Wal-Mart’s Chinese Ecommerce Initiative Takes Further Shape
Yihaodian.com, Wal-Mart’s Chinese B2C ecommerce subsidiary, attracted over 400 supplier partners since the launch of its open supply chain platform, ‘Service by Yihaodian’. The project is targeted towards traditional enterprises who want to tap into the ecommerce sector, but lack the operating ability to do so. This open supply chain project should also allow Yihaodian to increase supply chain operating efficiency and lower its costs.
Source: China Tech News
Shenzhen Has The Highest Weibo Penetration Rate In China
Shenzhen has the highest Weibo penetration rate is the highest in China (58.6%) with 35.3% of users spending over 2 hours per day using it. An internet penetration rate of 76.8% also gives Shenzhen a leading position in China’s online world. The tier one city has surpassed Hong Kong’s internet penetration rate of 68.7% and is close to matching Singapore’s rate of 77.2% as well as Japan’s, which is the highest in the world.
Source: China Internet Watch
Alibaba Group’s Taobao Removed from Notorious Markets By US
A report from the Office of the United States Trade Representatives (USTR) states that Taobao Marketplace, owned by Chinese e-commerce giant Alibaba Group, has been removed from its yearly list of the world’s most “notorious markets,” due to Taobao working with rights holders “to significantly decrease the listing of infringing products for sale through its website.” Chinese search engine Sogou, has also reported to be taken off the list too.
Source: Tech Crunch