{"id":41733,"date":"2025-01-23T04:44:45","date_gmt":"2025-01-23T09:44:45","guid":{"rendered":"https:\/\/newssprinters.com\/index.php\/world\/chinas-super-app-wechat-bolsters-e-commerce-credentials-via-gift-giving-feature\/23\/01\/2025\/"},"modified":"2025-01-23T04:44:45","modified_gmt":"2025-01-23T09:44:45","slug":"chinas-super-app-wechat-bolsters-e-commerce-credentials-via-gift-giving-feature","status":"publish","type":"post","link":"https:\/\/newssprinters.com\/index.php\/world\/chinas-super-app-wechat-bolsters-e-commerce-credentials-via-gift-giving-feature\/23\/01\/2025\/","title":{"rendered":"China&#8217;s super app WeChat bolsters e-commerce credentials via gift-giving feature"},"content":{"rendered":"<p>\n<\/p>\n<div>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START --><a href=\"https:\/\/www.scmp.com\/topics\/tencent\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Tencent Holdings;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Tencent Holdings<\/a>-owned <a href=\"https:\/\/www.scmp.com\/topics\/wechat\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:WeChat;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">WeChat<\/a>, the super <a href=\"https:\/\/www.scmp.com\/topics\/apps\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:app;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">app<\/a> known as Weixin in China, is burnishing its <a href=\"https:\/\/www.scmp.com\/topics\/ecommerce\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:e-commerce;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">e-commerce<\/a> credentials on the mainland, thanks to <a href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3291753\/tencent-challenges-e-commerce-rivals-new-gift-giving-feature-wechat\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:a gift-giving feature;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">a gift-giving feature<\/a> that has boosted sales for online retailers on the platform, according to local media reports and industry analysts.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Chinese <a href=\"https:\/\/www.scmp.com\/topics\/live-streaming\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:live-streaming;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">live-streaming<\/a> e-commerce firm <a href=\"https:\/\/www.scmp.com\/tech\/tech-trends\/article\/3245502\/chinas-new-oriental-fires-live-streaming-e-commerce-platform-ceo-promotes-top-influencer-after\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:East Buy;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">East Buy<\/a> saw sales at its online store on WeChat cross the 1 million yuan (US$136,586) mark on Monday, with more than 80 per cent of transactions made through the app&#8217;s gift-giving feature, according to a report by local media outlet National Business Daily, citing company sources.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START --><a href=\"https:\/\/www.scmp.com\/topics\/beijing\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Beijing;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Beijing<\/a>-based East Buy adopted the feature earlier this month, weeks after it was <a href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3291753\/tencent-challenges-e-commerce-rivals-new-gift-giving-feature-wechat\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:rolled out by WeChat in December;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">rolled out by WeChat in December<\/a>. East Buy did not immediately respond to a request for comment on Wednesday.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Do you have questions about the biggest topics and trends from around the world? Get the answers with <a href=\"https:\/\/www.scmp.com\/knowledge?utm_medium=partner&amp;utm_campaign=contentexchange&amp;utm_source=YahooFinance\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:SCMP Knowledge;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">SCMP Knowledge<\/a>, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->The feature enables shoppers to search for products on WeChat by keywords. After the sender completes payment, the recipient must accept the gift and submit a postal address within 24 hours or the order will be cancelled, and the money returned to the sender. Users can only send a single gift to one WeChat friend per order.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->According to WeChat&#8217;s official guidelines, prices of products made available via this feature are capped at 10,000 yuan, and exclude jewellery and tutoring classes.<!-- HTML_TAG_END --><\/p>\n<figure class=\"yf-8xybrv\">\n<div class=\"image-container yf-g633g8 loader\" style=\"--max-height: 640px;\">\n<div class=\"image-wrapper yf-g633g8\" style=\"--aspect-ratio: 960 \/ 640; --img-max-width: 960px;\"><\/div>\n<\/div>\n<\/figure>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START --><em>East Buy chairman and chief executive Michael Yu Minhong seen at the centre of a live-streamed show, with the platform&#8217;s former top host Dong Yuhui to his left. Photo: Sohu alt=East Buy chairman and chief executive Michael Yu Minhong seen at the centre of a live-streamed show, with the platform&#8217;s former top host Dong Yuhui to his left. Photo: Sohu&gt;<\/em><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->East Buy&#8217;s latest sales results on WeChat bodes well for the Tencent super app &#8211; with nearly 1.4 billion monthly active users &#8211; as shopping heats up around China&#8217;s <a href=\"https:\/\/www.scmp.com\/topics\/lunar-new-year\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Lunar New Year;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Lunar New Year<\/a> holiday, which runs from January 29 to February 12.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->The gift-gifting feature leverages WeChat&#8217;s vast social network, which is expected to attract more quality vendors to join and users to shop on the platform, according to a research note by China Merchants Securities.