Although Alibaba (Taobao, Tmall, etc.) is still the 800 pound gorilla in the world of Chinese e-commerce, 360Buy has been building up some momentum. At a press conference earlier today, 360Buy CMO Lan Ye shared the company’s latest (and most impressive) numbers.
Specifically, he said the site now has over forty million registered users, and that over the past two months they’ve been processing around 400,000 orders per month. He also said sales income was increasing at a rate of about 200 percent per year. That sounds pretty impressive, but it’s not a huge surprise when you consider the additions the company has been making, like hotel bookings and other travel services.
Of course, 360Buy still has a ways to go before it can become the e-commerce king. This chart, of Q4 2011 market share in the B2C space in China show’s 360Buy playing a clear second fiddle to Alibaba’s Tmall. But it also shows there’s tons of room for consolidation in this market.
[via Sina Tech]
What’s the reason you link the words “360 buy” to an internal tag page instead of what everyone is expecting to the actual website? SEO crap.
We sort of assume that a link to 360buy is unnecessary — everyone knows the URL, and most of our readers aren’t in China and don’t speak Chinese, so a link to the site doesn’t do anything for them. The internal link gives them an easy way to find other stories about 360buy if they’re interested in the company.
i agree with jandetlefsen and find it annoying, it doesn’t matter if we are in or outside china, who want to check link should have opportunity to find it in article, not mentioning that in 2012 we have tools like Google Translate for people who don’t speak chinese and in the 1st place you don’t need to use even translating tools if you just want to search for some product and check what are prices in China
Well i didn’t know the link. Seems like a strange concept to assume people know links already to site you write about. And even if they did, don’t you think it would be easy just to click on a link compared to open a new window and typing in the url by yourself? Also links are the basic building principles of the internet.