Welcome! Thursday - Jun 22, 2017

China’s E-Commerce Hits $2 Tn In 2014, Nail Polish Brand OPI Joins Tmall, China May Ease Foreign Investment Rules


China Ecommerce Weekly Breif-Obserevre Intelligence

China’s E-Commerce Market Was Worth $2 Trillion in 2014

BY TECH IN ASIA

According to a new report from China’s Ministry of Commerce, China’s e-commerce market racked up RMB 13 trillion (US$2 trillion) in transactions in 2014, growth of 25 percent compared to 2013. Despite the dramatic increase, a separate report from We Are Social indicated that China’s e-commerce market can still grow bigger.

 

Nail Polish Brand OPI Opens Tmall Store

BY OBSERVER INTELLIGENCE

On January 23rd the American nail polish brand OPI opened its official flagship store on China’s Tmall e-commerce platform, aiming to offer convenience to Chinese consumers in more regions and strike back against fake knockoffs.

 

2014俄罗斯进口商品在线消费$50亿 中国商品占比70%
(Russia: 2014 Value of Imported Online Purchases Tops $5 Billion, 70% are Chinese Products)

BY EBRUN

According to Russian Association of Electronic Commerce data, in 2014 the number of Russians who made online purchases of international products reached 15 million. Orders for Chinese products account for 70% of 2014 online international purchases in Russia, an increase of 40% over 2013. It is predicted that over the next few years the market for international online purchases in Russia will double every year, and that international purchases will account for 60% of Russia’s e-commerce in 2015.

 

LVMH-Backed L Capital Asia in Chinese Shopping Spree With Investment in Sasseur

BY THE WALL STREET JOURNAL

L Capital Asia, the Singapore-based Asian private equity business backed by LVMH Moët Hennessy Louis Vuitton S.A., joins the rush into outlet malls and is investing $100 million in Sasseur Cayman Holding Ltd. Sasseur started as a coffee shop but it is now a mall developer that has four outlet malls and plans to add another four this year.

 

Alibaba Looks To Take E-Commerce To Rural China

BY ZDNET

Jack Ma demonstrated Alibaba’s efforts in eliminating counterfeit products and showed the plan for future expansion of e-commerce in 200,000 villages across China, while giving the Chinese Vice Premier Wang Yang a guided tour of the company’s headquarters in Hangzhou, Zhejiang province. Ma claimed that the company strives to change the world in the next 15 years and wants to see changes in the Chinese people and the nation.

 

China Looks To Ease Foreign-Investment Rules Covering Internet Companies

BY THE WALL STREET JOURNAL

The Chinese government is taking measures to regulate a murky corporate structure that may ease the ban on foreign investment in sensitive industries. Currently, companies use a structure called variable interest entity (VIE) to let foreigners invest indirectly in companies in these banned industries.

 

By Su Jun Lim. Editor: Luke Dodds

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