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About Virtual China

  • ABOUT THE BLOG:
    Virtual China is an exploration of virtual experiences and environments in and about China. The topic is also the primary research area for the Institute for the Future's Asia Focus Program in 2006. IFTF is an independent, nonprofit strategic research group with more than 35 years of forecasting experience based in Palo Alto, CA.
  • ABOUT THE AUTHORS:
    Lyn Jeffery is a cultural anthropologist and Research Director at the Insitute for the Future, where she leads its Asia Focus Program.
    Jason Li is currently a design research intern at Adaptive Path. He previously worked at IFTF & Microsoft Research Asia, and recently graduated from Brown University.
    Nan Yang is a freelancer in Shanghai whose many projects include part-time Mandarin teacher at MandarinShanghai.com, assistant for Eric Eldred from Creative Commons, translating manager for gOFFICE, translator for MeMedia, member of Social Brain Foundation, and author of 1idea1day.com. She is also passionate to take part in small and innovative seminars in Shanghai.
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    Lyn Jeffrey
    Jason Li
    Nan Yang

About Asia Focus

  • In response to the great need for foresight about Asia, IFTF has launched the Asia Focus Program. Asia Focus research topics are large-scale, under-explored areas from which unexpected futures will emerge. It is part of IFTF's flagship program, the Ten-Year Forecast Program, which provides a broad scan of the environment and is a leading source of foresight for a vangard of business, government, and nonprofit organizations.

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March 15, 2006

new auction site formally online

Paipai

Tencent, the company that runs China's most popular online chat service, QQ, has made a move into the already crowded C2C market in China.  Paipai.com is Tencent's now formally opened site, and includes online stores, a games area, and virtual products.  Tencent plans to eventually leverage QQ with the new trading platform.  According to a recent report from China-based Analysys International, Chinese online auctions brought in about US $1.7 billion in value in 2005, an increase of 235% from 2004. The sites' market share breaks down as follows:

Taobao, part of the web portal Alibaba, accounted for 57.74% of the total transaction value in 2005, followed by eBay with 31.46%, 1Pai, part of Yahoo! China, with 5.75% and PaiPai with 3.76%.

(via ChinaTechNews.com)

Posted by on March 15, 2006 at 06:49 PM in Auctions |

Comments

Hi,
Is there another way to look at paipai web site? as I can only read english.
Many thanks.
Branca.

[email protected]

Posted by: | December 06, 2006 at 03:30 AM

Lyn

Branca, try the methods used by Kathrine at the following post:
http://www.virtual-china.org/2006/09/instant_transla.html

The translation isn't great, but it's the best we have!

Posted by: Lyn | December 06, 2006 at 04:21 PM

online auction

It is just matter of time when Yahoo or eBay will buy them out.

Posted by: online auction | July 14, 2007 at 05:07 PM

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