Electric business transactions already at over 500 billion yuan
The Chinese E-Commerce Research Center (100ec.cn) reported that the transactions of the online retail market in the first half year of 2012 has reached 511.9 billion yuan. The report further points out that the number of domestic B2C, C2C and other electronic e-commerce enterprises has reached 24,620, which is an increase of 20.1%, compared to last year.
Source: IT Feed
Vancl moving to Bangladesh?
China’s top own-brand e-commerce site,Vancl, and also H&M and Lenovo are looking to other textile industry nations for cheaper production costs, outside of China! Production costs in Bangladesh are now reported at 30 percent lower than China’s textile industry.
Source: Tech in Asia
360Buy says don't leek info to Alibaba!
360Buy, the second largest B2C platform in China, issued a notice to its open platform sellers to prohibit sellers from saving their inventory datas on competitors' databases, directly pointing the finger to Alibaba. 360Buy seems worried about data leakage and is afraid Alibaba will get wind of its sales data.
Youku Reveals Its Accounting Books
Youku, China's biggest video platform, has released its quarter two 2012 financial report. Net revenues were RMB 387.4 million, which is an increase of 96% compared to the corresponding period in 2011. In the report, Youku also states that they have finished planning the integration with Tudou.
Get Your Baidu Certification Now!
Baidu opened its full search engine marketing professional certification system to the public to meet the demand of Internet marketing professionals. As reported by Baidu and 51job.com, China’s demand for marketing talent is about 1.16 million. In the next three years, the demand will still increase at a speed of 30%.
Source: China Tech News