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100 limited edition MINI Cooper, in value of 30 million RMB, sold on a WeChat influencer account in just 4 minutes. How did this happen? And what can brands learn from this? The WeChat Influencer Account This impressive sale was performed by a fashion focused WeChat Official Account operated by Becky Li (黎贝卡的异想世界). The account has 1.6 million WeChat followers, 90% …
During its Taobao Maker Festival early July, Alibaba showcased a promising technology: cashier-free stores where customers can simply walk out from the supermarket and automatically get charged via Alipay. How does it work and how will it change offline commerce? The Tao Cafe The cafe set up by Alibaba is for now a simple beta. It is however impressive: it …
WeChat Official Account Reading rate/followers growth rate are dropping According to a New Rank survey of 131 Official Account operators, there is a clear decrease in reading rates and growth rates on WeChat in 2017. As shown in the graph below, 39% of the accounts are experiencing a decrease in their article reading rate; while only 28% are seeing an …
Is this the end of BAT? BAT – Baidu Alibaba Tencent – has been the acronym for the 3 most successful Internet companies in China over the last decade. But this acronym might well change to JAT, as JD.com is catching up with Baidu. JD.com on the rise JD.com market capitalization has been steadily rising over the last few months. …
iResearch released a report about the Chinese mobile payment market this month. Highlights: Alipay and TenPay(WeChat Payment) together make up for 92% of the mobile payment market Alipay makes up for the majority (61.5%) of business-related transactions Mobile payment transaction increased 381% to RMB58.8 trillion in 2016 and are expected to grow at a 68% growth rate in the next 2 …
WeChat marketing is essential for any brand that operates in China. But marketing on Facebook Messenger is just starting to become a hot topic. More and more marketers are seeing Messenger as a better communication channel than email marketing. Some marketers reports impressive results with Messenger marketing: open rates above 90% and click through rates above 50%. If you are targeting users outside …
The Fortune 500 list is relatively stable. Every time a new company makes it to the top 500, the media celebrates. But in the extremely competitive Chinese social media environment, making it to the top 500 could just be temporary glory. Newcomers could take your place anytime. Newranks tracks the performance of the 500 top-performing WeChat Official Accounts every month. …
Earlier this year, Alibaba bought a 40% stake in PayTM, the largest mobile payment processor in India. What’s Alibaba’s strategy? Why is India such a good “next step” for Alipay today? That’s what we’ll deep dive today. When India got rid of cash On the 8th of November, India’s prime minister Narendra Modi addressed the nation and announced a revolutionary measure: …
