![]() Coming up, there’s also the 3.8 Sale on 4- 8 March 2022.Įven though many of us already associate competitive pricing and wide variety with Taobao when shopping online, we may not be using it directly. These include 11.11, or Singles Day on 11 November, and the 12.12 year-end sale each year. When shopping online on Taobao or even other e-commerce platforms, we can also pay attention to popular sales events at specific dates. Its e-commerce platforms serve not only a huge domestic Chinese market, but have become a bridge for international consumers to directly access a massive pool of Chinese retailers. You can view our full editorial policy here.Įven though Taobao is based in China, it has become synonymous with online shopping in Singapore. DollarsAndSense.sg is not liable for any financial losses that may arise from any transactions and readers are encouraged to do their own due diligence. All views expressed in this article are the independent opinion of DollarsAndSense.sg based on our research. With a small team, TechNode provides timely news and thoughtfully researched articles for worldwide readers interested in learning more about the Chinese tech industry.This article was written in collaboration with Taobao Singapore. PDD went from 100 million yuan ($16 million) GMV a month in early 2016 to 4 billion yuan ($630 million) GMV a month by 2017, putting it in fourth place behind Alibaba, JD, and Vipshop.Īlthough Alibaba dismissed the speculations, the two services do share a similar demographics in users from third-to fourth-tier cities and the elderly. As of Feb 21, 2018, PDD ranks #3 overall in the Chinese iTunes app store ranking for free apps, after popular apps like Tik Tok (aka Douyin) and WeChat, and ahead of other shopping apps like Taobao. Pinduoduo (PDD) has filled in the gap and has recorded exponential growth over the past few years. Sometimes, the lower-end market, for which price is still a top concern, is ignored. ![]() ![]() With the economic growth, China’s e-commerce market is dominated by the concept of consumption upgrading, where people would like to pay more for quality products. We launched Taobao Tejia because there’s a huge user demand for cost-effective products,” said an Alibaba spokesperson to local media. ![]() Read More: Can China’s fastest growing e-commerce startup find similar success in Southeast Asia?Īlibaba dismissed the speculations.”The diversification of customer demands leads to the diversification of products. With more emphasis on social features and rock-bottom prices, Taobao’s recent moves are widely translated as a measure to fend off the intensifying competition from Pinduoduo, China’s upstart social e-commerce company. On top of that, users can collect extra coupons by click on the red envelope button in the app. Most of the items are priced between RMB 5 to RMB 30. ![]() The app covers a variety of popular categories that include clothes, baby and maternal care, cosmetics, and home appliances. Shortly after the launch of family account feature to go after the senior citizens’ market, Alibaba’s online marketplace Taobao recently launched a dedicated app named Taobao Tejia (淘宝特价meaning Taobao Discounts) to target China’s lower-end users who are more price-sensitive, local media is reporting. ![]()
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