Mao Suit News 2014.11.20

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MCM Window Display in Beijing

MCM Window Display in Beijing

Just links this week.

FASHION

Taobao Jumps On APEC Suit Trend To Sell Star Trek Jackets To The Masses – I B Times Chinese retailers on popular e-commerce website Taobao Marketplace  have rushed to get imitation versions of the suits worn by the world leaders to sell online.

Event – Chen Man Photo Exhibition in LA – Rogue Wave Projects  From Dec 10 to Jan 24

 

RETAIL

Sold in China National Retail Federation What’s happening in the world’s hottest retail market

Alibaba Singles’ Day: a lesson in retail event marketing – The Guardian

 

CONSUMERS

Chinese consumer sentiment hits 2014 high – China Spectator Chinese consumer sentiment has hit its highest level this year following positive signals in the housing and stock markets and record e-commerce sales figures, according to a private survey.

 

E-COMMERCE

New record for world’s biggest shopping day as Alibaba’s shoppers spend $9.3 billion in 24 hours – Tech in Asia After 24 hours of frantic clicking across China during the nation’s annual online sales day bonanza, Alibaba’s customers spent a grand total of US$9.3 billion (RMB 57.1 billion) on the company’s two estores. That’s up significantly from last year’s full-day tally of US$5.8 billion.

Alibaba and the truth behind the Singles Day sales numbers – Market Watch

By 2018, China will spend more online than the rest of the world combined – Quartz

LightintheBox Embraced “Singles Day” and Hit Record High Sales – Market Watch

JD.com Leads E-Commerce Drop as Sales Outlook Disappoints – Bloomberg JD.com Inc. sank the most since its U.S. debut after Asia’s second-largest e-commerce operator provided a fourth-quarter sales forecast that fell short of investors’ heightened expectations.

Cross-border E-commerce Site Metao Scoops Funding as Chinese e-Shoppers Look Abroad – Tech Node

Inflating e-commerce traffic numbers common in China – Want China Times The recent case of Chinese online retailer Tmall, an Alibaba subsidiary, deploying fake sales figures, has led to an investigation by the China Youth Daily into the practice of inflating site traffic data in internet business.

Tencent’s eCommerce Volume Fizzles – Pymnts.com Tencent, the Chinese Internet giant that’s been trying to make a splash against its country’s E-commerce giant Alibaba, doesn’t seem to be keeping up with its plan as Tencent’s third-quarter earnings report shows the company posted a 81 percent decrease year over year in its E-commerce revenue.

PAYMENTS

Alibaba agreement could give Apple Pay easier path past Chinese regulators – Apple Insider

Apple Adds UnionPay Payment Option for App Store Customers in China – Business Wire

International Payments Services Flock to China – Tech Node Several international payments services have recently said that China has become one of their biggest markets, as an increasing number of Chinese internet and mobile companies actively expand overseas.

Insights of China Mobile Payment (Wechat, Alipay) Users – CIW Alipay, the largest mobile payment platform in the world, and Wechat payment are now most popular among China mobile payment users.

Visa, MasterCard Confront China’s Stacked Deck – Caixin Despite a World Trade Organization directive putting China on notice to open its bank card market by August 2015, the central government has no immediate plans for letting Visa or any other company substantially challenge UnionPay, the state-controlled firm that has exclusive permission from the People’s Bank of China to clear all domestic interbank payments.

CHINA INC.

WeChat Facing Difficulties Competing with WhatsApp, API to Include Payment Functionality – Master Herald. The recent attempts of Tencent, the app’s developer, to expand to other markets, have been met with some strong resistance in the face of WhatsApp, one of the most popular messaging platforms in Western countries.

WeChat – Why It Is the Most Powerful App in the World – The Fuse Joplin There it is known as Weixin and it is a free messaging app. It has been rated as one of the most powerful apps in the world today by Forbes.

China Triumphs as Silicon Valley Primps – Linkedin The best Chinese [companies]….. are much better positioned for the next twenty-five years than their Western counterparts even though many in China still harbor an absurd inferiority complex for developments in the United States.

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