The Next Big Opportunity for China E-Commerce : Perishable Produce & Groceries March 31, 2014 by Julia Q.Zhu 0 comments 5485 viewson Data, E-Commerce, Insights Chinese consumers love online shopping. From clothing and electronics to home appliance – now their interests are expanding into niche areas such as snack foods and even perishable groceries. Data shows that online purchases of perishable products in the forms of meat and produce have grown rapidly in recent years. In 2013 the e-commerce market …
Why is Third-party Payment Essential in China? March 26, 2014 by Julia Q.Zhu 1 comment 1684 viewson Consumer Behavior, Digital Payment, E-Commerce, Insights, Online Payment This is the 2nd part of our “Online Payment in China Blog-post Series“. In the last post, we discussed the payment preference landscape for China e-commerce. In this post we will explain why you need to offer third-party payment in China. Why is third-party payment essential in China? So why is third-party payment so important for Chinese consumers? The …
China Online Shoppers surged to 302 millions by EOY 2013 March 19, 2014 by Julia Q.Zhu 0 comments 2191 viewson Consumer Behavior, Data, E-Commerce, Insights In 2013, the number of Chinese online shoppers surged to reach 302 million – surpassing the total number of American online shoppers for the third consecutive year. The gap is only growing wider… In the United States e-commerce penetration is leveling off, as nearly 90% of Internet users make purchases online. However, while China has more internet users than …
How Chinese Use Internet: China Internet Usage Statistics 2013 February 20, 2014 by Julia Q.Zhu 0 comments 2678 viewson Consumer Behavior, Data, E-Commerce, Insights According to the latest data released from China Internet Network Information Center, instant message (such as Tencent-owned QQ, Wechat, Taobao-owned AliWangwang) remain the most popular online activity in China with 532.2 million users, which penetrated 86.2% of the total Chinese internet users. E-commerce-related activities including online shopping, travel reservations, group buying and online payment all …
China’s E-commerce Goes Mobile in 2014 January 15, 2014 by Julia Q.Zhu 2 comments 1630 viewson Consumer Behavior, E-Commerce, Insights, Mobile Commerce China’s e-commerce revolution is transitioning from computers to mobile in 2014. The spread of m-commerce, especially for millions of new consumers in inland China, will make mobile the purchasing channel of choice going forward. Alibaba’s visionary founder Jack Ma commented earlier in 2013, “The mission of Alibaba’s mobile department is to eliminate Taobao – by …
The Payment Preference Landscape for China E-Commerce January 10, 2014 by Julia Q.Zhu 5 comments 4400 viewson Consumer Behavior, Data, Digital Payment, E-Commerce, Insights Starting from this post, we will introduce a series of unique characteristics about online payment in China including: 1. The Payment Preference Landscape for China E-commerce 2. Why Third party online payment is Important in China 3. Building Trust with Chinese Consumers via Cash-on-Delivery 4. Best Practices for Payment Processing in China 5. Mobile …
Are Chinese Consumers Ready to Make Big-Ticket Purchases Online? December 30, 2013 by Julia Q.Zhu 0 comments 1553 viewson Consumer Behavior, E-Commerce, Insights, Luxury Many Western retailors believe that Chinese consumers are not willing to purchase big-ticket items online. This is only partially true. Consumer habits are evolving quickly as more and more Chinese people adopt online shopping. Additionally, major e-retailors have finally surmounted traditional barriers to e-consumer trust, and now provide protections such as secure payment and after-sales …
3 Habits That Set Chinese Online Shoppers Apart From Westerners November 26, 2013 by Julia Q.Zhu 0 comments 9475 viewson Consumer Behavior, E-Commerce, Featured, Insights, Strategy The slowdown of China’s economic growth didn’t diminish Chinese consumers’ increasing confidence—especially their enthusiasm to shop online. As ecommerce grows in importance in China, not only do Chinese brands hurry to move online, many Western companies, such as fashion apparel brands Zara and Gap, also view ecommerce as a strategic channel to reach Chinese consumers. …
Alibaba IPO explained: Expect multiple public offerings from China’s e-commerce giant November 25, 2013 by Julia Q.Zhu 0 comments 1285 viewson Alibaba, E-Commerce, Insights Industry insiders expect Alibaba Group’s multi-billion-dollar IPO to be announced imminently — some rumors point to a Q4 2013 listing — but those expecting the entirety of Alibaba to list all at once should rethink their stance. Given the complexity of the company’s business, the future of Alibaba is much more intricate than simply exiting via a …
3 E-Commerce Trends to Watch in China in 2013 May 9, 2013 by Julia Q.Zhu 0 comments 1413 viewson E-Commerce, Insights China’s e-commerce sector has grown rapidly over the course of the past five years. By the end of the third quarter of 2012, the total transaction volume of China’s online retail market reached $125 billion (781 billion Chinese yuan), which accounted for 5.2 percent of China’s total retail sales for consumer goods. Moving forward into …
