However, the E-commerce market in China has many key players beyond the Alibaba Group; firstly JD.com is one of China’s largest e-commerce companies, which retail B2C websites in China in terms of transaction volume. If the brand is already in China, has quite a reputation, then it’s time to try new things. Imported goods are liked by Chinese consumers for their good quality, health and safety, and even package design. Bezos can recall the title of the actual first book he sold from his garage in July 1995: Fluid Concepts & Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought. The middle- to upper-class consumers are now increasing their demand for goods that are not available domestically. E-retailers are creating more shopping festivals and themes to increase consumer’ engagement. contact and confirm with the platform for product entry, It is more high-end than Taobao and the requirement to enter as a seller is high. The show never aired and was canceled a year later. Those two will still have a total of 58.2% this year, but Alibaba’s share is shrinking as the market diversifies with. Once a whole town was sold on eBay! It connects its subscribers to local businesses in one of 500 cities worldwide. There are so many platforms nowadays, thanks! However, JD only really started to grow when it took its business online. Tmall also offers a crossborder service for foreign entities that do not have a presence in China and wishes to try out the market. JD.com is its main competitor, and also owns the online grocery business Yihaodian, formerly owned by Walmart. Pinduoduo's $200m investment in Gome heats up competition with Taobao and JD.com China is a challenging market for foreign brands and Chinese netizens are difficult to please. What are the most used e-commerce platforms in China? When you think about localization it also about culture and consumption habits. 2019 data announced by Alibaba “Annual active consumers on our China retail marketplaces reached 601 million, an increase of 25 million from the 12-month period ended June 30, 2018”. With the revenue of almost $11B in 2018, eBay comes fourth on the list of the largest eCommerce companies in the world. 8 Indispensable Extensions Every Student Content Creator Should Be Aware Of, The Rise Of Freelancing: Your Ultimate Guide To Becoming A Freelancer In Germany, Benefits of Using Custom Software for Your Business, Marketing Tools You Can Easily Use in Your Organization, DIY Website Design vs. Professional Hire: What You Need to Know. It features a fast delivery service and guaranteed product quality. March 25, 2020 | Therefore, how can a company choose the most suitable platform for its sector and its possibilities? With the revenue of over $2B, B2W Companhia Digital takes sixth spot on our list of the largest eCommerce companies in the world. The eBay’s beloved red-blue-green-yellow logo is for many a symbol of the 1990s and for a good reason. We are the top and most visible Web & Marketing Agency for China you will find on the web. GMA helps brands join China’s most popular e-commerce platform. The requirements are still quite high. We Setup Stores and run smart Digital Marketing Campaigns in China. In 2012, CBS created a sitcom about two guys working in Groupon called Friend Me. For nearly a decade, China's B2B market was ruled by the e-commerce conglomerate Alibaba. Suning e-commerce platform categories include physical merchandise, such as home appliances, 3C products, books, general merchandise, household commodities, cosmetics, and baby care products, content products, and service merchandise. Thanks to various online platforms, such as Kaola.com, Tmall Global, and JD Global, Chinese consumers now can have broad access to products from overseas. Over the years, the Chinese e-commerce market has changed a lot, revolutionizing the traditional system for both consumers and sellers. That compares with a 5% growth rate among emerging-middle-class and middle-class consumers. They have teamed up with scientists to design drones that could carry freights weighing up to one metric ton! Is the brand is new to China, then the priority is Brand Awareness Who says books aren’t profitable! If you want to know more about how to enter and manage this platform, contact GMA. Theoretically, all cross-border e-commerce companies must register with Chinese customs and comply with all applicable requirements and China customs will block entry of any goods that violate these … Now, one might think that he or she knows all the companies listed, but only the giants have caught your eye since there are many more eCommerce companies whose net worth is measured in billions. Gucci also sells on Farfetch, but not in China. The Single’s Day ‘shopping holiday’ is not a public holiday in China but has become the