E-Commerce Archives - Page 20 of 21

Apple’s Customer Service Says iPhone 8’s “Blowout” Mainly Because of Improper Transportation

On September 13 in the morning, Apple released a series of new products. The new iPhone 8 could be booked from September 15 and would be sold publicly on the 22. About half a month after the launch, though Apple hasn’t released its official sales figures, there have been reports that the new iPhones are […]

Chinese Tourists Purchase a Lot with Alipay and 70 Japanese Banks have Decided to Fight Back

Today, China’s National Day golden week has become a global golden week. Data estimate that more than six million Chinese travel overseas during this year’s National Day holiday. With the steps of Chinese tourists, many foreign merchants have started to use China’s advanced mobile payment methods. If there is no Alipay or WeChat payment, the […]

JD’s driverless trucks made their debut

On September 28, JD showed its latest products—driverless trucks. It is reported that this was the first time that Chinese E-commerce as well as logistics industries launched intelligent truck products, which were tested in the fixed road designated by the transport department. It is understood that JD’s two trucks, the new energy driverless truck EV80 […]

Alipay is now available at all Chinese Starbucks stores

On September 25, Starbucks and Alipay announced cooperation. Finally, the Starbucks will accept the payment system at over 2,800 of its cafes across China. “The days that we receive complaints from customers at Starbucks are over.” Alipay declared in its official weibo account. Alipay is available at over 3,200 Starbucks stores worldwide “Do you accept […]

Alibaba is on the heels of Amazon

Gap of Market Value between Alibaba and Amazon is Just 1.3% Narrowing Nearly 100 Billion Dollars in Past Two Months. By September 22nd, Amazon’s market value was $456.5 billion and Alibaba‘s was $450.7 billion. Their gap was just 1.3%. Almost two months ago, the gap in market value between these two companies reached $100 billion. […]

Miss Fresh Completed $230 Million Financing, focusing on the “Cloud Refrigerator” Strategy

Introduction: From IYIOU.com on September 20. Miss Fresh(每日优鲜), an e-commerce fresh product company, announced that it had completed $230 million dollars C+ round financing in March this year, with Tiger Global and Genesis Capital as leading investors and Time Capital as joint investor. This round of financing is mainly used for the expansion of storehouses […]

JD.com Officially Enters the Real Estate E-Commerce Business

On September 18, Zeng Fuhu, former VP of Sohu net and GM of Sohu Focus, confirmed to All Whether TMT that he officially joined JD.com at the end of July and served as GM of JD.com real estate department. The department, which was recently formed, is now hiring staff. Jd.com will also add a new […]

Costco Must Overcome Three Challenges to Break into the Chinese Market

In October, 2014, Costco opened up an overseas flagship store on TMall International to give e-commerce in China a shot. On January 23rd, 2016, Costco opened a franchised store in Wuhan to give offline retail a try. On September 8th, 2017, Costco announced the opening of its first store in Shanghai, and confirmed the store […]

Chinese Street Culture in Fashion Brand Business

Abstract: For Chinese fashion brands and young people, it takes more time to develop from business to hip-hop and street culture driven by strong culture. Causeway Bay in Hong Kong, Brooklyn in New York and Harajuku in Tokyo are all local landmarks, birthing fashion brand business worth billions of dollars. In China, there is place […]

Tencent and Alibaba Announces a Music Copyright Cooperation

Tencent and Alibaba reached an agreement on music copyright cooperation and granting exclusive music licensing rights to each other. This cooperation casts a massive shadow on another popular music streaming app in China—NetEase Music. With its IPO drawing near and the recent news of its new round of financing (worth about 300 million USD), Tencent […]

Lei Jun says Xiaomi is a retail business and the goal is to be another MUJI

“I believe for most people, the “MI” brand is quite familiar. But few of them know Xiaomi well.” Lei Jun said so in a public speech on August 31. On August 31, at 2017 China Consumption Transformation and Upgrading Summit held by Shanghai International Business Conference, Lei Jun delivered a speech named Enhancing Efficiency is […]

Can Jack Ma win the looming war between Alibaba and Amazon?

Can battle-tested and awe-inspiring Amazon and Jeff Bezos beat Alibaba and Jack Ma? A “historical” turning point is seemingly at hand: Alibaba could soon top Amazon in market value. On August 24, by the time the stock market closed, Alibaba’s market value was $445.5 billion, only a limit up away from Amazon’s $455.2 billion. Since […]

JD Finance is separated from JD Group

On the evening of August 14th, JD Group released the 2017 second-quarter earnings report. The financial data of JD Finance didn’t be listed on the reports, which marked the realization of the news— “JD Finance would be separated from JD Group”. With the end of Q2, JD Finance completed the separation, and its finance data […]

Tencent will get rid of the tag as a “game company” by 2020

Abstract: Though Tencent has never been more successful under the glamor of Honor of Kings’ stellar performance, its dependence on gaming industry dropped. The revenue from games to total revenue ratio decreased to 42% in this quarter, while the ratio of the same period last year was 47.9% and the ratio of last quarter 46%. […]

Xiaomi CEO Lei Jun: How Xiaomi Turned the Tables

Recently over 30 council members of the Yabuli China Entrepreneurs Forum (CEF) paid a visit to Xiaomi headquarter. The president of the forum, Chen Dongsheng, chaired this CEO seminar of ours entitled “Internet + Manufacturing Upgrades in China”. At the seminar, Xiaomi CEO Lei Jun shared with everyone Xiaomi’s business model, values, difficulties encountered during […]

China’s Pop-up shop has become brand marketing’s new favorite

On April 28th, a pop-up shop called Orz Cha which only opened for four days debuted in Shanghai. Because of its ultimate “demotivation” culture, it matches daily sadness white-collar workers. Pop-up shop triggered a long queues at the scene and numerous sharing in moments of WeChat. Pop-up shop has no intention to open for long […]

The Chinese Internet model is being pursued overseas

The mobile phone selling like hotcakes in Africa isn’t Samsung nor Apple, but Tecno, a Shenzhen-based telecommunications company in China. According to open statistics, the company holds more than 40% of market shares in the 6 major countries of North Africa. Tecno broke into the African market using two mobile innovations: Dual-SIMs and beauty selfie […]

Will unstaffed convenience stores bring about the revival of offline retail stores?

The new business of opening up unstaffed convenience stores was suddenly a hot topic recently. Startup companies flocked to the idea; industrial big names and business giants are also gearing up, eager to take a shot at the business. In December of 2016, following Amazon’s opening of its first self-driving grocery store in Seattle—Amazon Go, […]

Southeast Asia becomes Alibaba and Tencent’s new battle field

Two global technological forces are disrupting the peaceful ecological environment in Southeast Asia. They’re not Silicon Valley technological companies like Google or Facebook. They are the two Chinese giants Tencent and Alibaba. The two companies provide the strongest financial support and the most successful business experience for venture capital firms in Southeast Asia. More and […]

Ant Financial Is Going to Release A Malaysian Version of Alipay

On July 24, Ant Financial announced the signing of an agreement with Touch’n Go (TNG), a company directly affiliated with the CIMB Bank. A joint venture company will be formed to provide electronic wallet solutions and other related financial services for local users. In the future, Malaysian people will be able to easily use their […]

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