China's consumers are the driving force behind the economic growth of the country in 2019. Alibaba is one of the fastest growers and is the undisputed number one in online commerce. The distance to the competitors is immense. One in two orders is placed on Alibaba Originally meant as an event to show its rivals what it could do, Singles Day has become a very big success. In
Russian SPUTNIK marketplace set to launch this autumn
New Russian marketplace SPUTNIK is set to launch this autumn. According to the platform, it aims to sell "trustworthy" goods to Russian consumers. The product range will consist of a wide range of goods, including clothes, footwear, accessories, and household equipment. Vladimir Stupnikov, CEO of SPUTNIK, attributes the planned launch to the increased customer demand for
Luxury brands discover WeChat
According to Emerce, there is a rise in the use of WeChat as a selling platform by luxury brands like Louis Vuitton, Cartier and Bulgari. About 60% of the luxury fashion brands at least have a shop in the Chinese app. This is a significant increase compared to the year before (+36%). The fastest growing categories of brands with a shop on WeChat are luxury fashion stores
Demand for online marketplaces driven by lower-tier Chinese consumers
A report by Invesco about how China’s lower-tier cities are stepping up in consumption says that demand for online marketplaces is driven by lower-tier Chinese consumers. This shift allows merchants to take advantage of this rare occurrence. Understanding the consumer The number of consumers that purchase from global marketplaces is increasing due to movement within the
Alibaba plans to up competition with Amazon
The global e-commerce company is allowing retailers from countries other than China to sell goods internationally via its platform. Mother company Alibaba will expand its international services provided by its subsidiary AliExpress to Turkey, Italy, Russia and Spain. By using the business model of their fast-growing subsidiary, Alibaba will be able to challenge the world’s