Welcome! Saturday - Nov 18, 2017

Amazon Coming to Shanghai’s Free-Trade Zone, Alibaba to Launch Secondhand Cars E-commerce, QR Code Mobile Payments Banned in China…


China Ecommerce Weekly Breif-Obserevre Intelligence

Editing by Su-Jun Lim

 

Amazon.com Coming to Shanghai’s Free-Trade Zone

BY THE WALL STREET JOURNAL

Amazon.com signed a deal to set up operations in Shanghai’s new free-trade zone in an effort to sharpen its competitive edge against rivals, especially Alibaba. Amazon has been operating in China for a decade. It owns 15 warehouses and delivers to around 3000 cities and counties in China.

 

QR Code Mobile Payments Cannot be Stopped in China

BY WANT CHINA TIMES

Despite the ban by China’s central bank back in March, third-party payment providers, and potentially the banking sector, continue to use QR code-based mobile payments. In addition to internet service providers like Alipay and Tencent, China UnionPay, a credit card provider, and Postal Savings Bank of China have also developed QR code payment services.

 

China’s Online Beauty Retailer Jumei Reports 42pc Revenue Increase in Q2

BY RETAIL IN ASIA

Jumei International Holding Limited recently announced that their total net revenues were USD154.5 million in the second quarter, an approximate 42 percent increase from last year. This is presumably due to increased active user number. This is also Jumei’s ninth consecutive quarter posting strong and profitable growth.

 

Alibaba to Launch E-commerce Platform for Secondhand Cars

BY ECNS

Alibaba Group signed a deal with China Grand Auto Services Co. Ltd. to set up an online trading platform for auctioning used cars on Taobao.com. The online-to-offline trading will begin with China Grand Auto’s 20 stores in Anhui Province and will expand to its 500 stores nationwide.

 

Chinese Wine E-tailer Gets $49 Million Funding to Take over the World’s Second-Biggest Wine Market

BY TECH IN ASIA

Jiuxian, a major online liquor store in China, announced that it has received some $49 Million from a number of China’s state-run banks in its sixth round of financing, adding up to a total of $151 Million in total funding since its series A round in 2011. China is currently one of the biggest markets for red wine globally.

 

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