Will e-commerce in China overtake U.S. e-commerce in five years, as PwC has predicted, and will China become the largest IPO market this year?
E-Commerce China Dangdang, profitable but recently so, also continued to hold up well after nearly doubling on its first day.
Last year, the high-flying debuts of companies like E-Commerce China Dangdang and Youku.com on U.S. exchanges were a signal of how hot the market for Chinese stocks had become.
The former, E-Commerce China Dangdang, jumped 87% and the latter, Youku.com, spiked 161% in the best first-day surge since Baidu.com jumped 354% in August 2005, according to Dow Jones Newswires.
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Alibaba Group is the dominant e-commerce player in China today and the entire e-commerce sector there is going to go up 5x in the next 4 years.
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Taobao is the biggest e-commerce website in China, handling 75% of e-commerce transactions as of the second quarter, according to Analysys International.
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"China is very, very serious about becoming e-commerce-oriented in a few years, " says Cindy Cheung, general manager for IBM's Greater China e-business solutions group.
But we think for e-commerce in China, if we really want to go on, we need a search engine.
Other competitors in the services sector include: Kennedy-Wilson Holdings, Inc. (KW), HFF (HF), and E-House ( China) Holdings Limited (ADR) (EJ).
Amazon doesn't yet sell its Kindle or e-readers in China, though many analysts expect the company to begin selling its hardware there soon.
In fact, the local retailers are struggling also, and the big culprit behind many of the woes is the rapid rise of e-commerce in China.
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There is much hype about the potential for e-commerce in China.
We gave special honors to Philweb of the Philippines (top profitability, based on operating income as a share of sales), to Royal Ceramics Lanka of Sri Lanka (return on investment, a near quintupling) and to E-House (China), the real-estate brokerage, for overall best composite score.
Wal-Mart also acquired a 51% stake in Yihaodian, a China e-commerce retailer, to improve its online sales in the region.
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Close on the heels of the launch of its e-book store in Brazil, Amazon announced the launch of its Kindle e-book store in China last Thursday.
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General e-commerce growth in China is around 100 percent annually, for the last five years.
They reached an agreement to increase its investment from around 20% to 51% in Yihaodian, an e-commerce website in China.
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Not only will it be the largest e-commerce market, China will also likely to be the largest retail market in the world.
The e-commerce piece in China is driving a lot of that.
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Google, by contrast, does not keep any of its e-mail servers in China--and hence is in no danger of Beijing demanding personal information from the company.
Paul: I think there is tremendous opportunity in the e-commerce industry in China, but I do believe there will emerge only couple big platforms during the next 3 years, with the smaller ones being acquired or folding.
The biggest retailer in the world said on Feb. 19 that it was expanding its e-commerce investments in China and further north there is talk of the company wanting to get back into Russia after leaving Moscow in 2010.
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Although Amazon has run an e-commerce operation in China for years, it has failed to build up a significant market share as local competitors such as Alibaba Group Holdings Ltd. and Beijing Jingdong Century Trading Co. have pressed to attract new customers.
But the real selling point of the E1 is its role in HTC's new e-commerce strategy in China: while you can get hold of one at an authorized HTC store, HTC's Chinese "eShop" throws in custom options for the built-in storage (8 or 16GB), main camera (five or eight megapixels, both with only 720p video capture) and one of the six body colors plus patterns.
But the real selling point of the E1 is its role in HTC's new e-commerce strategy in China: while you can get hold of one at an authorized HTC shop, HTC's Chinese "eShop" throws in custom options for the built-in storage (8 or 16GB), main camera (five or eight megapixels, both with only 720p video capture) and one of the six body colors plus patterns.
When Jack Ma , a Chinese-born Internet entrepreneur, came to Silicon Valley in 1999 to pitch his new venture--an e-commerce play dubbed Alibaba --investing in China was still a dubious proposition.
The spam e-mails themselves mostly originated in China, Russia and Eastern Europe, with the U.S. contributing 21%.
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