td insights china #9

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td insights_china

Find the latest news and developments in China’s prospering social media landscape!

WHAT’S HOT

Sina Weibo becomes frontline for London mayor election: All 3 candidates opened Weibo account (EN)

After Boris Johnson opened his official Sina Weibo account on April 12, Ken Livingstone and Brian Paddick also jumped onto the boat on April 21 and 22 respectively, making China’s No.1 microblogging service the new frontline for the 2012 London mayor election. 

Tencent, Sohu, Baidu Unit to Form Online Video Alliance (EN)

Tencent Holdings Ltd. (700), Sohu.com Inc. (SOHU) and Baidu Inc. (BIDU)’s iQiyi.com unit said they will form an alliance to offer online video services in China, a month after industry leader Youku Inc. agreed to buy a rival to cut costs. The agreement between Tencent, Sohu and iQiyi will cover collaboration on content licensing and broadcasts, according to a joint statement e-mailed by the companies yesterday. The partnership will help restore “rational pricing” for video content, it said.

MORE NEWS

Chinese Scalpers Use E-Commerce Site to Sell Spots in German Consulate Queue (EN)
At the moment there’s quite a snarl-up of Chinese people waiting for a German visa at the nation’s consulates in Shanghai, Beijing, and Guangzhou. That has inspired some enterprising scalpers to start selling a place in the queue for the mandatory face-to-face interview before a visitor visa is issued, offering the spot in the queue via the e-commerce site Taobao for between 500 and 2,000 RMB (US$80 to $320).

360Buy Has 40 Million Users, Processes 400,000 Orders Per Month [Graphic] (EN)
Although Alibaba (Taobao, Tmall, etc.) is still the 800 pound gorilla in the world of Chinese e-commerce, 360Buy has been building up some momentum. At a press conference earlier today, 360Buy CMO Lan Ye shared the company’s latest (and most impressive) numbers. Specifically, he said the site now has over forty million registered users, and that over the past two months they’ve been processing around 400,000 orders per month. He also said sales income was increasing at a rate of about 200 percent per year. That sounds pretty impressive, but it’s not a huge surprise when you consider the additions the company has been making, like hotel bookings and other travel services.

China’s Digital Generations 3.0: The Online Empire (EN)
China may still be classified as an emerging market, but on the Internet it has arrived. By 2015, China will add nearly 200 million users, reaching an Internet population of more than 700 million—almost double the combined number of Japan and the U.S.


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