Welcome! Saturday - May 27, 2017

Lancome Joins Tmall, Alibaba Provides Loans to Shoppers, Full Foreign Ownerships E-Commerce Allowed in Shanghai FTZ


China Ecommerce Weekly Breif-Obserevre Intelligence

Lancome is Latest Cosmetics Brand to Join Tmall

BY ALIZILA

After more than a year of preparation, Lancome, which entered the China market in 1993 and now has 197 brick-and-mortar stores across the country, launched its Tmall store as its exclusive online outlet in China.

 

Alibaba E-Commerce Unit to Provide Loans to Shoppers

BY NASDAQ

An Alibaba Holdings’ affiliate, Ant Financial Services Group (previously Alipay Financial Services) has reportedly launched the beta testing of a new payment option called Huabei or Just Spend, which will offer month-to-month loans of up to $4,800 to shoppers on Alibaba’s Tmall and Taobao. Currently, only a few other credit services exist in China, including JD.com’s credit option and Sina’s Xinyongbao.

 

China Allows Full Foreign Ownership of E-Commerce Firms in Shanghai

BY REUTERS

As part of a pilot scheme, China has allowed foreign investors to fully own e-commerce companies in Shanghai’s free trade zone (FTZ). Previously, foreign investors were required to have a Chinese joint-venture partner. The FTZ was launched last September.

 

Alibaba Buys Majority Stake in Chinese Ad Tech Firm

BY AD AGE

Alibaba has claimed a majority stake in AdChina, one of China’s biggest ad tech companies, adding to its already massive advertising business. AdChina was founded in 2007 and currently has 540 employees. AdChina would work closely with Alimama, Alibaba Group’s online marketing technology platform, as well as Aliyun, its cloud computing arm.

 

China’s Alibaba to Buy $550 Million Stake in Indian Online Payment Firm

BY REUTERS

Alibaba plans to invest $550 million in India’s One97 Communications. One97 owns an online payment platform and runs an e-commerce platform called Paytm, which has more than 20 million registered users. Other investors of One97 include SAIF Partners, Intel Capital and SAP Ventures.

 

JD.com & Tencent Invest $1.55 Billion in BitAuto

BY XINHUA NET

US-listed Chinese auto website operator BitAuto is teaming up with JD.com and Tencent to provide online car transactions. JD.com will invest US$1.15 billion while Tencent will pay US$150 million for Bitauto’s shares. Additionally, JD.com and Tencent will also invest US$150 million and US$100 million respectively to YiXin Capital, a business unit under BitAuto.

 

 By Su Jun Lim. Editor: Luke Dodds

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