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Tudou.com introduced its SNS network video sharing shortcuts Tudou.com introduced its SNS network video sharing shortcuts(0)

The websites supported by Tudou’s “SNS video-sharing shortcuts” including five popular SNS communities at home and abroad: Kaixin.com, education net, Douban, Facebook, Twitter. Users of the site can just click on the corresponding Share button to open a new window to the site or a broadcasting page to share the SNS video with their friends.

Huang Huiwen, vice president of market and community department, said that as an open sharing platform and promotion of the spirit of community sharing, they will continue to enhance the user viscosity, try more functions of combination with other web applications to create a win-win model.

The Global Reservation Network Online now has its Chinese Website The Global Reservation Network Online now has its Chinese Website(0)

The opening of HRS.cn facilitates the search, inquiry and reservation for online users in China.

Originated from Germany, the global reservation network has the world’s major tourist cities as the main line, with categories of popular destinations, travel strategies, travels stories and feature hotels recommendations in several major sections. By adding innovative filters features and map functions, the website can help users learn popular destinations’ culture, people, attractions and travel strategies at home and abroad. At the same time, the website provides a large number of fashion and business people’s blogs and overview of cities information to share the experiences to help consumers easily complete the online hotel booking decisions.

The strategy of global reservation network’s moving into Chinese market marks the company will fully enter the Chinese market and Asia-Pacific region to develop strong businesses providing consumers with instant updates for the 230,000 special hotels offers worldwide.

New 4G Travel Business Model For eLong.com In China New 4G Travel Business Model For eLong.com In China(0)

The new model of 4G refers to Guarantee (promise of service results), Green (eco-friendly transportation), Global (travel resources globalization), and Go-online (booking online).

To ensure customers gain acces to the entire 4G model, eLong.com has also established a series of measures to integrate them into a comprehensive plan. First, aimed at ‘Guarantee’, the company has launched three major measures: for accommodation, it will provide guarantees of rooms and low price; for air ticketing, it will promise service quality; for service times, they primise to operate all day and night, seven days a week.

Aimed at ‘Green’, eLong.com has signed an agreement for eco-friendly service with about 100 hotels to implement the concept of ‘Green Olympics’ proposed by the Beijing Olympic Games.

Third, aimed at ‘Global’, eLong.com will expand its Chinese business travel market in cooperation with its strategic partner Expedia and share their global resources. At present, eLong is making efforts to provide more options for Chinese customers by bringing Chinese services to the international hotels of Expedia, which is expected to reach 10,000 hotels from Expedia in June. In addition, eLong.com also upgraded its international air-ticketing platform. However users to the English-language side of their business still face issues with lack of options for true international travel, providing opportunities for rivals like ChinaTravelNow.com and Xianzai.com to reign supreme in the English-language travel market for China.

Finally, aiming at ‘Go-online’, an odd amalgamation of English grammar, eLong launched a new website on April 11 which it claims offers netizens better access to international travel options in China.

Rival Ctrip.com has repeatedly done better than eLong.com in quarterly reveneue and in opnion surveys in China. However Ctrip.com says it had total revenues of RMB367 million, representing a 47% increase from the same period in 2007 but a 4% decrease from the previous quarter, as it announced results for the quarter ended March 31, 2008.

Source : Chinatechnews

Alibaba Sets Up JV With Softbank In Japan Alibaba Sets Up JV With Softbank In Japan(0)

Masayoshi Son, CEO of the SoftBank, first disclosed in November 2007 at the GSM Mobile Communications (Asia) Conference that SoftBank was negotiating with Alibaba. Sun said at the time that SoftBank will hold the majority of the new JV. Fast forward a few months, and now Softbank says its stake will be an investment of US$20 million for 65% of the business, and Alibaba takes the remaining 35%.

Alibaba.com Japan is the first online B2B global trading platform providing Japanese language and localized content for Japanese clients. It will first focus on importing from China and then gradually expand to Japanese exports and Japanese local market B2B trade.

At present, there are more than four million small and medium businesses in Japan, which account for 25% and 63%, respectively, of the country’s export value and import value. In 2006, China surpassed the United States and became the largest trading partner for Japan.

Source : Chinatechnews

Ctrip.com’s Revenue Drops On Consecutive Quarters Ctrip.com’s Revenue Drops On Consecutive Quarters(0)

‘During the first quarter of 2008, we achieved strong financial results despite of the challenges due to weather conditions,’ said Min Fan, CEO of Ctrip. ‘We are not only gaining new customers and business, but we are also strengthening our brand recognition in the travel industry. We will continue to provide high quality service to our customers. We believe Ctrip will be able to improve its position in this promising and challenging market.’

Hotel reservation revenues amounted to RMB171 million for the first quarter of 2008, representing a 28% increase from the same period in 2007 primarily due to increased hotel booking volume and a 13% decrease from the previous quarter primarily due to decreased hotel booking volume during the Chinese New Year holidays. Air-ticketing revenues for the first quarter of 2008 were RMB159 million, representing a 68% increase from the same period in 2007 and a 3% increase from the previous quarter, primarily due to increased air ticketing volume. Packaged-tour revenues for the first quarter of 2008 were RMB27 million, up 67% from the same period in 2007 and 22% from the previous quarter, primarily due to the increased leisure travel volume in the first quarter of 2008.

