• Fri
  • Dec 19, 2014
  • Updated: 11:25pm

E-Commerce

Logistics property market takes off in China as focus shifts to consumption

With the rapid growth of e-commerce on the mainland, demand for warehouses is rising. Photo: SCMP Pictures

The logistics property market is taking off like a rocket on the mainland, and has the potential to grow to US$2.5 trillion by 2029.

A spike in the number of deals is expected this year as investors bet on consumption-led growth.

Wednesday, 19 March, 2014, 3:29am

Centaline to build up its online business in mainland China

Centaline Group chairman Sherman Lai believes the company's branch network and its staff are its best assets. Photo: Edward Wong

Centaline China, the mainland's largest property agency by number of branches for the past 10 years, is preparing for the changes that will result from the boom in e-commerce in real estate.

19 Mar 2014 - 5:26am

PBOC halts plans by Tencent, Alibaba for virtual credit cards

Tencent's online payment unit, Caifutong, could be hit by the suspension of QR code payments. Photo: Reuters

News that the People's Bank of China had halted plans by mainland internet giants Alibaba and Tencent to offer virtual credit cards sent Tencent shares tumbling yesterday, along with those of partner China Citic Bank.

15 Mar 2014 - 12:39am 2 comments

Retailer hopes Old Navy will bridge China gap

Gap will have to fight for brand recognition in China for its Old Navy chain. Photo: AP

When Gap began an online campaign before it launched its Old Navy label in China, the iconic US clothing retailer asked its potential Chinese customers: have you heard of Old Navy?

Only a few had.

3 Mar 2014 - 3:22pm

Chinese insurers eye opportunities in online payment services

Mobile third-party payment options are increasing. Photo: Xinhua

Payment platforms have emerged as a new battlefield for Chinese insurers, who see internet finance as being increasingly lucrative, but their ambitions could be hindered by concerns over cost and competition from e-commerce giants, analysts said.

28 Feb 2014 - 8:17am

Ctrip poised to report record 2013 earnings

Chinese tourists on a beach in Bali, Indonesia. Rapid growth in mainland outbound travel boosted Ctrip's earnings. Photo: Bloomberg

Ctrip.com International, the mainland's biggest online travel agency, is expected to post solid earnings for the quarter to December on the back of strong demand from outbound travellers and an increase in bookings made through its own smartphone application.

12 Feb 2014 - 3:03am

Amazon adds new stratum to China cloud

The logistics center of internet retail giant Amazon in Leipzig, eastern Germany, is seen on November 25, 2013. Photo: AFP

I don't write too much about cloud services in China, mostly because I think the market is too immature despite Beijing's strong promotion of the industry.

19 Dec 2013 - 11:07am

Cyber Monday spending jumps 18pc from last year

The  Monday after Thanksgiving has been the biggest US online shopping day of the year since 2010. Photo: AP

Cyber Monday is still on top.

Retailers from Wal-Mart Stores to Amazon started rolling out “cyber” deals at the beginning of last month and kept them going. That led some to wonder if earlier sales would put a dent in Cyber Monday sales.

The Monday after Thanksgiving has been the biggest US online shopping day of the year since 2010.

4 Dec 2013 - 3:17pm

US Thanksgiving weekend retail sales dip as online spending jumps

Total spending for the four-day period fell 2.8 per cent from the same weekend last year. Photo: Reuters

Heavy discounting took a toll on US retail sales during the Thanksgiving weekend as shoppers spent almost 3 per cent less than they did a year earlier, according to data released on Sunday by an industry group.

That could be an indication of a more difficult season for many retailers.

One bright spot, according to the data, was e-commerce, as online sales soared.

2 Dec 2013 - 9:12am

E-commerce company Jingdong takes aim at Alibaba

Jingdong's Cheng Honglei rings a doorbell as he makes a delivery. Jingdong prides itself on using its own couriers. Photo: Reuters

The Beijing-based firm, also known as JD.com, operates its own network of couriers and warehouses, a factor it says ensures timely and efficient delivery. Larger rivals Tmall and Taobao, the online marketplaces run by mega-firm Alibaba Group Holding, still depend on merchants and external courier firms for their logistics.

28 Nov 2013 - 3:38am

Making a mark

Making a mark

Niraj Choksi's world revolved around a sweaty little room - before Alibaba opened the door to untold riches.

20 Nov 2013 - 2:36am 1 comment

The great race for China's online fashion market

A MasterCard survey last year found that Chinese internet users shop online the most.

While the US has the largest and most established e-commerce market in the world, it's no secret that Asia and, specifically, China, is catching up fast.

17 Jun 2013 - 10:23am

Style Check: Big brands sign up for new Bitcoin-based e-fashion site Bitfash

Exchange rates for the "pirate's" internet currency bitcoin, a form of virtual cash that is not backed by any government. Photo: Bloomberg

A colleague recently sent me an e-mail that left me gaping at the screen. It was about a new e-commerce fashion website, Bitfash.com "Oh, another online shopping start-up," I thought. But there's a catch: all items are paid for with the internet currency bitcoin.

5 Jun 2013 - 2:46pm

Men twice as likely to be 'shopaholics', says Taobao report

The average Taobao-user in Hong Kong makes an average of 780 transactions in a year. Photo: Thomas Yau

Men are twice as likely as women to become "uncontrollable shopaholics", most shopping is done at night and Jiangsu, not Shanghai, is home to the country's most adventurous shoppers.

22 May 2013 - 2:23pm

Tencent first quarter profit rises 37pc on-year, driven by online games

Tencent first quarter profit rises 37pc on-year, driven by online games

Net profit jumped to four billion yuan (HK$5.05 billion), from 2.9 billion yuan a year earlier. Revenue increased 40.4 per cent to 13.5 billion yuan.

16 May 2013 - 3:53am

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