All Rights Reserved. Caixin China Biz Roundup: Christmas Special Part 2 — Caixin’s Reading List in 2020, Gallery: Chinese Get Into the Christmas Spirit, Update: China’s Central Economic Work Conference Vows No ‘Sudden Turns’, Weekend Long Read: After Taking Off for the Last 30 Years, China’s Flying Economy Is in Need of a Stabilizer, Cover Story: How Illegal Online Gambling Launders $153 Billion From China, ‘Vaccine Passport’ May Help International Travel Rebound, Beijing Reports First Confirmed Case of Covid-19 in 134 Days. China's online retail sales reached over 8 trillion yuan (about 1.19 trillion U.S. dollars) in the first three quarters, up 9.7% year on year, according to the Ministry of Commerce (MOC). The figure is 2.2 percentage points lower than the decrease that occurred during the first two months of the year. China’s rise as a global leader in ecommerce has been nothing less than stunning. Of that total, sales of physical goods were $1.03 trillion (7.00 trillion yuan), up by 25.40… The total scale of China’s live streaming e-commerce industry reached RMB 433.8 billion in 2019 and is expected to double by the end of 2020. China's online retail sales hit 5.15 trillion yuan in H1. The growth rate of online retail sales increased for four consecutive months, with this June seeing year-on-year growth of 18.6 percent, said Gao, adding that e-commerce continued to be an anchor stabilizing the consumption market, with its scale expanding and its role becoming more prominent. More than 4 million online sales promotion shows were livestreamed in the first quarter, the ministry said. As China staggers through its worst economic shock in modern history, retail sales have been especially hard hit, dropping 19 percent in the first quarter of 2020. ​China's online retail sales reached 5.15 trillion yuan (about 736.7 billion U.S. dollars) in the first half of 2020, up 7.3 percent year on year, according to the Ministry of Commerce (MOC). This was the fastest growth in retail trade since December last year, as consumption recovered further from the COVID-19 disruption. The online retail sales of physical goods were 6,647.7 … China, the world's second-largest economy, is actively embracing the burgeoning e-commerce sector, generating 4.82 trillion yuan ($683 billion) in online retail sales during the first six months of this year. E-commerce has shown strong vitality and resilience, and has played an important role in fighting COVID-19, ensuring the supply of materials, assisting in the resumption of work, and promoting the replenishment of consumption, said MOC spokesperson Gao Feng, at a press conference on Thursday. Sales … Online retail sales of physical goods grew by 15.8% during that time, the data showed. But, if you finish reading, you will get to know why importing from china … During a trip Monday to Northwest China’s Shaanxi province, President Xi Jinping praised agricultural e-commerce for its potential to alleviate rural poverty, the state-run Xinhua News Agency reported. Online sales of automobiles, furniture, clothing and shoes shrank over the same period. China's retail trade rose by 5.0 percent year-on-year in November 2020, after a 4.3 percent gain in October, and compared with market consensus of a 5.2% rise. Retail web sales totaled 7.18 trillion yuan ($1.149 trillion) in 2017, an increase of 32% from 5.43 billion yuan ($869 billion) in 2016, according to China’s Ministry of Commerce. Online retail sales in China totaled about $1.33 trillion (just over 9.00 trillion yuan) in 2018, an increase of 23.90% compared with 2017, according to the National Bureau of Statistics of China, a government agency. That means 35.3% of China’s retail sales occur online, by far the … China’s ecommerce market is even larger than the rest of the world combined, representing 55% of global online retail sales. Online sales of household necessities, kitchenware and fitness equipment grew by a combined 40% year-on-year in the first quarter. In the first three months, online retail sales of agriculture products surged by 31% year-on-year to about 93.7 billion yuan. The brand also launched the Air Max March Party in April, which was broadcast online on Tmall. Online retail in China makes up 20.7% of total retail sales… I believe many people heard of the long delivery times and high MOQs are a major barrier for looking to buy wholesale from China. China's online retail sales reached 5.15 trillion yuan (about 736.7 billion U.S. dollars) in the first half of 2020, up 7.3 percent year on year, according to the Ministry of Commerce (MOC). Livestreaming has grown to become a driving force in China’s e-commerce sector. Copyright © 2019 Caixin Global Limited. BEIJING, June 23 (Xinhua) -- China's online retail sales reached 3.86 trillion yuan (about 562 billion U.S. dollars) in the first five months, accounting for over one-fifth of the country's total retail sales … In 2019, China’s online retail sales reached 10,632.4 billion yuan (US$1,552 … By then, the … Chinese online retail sales in 2019 were $1,935 billion, more than three times larger than the US. Fresh food in particular, including meat, eggs and vegetables, stood out — with online sales up more than 70% year-on-year, the ministry said. Yet online sales of physical … In the first three quarters, the online retail sales in China reached 8,006.5 billion yuan, a year-on-year growth of 9.7%, 2.4 percentage points faster than that of the first half of this year. China's online retail sales reached 5.15 trillion yuan (about 736.7 billion U.S. dollars) in the first half of 2020, up 7.3 percent year on year, according to the Ministry of Commerce (MOC). E-commerce … That figure is up 20 percentage points from the end of February. Parcel delivery will get even faster. Growth of automobile sales … China’s online retail sales increased 17.8% year on year in the first four months of 2019, a significant deceleration compared with the 32.4% year-on-year jump in the same period last year, according to data from China’s National Bureau of Statistics.. 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