Daily Digital Pulse Of China: 360Buy, Luxury E-Commerce
360Buy goes international - English website will launch soon
In an interview with China Daily 360Buy's vice president Shi Tao reported the launch of the English version of the 360Buy website. The "coming soon" placeholder is already published at en.360Buy.com and several social media accounts like Twitter, Facebook and Google+ are now active. Their goal is to deliver products in over 36 countries with focus on North America and Europe.
Source: Tech in Asia
Luxury Retailers Taking Advantage Of Special Online Event
Since last year, the major Chinese e-commerce companies have agreed on doing a special annual sales event on the 11th of November. For the first time, this year some big luxury brands like Hermes, Gucci, TAG Heuer, Chanel & others are cooperating with Alibaba's Tmall, China's leading B2B e-commerce platform on that day. As more details are revealed, we will report on how those luxury brands are going to advertise on that special day.
Source: Sohu Roll
Retail sales in September up by 14.2%
According to National Bureau of Statistics third-quarter economic data, China's retail sales increased by 14.2% in September 2012. In August the increase amounted to 13.2%. Analysts believe that this data will improve the market risk sentiment in China.