There are a lot of specialist e-commerce sites in China, but VCotton perhaps takes the award for focusing on such a niche area that it’s practically selling only one product: socks. OK, it has leggings and panties/shorts as well, for both men and women, so it’s oriented more towards underwear; the kind of stuff that you (hopefully) throw out and buy afresh pretty often. But its area of expertise, according to its CEO Lin Wei (pictured below), is socks. In an interesting interview today with ChinaVenture, Mr Lin describes how VCotton.com ...
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![Online Shopping in China in 2011 [INFOGRAPHIC]](http://www.penn-olson.com/wp-content/uploads/2012/01/Revised-CHINAONLINESHOPPING2011INFOGRA-JULIA-250x250.jpg)
Feb 7 2012
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Luxury Online Store IhaveU Slips Some B-Round Financing Into Its Designer Handbag
The luxury e-commerce site IhaveU has announced that it has wrapped up B-round funding, though the full investment sum has not been revealed. The injection of investment was led by the CID Group and JAFCO Asia. IhaveU.com is one of a number of luxury B2C Chinese e-commerce sites that focus on couture brand clothing - along with other independent rivals such as The Luxury Club, as well as high-end fashion stores from web giants such as Sina (NASDAQ:SINA). IhaveU sells both men’s and women’s clothing and pricey accessories, from the likes ...
Feb 6 2012
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Amazon Launches Junglee.com for Indian Market
Last summer there were reports that Amazon (NASDAQ:AMZN) would be entering the Indian market in early 2012. This has turned out to indeed be the case, as this past week the company finally launched its online shopping website junglee.com to serve Indian consumers. Amazon says that the new web service will offer over 12 million products from 14,000 brands, and will allow customers to buy from retailers including “Homeshop18, UniverCell, Hidesign, Gitanjali, The Bombay Store, Fabindia, Bata India Limited, Dabur Uveda, Microsoft India Store, Reebok, and Amazon.com.” The Junglee website offers a ...
Jan 18 2012
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Redmart Co-Founder: Foundation First, One Step At A Time
We recently wrote about Redmart.com, a one-stop shop to purchase non-perishables in Singapore, which attracted investment from Skype co-counder and angel investor Toivo Annus. The site makes shopping for household goods a lot easier, especially for busy bees who do not have private transport to help bring bulky items home. I love the idea of cutting out the middleman retailers (which Redmart does), but more importantly, I appreciate the efforts and thought processes put forth by the co-founders running this business. At a glance, Redmart looks like an aggregator of most ...
Jan 12 2012
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eBay Continues Asia Postal Partnerships with Singapore Tie-up
Back in November we told you about eBay’s partnership with Japan Post to assist Japanese customer who wanted to sell items using the popular auction service. And today we’re hearing that eBay has launched a service in collaboration with SingPost and the United States Postal Service to help sellers in Singapore reach US buyers. It’s called ePAC, eBay’s APAC shipping tool, and it helps sellers take orders, print labels and track shipments using their eBay account. Oliver Hua, eBay Marketplaces’ COO for Greater China, Southeast Asia, and Japan, explained further: Singapore sellers ...
Jan 10 2012
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The Average Beijinger Spent $1446 Online in 2011
Now that 2011 is over, we're starting to see some numbers that indicate with hard data what everyone already knew: this was a big year for e-commerce in China. The Beijing News is reporting today that the average Beijing internet user spent 9230 RMB ($1446) online in 2011, making Beijingers the second biggest-spending city in China for online shopping (per capita). Guangdong was number one, coming in first in overall spending and the per capita measurement. Beijingers made up more than 7 percent of China's total online payments over the past ...
Jan 3 2012
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Chaoren360: Social E-Commerce for Fashion-Minded Men
Whenever we’ve looked at specialist Chinese e-commerce sites that focus on fashion, they’ve pretty much all been aimed exclusively at women. And so the startup Chaoren360 - which is a pun on the word ‘superman’ in Chinese - is bucking that trend by selling only men’s apparel, shoes, and accessories. Chaoren360.com is based in Guangdong in southern China - now home to over 10 percent of all Chinese startups - and is actually more of a magazine than an online mall because it just links to products on others sites such ...
Jan 4 2012
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Online Shopping in China in 2011 [INFOGRAPHIC]
The Infographic of the Day series visually expresses important stories from Asia and the world of technology. Over the past few weeks we’ve been taking a look back on 2011 and the major stories and trends that stood out. In China, this was an especially big year for online shopping and ecommerce. For a few key facts and figures about how this corner of China’s internet industry is growing, check out the following graphic that I’ve put together on the subject. Update January 4: RMB amount spent online updated from 7,000,000,000,000 ...
Dec 29 2011
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Netease’s Luxury E-Commerce Mall Falls Out of Fashion, Closes This Week
E-commerce in China is such a boom industry that virtually every story on the subject on our site this year has been about growth, profits, and potential. But there’s no such luck for Netease (NASDAQ:NTES), which has announced that its high-end fashion store, Luxury163, will not survive into 2012, vanishing off of the web just before midnight on December 31st. Netease is better known for its 163Mail service or its online gaming titles - but success remained elusive for its Luxury163 site, despite rising incomes in China and growing demand for ...
Dec 2 2011
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Rumor: Lashou Mall to Launch Next Week, Disrupt E-Commerce in China
Lashou, one of China’s leading group-buy sites, is rumored to be expanding into the more conventional e-commerce segment next week with the launch of ‘Lashou Mall.’ Chinese tech media reports that the Lashou Mall - due for launch on December 8th - would be aimed at helping consumers buy services online from local small businesses in a more straightforward way than the current ‘deals’ method. The fees charged to local firms could be as low as 1,980 RMB (US$312) for six months. The group-buy/daily deals segment in China has been frantic ...
Nov 24 2011
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LocalBrand Online Mall Launches, Providing a Cat-Walk for Indonesian Fashion Designers
After a beta rollout on August 17, now LocalBrand.co.id has officially launched, with a very apt cat-walk fashion show event (pictured below). LocalBrand is an online mall that focuses on high-fashion clothing. There are lots of e-commerce sites in Indonesia, but what differentiates LocalBrand from the others is that it only sells authentic fashion items made in Indonesia. In recent years, a great many young and bright Indonesian designers emerged and entered the industry, trying to take sales away from the usual global luxury brands. Indonesia has lots of local fashion ...
Nov 18 2011
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China Finally Expands Online Train Ticket Sales to Non-High Speed Trains
Never mind that high speed trains in China are (a tad) expensive (comparatively): You pay for the service, including this little bit of tech convenience — of buying the tickets in the comfort of your own home, in front of your computer. Yours truly lives about 5 minutes (by foot) from a ticket agent — and he lazily wishes that place didn't close after, say, 8 PM... Happily, this is reality — now: Since September 30, 2011, the rule is that those who travel by high speed rail (where train numbers ...
Taiwan’s EZTABLE Raises $1.5 Million in Series A Round, Heads to Mainland China
Feb 9, 2012
VCotton Wants to Knock Your Socks Off. And Sell You New Ones
Feb 8, 2012
Agate Studio Wants to Make the World Happier With Games
Feb 8, 2012
CyberAgent Ventures Invests in Vietnamese Music Service
Feb 7, 2012
Perx’s ‘Chop Mob’ Helps Coffee Bean Increase 50% in Transaction
Feb 8, 2012