Definition: Replica is a duplicate, copy of original but not original. In business & trade, replica is a duplicate of original copyrighted brand; normally produced by small & medium sized enterprises (SME’s). China is known to be a country of largest replica manufacturers.
Branded Products
It takes years and plenty of efforts to build a brand. Numerous brands appeared in last century throughout the world. Each brand with its own characteristics is unique on its own. Through understanding of human psychology, companies have succeeded in associating quality attributes with their products which is the essence of all brands. We normally not inspect every time we buy a branded product because we know beforehand what we are going to buy.
Why is Replica Industry growing?
Small and medium sized enterprises mostly in China are producing replicas; helping environment to be contaminated by low quality replica products in our everyday life. Some buyers due to lack of knowledge buy replica products and some deliberately buy them as they are darn cheaper than the original/branded products.
So far I haven’t seen many happy faces especially in electronics industry. Apparel and fashion replicas might have a little better score. Since everyone doesn’t have access to original brands, replica products are quite famous in developing countries as they are scarcely available in open markets.
Famous Replica Brands
Famous products in replica industry are replica shoes, replica watches, replica clothes and replica electronics products. These products are easily available on internet on nearly all famous b2b websites.
B2B Directories are a major source for Replica Products
The most effective channel for promoting replica products is through online b2b directories. Since it is not easy to sell replica products due to restrictions, they pay handsome amount to online b2b directories that promote these products on their websites. Not only this they assign trust points and give them prominent listings on their relevant products display pages for better exposure and inquiries. Replica products manufacturers can be easily found on famous b2b directories including Alibaba, Made-in-China, Tradekey, ECPlaza, EC21 and GlobalSources.
Top Replica Industries - Replica - A permanent Damage to Brand - Part 2
Alibaba.com, a well-known Chinese B2B directory, bought back 2 million shares in the company on Feb. 18, which makes the total amount of shares it bought back amounted to 10 million within three days from Feb. 16 to Feb. 18, sources reported.
According to statistics released by the Hong Kong Stock Exchange (HKEx), the company bought back the 2 million shares at prices ranging from HK$7.38 to HK$7.5 a share.
Last November, the directorate of the company agreed to repurchase shares worth up to HK$2 billion (RMB 1.76 billion) by the end of 2009.
Shares of Alibaba fell 2.82% to close at HK$7.25 on Thursday
Wang Guanxiong, former marketing director of Alibaba Group's Zhejiang-based software subsidiary Alisoft, has been appointed the new marketing director of Kingdee's (268.HK) e-commerce and Software as a Service (SaaS) platform Youshang.com, reports Sohu. Wang said he was returning to Shenzhen, where Kingdee is headquartered, to take care of his family and had no further comment.
Wang previously worked at Kingdee for three years as marketing director of its Apusic business, and he joined Alisoft one day before Alibaba Group's business-to-business subsidiary Alibaba.com (1688.HK) listed on the Hong Kong Stock Exchange on November 6, 2007, said the report. Kingdee released Youshang.com on November 28, 2007.
According to latest stats of import & export, China still in decline for the third straight month in January 2009 . Imports volume eased 43.1 percent to US51.34 billion while exports volume decreased 17.5 percent year-on-year to US$90.45 billion.
The total included US$27.93 billion in trade between China and the European Union, down 18.7 percent; 22.25 billion dollars in trade between China and the United States, down 15.2 percent; and US$14.5 in trade between China and Japan, down 28 percent.
Alibaba's online payment tool Alipay recorded 60% growth year-on-year in transaction volume during the roughly 20 days of the traditional 2009 Spring Festival holiday, with Alibaba's consumer-focused e-commerce site Taobao.com accounting for 50% of the total, said the DoNews report. Beijing-based payment provider YeePay boosted transaction volume five-fold year-on-year during Spring Festival, the report said.
Tencent's (700.HK) consumer-to-consumer e-commerce site Paipai saw Spring Festival transaction volume rise 170% year-on-year, and the number of transactions on the site climbed 188% during the period, reports qq.com quoting PaiPai source. Transactions of Paipai's recharging card grew 368% year-on-year during the Festival, while sales of game and handset recharging cards on Paipai.com jumped 85% and 150% from the year-ago period, said the report.
BEIJING, Feb 4 (Reuters) - JPMorgan said on Wednesday it began coverage of Alibaba <1688.hk> with a "neutral" rating because the top Chinese e-commerce firm was expected to emerge even stronger when the economy bottoms out.
The U.S bank expects Alibaba to grab more market share thanks to returns and margin leverage from current marketing activities, as well as a more diversified revenue base.
"With 6.1 billion yuan ($893 million) and no debt, Alibaba has a strong defence to survive a recession, and we believe its business could rebound sharply in an economic recovery," JPMorgan said in a research note.
However, short-term risk still exists as Chinese exporters will remain cautious about marketing costs in a challenging global business environment, despite measures taken by the Chinese government to bolster the economy, JPMorgan noted. It set a price target for Alibaba of HK$5.30, implying a 10 percent downside from Tuesday' closing price.
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