Alibaba’s Tmall chases U.S. retailers and hopes to generate RMB 200 bln sales in 2012

22 July 2012 17 h 33 min Comments Off

Alibaba Group Holding Ltd.’s Tmall online shopping unit aims to attract more overseas retailers as demand for U.S.-branded goods from its users in China increases.

“The Chinese company met business owners at seminars in Chicago, Detroit, Atlanta and Seattle this month as part of the unit’s first U.S. tour to discuss opportunities to sell goods to consumers in China via the Internet, said Janet Wang, head of international business development at Tmall.

Tmall seeks to add more overseas retailers to its website after signing brands including Levi Strauss & Co., Gap Inc. (GPS), and Adidas AG to open online stores.

The Alibaba unit, fighting to gain users against rivals including 360buy Jingdong Mall, is widening the range of foreign goods on its site as economic growth in China enables more consumers to afford them.

“Demand for foreign brands remains on the up and up,” Wang said yesterday in an e-mail interview, without providing figures. “Our goal is to continue to fulfill these consumer demands and provide our users with the most comprehensive brand and product selection as possible.”

“As Chinese consumers become more sophisticated, they are becoming more open minded to foreign brands,” Wang said.

Tmall, which operates online storefronts for retailers and doesn’t sell its own goods, accounted for 37 percent of China’s business-to-consumer online commerce market in the first-quarter, according to research company Analysys International. It leads second-placed 360buy, which has a 17 percent market share, according to Analysys. Alibaba Group, part-owned by Yahoo! Inc. (YHOO), is China’s biggest e-commerce company, operating sites including Tmall, and

TMall’s 2012 Transaction Volume May Exceed RMB 200 Bln

On July, 18 Alibaba Group’s B2C e-commerce site TMall revealed its total transaction volume for 2012 may exceed RMB 200 bln. Consumer electronics are expected to account for RMB 50 bln, while apparel sales will generate an estimated RMB 60 bln. The platform’s transaction volume growth rate will exceed 100% this year, while gross profit margins will be up more than 50% YoY. TMall plans to invest RMB 1 bln in H2 2012 on promotional activities.

Sources: Sina Tech (18/07/2012), (21/07/2012)

Related posts:

Comments are closed

Other News

  • China (mainland) film Brilliant future expected for Chinese cinema: interview

    Brilliant future expected for Chinese cinema: interview

    Jiang Wen (R), a well-known Chinese director, walks down the red carpet with his wife Zhou Yun at the opening ceremony of the 70th Venice Film Festival in Venice, Italy, Aug 29, 2013. [Photo / Xinhua] (Xinhua, 04 Sep, 2013)Chinese films have achieved over the past few years very positive results in terms of both quantity and quality, and will drive their technology-led development, 70th Venice Film Festival president Alberto Barbera told Xinhua in a recent exclusive interview. This venerable [...]

    Read more →
  • Breaking news China (mainland) film Cloudary extends script to movie industry

    Cloudary extends script to movie industry

    (, 26 Aug, 2013) Cloudary Corp – an online literature platform owned by interactive media giant Shanda Group – said on Friday that it reached a film script agreement with the Chinese movie firm Seven Stars Films. Seven Stars Films, a movie production and investment firm owned by Chinese media entrepreneu r Bruno Wu, will link Cloudary’s literature with the world’s movie industry. Wu, who is married to popular TV host Yang Lan, founded Seven Star Films in 2012. The [...]

    Read more →
  • Breaking news China (mainland) film China’s movie market booms with local content

    China’s movie market booms with local content

    ( Agencies, 23 Aug, 2013) In “American Dreams in China”, Cheng Dongqing is giving a lecture in an abandoned factory in Beijing . Snow falls through the damaged roof and a power cut sends students reaching for their flashlights. The movie , about how young Chinese in the 1990s tried every means to learn English so they could study overseas, is part of a boom in domestic productions that is outpacing foreign film s at the box office in China. [...]

    Read more →
  • Breaking news China (mainland) film Fast forward with film

    Fast forward with film

    (China Daily, 23 Aug, 2013) In the past year, Chinese films have galloped ahead like a dark horse, beating Hollywood imports. It is hardly surprising that most of these domestic hits are comedies. Comedy is mostly local. When Hollywood sent scouts to recover the secret formula, many of them reported that these Chinese movies were not particularly funny. Of course not. When you translate every line into English, you have lost much of the fun, leaving only a few sight [...]

    Read more →
  • Breaking news China (mainland) Digital Mobile game firms looking abroad

    Mobile game firms looking abroad

    (China Daily, 21 Aug, 2013) Intensifying domestic competition is driving Chinese mobile game developers into overseas markets, said Google Inc, owner of the world’s most used smartphone operating system. Japan and South Korea may become “sizeable” money-spinners for developers in China in the coming years, it added. “Tapping into South Korea and Japan makes sense for Chinese developers, because both countries have a large smartphone user base and high sales volume in the mobile gaming sector,” said Ben Zhang, China [...]

    Read more →
  • Breaking news China (mainland) tv PPTV denies buyout rumors

    PPTV denies buyout rumors

    (, 14 Aug, 2013) Online video provider PPTV has denied rumors it will be jointly acquired by e-commerce giant Alibaba Group Holding Ltd and Hunan Satellite TV. “We have noticed related media reports. PPTV is operating independently, well, and we have nothing to announce at present,” PPTV told China Daily on Wednesday. A report from IT industry portal said on Wednesday that the prospective deal is almost closed, with the transaction reaching $400 million. It cited venture capital sources [...]

    Read more →
  • Breaking news China (mainland) film Film industry needs long tail to grow

    Film industry needs long tail to grow

    (China Daily, 15 Aug, 2013) The domestic film market registered record half-yearly box office returns of 10.9 billion yuan ($1.77 billion) in the first six months of this year, up 35 percent year-on-year, and there have been excited voices saying that the Chinese film industry is about to boom in the international market. However, box office success is just part of the industry’s chain, and without the further development of licensed movie merchandising, the Chinese film industry is still in [...]

    Read more →
  • Breaking news China (mainland) Digital New WeChat game becoming painfully popular

    New WeChat game becoming painfully popular

    (, 15 Aug, 2013) A new mobile phone game on WeChat, a social network app in China, is proving so popular that it’s causing hand injuries for many Chinese users. The game, which was recently introduced to WeChat’s 400 million subscribers, allows users to compete online with their friends in aircraft battles. Within two hours after the release of the game on Aug 5, there were more than 180 million downloads. But Zou Cheng, an orthopedic doctor at Hangzhou First [...]

    Read more →