The online retail market in China reached 1.59 trillion yuan (US$244.6 billion) in the second quarter of 2017 (up 31.2% over Q2 2016), with B2C sales accounting for 860.5 billion yuan (US$132.4 billion), an increase of 32% over the second quarter of 2016.
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GUIDE Micro-Commerce: WeChat Business Market in China
Micro-commerce, conducted through social media and chat software such as WeChat, is a hot market in China. It is viewed by enterprises as a new and improved way to market and sell compared to traditional e-commerce models, and by consumers as a quicker, less effort-intensive way to shop, using recommendations and shared information from people […]
China’s new retail trend
The emergence of new retail formats substantially impacts the traditional physical retail industry, with modern consumer behavior also experiencing drastic changes. In the face of dramatic changes in the world today, how can entrepreneurs adapt to the new needs of the increasingly sophisticated and discerning consumers today? How can we target the Chinese market, as […]
Tencent to offer insurance on WeChat in H2 2017
What you can find in the “9 cell grid” of WeChat Wallet interface are the highly valued self-owned and third party services. The already crowded “9 grid” is having a new addition.
Tmall recorded 49% growth for physical goods GMV in Q2 2017
Alibaba Group reported total revenue of RMB50,184 million (US$7,403 million) for Q2 2017, an increase of 56% year-over-year. Tmall recorded 49% year-over-year growth for physical goods GMV.
Zhejiang online retail market overview in H1 2017
Online retail sales in Zhejiang province, where Alibaba’s HQ is located, reached 535.1 billion yuan (US$79.3 billion) in the first half of 2017. Exports sold online to other provinces reached 20.3 billion yuan (US$3.0 billion) led by Jinhua and Hangzhou city. Apparel, shoes, and bags category is the top selling product category.
5 Trends of online businesses in China
E-commerce operations in China are currently moving from a scale of tens of trillions RMB to hundreds of, and it has gradually penetrated every aspect of economic and social life. AliResearch made some predictions on the future of e-commerce in five major areas. 1. Infrastructure: Intelligent? Immersive? Cashless? With cloud computing, new finance, intelligent logistics, […]
JD notebook sales during 618 campaign in 2017
JingDong (JD) held an annual sale on 18th June to celebrate its anniversary in China. Other eTailers as Alibaba’s Tmall follow to compete with JD. Data below shows the sales of electronic products during 1-18 June 2017. Related: 618: China’s major mid-year shopping festival The growth of 16-25 age group. This age group made up […]
An overview of China’s quality retail e-commerce users
Premium quality products are becoming increasingly popular in China, and more and more e-commerce companies are turning its focus from low prices to high quality including Netease Yanxuan, Mijia Youpin (Xiaomi), Biyao, and Tmall (Taobao Xinxuan).
3 driving forces in China’s consumer markets
Despite the slowdown in economic growth, China will continue to be one of the fastest growing consumer markets in the foreseeable future. Three emerging forces – upper middle class and affluent consumers, the new generation of young consumers, and online shopping will drive China’s consumer market according to a joint report by BCG and Alibaba.
China online retail market overview Q1 2017
China’s online retail market totaled US$198.12 billion in the first quarter of 2017 with an increase of 27.6% YoY according to data from Analysis; B2C segment accounts for over 53%, led by Tmall (55.8%). Mobile continued its strong growth of 38.8% in China’s online shopping market, dominated by Tmall and Taobao (80.5%).
JD’s priority for 618 2017: online + offline in 5 areas
Double 11 is the creation of Alibaba’s Tmall while 618 was started by Jingdong. Every June is the anniversary month of JD; and, the promotion and discount reach the peak on 18 June. Visit 618 China for the latest statistics and insights about 618 shopping festival. 618 China 2017 JD recorded over 100 million orders […]
Amazon global stores sales roar in China in Q1 2017
In the first quarter of 2017, the total sales in China at Amazon’s overseas stores were 11 times as much as the same period two years ago.
China search engine market share in Apr 2017
StatCounter data shows Baidu’s market share was 76.05% in China search engines market in April 2017, followed by Shenma (8.78%), 360 Search (7.87%), Sogou (3.31%), and Google (1.84%). Baidu is more dominant in China’s mobile search market with over 82% market share, followed by Shenma (13.79%) according to StatCounter. China search engine market overview Q1 2017 […]
1 in 4 China post-90s consumers use Alipay credit service
Over 45 million post-90s users in China signed up Alipay’s Huabei or Just Spend for online shopping payment according to a recent report by Alipay. This payment option serves as a virtual credit card for Chinese online shoppers on Alibaba’s Tmall and Taobao e-commerce sites.