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Alipay, the famous payment service developed by Alibaba is knowing a huge success throughout China and is looking forward to take its services overseas. Platforms like Aliexpress or Tmall Global are already aiming to a more internationalized market and now it is time for Alipay to follow the same path, the cross-border path. Alipay is…
Shoppers are turning their backs on the supermarkets and now they are purchasing food products via internet. The popularity of online grocery shopping is rapidly increasing. Rise of the disposable income, growth of the middle class, higher internet penetration rate, increased desire for a better lifestyle have led Chinese consumers to increasingly choose e-commerce over traditional retail…
The FrenchCellar startup in Asia selling Wine subscription to Asian consumers will secure millions yuans to the Chinese Market. Investment in China ESW Manage Ltd, a private equity firm focused on investment opportunities in Asia, last week announced it’s 7-figure investment into Asia’s pioneering wine subscription e-commerce platform, ‘The French Cellar‘ (www.theFrenchCellar.asia). It acquired a 20% stake in the new…
Every year, on 11 November, China celebrates the “Double 11 Day”, a day for single people. Invented by some students in Nanjing in the 1990’s, this day of celebration has quickly become a “commercial celebration”, during which millions of companies and brands grant discounts and slash prices – especially on sales websites – to encourage consumption. Double 11…
KuanJinTong arrives to provide tax-free imported goods In Shanghai, an e-commerce platform is starting to make a name for itself. It is called Kuajingtong. Part of the Orient Electronic Payment Co, state approved-company, the idea is as follows: Based in the Shanghai Free Trade Zone it is very similar to Alibaba in spirit but for…
China smartphone market fast growth The e-commerce in China will reach 10% of the entire retail in China by the end of 2014. Therefore, company start to get really interested into the segment growing faster as ever. Most of the Chinese market is dominated by Alibaba. The company own a lot of well known website,…
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