The week that was: China may trump the US to become the world’s largest economy soon; the Chinese P2P lending sector to get new regulations; Xiaomi shells out a cool $3.6 million for a two-word domain name. China to be the World’s Largest Economy Soon For the last decade pundits have been prophesizing that China is […]
China Roundup: Tencent buys into China’s Yelp; Dongfeng offers a lifeline to Peugeot; and Fosun might buy Forbes
The week that was: State-owned automaker Dongfeng Motor Corporation invests in ailing French company PSA Peugeot Citroen; Xiaomi enters the Singapore market with a splash; and Tencent acquires a 20% stake in Dianping.com. Dongfeng ties up with Peugeot Chinese automaker Dongfeng (which means “east wind”) is spending $1.1 billion to buy a 14% stake of […]
China Roundup: Lenovo Buys Motorola Mobility; JD.com to list in the US; and Tencent Jumps Into Streetview
The week that was: Lenovo snaps up Motorola Mobility and climbs up to Number Three in the global smartphone market; JD.com to list in the US; and Tencent Maps gets aggressive in the streetview segment. Lenovo says, “Hello Moto!” Remember Google’s much touted purchase of the US mobile phone maker Motorola Mobility in 2012? It […]
All Hail Alibaba
Alibaba is eyeing expansion into new sectors and overseas, but will old tactics serve on new terrain? If Jack Ma has his way, the sun will never set on Alibaba’s empire. The billionaire entrepreneur’s internet giant rules China’s e-commerce roost, with 500 million registered users and RMB 1 trillion in total 2012 sales from Tmall, […]
Global E-Commerce: China’s Jingdong Steps Out
Jingdong, China’s second-largest business-to-consumer (B2C) e-commerce site, recently went global. It debuted its English-language global site in October 2012. The company ships to 35 countries across the world, including places in Europe, Middle East, Africa and the Americas. Shi Tao, Vice President (Retail), Jingdong, hopes that in 2-3 years, the company will clock yearly revenues […]
Jingdong leads the e-commerce charge in China
Jingdong (JD.com, which was formerly known as 360buy.com) began as a brick and mortar electronics retail company in Beijing’s Zhongguancun market in 1998. But the 2003 SARS epidemic hurt business as people stopped going out for shopping. The ingenious founder Liu Qiangdong smelt an opportunity here and dabbled in an experiment in selling his goods […]
Download the June 2013 issue of CKGSB Magazine: Future of Freemium
You are invited to download the June issue of CKGSB Magazine. You’ll enjoy articles and interviews like: COVER STORY: The Future of Freemium: In light of the recent debate over whether WeChat should start charging its users, CKGSB Magazine takes a close look at the freemium model in which a company provides the bulk of its services […]
Logistics revolution in China: Will delivery companies deliver?
China’s logistics sector owes its rapid growth to the country’s e-commerce boom, but can it keep pace? Express delivery in China is cheap and fast. Buy something online and most likely you’ll have a kuaidi (Chinese word for courier) at your door step in just a day or two for a small delivery fee of […]
China’s E-Commerce Companies Go Global
Can China’s e-commerce companies like Jingdong Mall and VANCL replicate their success in international markets? Just a few weeks before stepping down, Jack Ma, the founder and former CEO of Chinese e-commerce giant Alibaba, addressed the students of Stanford University. While talking of his humble start in China’s e-commerce industry and his rise to the […]
Digital Promised Land: Retailers Look to E-Commerce to Succeed in China
Can Western retail brands make it big in China’s e-market? In September 2012, The Home Depot announced that it was closing all seven of its megastores in China. After eight years of consumer research and a $100-million 12-store acquisition, The Home Depot called it quits in China after realizing that China isn’t a sure return […]
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