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You might not have heard of Yunji, one of the latest giants of Chinese social commerce. Yet, it just went IPO on the Nasdaq, raising $121 million USD. Who is this new booming social commerce company? What kind of company is Yunji? Like Pinduoduo, Yunji is a social commerce company relying mostly on WeChat sharing in order to generate sales. …
Creating the most popular Mini Program is like an impossible task. Brian Ru, the founder of Xiaoniangao, created not just one, but THREE Mini Programs that ranked on the top 30 list! This is no coincidence. No. 1 Mini Program – Xiaoniangao The main Mini Program is Xiaoniangao (小年糕+, literal translation into Little Rice Cake), it kept the record as the No. …
As we are sitting here within the 5th ring road of Beijing, it is hard to imagine that 40.4% of the Chinese population still doesn’t have access to the Internet. As this population gains access to the mobile Internet at a faster pace, it generates tremendous opportunities for entrepreneurs and marketers. Penguin Intelligence published the 2019 China Internet Trend Report. …
Research company QuestMobile released a new report about WeChat Official Accounts in April 2019. The report sheds some light on users interests and their content consumption behaviors. Demographics of WeChat Official Account followers WeChat Official Account followers tend to have proportionally more male users than the general WeChat users population (57.2% of WeChat OA followers are male, against only 53.3% …
Frequent readers of our posts may have already learned how to set up your e-commerce presence in China and generate traffic to their WeChat store. We’ll now deep-dive into a common problem of vendors selling to China: logistics and shipping to China. Can my product be shipped to China? Click here Cross-border trade and FOREX Click here Custom clearance Click here Direct shipping Click here …
A few days ago, WeChat announced the release of a new logistics API enabling to connect WeChat Mini-programs with 3rd party logistics providers. The solution has already been implemented by companies such as the American skincare brand Kiehl’s (part of L’Oréal group) and is now being made available to the whole public. But is it any good? WeChat new logistics …
Tencent just released it’s Q4 2018 financial report and 2018 annual report. The report provides insights about the overall strategy of Tencent, and the future of WeChat and QQ. Financial growth Tencent continued on a steady growth of revenue: revenues reached nearly 85 billion RMB, a healthy 28% YOY increase. The company however delivered disappointing profits of 14 billion RMB …
The short video craze is reaching new heights in mainland China. But what’s happening outside? As you may know, Tik Tok is the king of short video Apps oversea. What is Tik Tok? If you live outside China, you can hardly have avoided seeing advertising for Tik Tok, the latest short video App to boom in the Western markets. If …
The social commerce space never lacks innovation. A new type of location-based social model called Community Group Buy is changing how people engage in grocery shopping. Here is the monthly Gross Merchandise Value (GMV) of top community group buy platforms according to eburn.com: Xingshen Youxuan 兴盛优选 – 370 million RMB Shixianghui 食享会 – 210 million RMB Niwonin 你我您 – 200 …
During 4 years helping brands sell to Mainland China via WeChat, we collaborated with many cross-border payment gateways. These gateways are authorized by Alibaba, Tencent, and Union Pay to provides a cross-border payment solution for foreign businesses. Most of these payment gateways cover specific countries or regions, and some provide a one-stop-shop to leverage WeChat Payment, Alipay, Union Pay and …
