![]() She also has her own Taobao store for different products promotion and events from time to time. You can also find her on WeChat Official Account, Instagram and RED. Known for her stunning Korean-influence style, Kakakaoo (aka 阿沁) is a 23-years-old KOL with over 8.7 million followers on Weibo. This week we are featuring one of the top 10 fashion and beauty influencers in China: Kakakaoo. The average daily reading volume of some top Chinese fashion and beauty influencers exceeds 1 million and their average engagement rate is more than 10k per day. With the accelerating penetration of digital devices, beauty consumers are inclined to check online platforms for cosmetics recommendations in China which make those beauty and fashion KOLs play a significant role to boost the promotion and sales of brands. Kakakaoo: One of The Top 10 Chinese Fashion & Beauty Influencers With the new membership system, it can effectively attract more paid members and increase the repurchases rate. Guan Zhong, the General Manager of Alipay's Ecosystem Department said that "the new membership is an important and creative strategy for Alipay to expand their B2B business". The fee is automatically charged when all the coupons are used. For example, if they didn't use all the coupons, the membership fee will return. Compared to the previous membership, "Lite Membership", users can get their coupons first and charge the membership fee of 88 RMB when the expiry date comes instead of paying the unredeemable fee first. The new membership system allows consumers to enjoy the benefits of being members first while allowing them the time to pay the membership fee until the offer's expiration day. Sesame Credit is used to generate individual credit scores based on both online and offline data. The launch of Jingxi marks an aggressive push of China's second-largest online retailer to increase its share of the consumer market.Īlipay Developing A New "Lite Membership"Īccording to Sina, Alipay is developing a new "Lite Membership" at the moment which is linked with Alipay's credit pay function Sesame Credit. Since the high-tier cities' e-commerce markets are starting to saturate, JD.com also saw the new growth opportunity in those low-tier cities and rural areas. The previous 99 Good Deals Day held by Alibaba mainly featured low-priced items and then generated a gross merchandise volume of roughly US$8.3 billion within two days. Buyers who share product information on popular social networks and invite friends, family and social contacts to purchase together get rewards and discounts. Jingxi targets users in small and medium-sized cities in China and provides discounts on group buying, sharing the same model with Pinduoduo and Juhuansuan. Jingxi will be available on both forms of the app and WeChat Mini-Program at the beginning of October. Jingxi is an upgrade from its predecessor named JD.com Pinguo, which mostly targets Chinese female consumers and small-city shoppers with ultra low-priced items. The Games would have been the first real opportunity to see how the digital yuan will work for tourists and overseas visitors to China, but that opportunity is gone.JD.com, China's second-largest online retailer has developed its own online group-buying service "Jingxi" to rival Alibaba's Juhuasuan and Pinduoduo in lower-tier cities. "Though the Olympics were originally viewed by Chinese authorities as a chance to showcase the potential use of the currency in an international setting, it is likely that few non-Chinese citizens will use the digital RMB wallet at the Games," Triolo added. Meanwhile, China's so-called "zero Covid" approach has led to strict measures to try to stamp out the virus in China - that means very few foreign visitors will be attending the Winter Olympics in Beijing. "However, over time, there may be some niche areas where the digital RMB could see greater use, such as paying certain types of government related bills, or for things like transportation, particularly if the central bank offers incentives like red envelopes and other inducements." The Chinese currency is also referred to as the renminbi, or RMB. ![]() "For the foreseeable future, even if there is an uptick at the Winter Olympics, the transaction turnover rate of the central bank digital RMB is likely to be very tiny in comparison to popular payment platforms WeChat Pay and Alipay," Triolo said. But overall, transaction volume is unlikely to match that seen by Alipay and WeChat Pay, according to Paul Triolo, head of the geo-technology practice at risk consultancy Eurasia Group. ![]() The venues for the 2022 Games in Beijing will be able to use the e-CNY app there. Personal Loans for 670 Credit Score or LowerĬhina's central bank previously stated its intention to make the digital yuan available to visitors to the Beijing Winter Olympics. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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