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Online Shopping in China recorded a total turnover of RMB16.2 billion in the first half of 2008, according to China Internet Network Information Center (CNNIC).

Below is  a handful of interesting information:

Which websites are on the top list? 

  1. Taobao.com: 81.5%
  2. Dangdang.com:16.6%
  3. Joyo.com: 13.6%
  4. eBayTOM: 8.4%
  5. Paipai.com:7.2%

Who are shopping online? 

  1. Male: RMB 8.4 billion
  2. Female: RMB:7.8 billion
  3. Out of the the above total amount, students’s spending hit the benchmark of RMB 3.1 billion

Which parts of China are covered in the survey?

Harbin, Changchun, Shenyang, Dalian, Nanjing, Hangzhou, Ningbo, Xiamen, Jinan, Qingdao, Wuhan, Guangzhou, Shenzhen, Chengdu and Xi’an.

Although Taobao.com, owned by Alibaba group,  reached top on the frontline of C2C with 91% of users recognizing its brand, Joyo.com (卓越亚马逊)  came to the spotlight by occupying the first place in the field of B2C, reaching 61.4%.

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It seems that the screen shot below is taken from a romance or social networking site. Sorry, it’s not exactly the case.

Alibaba gold suppliers at the 5th Annual Alifest

Alibaba gold suppliers at the 5th Annual Alifest

With the 5th Annual Alifest 2008 Global eBusiness Champions of the Year drawing nearer,  Jack Ma, Chairman and Non-Executive Director of Alibaba.com  and his panel judges will be delivering their final evaluations and picking out  top 10 Chinese Exporters very soon.

You can visit their profiles and see what they are doing from Alibaba’s 5th Annual Alifest

 

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Three days after China Premier Wen Jiabao visiting small and medium factories in Guangdong, the central government will earmark 40 billion (HK$45.7 billion) as a relief plan to help ailing factories in the Pearl River Delta.

Provinical Communist Party Secretary Wang Yang said 35,000 factories in the Delta Region have ceased their operations or moved away in the last five months.  Yet, 40,000 new business spurred up at the same period of time.

The news came on heels of our last post of “China Exporters say Don’t Flinch!”, it demonstrates the fact that the central government is fully aware of the situation, raising tax rebates on exports of textile products and garments and  setting up a pool of fund to the needy industry.

Analysts added that the province is studying ways to control price rises and will announce new measures next month.

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Whether the tightening macro-economic policy, deteriorating world economy as a result of soaring oil prices, and rising Renminbi value are causing further alarm to China’s budding SMEs business is a big concern to many who made investment in Alibaba business line.

Top state leaders are facing a delicate balancing act

Bank of Communications HongKong Branch published articles periodically to evaluate the economic situation. The last updated research concluded that inflation rate tied to Renminbi value in such a way that they were reacting to each other to the same direction – “you go up,  I go up; you go down, I go down”. 

China government would curb inflation rate by raising Renminbi value, which unfortunately would hamper the export growth.

Meanwhile, the latest report from HSBC noted that the Asia-Pacific Small and medium enterprises (SMEs) remained bullish about the their trade prospects and maintained that they would continue their investment in human resources.

China Exporters are looking for a better tomorrow

The HSBC Asia Pacific region SMEs confidence survey “汇丰亚太地区中小企业信心调查”, was conducted in the second quarter of this year,  has selected 3,000-plus SMEs in the Asia Pacific region, which covers 10 countries and regions. Of those 3,000 SMEs, about 300 respondents -representing 10% of investigation was done in the Yangtze River Delta, the Pearl River Delta and Bohai region.

HSBC Asia Pacific region SMEs confidence survey “汇丰亚太地区��小企业信心调查”
HSBC Asia Pacific region SMEs confidence survey
“汇丰亚太地区中小企业信心调查”

58% of the surveyed enterprises in China believed that economic growth would remain steady, same as last year; 28% of the enterprises has higher hope that they would have a better result this year, only 13% of SMEs said they would experience a slower growth.

So what’s the conclusion of these 2 pieces of information?  We would suggest:

  • China government is giving away export growth to get inflation under control. Should inflation be out of hand, there will be social unrest in the country.  Nobody wants to see it happen anyway. As soon as inflation rate is going down, export growth will stage a comeback
  • SMEs in China would anticipate a better growth as soon as cross-border trading from India and other Asia regions continue to prosper. The following figures exacted from the HSBC report can help understand the current situation
  1.      34% of the respondents expected trade turnover increase with their trading partners in Asia,
  2.      56% expected steady growth
  3.      11% expected a reduced trade pattern

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Users can expect more selling and buying tools from Taobao.com following the China-based company open up its API development platform to the public. Owned by Alibaba group, Taobao revealed the plan with Alisoft, the group’s software development arm.

Tabao Open Platform 淘宝开放平台
Taobao Open Platform 淘宝开放平台

Titled “Taobao Open Platform (TOP)” , the C2C platform will allow third-party developers to build application interface of their own. Taobao encourages them to focus on 12 different business applications. These include:

  • sellers marketing platform  (卖方营销平台)
  • visual presentations inventory and management (视觉产品储空间和系统)
  • items management (宝贝管理)
  • product inventory management (存货管理)
  • CRM, analytics tools (数据分析和CRM服务)
  • mobile applications (移动应用及新媒体终端应用 )
  • buyers’ browsing tools (买方浏览工)
  • overseas market (海外市场)
  • logistic services (物流管理平台)
  • financial and loan services (金融贷款服务)
  • auction and pricing system (卖方拍卖及报价系统 )

Facebook and Yahoo made the same move earlier to speed up their market shares and development by capitalizing external parties’ creativity and productivity.

 

 

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