China’s Top E-Commerce Site to Launch Product Searches Inside WeChat App

China’s Top E-Commerce Site to Launch Product Searches Inside WeChat App

Mar 7, 2013 at 12:20 PM by Steven Millward, in E-commerceMobileSocial Media

Taobao-search-on-WeChat-app

The new ‘Taobao Search’ account inside WeChat app.

The 300-plus million users of China-made messaging app WeChat can already use it for video calls, finding dates, or following brands and celebrities – and soon it will gain another aspect. China’s biggest e-commerce site, Taobao, is testing out a sort of e-commerce search engine insideWeChat. Once up and running, it’ll allow WeChat users to directly message Taobao on their phones by typing a kind of product that they’re looking for; then the app will respond with a link to the desired items.

Basically, it’s just an extension of the brands platform that WeChat already has in place, and which is used for social marketing by all kinds of stores and media outlets – from Starbucks to Chinese fashion magazines. All it requires is for Taobao to make use of WeChat’s brand platform to automate the text queries and auto-generate a relevant link. It’s pretty simple, but it helps users to search Taobao more easily than having to jump to a web browser or open up the actual Taobao app.

The ‘Taobao Search’ account is already on WeChat (add it by scouring for “tbsearch” within WeChat), but when we tested it out, the Taobao Search account didn’t respoond to my query about a Xiaomi phone (pictured above). Once this goes live, it will work as described. This is aimed at Chinese users, but there’s nothing to stop other companies implementing this kind of social searching in the popular messaging app.

According to Marbridge Daily, the Taobao Search account within WeChat will also show products for the sister site Tmall. Both are run by Alibaba Group.

Once the search function is working, all those product searches can be turned into mobile purchases in the normal way, by jumping into the Taobao app to complete the e-commerce purchase. This might boost the ratio of Taobao’s mobile purchases slightly – but mainly it looks to be a new and social avenue for searching for products.

Alibaba already has a dedicated product search engine in the form of eTao, which scours pretty much every online mall in China.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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