The number of JD Home Appliance Stores, Jingdong’s offline home appliance stores for lower-tier markets, has surpassed 15,000 in the first half of 2020. JD started building JD Home Appliance Stores in 2016. Now it has 15,000 stores serving 25,000 towns and 600,000 villages in China. During the 618 sale, sales at JD Home Appliance […]
Alibaba B2B platform GMV up 80% in the first half of 2020
Alibaba Group’ international B2B platform Alibaba.com transacted 80% more in the first half of 2020 compared with a year earlier. Orders placed on Alibaba.com nearly doubled (+98%) in the six months ended June 2020 while the number of paying buyers increased by 60%, according to data Alibaba.com released last week. Transactions surged as the coronavirus […]
Meituan-bakced EV Li Auto to raise US$950M in US IPO
Meituan-bakced EV Li Auto aims to raise US$950 million in its initial public offering of 95,000,000 American depositary shares, or ADSs. Li Auto anticipates that the IPO price per ADS will be between US$8.00 and US$10.00.
Tmall a crucial platform for beauty brands’ success in China
China’s mass local brands are gaining shelf share of Alibaba’s Tmall platform while the visibility for western brands is increasingly challenging. Chinese color cosmetic brands now account for 55% of top 10 default search results and 65% of sales-sorted search results, up 14% and 11% YoY respectively, according to a Gartner report. The report shows […]
Starbucks expands its O2O service to all major Alibaba apps
Alibaba Group (NYSE: BABA; SEHK: 9988) announced yesterday that Starbucks will expand its reach to Chinese customers by introducing its mobile order and pay feature “Starbucks Now” to multiple platforms in the Alibaba’s ecosystem including Taobao, digital mapping and information provider Amap, local services app Koubei, and Alipay.
Alibaba-backed Ant Group going duo-IPOs in Hong Kong and Shanghai
Ant Group, renamed from Ant Financial and the parent company of China’s largest payments platform Alipay and leading provider of financial services technology, announced its concurrent initial public offering (“IPO”) on the Shanghai Stock Exchange’s STAR board (“SSE STAR” market) and The Stock Exchange of Hong Kong Limited (the “SEHK”).
China post-epidemic trend: shoppers increased frequency using e-commerce platforms
Over 23% of users changed their preference of channels for buying daily commodities, medical care, and fresh grocery products, according to a recent iResearch report. Overall, users tend to favor JD and PDD more. The preference for Tmall has remained the same while Taobao has declined. JD has become Chinese consumers’ first choice for fresh […]
China B2B market status 2020; e-commerce revenue up 20%
A McKinsey survey finds that the Chinese B2B decision-makers are responding quickly to COVID-19, though actions and customer preferences vary. About two-thirds are optimistic about the economy as of the end of April 2020, up 12 percentage points from two weeks earlier. China is more optimistic compared to other regions covered in the McKinsey survey, […]
China’s GDP grew at 3.2% in Q2 2020
China’s gross domestic product (GDP) for the first quarter declined by 6.8% year on year and grew by 3.2% in the second quarter of 2020 according to China’s National Bureau of Statistics. The GDP in Q2 grew by 11.5% quarter on quarter.
7 trends in China’s data center market
Under China’s “new infrastructure” development plan, data center is listed as a key development project in 2020. Tencent, Alibaba, and Baidu all have set ambitious goals; local governments have responded positively; first-tier cities, such as Shanghai and Shenzhen, which are in short supply of land resources, have also shown some degree of policy flexibility. Driven […]
How content help businesses in branding and driving sales in China
Nowadays, contents have penetrated all sectors in China and become an important productivity tool. They can help companies realize brand premium, iterate product selection, and upgrade CRM tools. Use contents on building a new brand Some Chinese content specialists think that they should work on content as if they were working on products. For companies, […]
Top short video, live streaming Chinese apps in global market in H1 2020
Bytedance’s TikTok is the most popular mobile app in the first half of 2020 in the global markets outside China with close to 600 million downloads with an increase of 88.7% YoY. Half of the Top 20 are owned by three Chinese companies: Bytedance, Joyy, and Kuaishou (Kwai). Xiaomi’s app made it to Top 10. […]
Tourism transactions on WeChat grew by 43% during Dragon Boat Festival holiday
WeChat Pay transactions for the tourism industry increased by 43% year-on-year during the recent 3-day Dragon Boat Festival holiday, and the payment amount increased by 27% year-on-year, according to a joint report by WeChat and LY.com. The short-haul getaway trips are the top options for many; the transactions on WeChat Mini Programs increased by 123.52% […]
Pinduoduo founder Huang Zheng resigns as the CEO
Pinduoduo, the leading social e-commerce platform in China with more than 600 million users, has been listed on NASDAQ (PDD) for nearly two years. And, the founder is stepping down as CEO.
China mid-year 618 shopping festival: Taobao vs. JD; US$136 bn in total
If 618 is something totally new to you, you may want to read our guide on 618 Shopping Festival.