eBay quietly returned to Chinese market in cooperation with a Chinese fashion site xiu.com, appeared on Jingdong in June 2013. Xiu.com, a Chinese leading online luxury retailer, was founded in 2008. Now Xiu.com is cooperating with the three big platforms which are eBay, Gmarket and Karmaloop. And it has got 50 luxury brands authorization.
According to iResearch, in Q2 2013, China online third party payment transaction hit 1,121.65 billion yuan (USD 181.83 billion), with a 10.2% QoQ growth. However, YoY increase kept going down, with only 28% in Q2 2013. Online shopping, air tickets booking and game segment markets were saturated, online payment was steadily growing. As mobile online […]
iResearch recently released its China Internet Data Report in Q2 2013, giving us a glimpse of China internet performance in Q2. Online Markets and Online Advertising As you can tell from the chart above, Mobile won over PC devices on internet segment markets growth, such as shopping, searching, marketing(searching excluded) and game. Online shopping and […]
According to iResearch,Chinese online transaction market scale reached 352.1 billion yuan (USD 57.52 billion), with a year-on-year increase of 36.6%. B2C has surpassed 30%, increasing 10% compared to last year. Tmall is leading B2C market, with 51.3% online market share in Q2, while Jingdong tops independent sales B2C market with 43.4% share.
According to Hitwise, Jingdong is the most visited B2C website with over 462 million visits, who also had the fastest month-on-month growth of 30%.
The General Slowdown of Online Shopping Market According to iResearch’s latest quarterly statistics of China online shopping market,total transactionss in Q3 2012 totaled 284.42 billion yuan (USD45.62 billion), with QoQ growth of 5.9% and YoY growth of 43.9%.
In 2012, the number of China online shopping users reached 220 million, far exceeding 150 million in the U.S according to eMarketer. It is estimated that there will be 423.4 million internet users who make at least one purchase in 2016.
Bachelor’s Day now has less to do with one’s relationship but more about online shopping. Total transactions on Taobao and B2C shopping mall Tmall.com reached 19.1 billion yuan (or about USD 3.07 billion).
In Sep 2012, Tmall was catching up with 360buy and the gap was gradually reduced. Meanwhile, Suning slipped one spot to the fourth and Vancl even dropped off the top 10. With the coming “11.11”, so-called Bachelor’s Day, we can expect to see fierce competition among China B2C online retailers.
According to Hitwise data, Weibo is playing a more important role to e-commerce websites in China, compared to Facebook and Twitter. A total of 6.5% Sina Weibo users visit e-commerce websites after visiting Weibo including daily deal sites, C2C websites (like Taobao) and B2C Websites (like 360buy.com).
China’s first quarter online shopping transactions was 228.2 billion yuan, down 0.8% over the previous quarter but up 40.9% over the same period last year.
No one seems to be able to replace Taobao as the number one online shopping portal whose total sales last year exceeded 100 billion yuan (about USD $15.88 billion) with strong growth in mobile.
Total transactions of China’s B2C market reached 240.07 billion yuan (USD 38.03 billion) in 2011, with an increase of over 130% compared to 2010. Source: EnfoDesk, Analysis International
According to iResearch, the fastest growing B2C website in 2011 by total number of orders is womai.com (owned by China National Cereals, Oils and Foodstuffs Corporation; or, COFCO), followed by vjia.com (owned by VANCL) and yaodian100.com.
Only a few years ago, Chinese consumers made most of their luxury goods purchases abroad. Today, 60% are made in mainland China, says McKinsey. China’s second quarter luxury online sales reached 3.45 Billion yuan (about USD $540 million), according to Chinese research company Analysis International.