Double 11 in 2013 created 152 million packages; and, in 2012, the number was 78 million. About 100,000 packages were created in one minute. It is a huge challenge for logistic companies.
Taobao Launched O2O Takeout & Delivery Service
Alibaba claimed that its Taodiandian group would launch takeout and delivery service on November 6, 2013. Taodiandian is a mobile O2O app launched in June 2013, aims at serving local users. There are already over 10,000 shops on Taodiandian, including small restaurants, fruit shops,Patisseries and tea shops. Taodiandian is still testing its takeout and food order […]
Sina Weibo To Launch Weibo Finance Platform
Since the launch of Baidu Finance Center on October 28, 2013, Sina Weibo, with 500 million users, also announced on October 30 that it would launch a finance product – Weibo finance platform.
Double 11: More Than 80 Million Added Favorites In Shopping Cart
Double 11 , the Bachelor’s Day in China, has become a shopping carnival year by year, millions of people are purchasing at the same time. You really don’t have time to choose and pick, or your favorite products would be sold out in a few seconds. Consumers have learned to add favorites in shopping cart […]
Yiwu B2B Online Transaction To Reach 5 Billion Yuan in 2013
Alibaba’s data showed that in the first half of 2013, Yiwu B2B online transaction reached 2.51 billion yuan (USD 410 million). It is expected to hit 5 billion yuan (USD 816 million) by the end of 2013. Yiwu, a city in the central area of Zhejiang province in China, is one of the most active […]
Baidu Finance Center Outperformed Alibaba Yu’E Bao On the First Day
Baidu launched its finance center on October 28, 2013, within 5 hours, Baidu sold out 1 billion yuan (USD 163 million) worth of money fund. Baidu aimed at offering a finance product with a 8% annual percentage yield (APY) in cooperation with China AMC (China Asset Management Co.). Over 120,000 users bought Baidu money fund, […]
Alibaba Yu’E Bao Fund Size Hit 55.6 Billion Yuan
By the end of September 2013, Yu’E Bao Tianhong Asset Management fund reached 55.6 billion yuan (USD 9.08 billion), the largest fund in China market. The total fund size of Tianhong Asset Management had increased 4 times. Yu’E Bao fund reached 4.24 billion yuan (USD 693 million) in Q2 2013, growing by 1211.33% in Q3. […]
Double 11: B2C Enterprises Promotion War Upgraded to Offline Retailers
Double 11 is yet to come, the competition between B2C platforms has upgraded. On October 17 2013, Tmall and Yintai shopping mall reached to an agreement of developing China O2O business model. Except for Yintai, more than 30,000 offline stores would join Tmall’s Double 11 promotion.
China B2B Market Update For Q3 2013
According to EnfoDesk, China B2B market scale in Q3 2013 reached 4.24 billion yuan (USD 692 million), with a QoQ increase of 7.8% and a YoY increase of 23.3%.
Forbes: Baidu CEO The Third Richest in China
Forbes published its China Rich List 2013 on October 16, Baidu CEO Robin Li ranked the third in China Rich List. Tencent’s CEO Pony Ma and Alibaba’s founder Jack Ma were all on the top 10 list. Forbes’ China Rich List collected 168 billionaires, much more than last year’s 113 billionaires. The total wealth of […]
China Online Advertising Platforms Market Update in Q3 2013
According to EnfoDesk, market scale of China advertising platforms in Q3 reached 28.77 billion yuan (USD 4.7 billion), 24.2% more than Q2 2013.
Data Analysis: Secrets Behind Taobao Traffic and Conversion Rate
Every seller on Taobao knows that conversion rate is very important, but how important is it? How it affects traffic? We are going to unveil the secrets behind Taobao conversion rate. Taobao conversion rate, which is the proportion of visits to the store who purchase products. Sales=traffic * conversion rate * average per consumer transaction
Preparing For Double 11: The Battle Over Logistics Begins
Although Double 11 is one month ahead, big B2C platforms are busily preparing for logistics. Last year, the battle over Double 11 began with the competition for brands. This year, the prologue is logistics. Some enterprises revealed that Jingdong’s emails claiming that it would offer logistics compensation and traffic compensation. Experts said Jingdong aimed not […]
1688.com Suppliers Integrated in Taobao Search
Alibaba has connected its B2B platform 1688.com with its C2C platform Taobao. Last September, Alibaba integrated 1688 accounts with Taobao ones. Now, Alibaba integrated 1688 suppliers and wholesalers information in Taobao search results. For example, if you search “steel” in Taobao, you can get 4 products displayed in the search results, with company name, location […]
Alibaba B2B Single Day Transaction Broke USD 679 Million
1688.com, Alibaba’s domestic B2B platform in China, announced on September 5 2013, that the total amount of online transaction on September 4 2013 broke 4.19 billion yuan (USD 679 million). A new record in global B2B market. On September 4, 2013, 230,000 sellers on 1688 made 2.52 million transactions, online transaction in single day mounted […]