Taobao updated and re-named Taobao Secondhand mobile apps to Xianyu in July 2014,targeting the secondhand products marketplace.
Top 10 Chinese Fashion Websites
Chinese fashion websites average daily reach is 12.418 million from 23 Jun 2014 to 29 Jun 2014, according to iResearch data, dominated by China’s local fashion sites.
China’s Travel Market to Reach USD 530B in 2014; Oversea Chinese Travelers to Spend USD 155B
China Tourism Academy estimates total revenue generated from China’s travel industry is going to reach RMB 3.3 trillion (USD 530 billion) this year with 3.76 billion person trips.
Alipay Offering Fingerprint Payment Partnering with Samsung
Alipay announced its cooperation with Samsung Galaxy S5 to offer Alipay users payment by fingerprint.
CHART: China Smartphone Mobile Gaming Users
Total number of mobile gaming users on smartphones reached 190 million in 2013 according to iResearch.
Alipay Offering $3+ Insurance for Mobile Phone Screens
Alipay is actively expanding its business into insurance businesses with new version 8.2 offering four types of insurance packages.
China Online Shopping in Rural Areas Outpaced Those in Cities
Growth in online shopping in counties and villages in China has outpaced those in cities, becoming a new engine that is further driving China’s domestic consumption, according to research from Alibaba Group. It said in its first county-level economy and e-commerce forum in its headquarters in Hangzhou on Thursday that the overall online shopping market […]
Kantar: Chinese Consumer Goods Companies Take Share from Foreign Companies
A latest report launched by Kantar Worldpanel shows that China’s market for soft drinks, packaged foods, personal care and other consumer staples has slowed dramatically, by two-thirds since 2011. And, 60% of foreign brands reviewed lose share in 2013.
Forbes: Best CEO of China’s Public Companies in 2014
Forbes China studies the revenues of China’s public listed companies for three consecutive years and came up with a “China’s Best CEO” list today. The average salary of Forbes’ this year’s best ceo is about RMB 1.89 million, less than a third of last year’s because some of the top paid CEOs such as Tencent’s […]
Alipay to Provide Chinese Tourists Tax Refund Service in Europe
Alipay has recently reached a cooperation agreement with Global Blue in which Chinese tourists can use Alipay for tax refund while shopping in Europe according to Sina Tech News. The details of the service will be announced in mid July. There are over 5,000 merchants from France, Germany, etc. at the beginning and the service […]
Tencent Aiming Smart Hardware Market with Wechat Integration Strategy
Recently, one of China’s famous Wemedia Newhard learned from various channels that Wechat has been officially involved in the smart hardware market.
JD Launched Crowdfunding Platform
JD launched a crowdfunding platform today with 12 smart hardware and fashion culture products.
Tencent Opening Up API for Wechat Login
Last Friday Wechat opened up internal testing of Wechat Login API for apps and websites to those who have already activated mobile app Wechat Payment account.
INFOGRAPHIC: Brief History of Alipay Yu’E Bao’s Rapid Development in China
Alipay’s Yu’E Bao, linked with monetary fund, is a value added service of Alipay serving as an alternative investment way for China internet users. It’s been launched for a little over one year; let’s take a look at its journey of rapid development.
Weibo Launched Photo Tagging Feature
Sina Weibo just launched a new feature, allowing users to tag photos with clickable links to another page on Weibo, which could be user profile or #topic page#.