largest shopping day in the world, beating Black Friday, the day after Thanksgiving in the U.S. E-commerce sales in China are on way to surpass expectations as they already reached $1.53 trillion in 2018. Founded in 1998, JD.com is the largest B2C online retailer in China and one of the biggest competitor to Alibaba. Tmall B2D has implemented a new B2D strategy (Business to developers) to resolve the problem of distribution in China. Online to Offline (O2O) business model is transforming the retail industry. What are the Chinese marketplaces ranking list? Global, regional and national e-commerce websites have already taken the lion’s share of the Malaysian market. Plus, it’s catchy, easy to pronounce and known across the world. The app offers many benefits to sellers such as: We love the current dynamic in the Chinese eCommerce world. It was founded in 1998 and started trading online six years later. Chinese e-commerce giant Alibaba reported RMB268.4 billion (US$38.4 billion) of sales on November 11, a rise of 26 percent compared with 2018. It features a variety of items and cheap prices. This list of companies and startups in China in the e-commerce space provides data on their funding history, investment activities, and acquisition trends. The idea is simple, only quality sellers are allowed, when one is ordering on Tmall, one does not have to worry about what he/she will receive. As McKinsey & Company exposed: As brands and retailers use increasingly specific targeted ads on social media platform, these numbers will likely rise. Alibaba Group Holding was founded in 1999 and is based in Hangzhou, China. We help brands to sell their products on Tmall through: ©2016 Gentlemen Marketing Agency. Taobao Marketplace is a China’s largest C2C shopping destination. This concept involved the integration of online and offline retail elements, including products, services, logistics, big data, marketing, management, and so on. Tmall B2D manages to connect distributors with the brand directly to avoid any intermediate connections, by gathering all distributors and helping them to connect with the brand. Its companies and their business models are completely different from those in other markets, and none of the big American and European players have any real presence. The three biggest social media players used to WeChat, microblog Weibo, and social network QQ Zone. China tech China's e-commerce companies draw consumers closer to product-makers. Additionally, Amazon.cn, which dominates many Western E-commerce markets, is also very popular. Pinduoduo buyers can get discounts, gifts, and even free items by promoting, sharing links, and pushing peoples to register on Pinduoduo. I’m very happy to hear you appreciate our work . buyers are very careful buying things, they check several aspects including the shop credit, customer satisfaction rate, and comments before making their final decision. The company’s e-commerce segment provides online and mobile marketplaces in domestic retail and wholesale trade, as well as international cross border e-commerce. The main problem is it does not support instant online customer service and its customer-service phone is hard to get through. 11 Nov 2020 China’s ByteDance challenges Trump’s TikTok divestiture order Chinese e-commerce giant Alibaba records $56bn in first post-virus Singles’ Day sales, beating 2019 high. Consumption among the upper-middle-class is still growing so fast, over 17% per year, and, by 2020, will account for $1.5 trillion in urban China. Contact us now to discover which solution fits your business best! Like … Many of us living in a western world didn’t even heard of this eCommerce giant! The important thing that really matters is building a website that is relevant to your target customers. Tmall.com is China’s … In fact: the products are usually offered by small business owners. Cosmetics, clothes, and bags come with reviews, ratings, and user backstories on purchases. The company has the largest fulfillment JD Logistics which provides business partners with supply chain solutions, including warehousing, delivery, and after-sales service. Best Practices To Sell Wine In China in 2020, Le nouveau cycle de financement de la société Zhiketong avec WeChat - Touristes Chinois, How to Optimize your Conversion Rate and Visibility on WeChat Mini-program, Massage Equipment (or tools) brands are getting popular online in China - Ecommerce China, Kaola : the new cross-border market place in China. We help brands: Another e-commerce platform owned by Alibaba is Tmall focused on B2C services. It maintains quality by setting up purchasing teams in foreign cities such as Tokyo and tries to keep prices down by negotiating directly with manufacturers. If you are buying stuff on the Internet, there’s a significant