• Friday , 20 September 2019

VC China

Cashback News: What’s up with China’s Singles Day promotion and sales projections?

Cashback News: What’s up with China’s Singles Day promotion and sales projections?

Alibaba has already racked up more than $1 billion in sales and more than $5.2 billion in the first hour with more than 84% of sales on mobile devices. 2015 Singles Day sales were $14.3 billion in China for one day alone. compared with a $5.8 billion in US Black Friday/Cyber Monday sales.

Read more

Cashback News – Sept 23: China e-commerce news, trends and innovations

Cashback News – Sept 23: China e-commerce news, trends and innovations

Today, we’re looking at e-commerce news and innovations in China. iResearch reported 2016 Q2 e-commerce sales reached $167.5 billion in China compared to $131.3 billion in Q2 2015. Mobile sales were an impressive 70.1% of sales. Spending online offshore by Mainland Chinese reached $17.9 ...

Read more

Cashback News – Aug 31: E-commerce driving Chinese economic growth in 2016

Cashback News – Aug 31: E-commerce driving Chinese economic growth in 2016

eMarketer reports China will become the largest e-commerce market in the world by the end of 2016, reaching $899.09 billion or 47% of all online sales. Online sales will hit $2.416 trillion in 2020 and mobile will account for 55.5% of all ecommerce sales in 2016 and reach 68% by 2020.

Read more

Cashback News – July 13: What’s the magic to Alibaba’s global e-commerce success?

Cashback News – July 13: What’s the magic to Alibaba’s global e-commerce success?

Like Amazon, Alibaba is a global e-commerce powerhouse. As with its competitor, Alibaba’s success is primarily driven by its CEO Jack Ma. It’s a fascinating company to analyze and we’ve got a roundup of recent news to keep you up-to-date on Alibaba’s growth, ...

Read more

Cashback News – June 16: China e-commerce grows despite soft economy

Cashback News – June 16: China e-commerce grows despite soft economy

We’re overdue for an update on the China market and e-commerce, so here’s the latest news, highlights and developments. 13% of Chinese consumers spent more than $85.7 billion on cross-border e-commerce, reflecting strong interest in foreign products. Chinese authorities postponed a ...

Read more

Cashback News – May 18: China e-commerce news roundup

Cashback News – May 18: China e-commerce news roundup

Today, we’ve got a roundup of China e-commerce news, new developments and trends. According to Business Insider, Chinese e-commerce is growing quickly but still faces a big challenge of logistics and getting products to consumers in “the last mile.” Luxury ...

Read more

Cashback News – April 15: Can Alibaba keep working its business growth magic?

Cashback News – April 15: Can Alibaba keep working its business growth magic?

There’s just one question on everyone’s mind about Alibaba, from VCs, investors, business partners and market watchers to e-commerce, logistics, payment services, clients and competitors around the world. Like Amazon, how far can it go and how big can Alibaba grow? Will the ...

Read more

Cashback News – April 14: China watch: e-commerce news, updates and innovations

Cashback News – April 14: China watch: e-commerce news, updates and innovations

Our focus today is a roundup of China news, innovations, new developments and trends. Chinese economy hasn’t recovered but big e-commerce players are still doing significant business inside the country and through outside investments and collaboration to bring in international ...

Read more