Daily Digital Pulse Of China: China E-Commerce
11.11 Helps Winemaker Jiuxian Break Record Sales Of 220 Million Yuan
It seems the holiday not only helps sales in clothing, beauty products and consumer electronics sectors, but now liquor companies are also benefitting. Jiuxian, a winemaker in China, announced that after 24hrs the company broke a record of 220 million yuan in sales. The numbers are surprising for the winemaker because last year’s total sales for the day were 61.5 million yuan. After one hour since the sales frenzy started Jiuxian passed 40 million yuan. Double eleven only began almost 5 years ago but it seems to be proving that many industries including the wine industry can benefit from this online trend.
Suning's Own China E-Commerce Payment Service
Electrical goods supplying company Suning has just bought the domain yifubao.com, to release their own payment system. The payment system will probably be similar to Chinese e-commerce giant Alibaba's Alipay, or Tencent's Tenpay.