On double 11 of 2014, Alibaba’s transaction value exceeded RMB57.1 billion (US$9.28 billion) which created a new record. However, there is false prosperity behind Double 11 in 2014.
China E-commerce Market in 2014
China e-commerce is developing rapidly nowadays and it will account for 18% of the total retail sales in 2018, up from 8% in 2013, estimated by Morgan Stanley.
B2B Platform Alibaba.com Integrated with Online Payment
Alibaba.com, Alibaba’s B2B international platform, has officially transformed into online trade platform, which will change the traditional trade model (online inquiry & offline payment).
China Top Ad Sellers Exceed 10% Market Share Worldwide
eMarketer estimates that the net ad revenue of Baidu and Alibaba will account for 4.68% and 4.66% share of the worldwide digital ad market in 2014, ranking the third and fourth largest market share among the companies involved in eMarketer’s latest research.
E-commerce of China Agricultural Products Exceeded 50 Bln
In 2013, the e-commerce transaction value of China’s agricultural products exceeded RMB50 billion (US$8.17 billion), said Chen Xiaohua, China’s Vice Agriculture Minister. Informatization has great influence on accelerating transformation of agriculture and developing modern agriculture in China.
Top 100 China Internet Companies in 2013
In 2013, Jingdong’s total revenue exceeded RMB69.34 billion ($11.28 billion) and its net profit was RMB6.86 billion ($1.11 billion) with net profit rate of 9.9%. Jingdong ranked top in China Internet enterprises by revenue, followed by Tencent and Alibaba in 2013.
China Small & Medium Enterprises in B2B E-commerce Market Overview
In Q3 2014, total revenue of China small and medium enterprises in B2B e-commerce market was RMB4.96 billion ($810.7 million) with an increase of 14.9% year on year while it decreased by 9.3% quarter on quarter.
Interbrand: Best China Brands Report 2014
Interbrand, a brand consultancy company, released its 2014 Best China Brands report last week. Tencent claims the #1 position with China Mobile dropping to #2.
China Online Advertising Market, Top Online Advertisers in Q3 2014
In Q3 2014, total transaction value of China online advertising operator market was RMB43.55 billion ($7.08 billion) with increase of 51.4% year on year and 16.7% quarter on quarter according to data of EnfoDesk.
Alibaba Double 11 Sales Exceeded $2 Bln in One Hour
As China’s biggest online shopping day, Double 11 is very much expected for by both online retailers and consumers. It started from midnight and the total sales on Tmall exceeded 1 billion yuan in just three minutes.
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.
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.
Alibaba Launched New Travel Brand Alitrip.com
Alibaba Group upgraded Taobao Travel and launched an independent travel brand “Qu A” at Alitrip.com today and a corresponding mobile app is also released.
Alibaba Bringing South Korea Suppliers to Chinese Sellers
1688.com, the largest online B2B website under Alibaba Group and sourcing destinations of many Taobao sellers, is opening up to foreign suppliers with the addition of twenty four South Korean brands through Alibaba’s Direct From Overseas Markets program.