{"id":14239,"date":"2010-07-16T13:28:49","date_gmt":"2010-07-16T21:28:49","guid":{"rendered":"http:\/\/198.46.88.49\/?p=14239"},"modified":"2010-07-16T13:29:17","modified_gmt":"2010-07-16T21:29:17","slug":"global-luxury-brands-in-china-e-commerce-market","status":"publish","type":"post","link":"http:\/\/198.46.88.49\/style\/fashion\/global-luxury-brands-in-china-e-commerce-market","title":{"rendered":"Global Luxury Brands \u00e2\u20ac\u0153Testing The Waters\u00e2\u20ac\u009d In China\u00e2\u20ac\u2122s E-Commerce Market"},"content":{"rendered":"
Over the past few years, as Chinese consumers have embraced e-commerce<\/a>, online retailers specializing in European luxury goods have become wildly popular with shoppers looking to sidestep China\u00e2\u20ac\u2122s heavy luxury taxes. These independent online shops \u00e2\u20ac\u201d often run by Chinese overseas students in their spare time \u00e2\u20ac\u201d by and large are hosted on Taobao<\/a>, China\u00e2\u20ac\u2122s hugely successful answer to eBay, and process payment through Alipay<\/a>, Taobao\u00e2\u20ac\u2122s answer to Paypal. Recently, however, Paypal linked up with China UnionPay<\/a> in an effort to compete with Alipay \u00e2\u20ac\u201d which claims 3\/4 of China\u00e2\u20ac\u2122s online payment market \u00e2\u20ac\u201d offering Paypal accounts that allow customers to shop on overseas websites.<\/p>\n