Chinese cross-border e-commerce players took advantage of Black Friday to launch a big promotion for imported goods. To some extent, Black Friday is more distinct in theme for cross-border e-commerce than Double 11. Sales of many direct delivery products were more than doubled on JD.com. NetEase Kaola saw sales exceeding the entire sales of last year’s […]
Ymatou: Intro, News, Statistics & Insights
What is Ymatou?
Zeng Bibo, founder and CEO, graduated from the junior class of Shanghai Jiaotong University in his early years. After joining eBay China for several years, he went to the United States to study.
He found that there was great potential for overseas shopping market. He joined partners in the field of e-commerce and IT technology to create a platform for domestic customers to buy American goods on behalf of foreign terminals, attracting consumers with low-cost, high-quality brand goods.
At this stage, the sellers stationed on Ymatou can be divided into two categories: one is the individual buyer on the C2C model, and the other is the merchant on the M2C model.
The total GMV of China’s online shopping market totaled 6.1 trillion yuan (US$953 billion) in 2017, rising 29.6% from a year earlier and showing a pick-up in growth, according to the latest data from iResearch. China’s B2C online shopping market totaled 3.6 trillion yuan in 2017 accounting for 60% of the overall online shopping market […]
With “Black Friday” falling just two weeks after this year’s 11.11 promotions, it was probably inevitable that consumer fatigue and diminished enthusiasm (not to mention diminished wallets) would sap the strength of the latter. Though cross-border e-commerce platforms introduced various discounts and promotions in the week leading up to Black Friday, most of them failed […]
Transaction values of China’s B2C online market reached 503.6 billion yuan (US$78.58 billion) with an increase of 49.7% in the third quarter of 2015 compared to the same period in 2014 according to Analysys.
With the fast growing cross-border e-commerce market in China, all major e-commerce companies are playing “Black Friday” card in China to further push their cross-border shopping sales.
China Internet Magazine released a list of top 100 e-commerce companies in China in Q3 2015.