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->In a separate report, analysts at Citic Securities predicted the e-commerce gross merchandise value of WeChat to reach 1 trillion yuan by 2027.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START --><a href=\"https:\/\/www.scmp.com\/topics\/shenzhen\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Shenzhen;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Shenzhen<\/a>-based Tencent has not disclosed business data about WeChat&#8217;s gift-giving feature.<!-- HTML_TAG_END --><\/p>\n<p><button class=\"secondary-btn fin-size-large readmore-button rounded   yf-15mk0m\" data-ylk=\"elm:readmore;itc:1;sec:content-canvas;slk:Story%20Continues\" aria-label=\"Story Continues\" title=\"Story Continues\"> <span>Story Continues<\/span> <\/button> <\/p>\n<div class=\"read-more-wrapper\" style=\"display: none\" data-testid=\"read-more\">\n<figure class=\"yf-8xybrv\">\n<div class=\"image-container yf-g633g8 loader\" style=\"--max-height: 640px;\">\n<div class=\"image-wrapper yf-g633g8\" style=\"--aspect-ratio: 960 \/ 640; --img-max-width: 960px;\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"\" loading=\"lazy\" height=\"640\" width=\"960\" class=\"yf-g633g8 loader\"\/><\/div>\n<\/div>\n<\/figure>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START --><em>A woman touches red lanterns hung on trees at Beijing&#8217;s Ditan Park ahead of the Lunar New Year holiday on January 22, 2025. Photo: AP alt=A woman touches red lanterns hung on trees at Beijing&#8217;s Ditan Park ahead of the Lunar New Year holiday on January 22, 2025. Photo: AP&gt;<\/em><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Following December&#8217;s launch of WeChat&#8217;s gift-giving feature, China&#8217;s major e-commerce platform operators <a href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3293868\/alibaba-revamps-gift-giving-feature-taobao-marketplace-fend-tencent-competition\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Alibaba Group Holding;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Alibaba Group Holding<\/a> and <a href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3295218\/jdcom-launches-gifting-feature-compete-alibaba-tencent-ahead-lunar-new-year\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:JD.com;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">JD.com<\/a> this month rolled out similar initiatives ahead of the Lunar New Year break. Alibaba owns the South China Morning Post.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START --><a href=\"https:\/\/www.scmp.com\/topics\/social-media\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Social media;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Social media<\/a> and <a href=\"https:\/\/www.scmp.com\/topics\/video-gaming\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:video-gaming;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">video-gaming<\/a> giant Tencent has doubled down on WeChat&#8217;s e-commerce business since last year.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->In August, WeChat renamed its e-commerce operation &#8211; which enables online retail operators to set up a store for free on the platform &#8211; to WeChat Mini Shop, which also provides increased traffic and transaction support.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Tencent&#8217;s latest quarterly earnings report said that update was designed to create a standardised and trustworthy e-commerce platform. It said WeChat&#8217;s social interaction, content platform and payment capabilities can help online retailers effectively reach more consumers and drive sales.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->This article originally appeared in the <a href=\"http:\/\/www.scmp.com?utm_medium=partner&amp;utm_campaign=contentexchange&amp;utm_source=YahooFinance\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:South China Morning Post (SCMP);elm:context_link;itc:0;sec:content-canvas\" class=\"link \">South China Morning Post (SCMP)<\/a>, the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the <a href=\"https:\/\/go.onelink.me\/3586748601?pid=3rdpartycontentexchange\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:SCMP app;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">SCMP app<\/a> or visit the SCMP&#8217;s <a href=\"https:\/\/www.facebook.com\/scmp\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Facebook;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Facebook<\/a> and <a href=\"https:\/\/twitter.com\/SCMPnews\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Twitter;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Twitter<\/a> pages. Copyright \u00a9 2025 South China Morning Post Publishers Ltd. All rights reserved.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Copyright (c) 2025. South China Morning Post Publishers Ltd. All rights reserved.<!-- HTML_TAG_END --><\/p>\n<\/div><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><a href=\"https:\/\/finance.yahoo.com\/news\/chinas-super-app-wechat-bolsters-093000744.html\" target=\"_blank\" rel=\"noopener nofollow\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tencent Holdings-owned WeChat, the super app known as Weixin in China, is burnishing its e-commerce credentials on the mainland, thanks to a<br \/><button class=\"read-more\"><a href=\"https:\/\/newssprinters.com\/index.php\/world\/chinas-super-app-wechat-bolsters-e-commerce-credentials-via-gift-giving-feature\/23\/01\/2025\/\">Read More &rsaquo;<\/a><\/button><\/p>\n","protected":false},"author":1,"featured_media":41735,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/41733"}],"collection":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/comments?post=41733"}],"version-history":[{"count":0,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/41733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media\/41735"}],"wp:attachment":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media?parent=41733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/categories?post=41733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/tags?post=41733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}