One month after Alibaba Double 11 online shopping festival on Singles Day in China, Alibaba launched Double 12 online shopping festival on its C2C website Taobao.
Taobao: China's No. 1 Online Marketplace
Known as China's eBay, Taobao is a huge online marketplace China internet users and merchants buy and sell products and services.
Total transaction value of China online shopping market reached 1.15 trillion yuan (US$166.85 billion) in Q3 2016, up 23.6% YoY or 2.6% QoQ, according to data from iResearch.
Mobile MAUs on Alibaba China retail marketplaces reached 450 million in September 2016, an increase of 23 million over June, while annual active buyers reached 439 million, an increase of 5 million from the 12-month period ended in June.
The monthly active users (“MAU”) of WeChat reached 818 million in September 2016 with an increase of 32.8% YoY according to QuestMobile. Its daily active users (“DAU”) exceeded 625 million.
GMV transacted on Alibaba China retail marketplaces was RMB837 billion (US$126 billion), an increase of RMB164 billion (US$25 billion), or 24% year-over-year, with mobile GMV accounting for 75% of total GMV according to Alibaba.
Alibaba surpassed RMB 3 trillion in annual GMV in March 2016; and, its revenue for the year was over RMB 100 billion, up by 39% YoY according to the announced financial results.
Tmall Global was officially launched on Feb 19 2014 by Alibaba which is designed for supplying imported goods for domestic consumers.
72% China online shoppers keep online all day according to a recent survey conducted by Epsilon.
Alibaba’s China retail marketplace platforms surpassed RMB 3 trillion (US$476 billion) in GMV in its fiscal 2016 which ends March 2016, as of 21 March 2016 at 14:58:37.
Transactions of China’s apparel online shopping market reached 413.05 billion yuan (US$65.08 billion) in H1 2015, including women and men’s clothes and excluding bags, shoes and children’s clothes.
Transaction value of China’s mothercare products on the online shopping platforms reached 190.24 billion yuan (US$29.67 billion) in the first half of 2015, including products such as infant formula, supplementary foods, diapers, baby supplies, baby clothing, toys, pregnant women supplies and so on.
Alitrip has cooperated with Sina to launch a tourism product Qingtingke during this year’s Double 11. This product provides resources and support to Weibo WeMedia owners and influencers in travel industry to enrich tourism product categories and improve destination tourism resources.