Connecting Chinese Businesses with Global Consumers | Interview with Alan Tien, GM of PayPal China
China’s e-commerce market represents a $38.5 billion dollar opportunity. In particular, the B2C market is experiencing tremendous growth. Online shops that may have began as a single person operation on Taobao.com, are incorporating into formal online businesses – while at the same time traditional businesses in China are stepping into the e-commerce arena as well.
In [...]
What are China’s luxury consumers buying? (Updated)
China’s consumer confidence has reached record levels this past quarter. According to a joint study conducted by China’s National Bureau of Statistics (NBS) and Nielsen, China’s consumer confidence in Q1 2010 has reached levels not seen since 2007 . I am often skeptical of the figures reported by NBS, however this does fit with the [...]
Which Chinese cities spend the most online? Here are the top 10
Alibaba Group’s Taobao.com just released a report outlining the varying levels of e-commerce spend in China’s cities. I translated one of the graphs into English above, but for my Chinese reading audience, you can find the full version here.
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Introduction to E-Commerce in China | ReadWriteWeb
Last September, China’s most successful consumer-to-consumer online marketplace, Taobao.com launched a massive online promotion. By offering exorbitantly low prices on a series of brand name consumer electronics by Lenovo, HP, Philips and others, the site attracted 1.8 billion visitors (non-unique) - the equivalent of every single person in China visiting the site at least once.
With 145 [...]
The new, young Chinese consumer - Canvas8
“An increased standard of living has radically altered consumption habits of the mainstream Chinese urban consumer. Consumers who once focused on purchasing low-priced goods to meet basic needs have transformed their spending patterns. China is now home to the world’s second largest luxury goods market, the second largest diamond market and the number one automobile [...]
Keep an Eye on E-Commerce in China During The Year of the Tiger
In this recent post on The China Observer about where I see the most potential growth for businesses in China’s Internet space I wrote:
“Companies who wish to succeed in China’s Internet space would best stick to areas that focus on job creation and economic gain that do not overlap with broader social & societal challenges. [...]
秒杀 Miaosha, the Chinese e-tail phenomenon
What is miaosha?
Miaosha is a Chinese online consumer phenomenon quickly becoming widespread. Translated literally as “second kill,” the term originated from online multiplayer videogames like Blizzard’s World of Warcraft. In its original context, the term refers to a situation in which a player without any other option is killed or kills his opponent in an instantaneous attack. [...]
