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China Tech News: Yandex Teams With Chinese E-commerce For Cross-Border Payments

Chinese and Russian technology companies plan to jointly launch an e-commerce platform which aims to promote the cross-border trading between China and Russia. Russian online payment system Yandex.Money will start handling payment services for China online payment platform TradeEase. This project is expected to be launched in summer of 2015 and its turnover is expected to reach USD830,000 within three...

Epoch Times:Amazon and Alibaba Cooperation Highlights Difference Between Two Systems

Some people view Amazon’s move to open an online shop on Alibaba’s Tmall as a sign of defeat. In fact, while both companies could benefit, the significance of the move is likely to be small. “The company is widely considered to have failed to achieve the type of success in that market that investors are accustomed to from Amazon,” Citigroup writes in a note to clients. Amazon gets 60 percent...

Global Post:China Lifts Overseas Online Shopping Transaction Limit

China lifted its overseas online transaction limit from 10,000 U.S. dollars to 50,000 dollars in an effort to support cross-border e-commerce, according to the foreign exchange regulator on Thursday. The State Administration of Foreign Exchange (SAFE) is piloting a program to allow cross-border foreign exchange payment services to facilitate overseas e-commerce transactions. Payment companies are allowed...

Korean Tourism Agency Partners With China’s Baidu to Use Big Data on Travelers

South Korea’s state-run tourism agency said Wednesday it will work with Chinese Internet giant Baidu Inc. to use its mobile search traffic data on travel to attract more visitors from China. The Korea Tourism Organization (KTO) and Baidu signed a memorandum of understanding to jointly collect and analyze big data derived from China’s No. 1 search engine to more accurately gauge market trends...

Chinese Consumers Generate 25% of UK E-tail Sales

Chinese consumers are the biggest online buyers of British goods, followed by the US, according to new research by PayPal and Ipsos estimates. Market analysis suggests 25% of cross-border consumers buying online from UK sellers are from China, while 18% are from the United States. Additionally, jewellery was shown to be the third most compelling reason to spend online internationally, with 17% of cross-border...

US fashion brand A&F launched official website in China

According to media, US fashion brand A&F launched official website in China recently. Online store of US based brand Abercrombie&Fitch(A&F)and its child-brand Hollister was official launched to China consumers. by

Sweden Fast Fashion Brand H&M Launched China online Store

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Sweeden Fast Fashion Brand H&M officially Launched China online Store on 18th September 2014. This is H&M’s first store in Asia. From now on, Chinese customers can shop H&M via online store as well as 200+physical stores in different cities in China. by

Suning Will Likely Adopt Amazon’s Cross-border E-commerce Model

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Suning Appliance Company has set up a cross-border e-commerce unit and plans to build its own cross-border e-commerce system by the end of this year, to compete with the direct mail operations of Tmall and Amazon, Shanghai-based China Business News reports, citing unnamed sources from the company. The success of the venture will hinge on whether Suning can establish a complete overseas supply chain...