Daily Digital Pulse of China: China Internet, Alipay & E-Commerce In China
China’s Way To Clean Internet?
After recent events and multiple ‘rumor spreading’ scandals within China’s online environment, officials at the China Internet Conference held in Beijing in August agreed upon an apparent ‘resolution’ for such issues in the form of ‘7 baselines’. These are aimed at creating a favorable online environment; however the way these guidelines are presented speaks a world of words. It is fairly obvious to everyone that China’s government is taking its crackdown on online activities seriously; even talk on WeChat is not immune. But where do you draw the line? If the government follows through then will internet users be faced with legal penalties for simply sharing an opinion with a friend over WeChat? Or if you unknowingly share an article with incorrect details, you’re spreading rumors! Although we cannot yet know the consequences of this law yet, it does leave one feeling slightly vulnerable about what they write.
- The Base Line of Laws and Regulations
- The Base Line of the Socialist System
- The Base Line of National Interests
- The Base Line of Citizens' Legal Rights and Interests
- The Base Line of Public Order
- The Moral Base Line
- The Base Line of Information Accuracy
Source: China Digital Times
Alibaba Group Faults To Union Pay
Alipay the online payment venture owned by e-commerce giant Alibaba Group announced yesterday that it will be putting an end to its cash-on-delivery system. The group will official stop all offline POS payment activities. This news was not released giving the impression that this is a strategic move for the group, hinting that the decision was made amongst pressure from Union Pay, China’s only domestic bank card organization. Alipay has released statements to news services and on their official Weibo accounts "Alipay will stop all offline POS (point-of-sale) businesses because of some reasons as everybody knows," they also stated their apologies to their users, partners and reassured that they will not stop exploring payment innovations. This is a very different tune than the group was singing last month when they announced plans to invest CNY 500 million over three years in to their cash-on-delivery service focused towards offering e-commerce merchants and courier firms lower costs, the overall goal being 60,000 POS terminals added. Sadly yesterday’s statement signaled the end of the groups POS strategy as well as eliminated a key consumer payment service
China’s Amateur Seller’s Continue To Own The E-commerce Market…But Not For Long
While the B2C e-commerce market in China continues to grow steadily it is still over run in terms of market share by the C2C market. The C2C market’s key point of sales can be traced to Alibaba’s Taobao and Tencent’s Paipai. Currently the B2C sector is worth $25.6 billion in terms of sales compared to a massive $71 billion figure attributed to the C2C sector. Although the C2C sector remains mighty the B2C sector is showing growth now representing 36.9 percent of the total e-commerce market. The reasoning behind this is the booming number of online retailers facing aggressive competition and implementing heavy sales promotions, indicating just how cut-throat this industry has become.
Source: Tech In Asia