Tmall to Challenge 360Buy by Subsidizing Electronics Sales
Following in the wake of Suning's shot across the bow of online B2C retailers, Alibaba's Tmall is launching an offensive that looks to challenge relative newcomer 360Buy. Tmall will offer major savings in consumer electronics by subsidizing 200 million RMB ($31 million) in sales.Tmall's Tan Biao expects the move to succeed -- you're shocked, I'm sure -- and told Sina Tech that he expected Tmall's volume of business to nearly double from Q1 to Q2 of this year. He also spoke of the move as a strike against traditional ...
In Chinese E-Commerce and Daily Deals Industry, Outsourcing Makes Enemies into Frenemies
There’s a new trend in the e-commerce and group buying - aka: daily deals - space in China for former rivals to work together, outsourcing a part of their business to another site that has great expertise in that area. It’s complementary, efficient - and quite unexpected; a tacit admission that the industry is both vicious and exorbitantly expensive, with intense pressure to cover every product area in a manner that most sites cannot realistically maintain.An insider in the business, who’d like to remain anonymous, has told us that consolidation ...
Rumor: 360Buy Wants to Outsource Its Daily Deals Portal
There’s a rumor in China’s online retailing industry that 360Buy, the country’s second-biggest B2C e-commerce site, is seeking to outsource its daily deals business, perhaps to 55Tuan or Lashou.The rumor suggests that 360Buy is not looking to get out of daily deals per se (which is but a small part of its overall offerings), but might instead be wanting to outsource the localised elements of the labour-intensive business. Apparently the company has approached a number of group buy sites who might make good outsourcing partners, though only 55Tuan and Lashou ...
360Buy Has 40 Million Users, Processes 400,000 Orders Per Month
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 ...
Suning Spoils For an E-Commerce Price War As it Shifts From China’s High Streets
History will soon come to be littered with retailers who failed to make the switch to the internet age, and instead declined to the point where their shelves gathered more dust than fingerprints, and cash registers fell silent. But China’s Suning (SHE:002024) is making it clear that it wants as significant a presence on the country’s e-commerce scene as on its city streets, starting a promotional price war aimed at its rival etailers of gadgets and home electronics.Next week, on April 18th to 20th, Suning plans a sale on every ...
360Buy Train Ticket Sales Service Suspended, Other Sites Still Offering Limited Services
Just a week after it was launched, 360Buy has yanked its train ticket purchasing services, citing a low level of success in actually acquiring tickets. The service had offered train tickets at a slightly inflated price in return for the favor of not having to deal with 12306.com, the Railway Ministry's horribly buggy official site. The suspension of ticket sales was called "temporary" in an announcement from 360Buy on Saturday, but it's not clear when the service is meant to return. The rest of 360Buy is operating as usual, of ...
360Buy Now Sells Train Tickets Online, At a Price
The major Chinese e-commerce site 360Buy has expanded its travel offerings even further today, launching a service for buying train tickets online. The new ticketing portal might take the strain off of the government’s own online train reservations site, 12306.com, which has been plagued by slowdowns, web crashes, and other problems since its inception.But 360Buy’s train ticket service - see it here - won’t come cheap, costing 20 RMB (US$3.18) on top of the price of the ticket to cover admin and home delivery. That might prove off-putting to the ...
360Buy Sees 10 Million Smartphone App Downloads, Aims for 25% of Shoppers Being Mobile
China’s second-biggest B2C e-commerce site, 360Buy, has revealed that its mobile shopping app has been downloaded over 10 million times. The 360Buy app is actually cross-platform - across iOS, Android, Symbian, WP7, and even web TV - and allows people to browse and purchase items right from their smartphone (or TV).Its apps only began rolling out in February of last year. But now the company claims that, after a year of being downloaded by Chinese consumers, it saw the 360Buy app accelerate in growth by 100 percent in the last ...
Product Search Engine Reveals the Rate of Price Inflation on Chinese E-Commerce Sites
Chinese product search engine eTao, which is run by Alibaba, has revealed the rate of price inflation on China’s top e-commerce sites.Just as with the nationwide inflation rate - better known as CPI in China - eTao has analyzed a set collection of goods and then compared how the prices have risen from the end of January to the end of February. It was found that the average rate of price inflation over that month was 1.43 percent, up from an infinitesimally small 0.19 percent hike that occurred between ...
iPad Heading for E-Commerce Sales Ban in China as Yet More Sites Remove It
Yesterday we first broke the story in English of how Amazon China had quit selling the iPad as part of the Apple vs Proview litigation over the iPad trademark. And now a much larger e-commerce store has also cleared its virtual shelves of iPads: 360buy, the second-largest such site in China. At this rate, Apple’s tablet will be facing a blanket e-commerce sales ban.Luckily I grabbed a screenshot of 360Buy’s iPad listings yesterday, and so we can compare it with the scene today where every single iPad model has had ...
360Buy Opens a Hotel Booking Site, Now Has a Full Online Travel Service
China’s second-largest e-commerce site, 360Buy, continues its very aggressive expansion today with the launch of a hotel booking site. It’s quite a break away from the company’s usual focus on books, electronics, and clothing, and is a significant threat to the country’s main travel services, Ctrip (NASDAQ:CTRP), Elong (NASDAQ:LONG), and Qunar. The B2C e-commerce site started selling plane tickets last summer, and so now it has augmented its offering to the point that it has a fully-fledged travel service.The new portal, at hotel.360buy.com, also includes discounted daily deals on hotel ...
Will 2012 Be a Tough Year for Chinese E-Commerce Sites?
2012 is still young, especially in China, where the new year doesn't really start until Spring Festival has wound to a close. And while the last few years have seen massive expansion in the e-commerce market and new companies springing up right and left, could 2012 be the year that sees that trend reverse? The China Business Journal thinks so.The paper ran a lengthy article today with predictions for 2012's e-commerce market. While e-commerce as a market is likely to continue to grow, that may not be enough to rescue ...
Chinese Vacation Home Rental Service Tujia Receives Series A Investment
May 16, 2012
May 16, 2012
Indonesia’s Fimela Adds E-commerce to its Services With FimelaShop.com
May 15, 2012
Mixi Denies Nikkei Report that CEO Wants to Sell 55% Stake
May 15, 2012
Wolianxi App Helps you Organize Outings Fast
May 15, 2012
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