By the end of Q3 2014, Dangdang’s traffic on mobile device had already surpassed traffic via desktop computers, accounting for over 60% of total traffic with an increase of 25% QoQ. At the same time, orders on mobile device accounted for over 40% of Dangdang’s total orders. It is estimated that by the end of 2014, […]
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Uniqlo Ranked Top Tmall Flagship Store by Sales in Men’s Clothes
In October 2014, Uniqlo ranked top among Tmall flagship stores in Men’s clothes category by sales value of RMB23.52 million ($3.82 million), followed by Heilanhome and Jack & Jones Tmall flagship stores.
China Taxi App Users Exceeded 154 Mln in Q3 2014
As of 30 September 2014, the number of China taxi app users was 154 million. Kuaidi and Didi Dache apps are the two most popular taxi apps in China. Kuaidi had 54.4% market share by total number of users, followed by Didi Dache with 44.9% according to data in report of China taxi app market in Q3 2014 published […]
Review of Sales Value on Double 11: 2009-2013
In 2009, the sales value on double 11 was RMB50 million ($8.17 million) and in 2013, the number was RMB35 billion ($5.72 billion). Double 11 has been affecting e-commerce industry since its born. Here are the numbers on double 11 from 2009 to 2013, which witness its growth in 5 years.
Vitacost Provides Direct Delivery Service to China with SF Express
Vitacost has started providing direct delivery service to Chinese cross border shoppers with China’s largest logistic company SF Express.
Preference of China Double 11 Online Shoppers
On Double 11, or Singles’ Day in 2013, Tmall generated an one day sales record of RMB35 billion ($5.7 billion). Tmall’s goal for transaction value on Double 11 (11 Nov 2014) is to reach RMB50 billion ($8.16 billion) in 2014.
Stats of Top Selling Brands on Taobao/Tmall in 18 Categories
As top the brand in men’s clothes category on Taobao/ Tmall, afs Jeep had an increased revenue of RMB23 million ($3.7 million) followed by Markfairwhale who had increased by over RMB10 million ($1.62 million) in sales value compared with August according to data of Taobao Mofang.
Amazon Launched Direct Shipping for China Cross-border Online Shoppers
Amazon China announced the official launch of the direct shipping service and a Chinese website for Chinese shopping overseas.
Yu’E Bao Grew to 149M Users in Q3 2014
Tianhong Fund disclosed the report of Yu’E Bao’s first three quarters’ performance in 2014 on 24 October. As of 30 September 2014, total transaction value of Yu’E Bao exceeded RMB534.9 billion ($87.46 billion) with a decrease of 6.8% quarter on quarter in Q3 2014.
Half of Top 10 on Forbes China Rich List 2014 are Internet Entrepreneurs
Half of the top 10 richest men in China on Forbes Rich List 2014 are internet entrepreneurs, on top of which is Alibaba’s co-founder and chairman Jack Ma.
The Top 100 Richest Men in China in 2014
Jack Ma of Alibaba, becomes the number one in Hurun Rich List 2014, with a fortune of US$25 billion, surpassing Wang Jianlin of Wanda in second place with US$24.2 billion.
Alipay’s Mobile Strategy with 190M Active Users
Till 16 October in China, total number of Alipay Wallet’s active users exceeded 190 million and the daily mobile payment transaction volume exceeded 45 million, accounting for more than 50% of total Alipay transactions.
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.
FMCG Growth in China Recovered to 6.9% in Q3 2014
Kantar Worldpanel reports 5.7% value growth for China’s FMCG market for the latest 52 weeks up to Sep 5th 2014 which remains low in comparison to historic levels. FMCG growth recovered to 6.9% in Q3 2014, higher than both Q2 (4.7%) and Q1 (4.6%).
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.