping transactions in Q2 2014; and it is expected to continue to grow and surpass C2C online retail market in 2015.
Tmall, JD, Amazon are well known online retailers in Chinese market, but who else? Here is the inforgraphic of the top 30:
Morningstar puts Alibaba’s equity value at $220 billion and expects the Chinese e-commerce giant’s IPO to raise $26 billion. Alibaba is China’s e-commerce giant, in many sectors including B2B, B2C and C2C on both mobile and PC online shopping. Is Alibaba generating more revenue than Amazon? Let’s take a look:
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.
China’s total online shopping revenue in B2C market reached 181.92 billion yuan (USD 29 billion) in the first quarter of 2014, up by 44.6% compared to the same period in the previous year, with much faster growth than C2C market (up 18.3%) according to data from Chinese research company iResearch.
Word said that Alibaba’s evaluation grew 9.8% because of the Q4 good financial performance in 2013. According to Bloomberg’s data, Alibaba’s evaluation reached $168 billion, in that way, Alibaba would surpass Amazon’s market value. Carlos Kirjner, Sanford Bernstein’s analyst, claimed that Alibaba’s evaluation was too conservative and suggested to increase Alibaba Group’s evaluation to $245 billion.