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	<title>VentureBeat &#187; Taobao</title>
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<copyright>Copyright 2013, VentureBeat</copyright>		<item>
		<title>China&#8217;s $265 billion e-commerce world (infographic)</title>
		<link>http://venturebeat.com/2013/02/27/chinas-265-billion-e-commerce-world-infographic/</link>
		<comments>http://venturebeat.com/2013/02/27/chinas-265-billion-e-commerce-world-infographic/#comments</comments>
		<pubDate>Wed, 27 Feb 2013 18:01:49 +0000</pubDate>
		<dc:creator>John Koetsier</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Entrepreneur]]></category>
		<category><![CDATA[Top stories]]></category>
		<category><![CDATA[alibaba]]></category>
		<category><![CDATA[Amazon]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[ecommerce]]></category>
		<category><![CDATA[online shopping]]></category>
		<category><![CDATA[Taobao]]></category>
		<category><![CDATA[TMall]]></category>
		<category><![CDATA[Yahoo]]></category>

		<guid isPermaLink="false">http://venturebeat.com/?p=629467</guid>
		<description><![CDATA[<p>Alibaba predicts that 2013 will be the year that Chinese e-commerce surpasses U.S e-commerce, with $265 billion in sales compared to a projected $230 billion for America, and that total Chinese online sales will reach $445 billion in&#160;2015.</p>
<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=629467&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p><a href="http://venturebeat.com/2013/02/27/chinas-265-billion-e-commerce-world-infographic/large_4315145017/" rel="attachment wp-att-629547"><img class="aligncenter size-full wp-image-629547" alt="large_4315145017" src="http://venturebeat.files.wordpress.com/2013/02/large_4315145017.jpg?w=1024&#038;h=612" width="1024" height="612" /></a> Two hundred and forty-two million Chinese shop online, and they&#8217;re expected to spend $265 billion in 2013.</p>
<p>These are two of the biggest stats in <a href="http://www.alibaba.com" target="_blank">Alibaba&#8217;s</a> newest visual overview of the Chinese e-commerce market. Alibaba is China&#8217;s online shopping giant &#8212; the company <a href="http://venturebeat.com/2012/12/03/alibaba-reaches-1-trillion-rmb-157b-in-sales-to-become-biggest-e-commerce-company-in-the-world/">sold over $175 billion worth of products in 2012</a>, and it owns TMall, which manages online sales for thousands of Chinese companies, as well as Taobao, which is, roughly, the Chinese version of eBay.</p>
<p>Alibaba, which Yahoo partially owns, made history in 2012 by <a href="http://venturebeat.com/2012/11/21/how-a-chinese-e-commerce-company-racked-up-3-billion-in-sales-in-just-one-day/">racking up $3 billion in sales in a single day</a>.</p>
<p>Sixty percent of those 242 million Chinese have incomes of less than $320 a month, but the average Chinese user spends almost as much online as U.S consumers: $1,054 &#8212; mostly because online prices are cheaper than in a store.</p>
<p>Alibaba reports that 54 percent of Chinese shop online at TMall &#8212; its own online shopping mall &#8212; with only 3 percent shopping at <a href="http://www.amazon.cn" target="_blank">Joyo Amazon</a>, which is Amazon&#8217;s Chinese division. Interestingly, 68 percent of what they buy is clothing and accessories, with much lower rates for digital goods, consumer electronics, and media.</p>
<p>Alibaba predicts that 2013 will be the year that Chinese e-commerce surpasses U.S e-commerce, with $265 billion in sales compared to a projected $230 billion for America, and that total Chinese online sales will reach $445 billion in 2015.</p>
<p>All the details in visual form:</p>
