This also flags the completion of JD.com strategic integration of channels on the 6 major portals of WeChat’s first level access, QQ Mobile, Jingxi Mini-program, Jingxi app, Jingxi’s mobile site and its fan community. In a pandemic-struck year, during which retail. Users can now access Jingxi directly by clicking “WeChat – Discover – Shopping”. The Beijing-based company posted revenue of 745.8 billion yuan (114.97 billion) for the year, beating analysts’ estimate of 740.81 billion yuan. In September 2019, JD.com officially launched its social e-commerce platform Jingxi as part of its strategy to penetrate into lower-tier cities and compete with Pinduoduo.Īnd, Jingxi’s WeChat Mini Program active users rose to 68 million on Double 11. Among them, 80 of new users come from lower-tier cities. Since its official launch, Jingxi has introduced more than 83 million new annual active users to JD.com.
The segment reported losses of 3. JD.com has launched the social e-commerce platform Jingxi to expand to low-tier cities, fighting against Pinduoduo and Taobao Tejia Edition, among others. JD.com ( JD -1. On the call to discuss the results, JD.com CFO Sandy Xu spoke to the potential of JD’s social e-commerce business targeted at China’s lower-tier markets, Jingxi, and provided some indication on future growth strategies. 2 days ago &0183 &32 Alipay and WeChat Pay data shows China consumer spending over May holidays exceeded pre-Covid levels The Alipay and WeChat Pay digital wallets account for more than 90 per cent of the. Jingxi, launched in 2019, is part of JD.com s 'new business' segment, which has been racking up losses. China’s biggest direct retailer launches Jingxi, a new group purchase marketplace, to counter Pinduoduo. See a quick comparison of the JD and Jingxi (mini program).ĭuring the Singles Day promotion, approximately 75% of Jingxi new users came from lower-tier cities, and approximately 55% of total Jingxi users were female. JD.com announced its first quarter 2021 earnings on May 19. WeChat has 3.5 million mini programs on its platform, which transacted 2.Jingxi was launched in 2019 by JD.com to take on Pinduoduo on lower-tier cities while Taobao launched Taobao Special Offer app for the same demographic.In Q1 2022, WeChat had 1.26 billion active users JD.com, a Chinese e-commerce powerhouse, is apparently cutting off at least 400 employees, despite claims that its competitors Alibaba and Tencent, a text-messaging and gaming company are also intending to slash at least 10 of their workforces.The layoffs come as Chinese internet firms face regulatory pressures and a slowing economy.Tencent’s social network revenue was $17.4 billion in 2021, which accounts for 19% of the company’s total revenue.We have collected data and statistics on WeChat. With this option, its now possible to retweet someones post and add your own video reaction using your camera. It is popular in Hong Kong and some South-east Asian territories, but has failed to interest Western audiences. Leveraging WeChat's popularity, WeChat Pay makes up 39.5 of China's cashless economy according to. Seamlessly tied to the Super App WeChat, WeChat Pay makes easy in-app payment by scanning QR codes of either recipients or payees.
Formerly known as JD Pinggou, Jingxi was relaunched in September to combat group-buying competitors Pinduoduo and Alibaba. WeChat Pay is China's second-largest digital wallet broadly used for payments of all kinds in China.
#JD.COM JINGXI WECHAT PAY CHINACHINA MORNINGPOST UPGRADE#
Tencent has attempted to launch WeChat outside of China, but most of these attempts have failed. JD.com has launched the social e-commerce platform Jingxi to expand to low-tier cities, fighting against Pinduoduo and Taobao Tejia Edition, among others. China’s largest online retailer JD.com has rebranded its own group-buying app & WeChat mini-program as ‘Jingxi’ to target consumers in China’s lower-tier cities. Jingxi is an upgrade from its predecessor named JD.com Pinguo, which mostly targets Chinese female consumers and small-city shoppers with ultra low-priced items.
WeChat Pay, which was built using the framework of Tenpay, has over 900 million users and has supplanted AliPay as the most popular payment service in the country. WeChat is the only app in China to have over one billion active users and is one of only five apps in the world which have surpassed that milestone. China’s largest online retailer JD.com has rebranded its own group-buying app & WeChat mini-program as ‘Jingxi’ to target consumers in China’s lower-tier cities. It has become one of the largest investors in China, second only to Sequoia China, and alongside hundreds of stakes in Chinese startups it also has shares in Snapchat, Fortnite and Tesla Motors. Tencent takes a small slice of revenue from each of these mini programs, and also provides the payments platform.Īs the platform operator, Tencent is able to see which programs are the most popular. Some of the most popular applications in China, including Pinduoduo, JD.com, DiDi and Meituan, all have mini programs on WeChat.
0 kommentar(er)
