Friday, March 22, 2013

Alibaba reports jump in mobile transactions


News this week: According to the latest statistics published by the Alibaba Group, online purchases made on the company’s consumer-focused e-commerce platforms, Taobao Marketplace and Tmall.com, jumped 600% in 2012.

The number of visits to the platforms via mobile devices reached 300 million last year. Of this total, 19% or 57 million users reached the checkout to finalise their purchase. Overall purchases through mobile phones made up close to 7% of all transactions on Taobao and Tmall.com in 2012, compared with just 1.8% in 2011.

Earlier this year, third-party vendors began offering custom mobile app services to build storefronts for private merchants on Taobao. This is similar to services which are currently available on U.S.-based Amazon.com where mobile sales are estimated to be approximately 5% to 8% of total sales in 2012.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

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