chance that you bought something from AliExpress or Alibaba. This market is just too enormous to be ignored, so it’s important to adopt the best practices to set up your e-commerce design for China that will mean taking a big step for your brand’s success. How Chinese Tech Is Gamifying E-Commerce Discover how Chinese companies are gaining customers while reducing risks. It was one of the first successful dot-com bubble companies that epitomized online shopping. For this reason, the number of Chinese online platforms and cross-border shopping sites where high-end and niche international brands are growing in popularity and are also driving the consumption updating movement. B2W Digital’s brands Americanas.com, Submarino, Shoptime, SouBarato, Digital Finance, Submarino Finance and B2W Services boast a wide range of services, including, but not limited to: telesales, catalogs, TV, internet and newsstands distribution channels. optimization of promotional activities inside and outside the platform. Looking forward to seeing more content about Pinduoduo. Many of us living in a western world didn’t even heard of this eCommerce giant! These shopping festivals are a perfect opportunity for new brands entering the Chinese market. The disposable income and consumer confidence rise, is encouraging them to spend even more online. Having listed all the companies, we can notice that they are evenly distributed geographically, covering every corner of the globe. The possibility of showing the total of sales outside the platforms (great to increase conversion). Surprisingly enough, this the first European company on the list of the largest eCommerce companies in the world. With the development of new technologies, building a beautiful and dynamic website is not a big deal. For example, over 79% of consumers said they planned to participate in Double 11. The online retailer partners with over 1,000 brands to bring certain amounts of items at a lower price for consumers. Suning Commerce Group Co., Ltd. principally operates franchised retail shops of electronics appliances in China. This internet company today has the largest revenue in the world, but its beginnings were humble. festivals campaigns usually generate more engagement/conversion. Ecommerce development company help companies comfortably hit their revenue growth targets with the perfect mix of online presence, mobile outreach and sophisticated backend capabilities. Why Machines & AI Cannot Be a Replacement for Humans? Online wallets are the top payment method, nearly 33% of Chinese shoppers use it to complete transactions. Not only the app work directly with suppliers reducing the cost of sold items but it has focused on affiliation working hand in hand with Wechat. Over the past 10 years, many platforms have developed, improved to adapt to the demanding and ever-changing needs of Chinese consumers. Few people haven’t heard of Jack Ma’s success story. The idea is simple, only quality sellers are allowed, when one is ordering on Tmall, one does not have to worry about what he/she will receive. Back in 2017, e-commerce sales outpaced estimates by $44.41 billion, driven largely by sales from leader Alibaba’s Taobao and Tmall. This Brazilian based online retail company is the largest of its kind in Latin America. Suning.com is one of the largest non-government retailers in China, headquartered in Nanjing, Jiangsu Province. Rakuten is a Japanese eCommerce company launched in 1997. There are many ways to sell online in China. Required fields are marked *. Social Media is playing an increasing role in e-commerce in China, with platforms like WeChat driving more online purchases. Little Red Book, founded in 2013, has 70 million mostly young users. If we are comparing the number of employees, JD.com has over 137.000 while Alibaba currently has a little over 65.000. With the development of new technology, one seems to overshadow the rest: Video. It continues to expand aggressively. Learn more about our JD.COM services just clicking here. Merchants on Taobao are primarily individuals and small businesses. All Rights Reserved. Last fall, Kaola.com announced plans to spend 500 billion yen ($4.65 billion) over the next three years to buy Japanese products. Regardless of where you live, if you decide to purchase something online, you will inevitably come into contact with some of these enterprises. In all, Rakuten Group runs some 70 businesses, ranging from widely used instant messaging app Viber (as 2017 officially known as Rakuten Viber) to having their logo on FC Barcelona’s jerseys. In 2010, when Zalando moved into its first non-German speaking market, an awkward thing happened. It was initially not more than an online bookstore. Today, the company brandishes its high tech delivery system, comprised of robots, AI, and