When I read about the booming online shopping market in China, it makes me wonder about how many department stores are going to go bankrupt here in coming years. Chinese department stores tend to have tenants with no-name brands that try to charge crazy prices for their goods. There's a reason Golden Eagle's stock price chart looks like this:
China's Mobile Shoppers
From Deutsche Bank:
iResearch recently published a report profiling mobile shoppers in China. 61% of mobile shoppers under 30 years old. Female users accounted for 60% of the total population. Some 70.3% of China's mobile shoppers use Android phones, followed by the iPhone (18%) and Windows Phone (3.7%). Approximately 56% of users transacted on a mobile more than 10 times in 2013, as compared to 46.8% in 2012. In addition, 57.6% of users paid for products and services through third-party payment channels such as Tenpay, and 18.7% of the total made the payment using mobile banking connections.
Mobile shopping market volumes reached RMB64.2b (+140.8% YoY) in 1Q2014, with mobile shopping penetration (mobile shopping as a percentage of total online shopping) increasing from 11.1% in 4Q2013 to 14.1% in 1Q2014 alone. Mobile Taobao and Tmall combined accounted for 76.4% of the total GMV (Gross Merchandise Volume) of the market [ed. WHO'S YOUR DADDY? BABA, THAT'S WHO] , followed by Mobile JD (6.9%) and Mobile Vipshop (2%).
In 1Q2014, Vipshop’s mobile revenue accounted for 36% of total revenue, compared with 8% in 1Q2013. For Jumei approximately 49% of its total GMV was generated through its mobile platform in 1Q2014. Approximately 18% of JD’s fulfilled orders were placed through mobile in Mar 2014, as compared to 15% in Dec 2013.
Egregious Example of Insider Trading in WUBA
Somebody got Friday's news on Thursday, it looks like. I didn't look at the options activity in 58.com, but I'm sure it looks suspicious as well.
Addition to Clay Figure Collection -- White Rabbit
My daughter was born in the year of the rabbit, so this is a nice addition. My son thinks the eyes "look evil." Number six in our collection.
Slow Boat Brewery's Coconut Porter
Had one of these with my German buddy Felix who said, "There's a law in Bavaria that only hops and malt can go in beer," to which I replied, "That's coconuts!"
Trading idea for Fri. Jun. 27, 2014 | United Technologies (UTX)
War, what is it good for? (Elaine Bennis file):
Update: Realized I didn't post chart from 6/26 but used 6/25 instead ... it doesn't matter, the set-up is still "valid."
Receive these free daily trading ideas by email.
Bum in Blue
When I did the fall semester of my junior year abroad at the Harbin Institute of Technology 20 years ago, we were all encouraged to buy these big padded coats to survive the winter. The army ones were a dull green and available everywhere, but the navy ones were hard to find and a lovely blue, navy blue?, so all the stylish American exchange students got a blue coat. I was reminded of that when I saw this bum wearing one earlier this week.
NQ Mobile New Low Close
Are you listening to what the market is saying about NQ? Yes, Muddy Waters' many reports are badly organized and poorly written, but that doesn't mean they aren't onto something.
Jimmy DiResta Empties His Pockets
You don't want to be behind this guy while going through airport security.
Trading idea for Thu. Jun. 26, 2014 | Danaher (DHR)
Danaher, I have no idea what they do, one of those mystery companies.
Receive these free daily trading ideas by email.