Xiaohongshu Drops Commission on Sales from 20% to 5% (and other news)

Thomas Graziani New WeChat features

This week, we report on a few significant news in the Chinese E-commerce space: Xiaohongshu reduced the commission the platform charges to merchant sales from ~20% to 5%. Weibo posts can now redirect users to WeChat Mini-programs WeChat is testing a new #hashtag# feature Xiaohongshu reduces platform costs In an effort to attract merchants to promote their products on the …

JD.com 618 Revenues Grow 33% Amid COVID-19 Pandemic

Thomas Graziani New WeChat features

618, happening on June 18th, is the second biggest shopping festival in China after Single’s Day. First launched by JD.com, the festival has broken new records this year, amid the COVID-19 pandemic. Record-breaking year for JD.com JD.com broke new records this year, with 269.2 billion RMB of orders during the shopping festival (from June 1st to June 18th). The total …

How to Conduct Your Brand’s China Digital Audit?

Thomas Graziani New WeChat features

China is a $1.94 trillion e-commerce market, the largest in the world, and more than three times bigger than the U.S. e-commerce market (source: eMarketer). But it is also a difficult market to enter. What is the potential of YOUR brand in the Chinese market? Depending on your current digital footprint on Chinese social platforms, your launch might be an …

How to select the right trade partner for Tmall and WeChat in China?

Thomas Graziani New WeChat features

With a completely unique ecosystem of social networks and e-commerce platforms such as WeChat and Tmall, China can be a challenging ecosystem to launch your brand. Choosing the right partner can be the most determining factor between success and failure. Here are some guidelines to pick the right company to launch your brand in China. Overview of the Chinese Digital …

How Did COVID-19 Impact Alibaba and Tencent’s Earnings?

Thomas Graziani New WeChat features

Alibaba and Tencent just released their earnings for the period of January to March 2020. A good opportunity to assess the extent to which COVID-19 impacted Chinese online platforms. Alibaba’s Q1 2020 results Alibaba saw overall very good performance YOY, due to the strong resilience of the e-commerce sector. Alibaba E-commerce revenues grew 19% YOY, while Tmall Online Physical Goods …

COVID-19: What Can Western Companies Learn From Chinese Brands?

Thomas Graziani New WeChat features

The COVID-19 epidemic is deeply affecting companies across the globe. However, China is already way past the peak of the outbreak. What can Western brands learn from the experience of Chinese companies over the past few months? Three phases to the epidemic: Peak, Recovery and Bounce Back The peak of the epidemic in China was reached between the middle of …

¥800 billion WeChat Mini-Program Transaction Volume in 2019: Tencent Annual Report

Thomas Graziani New WeChat features

Amid the Covid-19 epidemic, Tencent released its Q4 2019 results. The performance is overall good, with a large uptake of Mini-program transactions and revenues from FinTech sector. A service ecosystem moving toward Fintech Tencent seems determined to stand out among Tech giants. It definitely doesn’t want to be an advertising company and is even diversifying away from gaming revenues. Instead, …