Welcome! Wednesday - Sep 19, 2018

Xiaomi Overtakes Samsung, China Regulates Instant Messaging Services, Womai.com Raises $100M, the Yahoo-Alibaba Deal, Wal-Mart’s Strategies in China


China Ecommerce Weekly Breif-Obserevre Intelligence

Editing by Su-Jun Lim

 

Xiaomi, which means “Little Rice” in Chinese, has become a big player. The Chinese smartphone maker has recently unveiled its latest smartphone Mi4 that looks nearly identical to the iPhone. Xiaomi led China’s second-quarter smartphone shipment rankings with 14% market share, ahead of Samsung, Lenovo and Yulong, potentially due to its aggressive price point with competitive products.

 

A new regulation by the Chinese government was put into immediate effect which requires users of instant messaging services, such as Tencent’s mobile text and voice messaging service WeChat, to use their real names when registering.

 

Womai.com has just raised a $100 million Series B round from lead investor IDG Capital Partners, alongside SAIF Partners. There is an increasing appetite for imported foods due to growing food security concerns in China. Cofco Corp, a state-owned enterprise, is the majority shareholder of Womai.com.

 

Sue Decker, former president of Yahoo, recounts Yahoo’s strategies in the China market, the relationship with Alibaba, and lessons learned. It is a fascinating story and may offer insight to business leaders seeking growth in China.

 

Wal-Mart has faced a number of challenges in the international market. In many countries around the world, there are two key trends. First, customers are switching to mobile shopping; and second being declining growth rates. In an interview, David Cheesewright discusses tackling the China market and new strategies after Wal-Mart India faces regulatory hurdles.

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