New E-commerce service in Ctopay

Ctopay, the top online payment provier in Hongkong, announced the official launch of their new e-commerce service site: www.ctoseo.hk.
Besides the online payment service, now they cares to the web buliding, SEO service!
The dedicated SEO service is designed to promote more traffic to your webiste, thus to increase the sales for our customers.
You can view more detailed SEO service in our webiste!

Who will benifit from China's Ecommerce boom?

Chinese ecommerce grew over 120% last year, projected to be in high growth for the next 3-5 years. Now large companies such as Mcdonald, KFC, Haier, Gome, Lancome are all going ecommerce, who will benefit from the ecommerce boom in China?

consumers of course, some businesses as well.

Companies that are already in this industry will no doubt thrive on the growth. Alibaba, who is not only the largest B2B ecommerce platform in the world, but also owns the largest C2C website in China - Taobao.com, though Taobao is not very proftable due to the free listing strategy(beats ebay out of China this way), it does have dominant position and could quickly turn into a cash machine once good model is implemented. Its new ad system had a pretty good feedback.

Other large ecommerce companies such as dangdang.com and 360buy.com will likely to be on a short list of future public companies.

China '09 mobile e-commerce trade has a cheerful prospect

According to the market researcher, iResearch, the market's transaction scale is estimated to skyrocket by 204.8 percent on year in 2009 to hit 640 million yuan.

The market researcher believes that the mobile e-commerce market has a cheerful prospect, as many wireless e-commerce operators and traditional ones set foot in the field.

However, the market is still at the initial stage with the growth stunted by such factors as credit deficiency, imperfect mobile payment system, and a boundary between mobile e-commerce and traditional industries.

E-Commerce spending will rise 11% to $156.1 billion

E-Commerce spending will rise 11% to $156.1 billion this year, study says.
Despite the economic downturn, e-commerce sales, including event and movie tickets, will grow about 11% to $156.1 billion this year from $141.3 billion in 2008, according to the first installment of the three-part State of Retailing Online 2009: Marketing Report from research and consulting firm Forrester Research and Shop.org, the online retail arm of the National Retail Federation, a merchant trade association. Four out of five retailers say the web is better suited than offline retail to withstand the recession.
E-commerce sales grew 13% from 2007 to 2008, the report says. Online sales will account for 6% of total retail sales this year, up from 5% last year.
While Internet sales growth continues to outpace traditional retail sales, 54% of online retailers expect overall retail growth to slow during the next 12 months, and 57% acknowledge the economy is hurting their bottom line, according to the survey.

Ecommerce Know-How: Six Ways To Improve Your Online Store

An online merchant's most important marketing and sales tool is a content-rich, visually interesting, and factually accurate website.
In this edition of "Ecommerce Know-How," I am going to propose six ways to improve your site。
Six Ways to Improve Your Online Store：

No. 1: Upgrade Your Product Descriptions, Using Three Sentences Or Less
No. 2: Use Video for Product Demonstrations, Merchandising
No. 3: Use Adobe Flash, Flex, and jQuery Plug-ins to Merchandise and Cross-Promote Specials
No. 4: Implement Product Reviews and Ratings
No. 5: Add a Cross-Selling, Suggestions Tool
No. 6: Get a Single-Page Checkout

E-commerce broke 3 trillion yuan in turnover last year

Vice Director of the Department of Information Technology of the Ministry of Commerce Nie Linhai recently revealed in Fuzhou that the financial crisis is providing a rare opportunity for development in China's e-commerce industry, and China's total turnover from e-commerce exceeded 3 trillion yuan last year, an increase of over 40 percent year-on-year.

While attending the second E-commerce and Logistics Distribution Forum and the first Seminar on Joint Development of Cross-Strait E-commerce and Logistics in Fuzhou, Nie said that China's total turnover in e-commerce trade reached 3.1 trillion yuan in 2008, a 43 percent increase from 2007.

In the current financial environment, small and medium-sized businesses engaging in e-commerce have a better chance of survival than those using traditional modes of business.

According to relevant statistics, 84.2 percent of enterprises that do not engage in e-commerce experience financial difficulty in the financial crisis, while only 16.8 percent of enterprises that do engage in e-commerce experience financial difficulty, a difference of nearly five times.

online payment---Debit-Card Use Overtakes Credit

The urge to not splurge by thrift-conscious consumers is giving the debit-card revolution a new push. On Wednesday, Visa Inc. reported that the total dollar volume of purchases made using its branded debit cards surpassed credit-card purchases for the first time during the last three months of 2008.

The $206 billion in U.S. debit-card transactions processed by Visa were 50.4% of the San Francisco company's total transaction volume in the period, up from about 40% in 2003.

"A big group of consumers like the discipline that debit spending can bring them, and that is particularly relevant in this kind of environment," said Tim Murphy, who oversees MasterCard Inc.'s main payment products around the world.

Unlike credit cards, which have balances that can be carried month-to-month, debit cards immediately deduct funds directly from a checking account. Debit cards are especially popular with younger consumers.