Check out this infographic to have an overview of Alibaba Group’s investment and acquisitions since 2005 before its IPO.
Alibaba’s UCWeb Giving Away $9.7M Hongbao to Mobile Shoppers
UCWeb, mobile browser company now owned by Alibaba, updated its mobile browser to cooperate with Tmall to promote shopping privilege by giving out red envelops (or hongbao, a frequently used mobile marketing tactic) worth RMB60 million (USD 9.7 million). New version will support users to log in with Taobao account so users can enjoy convenience […]
Wechat Launched Business Accounts for Team Collaborations
Wechat officially announced business accounts in beta, which targets business use of Wechat providing mobility and timely convenience for work.
GroupM Projects Advertising Spend in China to Reach $77 Bln in 2014
GroupM projects measured media advertising spending in China this year will increase by 9.8% compared to 2013 to reach RMB473 billion (US$77 billion); it also predicts an 11% hike in 2015 to reach RMB525 billion (US$85 billion).
Wechat Launched Card Payment, Faster Than Using Credit Card
Wechat launched a “card payment” option with which users can make fast payment at supported retail chains; this payment is either using remaining fund in Wechat Wallet or linked to the user’s bank ATM card.
Tencent QQ Gets into Guinness World Record
Tencent QQ got into guinness world record for having the most number of simultaneous online users on an instant messaging platform on 3rd July, 2014, which was announced by Guinness World Records on 4th September, 2014. Tencent QQ becomes the first Chinese instant messenger in Guinness World Record.
Taobao to Sell 200 Varieties, 3,000 Tons of Fresh Food
Taobao is promoting the direct sales of fresh agricultural products to Chinese consumers throughout the country on its food vertical chi.taobao.com (chi: eat).
Alibaba IPO Roadshow Presentation Videos
Alibaba Group, China’s e-commerce giant, profit tripled to $2 billion in Q2 2014, and it is raising $21 billion in an IPO and here are six videos helping you have a better understanding of its marketplaces.
Chinese Consumers STRONG Intention for Online Purchase with Higher Buying Rates Than Browsing
For 18 out of the 22 categories, China sees the highest percentage of respondents who are willing to buy online compared with the remaining 59 countries and regions covered in a survey conducted by Nielsen. It also found out that China sees the highest intent for both online-shopping and online-purchase for categories including clothing, cosmetics, personal care, […]
China’s Online Tour Booking Site Tuniu Performance in Q2 2014
Tuniu’s net revenues in the second quarter of 2014 increased by 84.9% year-over-year to RMB716.4 million (US$115.5 million) according to its official financial results.
Boeing Projects China in Demand of 6,020 Airplanes Valued at $870B
Boeing projects a demand in China for 6,020 new airplanes over the next 20 years, valued at $870 billion. The company released its annual China Current Market Outlook (CMO) in Beijing which shows Chinese carriers will take delivery of nearly 45% of the total demand for airplanes in the Asia Pacific region during the forecast […]
Amazon Global Shipping Charge Being Reduced for China Online Shoppers
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.
Facebook Launched Official Weibo Account in China
Deputy general manager of Weibo Zenghui Cao confirmed a Weibo account to be from Facebook today though it’s not a verified enterprise Weibo account:
Rovio’s Angry Birds Stella Available in China on Alibaba Mobile Apps
Rovio’s Angry Birds Stella is available for download through Alibaba’s mobile apps such as its Taobao online shopping app, Laiwang chat app, and Alipay’s smartphone app, Alipay Wallet.
China to Overtake USA as No.1 4G Market
China will overtake USA as the number one LTE market in terms of LTE smartphone sales in the second half of 2014, according to Counterpoint Research. China had high smartphone shipments in Q2 2014 with more than 100 million units and it now accounts to more than a third of the global smartphone volumes up […]