E-Commerce
58% y-o-y growth of luxury online shopping market size
Chinese e-commerce market data monitoring report 2012 shows that the e-commerce transactions amounted to 3.5 trillion yuan, a y-o-y growth of 18.6% for the first half of this year. The luxury online shopping market size records a y-o-y growth of 58% with $ 13.5 billion. Mechandise quality and unsatisfactory user experience are major weaknesses of domestic luxury shopping. Nevertheless many international luxury brands vie for the Chinese online shopping market.
Source: Ebrun
Digital
360buy launch cloud service platform Jcloud.com
Today 360buy lauched their cloud service platform Jcould.com and provide each user with 10G online storage space. They combine the e-book business with the cloud service so users can buy books and directly store them in the cloud. 360buy's e-books have nearly 300 million users and their e-book business has a monthly income growth of 30%. Cloud service has become one of the key projects of the future development.
Source: Ebrun
Digital
China will become 1/4 of the world’s smartphone market this year
According to IDC China will be the market for more than one-quarter of the world's smartphones. By the end of the year China is seen surpassing the United States with expected 26.2% of the global market. The cheap smartphone market pushed the smartphone growth in China extremely. For low-cost smartphones India could also be an interesting market due to the huge population and low smartphone penetration.
Source: Tech in Asia