Arab Today, arab today price war between ecommerce firms hotter
Last Updated : GMT 12:35:42
Arab Today, arab today
Arab Today, arab today

Price war between e-commerce firms hotter

Arab Today, arab today

Arab Today, arab today Price war between e-commerce firms hotter

Beijing - XINHUA

A price war has flared up again among Chinese e-commerce websites, despite government officials accusing them of \"fooling consumers with promotional activities\" just nine months ago. JD.com, also known as Jingdong, offered heavy discounts on millions of products, including some best sellers, to celebrate its 10th anniversary on Tuesday. In an e-mail reply to China Daily, the business-to-customer e-commerce website said it offered \"the most favorable discounts in a decade\" on some goods. Though the promotion started on June 1, it offered the deepest discounts for a three-day period starting on Monday Jingdong\'s sales more than doubled in the first 15 days of June, according to the company. The website sold 40 million yuan ($6.5 million) of electronic products in the first seven minutes of Tuesday. In addition to Jingdong, other e-commerce platforms such as Tmall.com of Alibaba Group Holding Ltd, 51buy.com of Tencent Holdings Ltd and Suning.com have joined the battle. Wang Yulei, vice-president of Tmall.com, said Tmall would offer discounts totaling 200 million yuan in June. Summer is traditionally the peak season for consumer electronics, he said. 51buy.com, a business-to-customer branch of Tencent, challenged Jingdong directly by offering products \"at least no more expensive than JD.com\". The Tencent subsidiary asked clients to inform it when they found certain goods costing more than on 51buy during the three-day period starting on Monday. If they do, they receive reward points. 51buy launched its three-day half-price sale on Monday. Song Yang, from Tencent\'s e-commerce department, denied the company was mimicking Jingdong\'s marketing campaign. \"We planned this promotion at the start of the year. June is usually the start of the online shopping season every year, so it is natural for industry players to act at the same time,\" he said. The National Development and Reform Commission, China\'s top economic planning agency, punished three major Chinese e-retailers in last September for \"cheating online shoppers in self-labeled price wars\". However, after several tranquil months, the price battle broke out again, this time with even more participants. \"It is because price and sales wars are still the most effective way for e-commerce websites to win customers\' attention,\" said Lyu Bowang, chief analyst at Beijing-based Zhengwang Consultancy. \"Meanwhile, as Chinese economic growth slows down, inventories piled up in manufacturers\' warehouses, which resulted in demand for relief from producers,\" Lyu added. E-commerce platforms are effective channels for them to ease this pressure, he said. Regina Leung, vice-president of the marketing division of marketing services company Epsilon International, said e-commerce retailers are using heavy discounts to practically buy market share. Retailers use discounts because they have a short-term impact, she said. However, \"retailers who rely on discounts to drive traffic and revenue will soon shoot themselves in the foot when they are perceived by consumers merely as discounters. Their slim profit margin will also eventually disappear,\" she added. Zhang Jindong, chairman of Suning Appliance Co Ltd, China\'s largest electric appliance retailer, said in an April interview that the price war would continue. \"There is a bubble in the e-commerce industry, so the price war will carry on,\" he said. Jingdong said in a statement: \"We welcome competition. Only with more players participating can China\'s e-commerce industry realize rapid development.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today price war between ecommerce firms hotter Arab Today, arab today price war between ecommerce firms hotter

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today price war between ecommerce firms hotter Arab Today, arab today price war between ecommerce firms hotter

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Prayers turn to nightmare

GMT 06:14 2017 Sunday ,22 October

Prayers turn to nightmare
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday