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#.
Alibaba v.s. Amazon: Who’s Making More Money?
Morningstar puts Alibaba’s equity value at $220 billion and expects the Chinese e-commerce giant’s IPO to raise $26 billion. Alibaba is China’s e-commerce giant, in many sectors including B2B, B2C and C2C on both mobile and PC online shopping. Is Alibaba generating more revenue than Amazon? Let’s take a look:
360 Partners with Weibo for We Media Platform
Last week, Weibo announced premium publisher program called WeMedia to encourage more unique and quality content creation on Weibo. We just found that Qihoo 360’s Wemedia platform is now fully integrated with Weibo WeMedia, who previously also pulls content from Wechat.
Chinese University of Hong Kong DeepID Face Recognition Tech Beats Facebook Deepface
A research team at the Chinese University of Hong Kong, led by Professor Xiaoou Tang, announced 99.15% face recognition accuracy achieved in Labeled Faces in the Wild (LFW) database (a database of face photographs designed for studying the problem of unconstrained face recognition).
Wechat Launching Advertising Platform for Public Accounts
Tencent’s Wechat team is internal testing Wechat Advertising Platform, connecting Wechat Official Accounts with advertisers.
Tmall Sold Over One Million Smartphones in One Day
According to Tmall’s official data released on Weibo, there are 1,039.9 thousand smartphones sold on 18 Jun online shopping promotion day, more than all offline smartphone retail channels’ combined one day sales.
Top 10 Strategic Technology Trends in China
A new report from research and advisory firm Gartner identifies the top 10 strategic technology trends that CIOs in China should consider in order to pursue business growth and remain competitive throughout the digital era. The top 10 technology trends highlight the current state of technology adoption in China, as well as the maturity and […]