Media

In the Face of Lockdown, China’s E-Commerce Giants Deliver

On Jan. 23, 2020, the Chinese government imposed a full lockdown on the City of Wuhan. Eleven million citizens were placed in quarantine and all major highways were blocked. The lockdown would last for 60 days – a duration no one expected at the time of the announcement. The lockdown posed serious challenges. In a city like Wuhan, the retail sector is like the body’s circulatory system: pumping groceries and everyday supplies through an extensive network into every neighborhood. The lockdown...

Louis Vuitton Trials Livestreaming With China’s Xiaohongshu

Innovation in post-coronavirus China, Louis Vuitton is the first luxury brand to create original interactive content using livestreaming. LONDON — Luxury brands’ livestreaming war in China to fight for online shoppers’ attention is going strong beyond fashion week and after the coronavirus lockdown. Almost a year after Louis Vuitton made its debut on China’s popular social commerce platform Xiaohongshu, the French luxury brand will on Thursday use livestreaming to further boost its awareness and sales in tie-ups with Zhong Chuxi, a friend...

Coronavirus: global lockdown to hit China’s supplies of steak, lobster and fine wines

The virus will hit China’s access to premium food imports, but could also lead to a shift in spending patterns among wealthy shoppersSeafood from Iceland, Australian steak and Spanish wines could be off the menu in China, but individuals say they are already cutting down Just over a month ago, supply chains in China were thrown into chaos as trucks and planes delivering goods to the world came to a standstill.Now, China’s economy is moving back towards capacity, while the supply...

COVID-2019 sparks boom in fresh food imports to China as trust in local produce takes a hit

The recent coronavirus outbreak (COVID-2019), which is believed to have originated from a seafood market in Wuhan, has heightened demand for fresh food imports into China. The country’s foreign and commerce ministry are calling for more imports, with one Australian distributor telling us demand was growing. Sean Hyatt, James Tyler’s general manager of third party logistics, told us: “ whenever there is a concern around Chinese food safety, especially with COVID possibly originating from a market, the demand on fresh food imports tend...

JD.com VS. Tmall: China’s Luxury E-Commerce Battleground

Over the last two decades, e-commerce giants Alibaba and JD.com have gone head to head for the title of leading online retailer in China. In 2008, Alibaba’s Tmall spun off from Taobao, creating a more exclusive and official outlet for luxury brands, while JD.com expanded its reach from an everyday electronics retailer to a full-fledged e-commerce platform. To date, Tmall’s active users and its share in China’s B2C e-commerce market continues to be ahead of JD.com.  In the luxury sector, however, Tmall and JD.com tend to be more evenly...

Cross-border e-commerce gains traction

Cross-border e-commerce is set to play a bigger role in revitalizing foreign trade, judging by the string of measures enacted by the public and private sectors to salvage the segment ravaged by the novel coronavirus outbreak. China announced plans on Tuesday to establish new pilot zones for cross-border e-commerce, support the processing trade, and host an online version of the Canton Fair, its signature export fair, as some of the latest responses to curb the contagion's effect on trade activities. In addition...

Epidemic Fuels Online Push, Livestreaming E-commerce

Quarantine has attracted more users and businesses to the growing market. "Online" is enjoying a revamping as more businesses turn to remote operations amid isolation in the face of COVID-19. In China, which last week reported its first days free from domestic-born infection, online operations have long been at the forefront of any progressive business. Now, more are turning to explore digital opportunities. On Thursday, the founder of debt-ridden smartphone brand Smartisan, Yonghao Luo, announced that he seeks to delve into live-streamed e-commerce. Citing Luo's...

TikTok tests Alibaba’s e-commerce might with viral videos

Streaming app helps owner ByteDance grab bigger slice of lucrative market HONG KONG -- Zhao Zhongqiang is a TikTok addict. Every day, the 44-year-old from a farming village in northern China's Shaanxi province spends hours scrolling down the viral video streaming app that has taken both China and the world by storm. And who can blame him? After all, on a good day Zhao sells 800,000 yuan ($113,520) worth of apples, cherries and numerous other fruits on the platform, both for himself...

Coronavirus: Chinese turn to Dr Google

Pretoria - Spooked by a sneeze or a cough, Chinese consumers are turning to online consultations in droves for advice about possible coronavirus symptoms - a boon for a fledgling industry that has struggled to win over customers.Millions of Chinese are stuck at home under quarantine restrictions imposed by authorities or firms. Even if not under quarantine, many are too worried to venture for long outside or to visit a hospital for other ailments as they fear they might catch the...

Q and A with a former Alibaba executive: Every crisis presents opportunities

Dear Readers, This week’s column features Porter Erisman, an ex-vice president at Alibaba. He is also the producer of the film Crocodile in the Yangtze River – The Alibaba Story. We reconnected and exchanged a few messages after he read this commentary. Given that he was with Alibaba during the SARS outbreak in 2003, I thought a Q and A with him would be helpful so he can share his experience with you. I hope you find Porter’s insights useful. We’ve also unlocked our reports on Covid-19 so you...