China's biggest e-commerce company claims more than USD1 billion worth of goods were sold over its sites within the first 20 minutes of this year's 11.11 Shopping Festival. Alibaba says it hit USD1 billion in gross merchandise volume at 12:17 A.M. this morning. As impressive was news that nearly half of all transactions took place via smartphones and other mobile devices. Alibaba ...
The e-commerce company's revenue increased to USD2.74 billion in the quarter ended September 30, 2014, up nearly 54% year on year. Mobile revenue increased by 1,020.2% year on year to USD606 million in the quarter ended September 30, 2014. China retail marketplaces had 307 million annual active buyers in the twelve months ended September 30, 2014, compared to 279 million in the twelve months ...
Chinese B2C e-commerce website JD.com and China Post Group have reached a strategic deal to jointly develop an e-commerce platform targeting cities below third-tier size in China. With the cooperation, JD.com will provide various products, including PCs, digital products, home and kitchen supplies, and cosmetics, for China Post's "people-benefit project". Those products will reach 13 Chinese ...
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