Tag

China

JD.com launches luxury ecommerce platform

JD.com, a China-based retailer, has launched Toplife, a new, full-price luxury ecommerce shopping platform with online shopping platform.    The new ecommerce platform gives high-end brands to enter the Chinese market and reach a wider audience. The launch of a separate shopping online store for luxury items was motivated by the desire to offer consumers…

WhatsApp is now blocked by the Great Firewall of China

WhatsApp is one of the last Facebook-related products that are now blocked in China. According to The New York Times, WhatsApp faced service disruption in China last Wednesday, and the Great Firewall entered into full force yesterday.   Cybersecurity experts that were approached by The New York Times said that their government is possibly using specialized software…

Alibaba to launch online payment platform AliPay in Canada

Alibaba Group has announced that the online payment platform AliPay will officially launch in Canada through a partnership with Snap Pay.   Due to this announcement, Canadian retailers will start accepting Chinese currency from Chinese shoppers this week. More than 450 Canadian merchants are said to already accept AliPay in an unofficial capacity. Chinese consumers visiting Canada will…

Chinese ecommerce sector grows by 27% in trade

China Research Centre of Ecommerce has published a report showing that the country’s ecommerce trading recorded USD 2.03 trillion in the first half of 2017.   The ecommerce sector in China continues to see rapid growth on all fronts. Business-to-business transactions reached USD 1.3 trillion, while online retail sales were at USD 470 million.  …

Tencent opens its credit rating system

Tencent has opened its credit scoring system to limited group users on QQ, WeChat’s older sibling.   This marks a big step forward for Tencent:  not only does this fill in a glaring gap in their product lineup, it also puts them in direct competition with Alibaba’s Sesame Credit.   According to previous screenshots from early…

China to block personal VPNs by February 2018

  China’s government has told telcos to block individuals’ access to virtual private networks (VPNs) by February 1. According to sources to Bloomberg, state-run telcos like China Mobile, China Unicom and China Telecom have been ordered to bar people from using VPNs – tools perceived as a loophole around the Great Firewall.   China’s access…

China holds 40 percent of total global ecommerce transactions

China remains the largest global eCommerce market in terms of trading value, accounting for over 40% of the total transactions.   Transactions through eCommerce platforms have reached CNY 26.1 trillion (USD 3.8 trillion) in 2016, increasing by 19.8% from 2015, according to a Sina news report citing data from the…

Alipay users’ number has doubled, Ant Financial claims

Ant Financial, the payment affiliate of Alibaba, has claimed that its number of daily active users doubled in 2016. So far, the company has not yet disclosed data about the total number of active daily users, but it has reported that over 450 million people use its Alipay service for…

Rumor: Apple Pay to be available in China by February, before Samsung Pay

The race between Apple and Samsung in launching their respective mobile payment service is on. According to The Wall Street Journal, people familiar with the matter claim that Apple will be launching Apple Pay in China by early February next year. Apple reportedly has signed deals with China’s big four…

China to ban drone delivery in urban areas

Is drone delivery the future of ecommerce? That’s an open question, but the concept looks to be taking a big blow in China this month, with authorities slated to roll out regulations that will reportedly ban urban drone delivery.   Currently, drones exist in a relatively unregulated space in China.…