<p><a href="http://venturebeat.com/2013/02/27/chinas-265-billion-e-commerce-world-infographic/china_online_shopping-infographic/" rel="attachment wp-att-629532"><img class="aligncenter size-full wp-image-629532" alt="china_online_shopping-infographic" src="http://venturebeat.files.wordpress.com/2013/02/china_online_shopping-infographic.jpg?w=740&#038;h=5217" width="740" height="5217" /></a></p>
<p><em>photo credit: <a href="http://www.flickr.com/photos/sprengben/4315145017/" target="_blank">Sprengben [why not get a friend]</a> via <a href="http://photopin.com" target="_blank">photopin</a> <a href="http://creativecommons.org/licenses/by-nc-sa/2.0/" target="_blank">cc</a></em></p>
<br />Filed under: <a href='http://venturebeat.com/category/business/'>Business</a>, <a href='http://venturebeat.com/category/entrepreneur/'>Entrepreneur</a>, <a href='http://venturebeat.com/category/top-stories/'>Top stories</a>  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=629467&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></content:encoded>
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		<title>Chinese online mall Taobao reports $3B &#8212; yes billion &#8212; in sales in one day (infographic &#8230; in Chinese)</title>
		<link>http://venturebeat.com/2012/11/13/chinese-online-mall-taobao-reports-3b-yes-billion-in-sales-in-one-day-infographic-in-chinese/</link>
		<comments>http://venturebeat.com/2012/11/13/chinese-online-mall-taobao-reports-3b-yes-billion-in-sales-in-one-day-infographic-in-chinese/#comments</comments>
		<pubDate>Tue, 13 Nov 2012 23:02:28 +0000</pubDate>
		<dc:creator>John Koetsier</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Cyber Monday]]></category>
		<category><![CDATA[ecommerce]]></category>
		<category><![CDATA[online shopping]]></category>
		<category><![CDATA[record]]></category>
		<category><![CDATA[Taobao]]></category>
		<category><![CDATA[Valentines Day]]></category>

		<guid isPermaLink="false">http://venturebeat.com/?p=574065</guid>
		<description><![CDATA[<p>Taobao may not be well-known on our side of the Pacific Ocean, but it is the 13th-most-trafficked site in the world according to Alexa, and it is owned by one of the largest e-commerce companies in the world,&#160;Alibaba.</p>
<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=574065&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p><a href="http://venturebeat.com/2012/11/13/chinese-online-mall-taobao-reports-3b-yes-billion-in-sales-in-one-day-infographic-in-chinese/taobao/" rel="attachment wp-att-574102"><img class="aligncenter size-full wp-image-574102" title="taobao" alt="" src="http://venturebeat.files.wordpress.com/2012/11/taobao.jpg?w=655&#038;h=461" height="461" width="655" /></a>The top Chinese e-commerce service Taobao reported $3 billion in sales in a single day, November 11, according to <a href="http://westiseast.co.uk/blog/taobao-sales-19-billion-bonanza/" target="_blank">Chris West</a>, a British expatriate currently living in Fuzhou, China. And according to the company&#8217;s own infographic (included below) which is, naturally, in Chinese.</p>
<p>November 11 may be Veteran&#8217;s Day in the U.S. and Remembrance Day in Canada, but in China it is &#8220;double sticks&#8221; day &#8212; 11/11, get it &#8212; and is the <a href="http://en.wikipedia.org/wiki/Singles_Day" target="_blank">equivalent of our Valentine&#8217;s Day</a>.</p>
<p>The numbers, frankly, are astounding:</p>
<ul>
<li>$3.06 billion USD in sales</li>
<li>109 stores with more than $1.6 million USD in sales within 12 hours</li>
<li>One brand (Tmall) with more than $2.1 billion in sales</li>
<li>213 million active accounts</li>
<li>105 million orders</li>
<li>7 million mobile accounts active in the first hour</li>
<li>$84 million in sales via mobile just by 2 p.m.</li>
