Jun
4
More on Chinese Online Retailing, from Leo Jia
June 4, 2012 |
The rumors says that the Chinese online retailing giant 360buy will be IPO'ed in NY this September.
One other thing that makes online shopping very attractive to Chinese is the overall product quality concerns and the lack of a product rating like the Consumer Report in the country. It's a trust issue. Online shopping, however, gives shoppers a way to see the sales ranking as well as other shoppers' ratings and comments about any product. These are very important, and make online shops a revolution away from the brick-mortar shops.
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