government report recently called Taobao a "notorious market" for allowing its merchants to sell counterfeit goods. It really does."īestseller hasn't been the only one to point out the problem. Brand owners who don't have a big business, who don't have the buying power, they cannot control this. We can do this because we are a very strong organization in China. ![]() "We had to push them and work with them everyday, to achieve this. ![]() "They have done a lot (to reduce the counterfeit products sold on the site), but they themselves don't actively try to reduce that," he said. He added that there are still many merchants on Taobao selling counterfeit products using the company's brand names. The company said that part of the motivation to launch a store on Taobao was to stop the selling of counterfeit goods on the site, according to Dan Friis, Co-CEO of Bestseller China. Bestseller currently has 4,000 stores in 300 cities in China, but has also set up an online store on Taobao Mall. While partnering with Taobao can come with opportunities, launching a store on the site can also present challenges, according to Bestseller, a Danish clothing company that owns brands such as Vero Moda and Jack & Jones. Taobao Mall currently has the largest share of China's B2C market at 28.5 percent. The company launched its Taobao Mall platform in 2008 as a way to expand into China's growing business-to-consumer (B2C) market.Ĭhina's B2C market is expected to reach a total sales value from $15 billion in 2010 to $99.5 billion in 2013, according to Beijing-based research firm Analysys International. Taobao, which started as a consumer-to-consumer platform, rose to the top of the China's online retail market after beating out e-commerce rivals like eBay in the country. "The decision was also an acknowledgement that Chinese consumers are increasingly turning to the Internet to do their shopping." "(Taobao) allows us to reach millions of consumers in a very direct way, many of whom we could have difficulty reaching through brick-and-mortar storefronts," Adidas said. ![]() For Alibaba, having a payment option for Taobao users will help improve the user experience,” said Wang Pengbo, senior financial analyst at Broadcom Consulting.In an e-mailed statement, Adidas said while most of its sale still come from its storefronts in China, the companies online sales in the country has seen "rapid growth." “If Tencent’s payment products are successfully introduced into Alibaba’s ecosystem, it means WeChat Pay has expanded into an important online shopping scenario. Taobao has opened a small range of WeChat Pay functions for internal testing and has introduced two WeChat Pay payment methods to the payment options.Īt a press conference in September 2021, Zhao Zhiguo, spokesperson for the Ministry of Industry and Information Technology, stated that “interconnection” is an inevitable choice for the high-quality development of the Internet industry, and that the industry is also striving to ensure a smooth and safe online experience. Recently, the “interconnection” of the two major mobile payment platforms has made new progress. Tencent’s WeChat Pay and Alibaba’s Alipay are the two most popular mobile payment platforms in China.
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