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Category: Ningbo News
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Published: Tuesday, 20 November 2012 09:19
China's e-commerce giant Alibaba pocketed 19.1 billion yuan (3.04 billion U.S. dollars) during its "Singles' Day" shopping promotion on Nov. 11, it announced on Monday. The figure was three times more than that of last year, according taobao.com, a key sales platform under Alibaba.
Ningbo netizens made significant contribution to Sunday's spending binge. According to data from the Alibaba Group, netizens in Ningbo spent 393 million yuan on "Singles' Day", an astonishing figure compared to last year's 73.06 million yuan. However, according to a ranking among major Chinese cities, Ningbo, although ranking the second in Zhejiang province, dropped to the eighth from the fifth position nationwide last year. The top three cities are Shanghai, Beijing and Hangzhou.
The data show that the promotion on Sunday enticed 213 million Internet users to shop on taobao.com and Tmall, two sales platforms under Alibaba, accounting for 40 percent of Chinese Internet users. Ten million users visited its website in the first minute of the sale. The ravenous consumers quickly snatched hundreds of thousands of goods including down jackets, iPhones, shampoo, liquor, and even diapers.
The figure of 19.1 billion yuan embarrassed traditional retailers. During the passed eight-day national day holiday, the 5,000 outlets form 395 large and medium-sized shopping malls in Shanghai earned a total operating income of 6.43 billion yuan. Even in Hong Kong, the well-known 'paradise of shoppers', the average daily retail sales in August was reported as 930 million yuan.
Read more: Ningbo netizens spend 393 million on...
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Category: Ningbo District
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Published: Tuesday, 20 November 2012 09:19
According to the latest list of IPO applicants released by China Securities Regulatory Commission (CSRC) on November 9, Tengtou Garden in Ningbo's Fenghua has been listed in applicants registered in small plates. The company is located in Ningbo's Tengtou Village, which won the UN Environmental Program's award of the "global 500 best", and was the only village selected for the 2010 Shanghai World Expo.
According to CSRC, Tengtou Garden is undergoing IPO review with Everbright Securities as its underwriter. If Tengtou Garden obtains the IPO approval, it will become the second listed company in Fenghua next to Ningbo Bird Co., LTD, a cell phone manufacturer. It will also become Ningbo's first listed companies at township level.
Tengtou Garden, founded in 1996 by Tengtou Group, is an enterprise whose business covers garden nursery, plant production, sales and service, plant science and technology R & D applications, landscape design, and garden maintenance service. Covering an area of 30,000 mu (4942 acres), Tengtou Garden is one of the largest ornamental planting suppliers in China. It has four seedling bases in the Yangtze River Delta, Pearl River Delta, central and northern China, with more than 200 million trees and 140 varieties. Meanwhile, it plans to build two more bases in southwest and northwest China, which will enlarge its total area to over 50,000 mu (8237acres).
The ownership of Tengtou Group over Tengtou Garden is down to only 20 percent now through ownership reform and several rounds of adjustment since 1996.
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Category: Ningbo Business
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Published: Tuesday, 20 November 2012 09:17
More than 10 billion yuan was spent in 1:38 pm of a 24-hour shopping bonanza at China's well-known business-to-consumer (B2C) online retail website Tmall.com on Sunday, or "Single’s Day", said Alibaba Group. The trade volume of the three Ningbo-based clothes retailers, Beyond, GXG, and Peacebird, is expected to exceed 300 million yuan.
The actual payment on Tmall.com hit 10 billion yuan last Sunday, a record high for Chinese retail industry. The figure not only shows the consuming potential of Chinese netizens, but also tests the overall capacity of Chinese online retailers.
According to data released by Alibaba Group, over 10 million people swarmed to its e-commerce website 60 seconds after the shopping feast began at midnight. Sales reached 250 million yuan in 10 minutes, 1 billion yuan in 37 minutes, 5 billion yuan in 8:10 am, and broke the record of last year in just eight hours. Volume reached 10 billion yuan as of 1:38 p.m., which was the target for the 24 hours.
Amid the current economic downturn, many companies turn to e-commerce for restructuring and further development. An increasing number of local online retailers joined this year's Single's Day promotion. The sale of Beyond Group hit 100 million yuan on 16:00 last Sunday, a year-on-year growth of 133 percent. "The number of shoppers grows substantially compared to the same period in 2011. We will serve about 9,000,000 customers today," said a staff member in Beyond's online store last Sunday.
Read more: Ningbo's major online retailers may...