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China’s ‘Cyber Monday’ ends with $5.7 billion spent in 24 hours on Alibaba’s e-stores

China’s ‘Cyber Monday’ ends with $5.7 billion spent in 24 hours on Alibaba’s e-stores

China’s 11/11 online shopfest – the country’s equivalent of America’s Cyber Monday – has just finished. It’s been a record-smashing mega-sale on hundreds of e-stores. Here at Alibaba HQ, the
Steven Millward · · 3 min read
E-commerce sites gear up for China’s multi-billion-dollar online shopping bonanza on Monday

E-commerce sites gear up for China’s multi-billion-dollar online shopping bonanza on Monday

November 11 is the craziest day on the Chinese internet. And that’s saying something. The date has been known as Single’s Day for some time (due to the 11/11 symbolism),
Steven Millward · · 4 min read
China’s e-commerce market to hit $71 billion in sales in Q2; these are the top 10 e-stores

China’s e-commerce market to hit $71 billion in sales in Q2; these are the top 10 e-stores

China’s e-shoppers now number over 240 million, who collectively spend an average of $40,000 per second. But the nation’s e-commerce boom is far from hitting its peak. New statistics from
Steven Millward · · 2 min read
By 2016, China Will Have 423 Million E-Commerce Shoppers Spending $457 Billion [INFOGRAPHIC]

By 2016, China Will Have 423 Million E-Commerce Shoppers Spending $457 Billion [INFOGRAPHIC]

Regular readers will already know that there are now over 200 million Chinese e-commerce shoppers who are spending about $40,000 per second. But with over half a billion people online
Steven Millward · · 2 min read
Tencent to Ditch “QQ” Brand For Its Struggling E-Commerce Site?

Tencent to Ditch “QQ” Brand For Its Struggling E-Commerce Site?

Tencent’s (HKG:0700) “QQ” brand might be China’s first household name that emerged from the web – along with its iconic penguin – but the cutesy name has not been much
Steven Millward · · 2 min read

Tmall and Taobao See $3 Billion in Sales During China’s 24-Hour Online Shopfest

We recently suggested that China’s biggest e-commerce sales/discounts day could beat America’s Cyber Monday in value – and that’s precisely what happened during yesterday’s “Double Eleven” online shopfest. Indeed, two
Steven Millward · · 2 min read

Tencent B2B2C Platform Set for October Launch, With Partners

Tencent’s huge new B2B2C e-commerce platform is on course to launch in October, according to the Chinese media today. Tencent already has its own online shopping site, Paipai, but with
Steven Millward · · 1 min read
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