Gross margin was 80% in the first quarter of 2008, remaining relatively consistent with 79% in the same period in 2007 and 81% in the previous quarter. Income from operations for the first quarter of 2008 was RMB110 million, which represented a 55% increase from the same period in 2007 and a 13% decrease from the previous quarter.

Net income for the first quarter of 2008 was RMB99 million, representing a 52% increase from the same period in 2007, and a 27% decrease from the previous quarter.

The effective tax rate for the first quarter of 2008 was 28%, as compared to 16% in the same period of 2007 and 7% in the previous quarter, primarily due to the application of a statutory tax rate of 25% under the new PRC Enterprise Income Tax Law effective on January 1, 2008 and the increase of share-based compensation, which is not tax-deductible.

As of March 31, 2008, the balance of cash and short-term investment was RMB1.2 billion.

Source : Chinatechnews

Alibaba Plans To Launch B2B Computer Alibaba Plans To Launch B2B Computer(0)

The computer, which local media reports will be made by designated PC manufacturers and embedded into Alibaba’s e-commerce platform for SMEs, is expected to come out within the year. Alibaba and Intel say they have yet to choose the right PC manufacturers and have tem be responsible for the production and sale of the computer.

Alibaba has lately been doing deals to bolster its services for SMEs in Asia. The company last month inked a deal in with Infomedia India Limited to benefit small and medium-size enterprises in India. The Alibaba.com and Infomedia partnership will combine the power of traditional print publishing with online media and e-commerce, providing Indian SMEs with a one-stop solution for global and domestic trade. Together they will create a strong online community of Indian business people and provide them with a single cost-effective channel to promote their products and source from quality suppliers in India and around the world. It will also provide SMEs in India with the latest industry news and technical developments in multi-media formats.

Source : Chinatechnews

China Drafts Two New Important Regulations For E-commerce China Drafts Two New Important Regulations For E-commerce(0)

The two regulations have set standards for each area of e-commerce businesses, ranging from legal qualifications and registration licenses to operation behavior, payment means and service systems. They are applicable to the four kinds of online transaction of B2B, B2C, C2C and G2B (government to business). The draft regulations ask that all online store operators must have a legal entity qualification and they must provide their business license, taxation registration certification, special service license, business address and contact details at the bottom of the home page of their e-commerce websites.

In addition, the regulations put forward requirements for individuals, saying that all individuals must conduct transactions using their real names and the parties involved in C2C must be natural persons and not business entities. The rules say that e-commerce operators should keep users’ registration information available in their databases for at least ten years. Websites should also have safe online payment features such as ID certification and e-signatures. They should offer other fund settlement options for consumers, which should be run by a qualified third-party, but the rules do not yet state the qualifications for these third-parties.

The regulations also say that e-commerce platforms must not provide services to unqualified or unlicensed businesses such as those that sell harmful and hazardous goods, they must not deal with special goods like pharmaceuticals and medical instruments.

Source : Chinatechnews

Seven Star Shopping Seeks Shift To Online Video Shopping Seven Star Shopping Seeks Shift To Online Video Shopping(0)

The 2007 financial report released by Seven Star Shopping last week shows that the company suffered a deficit of HK380 million over the year. The company attributed the heavy loss to the remarkable increase of television advertising fees, industry competition and depreciation of its business resulting from many acquisitions.

In face of a crisis mainly caused by the increase of advertising fees, television shopping service providers in China have each begun to shift their businesses. But different from its competitor Acorn International which now replies on offline distribution, Seven Star Shopping has turned its eyes to e-commerce.

Han Yun, the company’s marketing director, says they will formally put their video call center, a core part of their online video shopping service, into operation in May this year so that consumers can have video-based communication with the company’s shopping guide via IPTV or 3G services.

Source : Chinatechnews

eBay Eachnet Just Wants To Be Free In China eBay Eachnet Just Wants To Be Free In China(0)

eBay Eachnet’s main Chinese competitor Taobao.com has maintained a leading market position since it was founded because of its menu of free goodies for users. Taobao is run by e-commerce powerhouse Alibaba.com.

Chang Lin, vice president of eBay Eachnet, says users will enjoy life-long free service when they open a new store on eBay Eachnet. Users who have already had a store on eBay Eachnet can enjoy a free upgrade of their stores, and users who purchased a high-end store or superior store with eBay Eachnet between January and April this year will be offered excellent classified resources before the end of June. In addition, users who bought a high-end or superior store from eBay Eachnet in May will gain a full refund.

Chang says China’s online transactions are still in an infant stage, so the launch of the zero-cost platform will attract lots of new netizens to try the company’s service.

As one of the earliest e-commerce companies in China, eBay Eachnet, a joint venture between eBay and Tom Online, has experienced a period of depression in the recent two years.

Source : Chinatechnews

Alimama Will Launch New Online Advertising Model Alimama Will Launch New Online Advertising Model(0)

According to ccidnet.com, Alimama’s new product will rely on up to 400,000 websites and 180,000 blog sites currently served by the company. Though the company has refused to make any comment on the new product, it is believed that the product has been basically shaped and received good feedback from users in a small scale testing.

Alimama is said to have been investing a huge amount of material and human resource on the product since the beginning of this year, including sending technicians from Beijing to support the product’s development in Hangzhou and holding communication exchanges with Yahoo! in the U.S. on the product.

Alimama’s new product model will pose a major challenge to such Chinese advertising alliances as Baidu.com’s.

Source : Chinatechnews

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