Wed

21

Nov

2012

Daily Digital Pulse Of China: Mogujie, China, 360Buy

China E-Commerce

Mogujie Launches Daily Deals Channels

Mogujie, China’s top Pinterest-esque social commerce site, releases its daily deals sector. Launching into two new channels for deals on clothes and household items. All the clothing products on Mogujie.com/tuan are aimed at women. The other deals channel is the similarly-named Mogujia for discounts on household items. Although the two deals portals are so specialist, they’re still up against the nation’s top group buy sites, such as Meithuan and Juhuasuan.

Source: Tech In Asia

China E-Commerce

The Slowdown of Online Shopping Market

According to iResearch’s latest quarterly statistics of China online shopping market, total transactions in Q3 2012 totalled 284.42 billion yuan (USD45.62 billion), with QoQ growth of 5.9% and YoY growth of 43.9%. Among all the transactions, the total B2C section approached 101.1 billion yuan (USD16.22 billion), with the QoQ growth of 13.2% and YoY growth of 23.5%.

Source: Tech In Asia

China Digital

360Buy Launches An Android App Store

Chinese e-commerce site 360Buy, released its own app store on Android. The app (atplay.360buy.com) is all part of 360Buy’s digital diversification, which will eventually cover nearly all the bases in online entertainment such as: e-books, online games, music, and video – with online streaming surely to be next. 360Buy, despite its recent series D funding worth $400 million, is thought to be really in need of greater cash-flow.

Source: Tech In Asia


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