Sina tech news released on December 18 2013, that Amazon Web Service (AWS) achieved strategic cooperation with cloud valley belonged to China Broadband Capital (CBC). AWS finally was ready to launch AWS in Chinese market.
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Is Tencent’s Wechat Killing its Own QQ?
In the eyes of Tencent CEO Pony Ma, Wechat was opening a new way for Tencent. However, the real problem for Wechat was that in order to achieve, it would have to kill QQ. And this was happening.
WeChat Payment and Alipayment Wallet Strike
These days the smoke of the war between Alibaba and Tencent was very thick. Wechat payment was regarded as the last key element to O2O. In fact, from the insiders’ perspective, Alipay has always been the rich handsome guy. Nowadays, Alipay could not stay calm anymore, which illustrated that WeChat payment came with full preparation.
11 Business Models of Chinese Internet Enterprises
Today we’ll share an overview of how China internet enterprises make money via these eleven common business models.
Alipay Yu’E Bao Fund Reached 100 Billion Yuan
Tianhong Asset Management announced on November 14 2013 that Yu’E Bao fund users surpassed 30 million, fund size reached 100 billion yuan (USD 16.32 billion). It was the first Chinese money fund over 100 billion yuan, ranking 51 in the world.
Baidu Launched Brand Digital Equity List With Millward Brown
Baidu, in cooperation with Millward Brown, announced 2013 brand equity list on November 18 2013. Brand digital equity, a new concept proposed by Baidu, which combined big data of consumer search results with Millward Brown consumer brand equity research, evaluates brand performance in digital area from multi-dimensions.
60 Million Packages Processed on China’s Bachelor’s Day
Double 11 in 2013 created 152 million packages; and, in 2012, the number was 78 million. About 100,000 packages were created in one minute. It is a huge challenge for logistic companies.
Taobao Money Fund Sold 100 Million Yuan In 1 Minute
Double 11 was not only a shopping carnival for consumer goods, this year, Taobao began sellling money fund. Data from Taobao finance management showed that by the end of 3 pm on November 11 2013, money fund products total transaction reached 682 million yuan (USD 112 million). Guohua Life sold out 401 million yuan (USD 65.39 million) worth money […]
Taobao Launched O2O Takeout & Delivery Service
Alibaba claimed that its Taodiandian group would launch takeout and delivery service on November 6, 2013. Taodiandian is a mobile O2O app launched in June 2013, aims at serving local users. There are already over 10,000 shops on Taodiandian, including small restaurants, fruit shops,Patisseries and tea shops. Taodiandian is still testing its takeout and food order […]
Taobao Total Sales Reached USD 5.7 Billion on One Single Day
Chinese “Single Day” Double 11 shopping carnival had just past, Alibaba made another record on November 11 2013: total transaction in a day hit 35 billion yuan (USD 5.71 billion).
Wechat Open API New Policies
Wechat announced on October 29 2013, Wechat would open a number of APIs to verified public accounts. It would charge public accounts for 300 yuan (USD 49) annually for verification fee.
Sina Weibo To Launch Weibo Finance Platform
Since the launch of Baidu Finance Center on October 28, 2013, Sina Weibo, with 500 million users, also announced on October 30 that it would launch a finance product – Weibo finance platform.
Double 11: More Than 80 Million Added Favorites In Shopping Cart
Double 11 , the Bachelor’s Day in China, has become a shopping carnival year by year, millions of people are purchasing at the same time. You really don’t have time to choose and pick, or your favorite products would be sold out in a few seconds. Consumers have learned to add favorites in shopping cart […]
Yiwu B2B Online Transaction To Reach 5 Billion Yuan in 2013
Alibaba’s data showed that in the first half of 2013, Yiwu B2B online transaction reached 2.51 billion yuan (USD 410 million). It is expected to hit 5 billion yuan (USD 816 million) by the end of 2013. Yiwu, a city in the central area of Zhejiang province in China, is one of the most active […]
Double 11: B2C Enterprises Promotion War Upgraded to Offline Retailers
Double 11 is yet to come, the competition between B2C platforms has upgraded. On October 17 2013, Tmall and Yintai shopping mall reached to an agreement of developing China O2O business model. Except for Yintai, more than 30,000 offline stores would join Tmall’s Double 11 promotion.