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