日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Business / Gadgets

Two online retail firms team up to grab bigger market share

By Meng Jing (China Daily) Updated: 2014-02-21 07:18

United States-listed Dangdang Inc, a major e-commerce player in China, and Yhd.com, a Chinese online supermarket that is majority-owned by Wal-Mart Stores Inc, are expected to team up to achieve a breakthrough in market share.

Yhd.com confirmed on Thursday that the Shanghai-based company will form an alliance with Beijing-based Dangdang Inc. The two companies are scheduled to announce their "marriage" in Beijing on March 5.

This type of partnership is becoming more common in China's e-commerce sector.

Two online retail firms team up to grab bigger market share

Two online retail firms team up to grab bigger market share

Two online retail firms team up to grab bigger market share

For example, Vipshop Holdings, a US-listed online discount retailer, and lefeng.com, a business-to-consumer cosmetic platform, formed a partnership on Feb 14.

Tencent Holdings Ltd, the largest Internet company in China by market value, is reportedly holding negotiations to combine its e-commerce operations with those of China's second-largest business-to-consumer retailer, JD.com. Neither company would comment on the situation.

The market share and rank of each of the major business-to-consumer players in China have remained stable as the country's e-commerce market matures.

"Despite the high double-digit growth of the B2C market, the growth momentum is not as strong as it was one or two years ago.

"Most Chinese people have already become online shoppers, which means you will not see a surge of new buyers," said Lu Zhenwang, chief executive officer of the Shanghai-based Wanqing Consultancy.

According to iResearch Group, a Beijing-based IT consultancy, China's online shopping market expanded 42.4 percent to 454.76 billion yuan ($74.71 billion) in the third quarter of 2013.

But that was definitely a slowdown from 2012, when the average quarterly growth rate of the online shopping market never fell below 55.8 percent.

"So, at this stage, if a company wants to make a breakthrough and expand its business into others' territory, you'd better find a partner - either a strategic one or a financial one," said Lu. That's what Vipshop did when it formed a partnership with lefeng.com, an online retail website.

Vipshop said it invested $112.5 million to take a 75 percent stake in lefeng.com. The arrangement will help both companies to increase loyalty among female shoppers, Vipshop said in a news release.

It noted that it accounts for about 70 percent of all online sales of clothes and shoes in China, while lefeng.com accounts for 50 percent of online sales of cosmetics.

Although Dangdang and Yhd.com may not have the same customer base, their partnership is a great opportunity to expand and build a reputation in new business sectors, said Lu.

Dangdang has been trying to move into sales of food products for a long time, but it's failed to become a strong competitor in the sector. Yhd.com, which is known for its rich portfolio of food offerings, has struggled to break into the online clothes sector.

The companies don't compete head-to-head. "Their cooperation can help build them into a more comprehensive online platform with more categories of products, which will eventually increase user stickiness," Lu said.

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 亚洲一区二区在线播放 | 日本吻胸捏胸激烈床戏视频 | 操舔| 高清在线不卡 | 成人免费大片a毛片 | 亚洲一区二区三 | 久久久99精品久久久 | 操一操日一日 | 亚洲一区在线观看视频 | 国产一区中文字幕 | 99热久久国产综合精品久久国产 | 中文字幕国产一区 | 奇米影视在线 | www.夜夜骑.com | 欧美亚洲一区二区三区在线 | 天天爱夜夜 | 中文字幕亚洲一区二区三区 | 久草在钱 | 日本黄色小视频在线观看 | 91丨九色丨国产 | 自拍偷拍亚洲欧美 | 小优视频为爱而生懂你更多茄子 | 欧美高清成人 | 天天擦天天干 | 激情视频免费看 | 三级毛片在线看 | 亚洲一区二区色情苍井空 | jizz国产精品免费麻豆 | 日韩精品一二三区 | 久久99国产精品免费网站 | 亚洲日本视频 | 久草视频在线免费播放 | 国产一区二区欧美 | 国产精品19禁在线观看2021 | 嫩草影院地址一二三网址 | 亚洲国产黄色 | 国产69精品久久久久999小说 | 日本不卡在线一区二区三区视频 | 欧洲成人综合网 | 一区二区三区免费看 | 欧美a一级大片 |