In 2013, Jingdong’s total revenue exceeded RMB69.34 billion ($11.28 billion) and its net profit was RMB6.86 billion ($1.11 billion) with net profit rate of 9.9%. Jingdong ranked top in China Internet enterprises by revenue, followed by Tencent and Alibaba in 2013.
China Small & Medium Enterprises in B2B E-commerce Market Overview
In Q3 2014, total revenue of China small and medium enterprises in B2B e-commerce market was RMB4.96 billion ($810.7 million) with an increase of 14.9% year on year while it decreased by 9.3% quarter on quarter.
Interbrand: Best China Brands Report 2014
Interbrand, a brand consultancy company, released its 2014 Best China Brands report last week. Tencent claims the #1 position with China Mobile dropping to #2.
China Online Advertising Market, Top Online Advertisers in Q3 2014
In Q3 2014, total transaction value of China online advertising operator market was RMB43.55 billion ($7.08 billion) with increase of 51.4% year on year and 16.7% quarter on quarter according to data of EnfoDesk.
Alibaba Double 11 Sales Exceeded $2 Bln in One Hour
As China’s biggest online shopping day, Double 11 is very much expected for by both online retailers and consumers. It started from midnight and the total sales on Tmall exceeded 1 billion yuan in just three minutes.
Preference of China Double 11 Online Shoppers
On Double 11, or Singles’ Day in 2013, Tmall generated an one day sales record of RMB35 billion ($5.7 billion). Tmall’s goal for transaction value on Double 11 (11 Nov 2014) is to reach RMB50 billion ($8.16 billion) in 2014.
Stats of Top Selling Brands on Taobao/Tmall in 18 Categories
As top the brand in men’s clothes category on Taobao/ Tmall, afs Jeep had an increased revenue of RMB23 million ($3.7 million) followed by Markfairwhale who had increased by over RMB10 million ($1.62 million) in sales value compared with August according to data of Taobao Mofang.
Yu’E Bao Grew to 149M Users in Q3 2014
Tianhong Fund disclosed the report of Yu’E Bao’s first three quarters’ performance in 2014 on 24 October. As of 30 September 2014, total transaction value of Yu’E Bao exceeded RMB534.9 billion ($87.46 billion) with a decrease of 6.8% quarter on quarter in Q3 2014.
Alibaba Launched New Travel Brand Alitrip.com
Alibaba Group upgraded Taobao Travel and launched an independent travel brand “Qu A” at Alitrip.com today and a corresponding mobile app is also released.
Alibaba Bringing South Korea Suppliers to Chinese Sellers
1688.com, the largest online B2B website under Alibaba Group and sourcing destinations of many Taobao sellers, is opening up to foreign suppliers with the addition of twenty four South Korean brands through Alibaba’s Direct From Overseas Markets program.
Alipay’s Mobile Strategy with 190M Active Users
Till 16 October in China, total number of Alipay Wallet’s active users exceeded 190 million and the daily mobile payment transaction volume exceeded 45 million, accounting for more than 50% of total Alipay transactions.
Tmall Targets to Generate RMB 50 Bln Revenue on Double 11 2014
It is leaked on China internet that Tmall’s goal for transaction value on Double 11 (11 Nov 2014) is expected to reach RMB50 billion ($8.16 billion) in 2014. In 2013, Tmall created an one day sales record of RMB35 billion ($5.7 billion) on double 11, which had great impact on China retail market.
Alibaba Invests $50M in Smart Remote App Peel
As part of Alibaba Group’s “live @ Alibaba” vision to diversify the company’s products and services and become central to the everyday lives of consumers, it invests $50 million in smart remote app Peel.
Alibaba Invested in China Hotel IT Provider for Taobao Travel
Taobao has agreed to invest RMB2.81 billion in Beijing Shiji Information Technology Co. Ltd (Shiji Information) who is listed on Shenzhen Stock Exchange (code: 002153), a China-based hotel information technology provider, in return for a 15% stake according to Alibaba Group press release.
INFOGRAPHIC: Alibaba Investment Timeline 2005-2014
Check out this infographic to have an overview of Alibaba Group’s investment and acquisitions since 2005 before its IPO.