Each year Alibaba breaks a new record on Singles Day, the 24-hour online shopping extravaganza has now become a celebratory annual event. The rise of online ecommerce has transformed the way Chinese people shop. According to 2015 e-commerce stats, 46% of Chinese people buy groceries online, 30% people made impulse buys, and $ 333 billion purchase were conducted on mobile devices. The online shopping phenomenon, on one hand, is hurting retail, on the other is fostering a multi-billion dollar express delivery business. With 8,000 express companies national wide, China’s express delivery market was worth $ 42.1 billion in 2015.
Mobile apps in China have created a bubble in which people can get most of the things they need without stepping out of the comforts of their home
The government should step in and regulate digital monopolies because at the end of the day, healthy competition benefits all.
Miko Wormuth, CEO of TWICE Fashion Accessories, on what it takes to build a business from scratch in China and the challenges of operating on e-commerce platforms like Taobao and Tmall.
Michael Zakkour, co-author of China’s Super Consumers, on what makes the Chinese consumer tick, brand loyalty, targeting and lessons from local brands.
During his whistle-stop trip to the US, Alibaba founder and Executive Chairman Jack Ma is busy courting small businesses
By posting a 45% jump in revenues, the Alibaba results have defied expectations. A quick look at the big numbers.
With its huge scale and steps toward global dominance, can anyone rival Alibaba’s might in China’s e-commerce sector?
This week, Shanghai brought the annual practice of fixing GDP growth targets into sharp focus by simply abandoning it; Alibaba and SAIC washed their dirty linen in public; and Apple posted record profits bolstered by Chinese fans of the iPhone 6.
CKGSB Professor Jack Chen on why the government should level the playing field in the Chinese retail industry