China Internet Watch https://www.chinainternetwatch.com China Internet Stats, Trends, Insights Wed, 09 Oct 2019 06:44:42 +0000 en-US hourly 1 https://www.chinainternetwatch.com/wp-content/uploads/cropped-ciw-logo-2019-v1b-80x80.png China Internet Watch https://www.chinainternetwatch.com 32 32 3 popular models of social e-commerce in China https://www.chinainternetwatch.com/29871/social-ecommerce-models/ Wed, 09 Oct 2019 06:44:42 +0000 https://www.chinainternetwatch.com/?p=29871

Social e-commerce is a segment that involves utilizing communication channels such as social networking websites, SNS, WeChat, Weibo, social media as well as the social interaction, user-generated content and other measures to facilitate the purchase and sales of products. Social networking elements as “like”, sharing, connection, discussion, interaction, and others are applied to the process of e-commerce transactions. Let's take a look at the three popular business models of social e-commerce in China.

Related Dossier: Social e-commerce
1. Social Content E-commerce
This model is the e-commerce model that can be applicable to all products, most worthy of deep exploration. Transactions are driven by content as the audience, based on common interests and hobbies, form a community and attract massive visits by users and fans with high-quality content.

Users can be attracted to consumption through the production of content via social media tools (WeChat, Weibo, live broadcast, sho...

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Baidu going after e-commerce sales with investment in Youzan https://www.chinainternetwatch.com/29638/baidu-going-after-e-commerce-sales-with-investment-in-youzan/ Wed, 11 Sep 2019 07:00:57 +0000 https://www.chinainternetwatch.com/?p=29638

Baidu completed a strategic investment in a Hong Kong-listed retail technology solution company Youzan last month, with a transaction value of approximately US$30 million. Youzan is known for its e-commerce solutions widely used by WeChat sellers (Weishang).

Prior to this round of investment, Baidu and Youzan announced their partnership at the AI Developers Conference in early July to jointly create a Baidu smart program (similar to WeChat Mini Program) direct e-commerce solution. Youzan became the first e-commerce SaaS service provider of Baidu.

This partnership enables Youzan to receive Baidu's support from various resources. In April 2019, Youzan completed an HKD 1 billion (around $130 million) round of funding led by Tencent.

Baidu chose a "cash plus resource" approach to invest in a smart program service provider, mainly for two reasons. On the one hand, the smart program is set as the core strategic goal of Baidu Mobile in the past two years, and e-commerce is an are...

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