Expert Profile

Expert photo David Wei
Since October 2007, chief executive officer and executive director of Alibaba.com;   From November 2006 to September 2007, president of Alibaba.com and executive vice president of Alibaba Group;   From 2002 to 2006, president of B&Q China, a subsidiary of King

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China's Online Payment Market
China's online payment market reached 555 billion yuan ($81.4 billion) in 2009, up 135.6 percent from 2008. The market has been growing at more than 100 percent annually since 2005. According to industry experts, there are more than 100 online payment companies in China till 2010. Alipay.com Co Ltd is the largest online payment company in China, having a 52 percent share of the market in 2009, followed by Tenpay, an online payment unit of Tencent, with 24.7 percent.
 

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Lenovo To Release New Gaming Computers
High Tech - Computer - Software- Internet China 07/01/2009

Computer maker Lenovo Group   announced its  plan to  introduce  a series of new gaming computers  in the coming months,   as the company decides to focus on the    serious gamers  who  are  expected to reach 100 million by the end of this year. The move is expected to widen  its presence in the gaming computer market  and consequently increase  its sales.

"Although game players accounted for just 15 percent of China's PC users, they are more sensitive to the latest technologies and are often the opinion leaders among their families and friends," said  Liu Jie,  Lenovo’s  vice-president.

"We hope to establish a good brand image in these consumer groups and drive sales of our other product lines through their support."

According to Liu, Lenovo's gaming computers, which are mainly sold between 4,000 yuan ($585.2) to 7,000 yuan, accounts for 17 to 20 percent of the company's total sales.    

He said the gaming computers can be  desktops, laptops and all-in-one computers, which shall be available  in the following months.

Global PC shipments  has  dropped  by 7 percent during the first three months of 2009, according to figures from research firm IDC. The  world's major PC makers strive to release new products  to improve  consumer demand for technology products. Dell, for example, launched earlier this month a high-end game laptop Alianware M17, priced at $1,399, in an effort to tap serious gamers.

Liu said Lenovo's gaming computers would target mainstream consumers. The company also  spent about 10 million yuan this year  to support the resumption of the  International Electronic Sports Tournament (IEST), an annual computer game competition that Lenovo  started  in 2006 but suspended last year because of the Olympic Games.


 

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Expert Talk

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David WeiAlibaba.com, the World抯 Biggest Online Marketplace

If you accidentally drop by a speech by David Wei, CEO of Alibaba.com, at a networking event organized by the CCIFC near the Chinese New Year, and you don’t know who David is, very likely you will guess the well-groomed guy promoting Alibaba in perfect English and with great diplomacy must be the media director of the E-commerce giant. Like the Group’s chairman & CEO Jack Ma, David Wei knows intuitively how to take advantage of media and publicity to popularize their company and ideas. But different from Jack Ma’s unassuming manner, passion and sheer personal charisma which embodies China’s entrepreneurs, an air of sleekness, caution and well-educated gentlemanship -- traits of many western professional managers -- envelops David Wei, who was born in Shanghai, received education from London Business School, and once an investment banker. The article below is largely based on what David talked that night at the CCIFC party and what we learned from online sources about Alibaba.



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Cedric Mangaud Enhance China抯 Mobile Services

Widely regarded as a product visionary, Cédric Mangaud, the CEO of Abaxia,  has more than 10 years experience of international business and general management within the telecommunications and Internet industries. Enterprising, dynamic and fascinated by next generation mobile technologies and opportunities in China, he has just opened a representative office of his mobile software company in the country to help market the Chinese mobile industry.