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Tag Archives: e-commerce
Internet in China: Alibaba.com largest IPO since Google went public
Alibaba.com, the largest business-to-business portal in China underwent its first day of public share trading in Honk Kong, and the results exceeded all expectations, as the price tripled, raising $1.5 billion. The public offering is expected to raise nearly $2 billion in Hong Kong, making its debut offering as large as Google’s 2004 I.P.O. in the United States. 'We are pleased to welcome investors from Hong Kong and around the world to join us in building a world-class e-commerce company,' said Jack Ma, non-executive chairman of the company and chairman and chief executive officer of Alibaba Group...
Posted in China, economics, information technology Also tagged Alibaba, Asia, Chairman, eBay, google, HKD, Hong Kong, Hurun, internet, Internet In China, Jack Ma, japan, Report, Rupert Hoogewerf, search results, taobao, United States, Yahoo, Yuan Leave a comment
China, Socialism & Consumer Behavior
With the opening to new markets and the growth of the Chinese economy, a new social class has emerged -- to some extend, unthinkable in a Communist China: the millionaires. According to a survey from Cap Gemini/Merrill Lynch, the number of millionaires (in US Dollars) in China have reached more than 230,000. The large majority of these new riches choose Shanghai to invest their money and also spend their money...
Posted in China, consumer behavior, economics, trends Also tagged Amsterdam, Asia, Automobile Industry, behavior, Bloomberg, Branding, Brazil, Business In China, Capgemini, Chinese Economy, Chinese People, consumer behavior, designer, ferrari, France, Infrastructure, Living In Shanghai, Luxury Items, Merrill Lynch, Nouveau riche, Paris, Report, revenue, Secretary General, Shanghai, The Netherlands, Tokyo, Xinhua, Yuan 3 Comments
e-Commerce in China: numbers and trends
China could become the world's biggest online market within two years: the number of Chinese netizens has surpassed 123 million and number of people with access to broadband connection rose by 45.3 percent during the first half of the year to 77 million. Studies show that a typical Chinese consumer spends an average of 17.9 hours per month (36 min./day) engaged in popular online activities such as chatting, blogging, gaming, and shopping [...]
Posted in China, consumer behavior, economics, information technology, trends Also tagged Alibaba, Amazon, Asia, Beijing, broadband, CCID Consulting, China Mobile, Chinese Academy of Social Sciences, Dangdang, DHL, eBay, electronics, Forbes, Gold farming, IDC, internet, Internet Development, Internet Industry, Jack Ma, Joyo, Netizens, Online shopping, Report, Statistics, Survey Report, taobao, Xinhua, Yuan Leave a comment
Internet in China: Online Gaming & “Gold Farming”
According to the China Internet Network Information Center, the population of Internet users in China by last June is over 123 million -- 63% of those people have broadband access. More that 20 million chinese play online games, and the e-commerce revenue have grown 50% in relation to last year numbers. Estimates of the revenue of the online gaming industry points to a total of 1.3 billion dollars by 2009, an annual growth of 35%, according to IDC. Such growth ended pushing the numbers of other sectors up: online games brought 17.3 billion Yuan (2.14 billion dollars) to Telecommunication industry, 7.1 billion Yuan (887.5 million dollars) to the Information Technology industry, and 30 million Yuan (3.7 million dollars) to the Publishing industry [...]
Posted in China, economics, information technology, software, trends Also tagged broadband, Business In China, China Internet Network Information Center, Game, Game Developers, Game Players, Gaming Culture, Gold farming, IDC, information technology, Information Technology Industry, internet, Internet Cafe, Internet In China, Internet use, Internet Users, Network Information Center, online game, online games, online gaming, online gaming industry, revenue, Yuan 2 Comments
China software industry reports 20% rise in revenue