Chinese play growing part in online shopping
Updated: 2015-11-26 12:05
By Hezi Jiang in New York(China Daily USA)
Workers collect customer orders during Black Friday deals week at an Amazon fulfilment centre in Hemel Hempstead, Britain, Nov 25, 2015. [Photo/Agencies]
Foreign brands and retailers are ready for another Chinese "Duo Shou Day", which translates into one's hands being chopped because of an inability to refrain from online shopping.
Rewarded with good revenue on Singles Day on Nov 11, many international merchants are hoping to attract more Chinese online shoppers on Black Friday, the day-after-Thanksgiving shopping spree.
"Singles Day was very strong for us in both traffic and conversion," said Kent Helbig, chief technology officer for Ashford.com, a retailer based in Brooklyn, New York. "We are continuing this strong partnership and cooperation with Alipay into Black Friday, with even more aggressive offers for our Chinese audience."
Ashford CEO Mozes Hoch said that Chinese shoppers are better customers than Americans for their business, which focuses on reselling luxury watches.
The company started its collaboration with Alipay ePass last year, and Hock said that with the added Alipay payment option to its website and fast logistics network provided by Alibaba Group Holding Ltd, their connection to China has been brought to a different level.
"I was walking or using a bicycle," he said. "Alipay brought us on a private plane to China. A 747."
Ashford has been in China for two and a half years and now gets 40 percent of its transactions from IP addresses in China. That number is expected to keep growing.
Two of its men's Swiss watches, 50 percent off and 60 percent off, made to the top 10 of Alipay's Black Friday deals among fashion goods from major department stores, including Saks Fifth Avenue, Neiman Marcus and Bloomingdale's.
"With the knowledge of the size of China's e-commerce market and particularly after learning about Alibaba and Singles Day, most of the US and European brands and merchants are fully recognizing the potential of reaching China's market via e-commerce," said Jonathan Li, co-founder of Silicon Valley-based BorderX Lab, which provides Western brands with advertising channels to increase their presence and sales in the Chinese market.
After talking with more than 200 merchants, he concluded that many have tapped into China's market through cross-border sales.
"Some also start getting on Tmall or JD for China entry. Thirdly, they start to make use of China social media such as Weibo and Wechat," he said.