RakuBai set to ride the Baidu wave for growth

0 CommentsPrint E-mail China Daily, August 9, 2010
Adjust font size:

Chinese Internet giant Baidu Inc's joint venture RakuBai on Friday said it expects nearly 100 million users to utilize its e-commerce site for online shopping over the next three years.

That in turn may help the company in a long term influence dominate position of Alibaba.com's e-commerce company Taobao in China's online shopping services market, said experts.

"We anticipate the Chinese online users to surpass the Japanese numbers within three years after our services go online," said Koichi Nakamura, chairman and chief executive of Beijing RakuBai Network Technology Co Ltd.

RakuBai is a joint venture set up by Baidu and Japanese online retailer Rakuten Inc in January this year. Rakuten has nearly 80 million online users in Japan.

China's gross domestic product will surpass the United States within the next 25 years, said Nakamura quoting a recent Goldman Sachs report. The focus of the global economy will shift from the United States to China, he said.

"We are here to expand and tap the country's huge e-commerce market potential," he said.

The company has already started promoting its services through a slew of promotions. Nakamura said he expects a large number of busineeses to open online stores on its shopping site, slated to commence operations in the next quarter.

Rakuten will bring its e-commerce experience in Japan to China and also come out with reward programs for customers along with other promotional activities. The company will implement stringent quality control standards and hopes to gain sizable numbers from Baidu's, said Nakamura.

At the same time the company, which currently has 100 employees, will look to boost hiring in China. Much of its revenue is expected to come from sales commissions and advertising fees.

Taobao is the dominant player in China's business-to-customer industry, and had a 76 percent share of the market in the first quarter of the year, said domestic research firm Analysys International. In 2009, the business-to-customer sector in China was about 22 billion yuan ($3.25 billion).

"In the long run, Taobao's top slot will come under threat, as more and more big players enter the market," said Cao Fei, an information technology analyst with Analysys International.

China's Internet users reached 420 million as of June this year, according to the China Internet Network Information Center.

The number of online shoppers in the nation was around 142 million, up 31.4 percent from six months earlier.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 日韩一卡2卡3卡4卡| 7777精品伊人久久久大香线蕉| 波多野结衣一区二区三区在线观看| 国产护士一级毛片高清| 一女多男在疯狂伦交在线观看| 日本天堂视频在线观看| 亚洲精品一卡2卡3卡四卡乱码| 野花香高清在线观看视频播放免费| 在线观看网站污| 一级做a爰片欧美aaaa| 最近中文字幕mv免费视频| 免费人成在线观看播放国产| 黑色丝袜美腿美女被躁翻了| 天天做天天爱天天爽综合网| 久久精品*5在热| 污视频在线免费| 免费v片在线观看无遮挡| 精品国精品自拍自在线| 国产成人av免费观看| 97精品在线播放| 成人女人a毛片在线看| 亚洲AV无码乱码在线观看性色| 男女猛烈xx00免费视频试看| 午夜精品视频5000| 国产h视频在线观看网站免费| 天堂а√在线地址| 久久亚洲精品成人无码网站| 欧美日韩中文字幕在线| 又大又硬又爽免费视频| 色网站免费观看| 国产熟人AV一二三区| 2018国产大陆天天弄| 女人洗澡一级毛片一级毛片| 一级毛片女人18水真多| 成年无码av片完整版| 中文字日本乱码| 无码人妻熟妇AV又粗又大| 亚洲av永久综合在线观看尤物| 欧美啊v在线观看| 亚洲黄色在线电影| 美女和男人免费网站视频|