Mobile commerce has become a primary interest for Alibaba Alibaba is on a course for mobile commerce dominance. The Chinese company has become one of the most prominent Internet organizations in the world, having found major success in the e-commerce field. Taking note of the growing importance of mobile technology, Alibaba has begun to invest heavily in the mobile space, looking for ways to become a more powerful force in commerce by doing so. Alibaba has already made major strides in the mobile world, establishing itself as an insurmountable force…
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Mobile commerce at Taobao breaks shopping records
The company managed to bring in sales of over $100 million in under an hour. After only one day into the annual Single’s Day sale in China, Taobao – the leading online commerce marketplace in the country – shattered all previous mobile commerce records, having brought in $164 million (RMB 1 billion) from over 14 million user accounts within the span of under one hour. By the time that 7:35am had been reached, they’d brought in $328 million in smartphone based purchases. In China, November 11, which is also known…
Read MoreM-commerce channel led by China and South Korea
The Asia Pacific marketplace is leading the entire world in its smartphone shopping. According to a recent report, the importance of m-commerce is steadily growing across the Asia Pacific region, to the point that the world is being led by that part of the globe in smartphone shopping. The report was based on a study that examined the way countries in that area use the channel. It determined that 55 percent of online shoppers in China had already made at least one purchase over m-commerce during the last quarter of…
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