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?
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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But we think for e-commerce in China, if we really want to go on, we need a search engine.
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.
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.
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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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.
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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General e-commerce growth in China is around 100 percent annually, for the last five years.
The e-commerce piece in China is driving a lot of that.
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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.
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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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.
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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.
Alibaba, which operates online shopping sites Taobao and Tmall, is by far the biggest competitor in China's growing e-commerce market.
The company is the biggest player in China's fast-growing e-commerce market.
That's the earliest e-commerce, and that's probably the first internet company in China.
Not only will it be the largest e-commerce market, China will also likely to be the largest retail market in the world.
Sovereign-wealth funds, pension plans, and private-equity players have been making enquiries about industrial real estate in China, attracted by the heady growth in the e-commerce industry, consultants and developers said.
And we heard from one expert who sees Scotland lagging the rest of Britain and lacking the huge ambition in China, arguing too many Scottish companies are treating e-commerce as an optional add-on.
And with growing popularity of online shopping in the country, China has become a key market for e-commerce with internet firms.
Internet usage in China soared after SARS, which boosted the appeal of virtual encounters and e-commerce.
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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Also, until recently, China lacked a reliable and cheap method of shipping packages, so the e-commerce industry has invested in developing one.
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