</ul>
<p>Taobao may not be well-known on our side of the Pacific Ocean, but it is the 13th-most-trafficked site in the world <a href="http://www.alexa.com/search?q=taobao.com&amp;r=home_home&amp;p=bigtop" target="_blank">according to Alexa</a>, and it is owned by one of the <a href="http://www.comscore.com/Insights/Blog/E-Commerce_in_Asia_Pacific_Big_Opportunity_for_a_Growing_Region" target="_blank">largest e-commerce companies</a> in the world, Alibaba. But it&#8217;s not a single vendor, like Amazon (mostly) is.</p>
<p>Essentially, as one of our readers comments, Tmall and Taobao, both owned by Alibaba, are the Amazon and eBay of China, though both use Taobao&#8217;s payment systems.</p>
<div id="attachment_574108" class="wp-caption aligncenter" style="width: 568px"><a href="http://venturebeat.com/2012/11/13/chinese-online-mall-taobao-reports-3b-yes-billion-in-sales-in-one-day-infographic-in-chinese/screen-shot-2012-11-13-at-2-18-21-pm/" rel="attachment wp-att-574108"><img class="size-large wp-image-574108" title="Screen Shot 2012-11-13 at 2.18.21 PM" alt="" src="http://venturebeat.files.wordpress.com/2012/11/screen-shot-2012-11-13-at-2-18-21-pm.png?w=558&#038;h=369" height="369" width="558" /></a><p class="wp-caption-text">Taobao.com</p></div>
<p>(And yes, that is the Alibaba that Yahoo owns a piece of, and which is <a href="http://venturebeat.com/2012/07/31/alibaba-8b-round-yahoo-buyback/">trying to buy itself back</a>.)</p>
<p>According to West, it is common for Chinese retailers to not set up their own e-commerce capability, but to set up a shop on Tmall, the busiest part of Taobao. According to the infographic below, Tmall&#8217;s sales were $2.1 billion U.S. and Taobao&#8217;s were almost $1 billion U.S. (thanks for the translation, <a href="http://venturebeat.com/author/gbshoe/">Dan</a>).</p>
<p>&#8220;Some people are doubting the numbers,&#8221; he told me this afternoon (Wednesday morning in China). &#8220;But it&#8217;s not like the U.S. where there are many, many e-commerce sites. Here there&#8217;s pretty much the one.&#8221;</p>
<p>If we can believe these numbers, this is simply a stunning example of what a billion-plus people in a single nation can do online, particularly as incomes rise across China. West contrasts it to Cyber Monday in the U.S.  &#8211; coming up soon &#8212; which saw 2011 sales of a <a href="http://www.pfsweb.com/blog/cyber-monday-2011-the-results/" target="_blank">comparatively small $1.25 billion</a> across all online retailers, not just one.</p>
<p>That&#8217;s impressive.</p>
<p>Here&#8217;s the Taobao infographic for our Chinese-reading audience. The one part I can read: 191 hundred million RMB &#8230; which is the equivalent of $3 billion U.S.</p>
<p><a href="http://venturebeat.com/2012/11/13/chinese-online-mall-taobao-reports-3b-yes-billion-in-sales-in-one-day-infographic-in-chinese/696490f0jw1dyrzkbokyjj/" rel="attachment wp-att-574100"><img class="aligncenter size-full wp-image-574100" title="696490f0jw1dyrzkbokyjj" alt="" src="http://venturebeat.files.wordpress.com/2012/11/696490f0jw1dyrzkbokyjj.jpg?w=440&#038;h=2442" height="2442" width="440" /></a></p>
<p><em>photo credit: <a href="http://www.flickr.com/photos/bfishadow/5101410037/" target="_blank">bfishadow</a> via <a href="http://photopin.com" target="_blank">photopin</a> <a href="http://creativecommons.org/licenses/by/2.0/" target="_blank">cc</a></em></p>
<br />Filed under: <a href='http://venturebeat.com/category/business/'>Business</a>, <a href='http://venturebeat.com/category/mobile/'>Mobile</a>  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=574065&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></content:encoded>
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