a fleet of drones. For example, the largest e-commerce platform in China, Alibaba recently invested $2.9 billion in China’s biggest offline retail group, Sun Art. For years, Pinduoduo has been focusing on smaller Chinese cities by offering the best deal and the possibility for users to work and in hand to get items at a bulk price. We seek to form long-term partnerships with serious projects. Live streaming by KOLs has of course a huge impact on sales conversion but short video ads are also part of the game with unicorn app such as Douyin. This eCommerce company operating from Beijing is the first of three major Chinese companies we list here. Not only are these platforms being used to discuss and research products, they are also driving direct purchases. Double 11 and some shopping festivals are a key opportunity for local and international brands to leverage the enthusiasm for shopping among Chinese consumers. Alibaba has become China's most valuable e-commerce company, with its market value hitting 4.1 trillion yuan ($585.1 billion) by June 30, according to … This solution is considered as the new revolution of distribution in China because major companies like Alibaba have started to find ways to arrange this market. This eCommerce company operating from Beijing is the first of three major Chinese companies we list here. What is the most suitable e-commerce platform for your brand? It also has an English version website en.jd.com. With more than 24% of market share, it is now China’s largest cross-border e-commerce platform. JD.com (JingDong) JD -store and Promotion, Tmall Distribution Marketing Agency in China, Influencer Marketing For Ecommerce in China, Bilibili Influencer(KOL) Marketing Agency in China, Natural Cleaning Products: a Huge Demand in China, Pinduoduo and the “Cloud agriculture” campaign, Massage Equipment (or tools) brands are getting popular online in China, JD Black Friday: Food & Make-up sales surge. Jingdong are so tech crazy, they have plans to build drone airports, flight training and even flight control for drones who deliver goods. JD Mall’s cross-border service, JD Worldwide, allows international merchants to sell directly to Chinese consumers without a physical presence in China. There are dozens of mobile eCommerce platforms, but in 2017 Taobao had the most monthly active users at 253.2 million. Alibaba is one of the largest internet companies in China (and the world), and is the company behind some of China’s biggest ecommerce platforms, including Taobao Marketplace, Tmall and AliExpress. As the number of mobile users rises, the importance of social media has increased. It is rather common for Chinese netizens to buy more during these festivals and to hunt for the best deals. Their logo resembles an orange guitar pick. Chinese local e-retailers are finding it difficult to compete with foreign companies when it comes to foreign products, especially Amazon. The Chinese e-commerce market is too big and growing too fast to ignore, but Canadian companies need to have a clear understanding of the risks and rewards before committing resources to entry or expansion. This platform allows significant gains for all participants (the final customer, as well as the intermediary distributors) and therefore the success of the product and its brand in China. In addition, the rapid expansion of cross-border e-commerce has offered opportunities for small and medium-sized enterprises to participate in world trade. Its principal businesses include Taobao, Tmall and Alibaba.com. The second on our list of the largest eCommerce companies in the world is Jingdong, also known as JD.com. Live streaming is becoming incredibly popular and hard to avoid these days. It is a virtual shopping center that hosts many international brands, such as Gucci, Calvin Klein, Burberry, and many others. The penetration rate of group shopping consumers has reached the highest at 57%. Their penetration rate has increased to 11.9%. Live streaming has proved itself to increase ROI and Conversion rate. In 2020, according to statistica “the revenue is expected to show an annual growth rate (CAGR 2020-2024) of 6.9%, resulting in a market volume of US$1,309,535m by 2024.”. Your email address will not be published. We are an E-Commerce Company specialized in Tmall. AxiomQ Ventures © All Rights Reserved 2020, Jingdong – Chinese eCommerce With the Cutest Logo, Alibaba Group Holding Ltd. – Chinese eCommerce Dragon, eBay Inc. – The eCommerce Company That Once Sold a Whole Town, Rakuten, Inc. – Japanese eCommerce Godzilla, B2W Companhia Digital – eCommerce Company From the Beaches of Rio de Janeiro, Zalando – Largest European eCommerce Company, Groupon – eCommerce that Connects Users with Local Businesses, How To Get Quality eCommerce Counsel Services For Your Online Business, Reasons Why Your Website Needs a Privacy Policy. Let’s take a look at some of the most popular Chinese eCommerce platforms and understand their specificities. An app that works with rival giant Tencent and that is promoting social eCommerce. 