Alipay, a digital payment platform, and GNC Holdings Inc., a global specialty retailer of health, wellness and performance products, have partnered to bring GNC’s health and nutrition related products to millions of Chinese consumers. See how this will help increase ecommerce growth in China.
New guidance from the Chinese government on cross-border ecommerce has given merchants clarity on potential policy changes, making it easier for them to sell goods in popular categories like food, cosmetics and health supplements normally subject to stricter scrutiny. Here is what is expected from these changes and what it means for cross-border in China.
For one thing, online shopping in China is a much bigger deal than it is in the West, as Singles Day sales volumes show. Yet unlike their counterparts in more mature economies, China’s increasingly affluent consumers are fairly new to e-tail. Here are seven key differences between Chinese and Western consumers.
Walmart announced it is once again increasing its stake in Chinese ecommerce marketplace JD.com to 12.1%, seeing this as a better route into the massive market than an asset-heavy play. See what this will mean for ecommerce in China moving forward.
Alibaba Group Holdings Limited announced record-breaking sales of $17.8 billion on Singles Day from Thursday into Friday, up 32% from $14.3 billion in 2015. See how mobile played a part in the overall success of Singles Day and how rival competitor JD.com did on Singles Day.
Single’s Day, the mega-shopping holiday created by Alibaba Group Holding Ltd., and held each 11/11, has surpassed 2015’s total of $14.3 billion, with several hours left. See what is being predicted for this shopping event and how it will impact shoppers.
The number of Chinese cross-border shoppers is expected to grow by 61% between now and 2020, according to eMarketer. Payscout CEO Cleveland Brown urges global entrepreneurs to have systems, partnerships in place to capitalize on this booming market.
As the number of internet users in China is constantly on the rise, more consumers are looking to Social Media channels as their most trustworthy source of information for purchasing decisions. In the face of this new trend and as part of its mission to support Italian wine producers wishing to expand their share in the Chinese wine market, Vinitaly International carried out a survey aimed at mapping out, for the very first time, the social media preferences of Chinese wine professionals. Here’s a look at some of the findings.
Alibaba Group has announced that as a continuation of the success of the Group’s inaugural 11.11 countdown gala last year, it will once again host a similar event this year in the hours leading up to the midnight start of the upcoming 2016 11.11 Global Shopping Festival. Here’s what Alibaba plans to do offline to get buyers to shop online this Singles Day.
Stadium Goods will expand into the exploding Chinese marketplace through an exclusive partnership with Tmall Global, an extension of Alibaba Group’s B2C Tmall.com business. See what this will mean for both Tmall and Stadium Goods.