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China BizTech News Weekly Digest – June 9, 2014


Editing by Su-Jun Lim

Diageo Turns to the Web in China

BY THE WALL STREET JOURNAL

Diageo PLC, the British distilling company, is rolling out a virtual storefront on Alibaba’s Tmall shopping site in hope of driving sales in China, where liquor can be ordered online.

Weibo to Open Up Weibo Payment This Month

BY CHINA INTERNET WATCH

Weibo Payment launched back in January, co-developed by Weibo.com and Alipay, now allows for third party payment for both enterprises and individuals.

Top Chinese Celebrities and Their Appearance Fees

BY RED LUXURY

China Daily has ranked celebrities based on appearance fees. Top of the list is Fan Bingbing, who also tops the Forbes list, at 1.35 million yuan ($216,493). Jay Chou, a popular singer and actor, ranks third, at 1.25 million yuan ($200,470).

In Asia, Men’s Skin Care Takes Off

BY THE WALL STREET JOURNAL

Asia is one of the fastest growing markets for men’s skin care. Despite being dwarfed by women’s market at the moment, men’s skin-care products are growing rapidly at 9.4% in comparison with 4.8% for women’s. Top brands including L’Oréal SA, Clarins and Estée Lauder are attempting to masculinize skin care products and developing male-targeted products.

China Online Spending Power Unmasked

BY BLOOMBERG BUSINESS WEEK

As Chinese consumers shift to the Internet, online retail sales jumped 52 percent in the first four months of 2014 compared to last year. In addition, Shanghai-based iResearch Consulting Group predicts a continual annual growth of 20 to 30 percent in Internet purchases over the next 3 to 5 years.

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