Costco sold 3 tons of Kirkland nuts and nearly 1.5 tons of dried cranberries in just three days on Tmall Global according to the leaked news online.
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Tmall Targets to Generate RMB 50 Bln Revenue on Double 11 2014
It is leaked on China internet that Tmall’s goal for transaction value on Double 11 (11 Nov 2014) is expected to reach RMB50 billion ($8.16 billion) in 2014. In 2013, Tmall created an one day sales record of RMB35 billion ($5.7 billion) on double 11, which had great impact on China retail market.
Costco Wholesale Launched Tmall Global Online Store
Costco Wholesale, the American membership-only warehouse club that provides a wide selection of merchandise, launched Tmall flagship store on Tmall Global reaching Chinese consumers directly with competitively priced food and healthcare products ranging from clothing to groceries to laundry detergent to health and beauty aids.
China to Disallow Minimum Spend Rule in Restaurants
China forbids catering operators to set minimum consumption according to Catering Industry Operation & Management Regulations (Trial) released by China Ministry of Commerce.
Alibaba Invests $50M in Smart Remote App Peel
As part of Alibaba Group’s “live @ Alibaba” vision to diversify the company’s products and services and become central to the everyday lives of consumers, it invests $50 million in smart remote app Peel.
China Top 6 Online Travel Mobile Apps
Qunar’s mobile app exceeded 8 million MAUs in August 2014 in China according to EnfoDesk, remaining the most popular mobile online travel app, followed by that of Ctrip, LY, eLong, Daodao and Taobao Trip.
INFOGRAPHIC: Alibaba Investment Timeline 2005-2014
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 […]
China Top 10 Clothing Brands by Online Ad Spend in July 2014
In July 2014, total online advertising spend of Chinese clothing brands exceeded RMB82.42 million (US$13.42 million). Among all the clothing brands, Malkovich spent RMB25.99 million ($4.23 million) in online advertising in July, ranking first, followed by Camel and BENICCO according to data from iResearch.
CNN: Alibaba Not Best Chinese Stock BUT Baidu
As Alibaba is raising $25 billion in an IPO, it’s become a very hot stock being chased by many investors. But CNN doesn’t think BABA is the best Chinese stock to invest in.
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, […]
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.
Top 10 Online Service in July 2014 in China
In July 2014, navigation websites had daily user coverage of 150 million with growth rate of 56.3%, ranking the most popular online application in China according to data from iResearch.
China’s Top 10 Online Media by Ad Revenue in Q2 2014
China online advertising market reached RMB38.15 billion (US$6.19 billion) in the second quarter of 2014, an QoQ increase of 29.2% and YoY growth rate of 48.7%.