E-Commerce
Chow Tai Fook official e-commerce flagship store opens on Suning Egou
Well known jewelery brand Chow Tai Fook has now opened an e-commerce channel at Suning Egou, which holds a market share of 2.4% in the Chinese online retail market. A lot of old brands are located in Beijing. Sunings' Executive vice president Houen Long said that they are trying to introduce 80% of them in their e-commerce store. So in the next two years, the products from another 1000 Beijing local brands should be available on Suning Egou.
周大福官方旗舰店入驻苏宁易购
知名珠宝首饰品牌周大福已于昨日入驻苏宁易购，并开设了官方旗舰店。苏宁华北地区总部执行副总裁侯恩龙透露，北京苏宁目前已就服装、百货、餐饮等北京市老字号企业的招商进行了初步的沟通，预计在2013年底前完成北京80%老字号品牌的引进。“另外我们还将力争在未来两年内引进1000家北京本地品牌。”
Source: Ebrun
E-Commerce
E-Commerce Group Buying Site Juhuasuan leads the market
Unique daily deal aggregator and analytics platform Dataotuan has released their 2012 Q2 report. The report states, that in the field of group buying, Juhuasuan accounts for 57.7% of product revenues. Interesting is, that Juhuasuan "only" holds a market share of 21.5%, followed by Meituan with 16.3% and 55tuan with 9.7%.
Source: Tech in Asia
Digital
360Buy want to have a try with cloud storage services
The B2C e-commerce site secretly launched its “JBOX” in mid July. It has to be assumed that they don’t release the business to compete with other Chinese “Dropbox-clones” like Kanbox or Yunio. It is more likely that JBOX should strengthen the usage of 360buy’s ebook business and other digital services. Currently JBOX is only available to VIP and users of its ebook service.
Source: TechNode
Digital
Vipshop.com: net loss of $ 5.8 million year-on-year
Vipshop.com - a Chinese onlineshopping platform for luxury goods announced its unaudited financial results for the second Quarter. They had a good Q2 net revenue but due to the high costs the profit was bad. The report shows second quarter net revenues of $ 135.3 million, which is an increase of 233.5% over the same period last year. Vipshop.com is the only stock-listed private shopping platform in China.
唯品会第二季度财报：净亏损580万美元 同比收窄
唯品会，一家经营名牌时尚折扣的电商。今天发布了截至6月30日的2012财年第二季度未经审计财报。报告显示，唯品会第二季度净营收为1.353亿美元，比去年同期增长233.5%；归属于普通股股东的净亏损为580万美元，去年同期归属于普通股股东的净亏损为1950万美元。
Source: IT Feed
Digital
Windows Phone app "Baidu Maps" comes with brand new feature
The new Baidu Maps (beta version) for Windows Phone is out now. And it has a killer feature: It is possible to download portions of an area that can be viewed offline afterwards. Baidu Maps has also integrated its own local listing with different categories like food or entertainment. The programme is shared via the cloud storage site http://dl.dbank.com/c0ftbamn1u.
Source: Tech in Asia
Digital
Social Media In Trouble
Social networking site Renren has the same problems as Facebook: It's hard to convert their user base into profit. The total amount of users has been growing to 45 million now, but the company still posts net losses.
Source: Tech in Asia
E-Commerce
Mercedes-Benz Selling A Car Every Three Seconds In Special Online Event On Tmall
Last night at 8:00 p.m., Mercedes-Benz has completed a limited pre-sale event on Tmall: In 2 hours and 30 minutes, all the available 398 cars were sold out. The first 200 cars were sold within the first 10 minutes, which is an average of one car sold every three seconds. Mercedes-Benz has created a buzz around the event on their social channels and by doing so managed to get 6000 potential customers. In addition to Mercedes-Benz, also Faw Vita, BMW X1 and Chevrolet SPARK are on Tmall.
天猫首发奔驰新车 398辆两小时售罄
8月9日消息，昨晚8时，天猫平台限量预售全新梅赛德斯-奔驰运动旅行车，仅用时 2小时30分,398台奔驰全部售罄。开卖后仅10钟不到，已经有200位用户拍下奔驰车，相当于每3秒钟就卖掉一辆奔驰车。此次活动分为前期预售注册、社会化营销预热和正式预售三个阶段。这是奔驰在线上营销上的全新尝试，此前，通过预售注册收集近6000位潜在客户资料,对预售活动进行预热。除了奔驰与天猫的合作，包括一汽威志、宝马X1、雪佛兰SPARK等国际知名汽车品牌商。
Source: Ebrun
Digital
Change isn't always good – Sinas Executives are afraid of mobile Internet
52 percent of Sina Weibo users are accessing the site from a mobile client and the number still rises. The problem is, that it is even harder to monetize the mobile app than the website. Sina’s portal was the “entrance” for the internet for many PC users but portal sites are not really relevant in the mobile world with all of its apps.
Source: Tech in Asia