But losses mount for the home furnishings e-retailer that went public in October.
If there's something you've bought offline that you weren't able to buy online, we're probably thinking about that.”
The discount retailer reports a 69% increase in mobile conversion and a 44% year-over-year jump in mobile traffic.
Sponsored by 2013 Social Media 300
An influx of venture capital, an upwardly mobile middle class with tastes for Western brands, access to low-cost production and vastly expanding rates of broadband Internet access have all conspired, seemingly overnight, to convert China's often overlooked e-retailing consumers into the world's largest national e-commerce market. Direct-to-consumer e-commerce sales grew 42% in 2013 alone, to $305.5 billion from $214.8 in 2012, research firm iResearch estimates. China's burgeoning web merchants and the e-commerce market they serve offer tantalizing opportunities and pose huge competitive risks for Western retailers, brand manufacturers and solutions providers alike. Until now, those opportunities and risks were shrouded in mystery, but Internet Retailer's inaugural 323-page 2014 China 500 guide removes that veil by ranking, profiling and providing scores of facts about each of the 410 Chinese and 90 non-Chinese web merchants who, as a group, have boldly put themselves in the epicenter of global e-commerce.
Available in an English-language edition and slated for a Standard Chinese-language release later this spring, the 2014 China 500 incorporates a half year's worth of research conducted by Internet Retailer editors, furnishing scores of details on China's fast-growing web merchants, including their 2013 and 2012 web sales, market rank, monthly web traffic, conversion rate, average ticket, payments and performance metrics, names of key company executives and more. In all, this inaugural publication reveals 130 financial and operating metrics on each of the web merchants in the China 500.
Additionally, this first-of-its-kind research publication offers the following exclusive data and analysis, available nowhere else:
• Detailed cover story on why China's biggest web merchants are bent on getter bigger and who is looking to catch up
• In-depth feature story on how China's biggest e-commerce company, Alibaba, continues to grow market share and how other marketplace operators are trying to keep pace
• Detailed feature story on how U.S. e-commerce technology development and services
• In-depth charts that break out the e-mail, social media and payments metrics for China 500 merchants
• Detailed map of Chinese e-commerce data featuring key sales, Internet, and mobile commerce metrics and demographics
• Valuable contact information of nearly 800 e-commerce executives, with names, phone numbers and addresses for each China 500 organization
Get Your Copy of This Inaugural Resource on Web Retailing in China Today!
The 323-page guide is now available in a user-friendly digital version that can be downloaded to your desktop or device. Also, all of its proprietary data can be accessed and customized by user preference through a subscription to Top500Guide.com, the world's largest online database of competitive e-commerce information.
Digital Edition Use: Single-User Licenses Only, Limited Number of Devices per Order, No Exceptions. Please note: This is a digital product; PDF downloads are not available, nor can you print pages like a PDF. You can download the file to your computer or laptop to use as an offline tool, but may not print and replicate pages.
Sales Figures2013 sales of the 500 largest China e-retailers
Thorough AnalysisEach retailer’s key financial, operations, web site services and other metrics
Industry Contacts763 e-commerce executive names
Social MediaTop 50 by followers of Sina Weibo, China’s top social network