The total retail sales of consumer goods in China reached 2,727.8 billion yuan (US$397.16 billion) in April 2017, up by 10.7% YoY (nominal growth rate). … [Read more...]
China Retail, Online Shopping Stats, Trends and Insights
Amazon global stores sales roar in China in Q1 2017
In the first quarter of 2017, the total sales in China at Amazon's overseas stores were 11 times as much as the same period two years ago. … [Read more...]
WeChat membership card guide and case study
WeChat membership cards are becoming increasingly popular in China among retailers and other businesses. Today, let's take a look at how Burger King benefited from adopting this strategy in their China stores. … [Read more...]
Alibaba key finance and business highlights in Q1 2017
Alibaba reported revenue growth of 60%, the highest growth rate since its IPO. They also reported very strong fiscal year revenue growth of 56% with annual non-GAAP free cash flow of approximately US$10 billion. … [Read more...]
Vipshop active customers grew by 32% YoY to 26 mn in Q1 2017
Vipshop's total net revenue for Q1 2017 increased by 31.1% to 15.95 billion yuan (US$2.32 billion) from 12.17 billion yuan in Q1 2016 according to the company's released financial results. … [Read more...]
A quick & easy retail solution on WeChat Mini-Program
WeChat recently upgraded a store management feature, originally part of WeChat Official Account, to Store Mini-Program. Retailers can use this type of mini-programs directly. It costs almost nothing and requires no programming knowledge although the capability of Retail Mini-Program is limited. … [Read more...]
JD.com GMV and annual active customers grew by over 40% in Q1 2017
Jingdong GMV for the first quarter of 2017 increased by 42% to 184.1 billion yuan (US$26.7 billion) from 129.3 billion yuan in Q1 2016. Annual active customer accounts increased by 40% to 236.5 million in the twelve months ended March 31, 2017, from 169.1 million in the twelve months ended March 31, 2016. … [Read more...]
China online retail hit US$204 bn in Q1 2017, 12.4% of total retail
The total retail sales of consumer goods in China reached 8,582.3 billion yuan (US$1,245.89 bn) in Q1 2017, a year-on-year rise of 10.0%, 0.4 percentage point less than the whole of last year. … [Read more...]
Top Australian vitamins brand enters China following e-commerce success
With the fast growth of cross-border retail e-commerce market and the increasing consumption strength in China, the Australian natural health brand Swisse announced its official entry into this market on 8 April 2017. … [Read more...]
Alibaba’s cross-border B2C platform AliExpress reached 100M buyers
A girl from Chile bought her father a watch as a gift at US$41.01 from Alibaba's retail platform AliExpress on 10 April 2017. What she did not know is that she is recorded by Alibaba as the 100 millionth customer. … [Read more...]
China online shopping market forecast 2017-2019
The total transactions of China's online shopping market totaled 4.7 trillion yuan (US$680 bn) in 2016 with an increase of 23.9%; and, it's estimated to reach 7.3 trillion yuan (US$1.06 trillion) in 2019. Tmall dominates China's B2C online shopping market with over 56% market share. … [Read more...]
China accounted for over half of cross-border online sales in Russia in 2016
Chinese websites accounted for 52% of total cross-border trading e-commerce transactions in Russia in 2016 according to Russia E-Commerce Association. … [Read more...]
China online retail grew by 31.9% to exceed US$124 bn in Jan & Feb 2017
In the first two months of 2017, the total retail sales of consumer goods in China reached RMB 5,796.0 billion (US$840.3 bn), up by 9.5% year-on-year (nominal growth rate. The real growth rate was 8.1%) according to National Bureau of Statistics of China. … [Read more...]
China’s online retailing market will grow to $1.7 trillion by 2020
China’s online retailing market will grow to $1.7 trillion by 2020 compared with $750 billion last year, according to a new report from Goldman Sachs. … [Read more...]
JD.com active customers increased by 46% to 227M in 2016
Jingdong annual active customer accounts increased by 46% to 226.6 million in 2016 from 155.0 million in 2015. Net revenues for 2016 were RMB260.2 billion (US$37.5 billion), an increase of 44% from 2015. … [Read more...]
Vipshop saw over 52 million active customers in 2016
The number of Vipshop active customers for Q4 2016 increased by 39% to 27.5 million. The number of active customers for the full year of 2016 increased by 42% to 52.1 million. … [Read more...]