Social E-commerce: The New Energy that Fosters Growth 2019-10-14 11:45:00.0-2019-10-14 12:25:00.0|2019-10-14 11:45:00.0

Theme elaboration

China’s online marketplace has rapidly evolved since the launch of Alibaba’s Taobao over a decade ago. The economy has settled into single digit growth, upper tier cities have become even more WOM responsive, and rural China more resourceful in self-learning and discovering brands. Established e-commerce platforms like JD.com & Taobao are facing increasing competition from new players such as Douyin, Pinduoduo and Little Red Book (Xiaohongshu). The pervasive influence of word of mouth and instant gratification has led to a rise in ‘casual shopping’ Influencer led recommendation are forcing China’s largest e-commerce platforms to find new ways to support brands’ DTC e-commerce presence. Traditional commerce frameworks and approaches are being challenged, and new brands are challenging established players.

Company profile

Ogilvy has been producing iconic, culture-changing marketing campaigns since the day its founder David Ogilvy opened up shop in 1948. Today, Ogilvy is an award-winning integrated creative network that makes brands matter for Fortune Global 500 companies as well as local businesses across 132 offices in 83 countries. The company creates experiences, design and communications that shape every aspect of a brand’s needs through six core capabilities: Brand Strategy, Advertising, Customer Engagement and Commerce, PR and Influence, Digital Transformation, and Partnerships. Ogilvy is a WPP company (NASDAQ: WWPGY). For more information, visit http://www.ogilvy.com/