China's eCommerce offer endless business opportunities for U.S.-based brands, retailers and merchants that want to discover new China business opportunities to grow and sustain their online businesses in China. There are over 520 million Internet users in China and growing. In 2013, two of Alibaba's websites handled $240 billion in sales (that's double the size of Amazon, triple the size of eBay, and one-third more than the two competitor companies combined). Alibaba (NYSE: BABA), finally went public after months of hype, with the stock opening at $92.00 on September 14, 2014.
Taobao and Tmall, two major online shopping websites run by Alibaba, have their own promotional events. The most popular one is Tmall's “Singles Day” aka “11/11”, promotion which is the biggest on-line shopping day in China, but considered the world's biggest eCommerce event. In 2013 Alibaba recorded sales of $5.7 billion on that single day.
Tmall is the largest shopping platform China and it hosts about 600 million Chinese consumers. Tmall's sales is increasing due to the high demand and strong appeal for U.S.-branded products by Chinese consumers, as well as high quality online storefront and credible local service providers. eCommerce sales in China are expected to continue on a trajectory of 32% average annual growth, reaching $538 billion by 2015.
China's GPD will outpace most major western and eastern economies in the world in the next 10 years. So you can't afford NOT to have an eCommerce presence in China.
The million dollar question is “HOW can you create an economically viable eCommerce footprint in China, drive revenue through a trusted and knowledgeable 3rd party partner, and reach China's gigantic online marketplace effectively?”
That's where we step in and help you develop customized eCommerce solutions that fit your revenue goals and brand values while doing business in China.
Sources: Forbes, NYT, eWorld Stat, Macquare Research, Alibaba Group (2013)
China's eCommerce offer endless business opportunities for U.S.-based brands, retailers and merchants that want to discover new business opportunities to grow and sustain their online businesses in China.
China's eCommerce ecosystem is highly dynamic with new players emerging every day. Businesses have known for some time that China is ripe with opportunities to grow revenue, but having any form of physical store or in-country location presents a multitude of challenges. So instead, many companies turn to eCommerce websites catered for the Chinese market. It's a way to realize this sales potential and bypass these obstacles of selling in China. That's not to say that launching a global eCommerce site for China is easy though. Still, with the right 3rd party service provider and partner, you can sail through it more swiftly and easily.
China's shoppers love luxury brands, but until now their eCommerce experience has not always measured up.Show More