Alibaba Discusses Women's Online Shopping Behavior

Alibaba notices an increase in women's online shopping in China during sports events on TV.

Alibaba Group has discussed the shopping behavior of a particular gender. More females in China buy online when an important sporting event is taking place, according to the data gathered by the Hangzhou-based enterprise, and such data could let merchants effectively plan promotional campaigns and make profits, an employee stated at a recent medium and small enterprise fair.

Alibaba News affirmed that while citing information from its Taobao online trading network, an official of the Alibaba Group, Jack Tu, stated that during the period of an important sporting event, the proportion of female buyers increase from 50% to 60%.

 Taobao’s data also demonstrated that female purchasers are often interested in buying costly products, which they will not usually buy when a game event is telecasted, and the highest fraction of transactions is carried out at the commencement of a game, Tu stated.

"If you are a vendor on Taobao, understanding such a pattern will allow you to promote products with better precision", Tu stated during a conversation on October 10, when opening of the China SME Summit took place in Guangzhou.

Alibaba news today revealed that in accordance to Tu, enterprises in the current era are not just battling on efficiency but also on the utilization of data and knowledge. In the U.S., 50% of SMEs have adopted cloud-computing facilities but the proportion is lower than 10% in the most populated country, and Alibaba is looking to provide cloud services to the Chinese companies.

Mr. Tu also highlighted the online trading enterprise’s Tao Gongchang, which is also identified by its domain name 1688.com, at the summit while elaborating upon how the Asian giant is playing its role to aid manufacturers move online. Established in March 2014, the Tao Gongchang network has lured 10,000 manufacturers, whereas more than 30,000 active purchasers have carried out transactions worth 5,000,000 Yuan ($790,000).

An apparel manufacturer concentrating on exports in the earlier times has viewed its profit margin enhances after it joined the 1688.com, Tu stated. Two years ago, the apparel maker recorded sales worth 20,000,000 Yuan ($315,000) by shipping 300,000 clothes. Its exports decreased this year to 150,000 garments but sales revenue only declined to 15,000,000 Yuan (236,0000), Tu acknowledged.

Alibaba Breaking News reported that Tao Gongchang is also known for helping companies to lower down their inventory, because they can currently purchase products simultaneously from a various merchants that could export the required product in short time.

It is quite likely that Alibaba’s findings would not only help improve the marketing strategies of different vendors but also play an important role in threatening its competitors. Other businesses also try to capitalize on such buying trends and fads but the secret to success is the timely realization of any opportunity.

Alibaba Teams up With China's Largest Telcom, Aims To Sell Smartphones To Rural Customers

Jack Ma, founder of Alibaba, aims to cater rural areas of China instead of markets in overseas in its near term expansion.

Latest ALIBABA news is about the e-commerce giant being partnered with China’s largest telecom operator in order to sell smartphones that are low-cost, these smartphones are aimed to be sold to the people belonging to and residing in rural areas. The prices shall be as low as $48 which is approximately 299 RMB.

China Telecom is considered to be one of the pioneers in telecommunications industry in the country and has 186 million users. The deal that has been signed with this giant is a part of a two branched strategy for e-commerce giant. The deal visions the small cities of the country as the key to growth plans for Alibaba’s business and also YunOS, which is its operating system.

There is a series of eight smartphone models that have been developed by obscure brands such as Kingsun, Uniscope and Ctyon will consist of YunOS, Alibaba’s operating system that has been built to be competed with Android. The smartphones of this series are going to be inexpensive and will be affordable. Other a little pricier models, which are six in total, will have Taobao pre-installed in the phones. Taobao is a shopping app by Alibaba. These pricier phones shall be coming from better known manufacturers such as TCL, Hisense and Coolpad.

Alibaba news reports that these smartphones shall be sold in the stores belonging to China Telecom. There had been 15,000 retail outlets for the Chinese telecom giant in rural area in 2014 as per the reports. However the company is planning to grow its number of outlets there for further business.

According to the reports by Kantar, the company wishes to position YunOS as a trustworthy alternative to Android which is currently holding a market share of 80.4 percent in the cities of China.

Despite the moves such as that of partnership to make YunOS more powerful with Quixey or the $590 million investment in Meizu which is a smartphone maker and also uses YunOS on some of the handsets, however the OS is yet to become more reliable or popular among the natives. As of October 2014, the operating system had 10 million users only.

The e-commerce giant may have a better opportunity to expand and grow its business by targeting the rural areas. The Alibaba research unit reported that rural e-commerce market in China shall hit $75 million which is approximately $460 billion RMB by the year 2016. In this case, the residents of these rural areas are seen as spending $80 - $300 for the online shopping every year.

Alibaba Group Finance Arm Launches e-Commerce Based Stock Index

Alibaba's financial arm, Ant has launched e-commerce stock index consisting of 100 stocks in different sectors and is first of its kind in China.

Latest Alibaba news is about the company and its financial arm launching the stock index. Both the companies, Alibaba and Ant are ambitious to enhance their financial services in China. This has been inclined towards the large businesses owned by state and also the ones that are relatively smaller and neglected.

In order to officially launch the complete finance platform on internet in China, this index has appeared to be one of the major steps. According to Ant, this step is a future step towards providing services such as that of loans & credit, banking, payment systems, investment and insurance. These services are expected to bring the new layers of a society residing in China.

Alibaba is known to be the biggest game changer and innovator when it comes to e-commerce in China. Alipay, another feature introduced by the e-commerce giant has been operated by Ant which is considered to be the financial arm for the company. Ant is also recognized as the dominant platform for online payment in China. Analysts have stated that this has given provision to the company to have access to country’s best consumer data and finance of small businesses.

Alibaba news reports that the Ant launched an index on Thursday which is able to track the activities related to e-commerce in order to measure the performance of the firm, this is an incorporation of data belonging to e-commerce giant of China in the with aspiration of it in financial services.

The index naming CSI Taojin Big Data 100 Index consists of 100 stocks; this is first of its kind in China to trace the e-commerce data. The sectors it has stocks in are textiles apparel, household durables, hospitality and etc. This has been reported by Ant Financial Services Group in a statement providing the details.

The statement said that the index, "weigh industries according to the growth in online transactions, price levels and the supply-demand situation in China", said Ant. It "relies on timely quantitative online payment and transaction data rather than quarterly earnings to provide investors accurate and up-to-date information."

Alibaba and Ant both companies are planning to look for ways in which the data can be monetized and that is far different from what Yu’e Bao and Alipay are doing at the moment. Yu’e Bao is a product related to wealth management created for people have become the biggest funds since the launch of it in 2013.

The analysts think that this is a very sensible move made by Alibaba since they have been the pioneer in market fund and also saw a huge success.