Alibaba Enters Korea'S Logistics Expansion Force

Alipay has held a logistics promotion conference in Seoul on 11 March, and said that from next month, it will work with Korea's brand retail platform Tmall and logistics company rookie network to launch settlement and logistics integrated services with Korean enterprises.

It is said that, including the main department stores in Korea, there are also large scale circulation enterprises, socialized e-commerce, cosmetics enterprises and other 200 related enterprises responsible persons to participate in this promotion meeting.

If the related payment and logistics integrated services are resolved, the typical scenario of Chinese consumers buying Korean goods in the future may be moved to the "Tmall international" platform that has attracted the world's major brands in 2014 years, or the four big department stores in North America, such as the Korean enterprises network mall that can be paid by Alipay.

The use of rookie network in local and domestic

In the sea, the common problems from the warehouses of enterprises to customs clearance in China and the distribution in China can also be alleviated.

Far less than the traditional channel's logistics price, it is also an important way to attract consumers. At present, in South Korea, 1 kilograms of goods are sent to China through EMS, and the freight is 15000 won, while the freight rate of Alibaba is only about 30% of EMS.

In February 2015, Tencent also announced that it would cooperate actively with the Korean bank and Korean bank.

The electronic settlement market is planned to start offering settlement services for Chinese tourists at the main tourist attractions such as east gate and Ming hole starting from the 3 month of this year.

This move is considered to follow the previous Alipay's entry into the Korean market and provide tax rebates for tourists.

According to statistics from the relevant departments of Korea, the number of Chinese tourists visiting Korea reached 6 million 130 thousand last year, an increase of 41.6% over the same period last year.

But it has yet to go abroad.

They are still the majority. They have created a larger market: the total size of China's overseas direct purchase market has reached 27 trillion won in the 2014 year, and it is expected to exceed 400 trillion won in 2018. The proportion of the overseas direct purchase market in Korea is less than 1%.

Related links:

China's cosmetics discount Jumei International Holding Ltd. (Nasdaq:JMEI) jumei.com released its four quarter and full year earnings on Monday, while jumei.com's earnings per share in the fourth quarter were recorded at $0.07, but far below analysts' expectations of $0.12, and its earnings were $166 million.

As of the four quarter of December 31, 2014, jumei.com's revenue increased by 18.5% on the basis of 140 million 100 thousand dollars a year earlier. The increase in revenue was mainly stimulated by active users and strategic changes. In the fourth quarter, the Group recorded a gross profit of 50 million 420 thousand dollars, down 15.4% from the same period last year, although the operating cost dropped by 34.6% in the four quarter, but gross margins from commodity sales dropped by 660 basis points to 25.3%, gross gross margins also dropped to 320%, and the fourth quarter operating profit was recorded in the US dollar, compared with a loss in the same period last year.

Chen Ou, chief executive of jumei.com, said the group changed its management strategy from the fourth quarter of 2014 to close the third party platform, take full direct operation and accelerate offshore outsourcing business.

Jumei.com has been subject to counterfeit disputes since its listing, and its weak share in the two or three quarter has led to a sharp fall in its share price, which has dropped to 12 US dollars from the peak of US $37.8 in August last year. At the end of 2014, it was also investigated by many law firms in the United States.

In the 2014 fiscal year, the aggregate income of US $632 million 900 thousand increased by 31% compared to the same period last year, 438 million US dollars in the same period last year, 13 million 300 thousand for the active users, 26.7% for the year-on-year growth, 42 million 600 thousand for the year-on-year increase and 18.3% for gross profit margins, 110 basis points to 23.4%.

Jumei.com expects revenue in the first quarter of fiscal 2015 to be US $224 million 500 thousand -2.323 billion, up by 45%- 50%.