Haven’t we all indulged in the guilty pleasures of buying items that come at half the price but are the exact dupes of the items we want to buy ? The Chinese industry is synonymous with such products and has engulfed the world with its cheap yet diverse array of goods and services . The country has cocooned a variety of such industries and has conceived some of the most successful business in this dimension. E-commerce is the place to be right now and if one knows the reality it is the Chinese e-commerce sites that are giving other companies a run for their money . You may ask how ?
The Chinese digital market place is a magical chaos that abounds you with offers, discounts , dupes, content and yes, a multiplicity of choices . What comes off as a shocker are the knock off prices , a factor that lures the customers to visit these sites like how moths are drawn towards fire. It happens to be a country with the most e-commerce activity in the world as of today . The digital market place is abound to grow 20% annually thus enriching a brighter future of such e-commerce sites .
Here is a list of the top Chinese e-commerce sites that will make you want to shop :
AliBaba Group is a Chinese e-commerce industry founded by Jack Ma in 1999 . It surpassed Walmart in 2016 becoming the world’s largest retailer , while operating in 200 countries as well as becoming one of the largest internet companies . The AliBaba group launched AliExpress in 2010 to bring the Chinese small time businesses in touch with the international buyers . You can find almost anything there and at cheapskate prices .It bagged the 1st position in the most visited e-commerce sites in Russia .
BangGood was launched in 2006 that initially focused on selling electronic goods but has now moved on to sell almost anything you may need or think of . Offering over 70,000 ranges of products the company believes in the customer getting its “Best Bang For Your Buck”. The best thing about shopping on such e-commerce sites is that it saves you from paying a whooping amount of custom duty which is a plus.
- Dino Direct
Another leading cross-border Chinese E-commerce site is Dino Direct . The products are sold at manufacturing costs thus upping the competition in online presence and sales. Providing a wide assortment of good quality yet cheap priced products the site makes it a one stop destination for buyers to buy anything from say home and garden products to even a dog collar .
- Jing Dong or JD.com
Jing Dong is another Chinese E-commerce industry that is giving AliBaba a tough competition . The company was previously known as 360buy . It was founded by Liu Qiangdong in July 1998 and the company went online in 2004 . It started as a magneto –optical store but soon diversified its products catering to a wider audience that way . It is the world’s leading company in high technology and AI delivery through drones and robots.
- Taobao by Alibaba
The company was founded by AliBaba group in 2003 . It made it to the top 20 most visited sites in the world . It surpassed EBay and Amazons MV (Gross Merchandise Volume) in 2013 making it the country’s biggest online market place . The sellers sell their goods through fixed price or through auctioning .
Some of the reasons that add to the advantage to such sites for the consumers and the sellers :
- Cheapskate prices
- The growth of the middle class which is to balloon over the next 20 years
- Digitalization: When we talk about this tech ripple, e-commerce takes the lead connecting buyers and sellers from every corner of the world and facilitating online business and turning an extensive shopping ritual into just a click .
- Low shipping prices and no customs make these sites even more irresistible to shop from.
- Greater product selection
- Ability to compare prices
- An industry catering to one and all with one for all shopping platform
- Keeping up with the trends at half the price