80% of internet shoppers are using social e-commerce channels. Shopping festivals are great to run unique campaigns, sell limited editions Taobao has rebranded itself has a platform that encouraged entrepreneurship and young designer to find their fame online instead of being the online version of a fake market. The Little Red Book app displays product photos and videos posted by users as soon as it starts up. This platform is Pinduoduo. Taobao owes its success as the market leader in this industry by offering free registration for its users. From 2015 to 2018, Alibaba’s share of e-commerce sales in China fell from 77.6% to 53.5%. The company was founded in San Hose, California in 1995 and its most distinctive feature is the online auction feature, alongside a conventional buy-it-now shopping option. A great question to which the answer differs greatly depending on how famous the brand is. The CBEC pilot zones have been pivoted as the ideal home for manufacturing companies, e-commerce export enterprises, e-commerce platform companies, logistics enterprises, and financial service firms. Cool thanks for the update. They operate Japan’s largest online bank, in addition to online shopping and credit card payments. Gucci has its own Chinese website, gucci.cn, and is present on all major Chinese social media platforms, including Weibo and WeChat. Key digital numbers in Malaysia 2019 Top 10 e-commerce websites in Malaysia. They are still big but a serious competitor has emerged: Short Videos App (Douyin/TikTok or Kuaishou for instance). China's e-commerce industry has enjoyed above-average growth in the last few years. With 668 million Internet users, China’s online shopping sales reached $253 billion in the first half of 2015, accounting for 10% of total Chinese consumer retail sales in that period. The second on our list of the largest eCommerce companies in the world is Jingdong, also known as JD.com. Notify me of follow-up comments by email. It is more high-end than Taobao and the requirement to enter as a seller is high. In a reliability survey of cross-border e-commerce companies in the first half of 2017 conducted by China’s iiMedia Research, Kaola.com topped the ranking, followed by Amazon.com and Xiaohongshu. Rakuten partnered up with Walmart in Japan to deliver groceries which can be purchased online and delivered to the user’s doorstep through a Walmart-Rakuten joint venture. congrats ecommercechinaagency, Thanks so much for the feedback Its successful slogan “Scream with Joy” did not win over the Dutch audience who deemed it as one of the worst advertisements ever recorded. VIPShop focuses on discounts and flash sales. We will talk about it later in the post, don’t miss out. JD.com (otherwise known as JingDong) started with a focus on the direct sale of electronic products in the 1990s. However, the emerging middle class and the middle class will remain the largest consumers in many categories, in particular rapidly evolving consumer goods such as personal care products and detergents. Roughly half of all China’s eCommerce sales are made on mobile devices. Posted by Stefan Pajović in Business. Right now local e-commerce companies are winning in this market but foreign companies are also making efforts to increase their market share. daily customer communication operation, and maintenance. Live streaming and Videos for instance. Gentlemen Marketing Agency is an innovative marketing & E-Commerce Agency in China. Currently, in China, online players are taking the initiative to drive this integration. The principle is simple: users get a discount and business owners increase the revenue; it’s a win-win situation. China's E-commerce Companies Draw Consumers Closer to Product-Makers By C.K. We are interested to find out more about your services as we are investigating going directly ourselves in the Ecommerce world in China. Alibaba got 168 billion RMB in sales and 39% growth on Singles’ Day. Among emerging economies, China’s e-commerce presence continues to expand every year. Zalando’s headquarters are in Berlin and they predominantly have online stores that sell fashion items, such as apparel and shoes. It was founded in 2006 and is highly competitive, owning numerous shopping sites. In fact: The app has recently launched its affiliate program: Taoxiaopu. They are not all Western; and no, Alibaba is not the only Chinese success story: Not suprisingly, we start the list of the largest eCommerce companies in the world with Amazon and its empire. 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