Online bussiness in China
Today I want to talk about online bussiness.
There are many websites and apps for shopping in China. like Taobao, JD, Amazon China, Wechat and other maybe news apps or a personal blog.
Online bussiness can be devided to tree categories:
1. C2C, 2. B2C, 3. B2B
We are mainly talk about B2C, the typical B2C companies are Tmall and JD, they are the biggest online shops in China, they owned about 8 billon and 2 billon users respectively.
The two company, maybe we cal call them "platform", every year's turnover have reached few trillion YUAN. That sounds really horrible, and they also bring a lot of work station for million people.
I've take some data from those company in the whole 2016:
1. Taobao (include Tmall.com and Taobao.com), maked about 8 trillion GMV (Gross Merchandise Value)
2. JD maked about 6541 billion GMV
In 2016 double-eleven day taobao's turnover up to 150 billion us dollars, it has exceeded the retail sales in Hongkong for one year.
However, there are a lot of pepople and investors think that JD have more promising, because JD has more better exprience than Taobao.
Maybe next year , JD‘s turnover will surpass taobao.
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Online bussiness in China
Today I want to talk about online businesses.There are many websites and apps for shopping in China, like Taobao, JD, Amazon China, Wechat and some other news apps or personal blogs.
Online businesses can be divided to three categories:
1. C2C.
2. B2C.
3. B2B.
We will mainly talk about B2C. The most popular B2C companies are Tmall and JD, which are the biggest online shops in China. They have about 8 billon and 2 billon users, respectively.
The two companies, which we can call "platforms", have had yearly turnovers that have reached a few trillion YUAN. That sounds really horrible, [?? "excessive"? or "outstanding"?] and they also sell a lot of work stations to millions of people.
Here's some 2016 data about these companies:
1. Taobao (including Tmall.com and Taobao.com) made about 8 trillion GMV (Gross Merchandise Value.)
2. JD made about 6541 billion GMV.
In 2016, on Double-Eleven day, Taobao's turnover was up to 150 billion U.S. dollars, breaking retail sales in Hongkong for the year.
However, there are a lot of people and investors who think JD has more promise, because JD has larger, better exprience than Taobao.
Maybe next year, JD‘s turnover will surpass that of Taobao.
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