How can Alibaba change RT-Mart? Since Alibaba invested 22.4 billion yuan (US$3.43 billion) in the retail chain’s parent company, Sun Art Retail Group, the answer to this question has become much-anticipated. … [Read more...]
China's Retail, E-Commerce, Online Shopping Stats, Trends and Insights
Cross-border e-commerce startup Xiaohongshu reached 100 mn users in May 2018
China’s e-commerce startup Xiaohongshu, or "Little Red Book,” has raised US$300 million with a valuation in excess of US$3 billion on May 31, 2018. Alibaba led this financing round, some famous investors GSR Ventures, Tencent Investment, GGV Capital, Genesis Capital, Tiantu Capital, Zhen Fund, and K11 Adrian Cheng have also participated. … [Read more...]
[REPORT] China Shopping Behavior 2018; value growth of FMCG rebounded
![[REPORT] China Shopping Behavior 2018; value growth of FMCG rebounded](https://www.chinainternetwatch.com/wp-content/uploads/buy_button_-150x150.png)
For the first time since Kantar started tracking China’s shopping behaviors six years ago, the rate of total value growth increased over the previous year, from 3.6% in 2016 to 4.3% in 2017. In many ways, the "two-speed" phenomenon still exists, but higher speeds are now more prevalent, driven by premiumization. … [Read more...]
Short video becoming a major traffic driver for e-commerce in China
The age distribution of e-commerce users and short video users in China is quite similar. Users age 25 to 35 take the largest share. Such similarity makes it possible for short video marketing to promote e-commerce sales. … [Read more...]
Alibaba Tmall 618 in 2018; mid-year shopping promotion extended overseas
During "618", offline traffic increased by 30% over the week prior, with online orders also jumping by 20%. Another partner retailer, Beijing's Easyhome, a seller of furniture and home remodeling supplies, topped 100 million yuan (US$15.7 million) in sales by 1 pm on the first day of "618", while Alibaba's Fresh Hema saw sales increase to seven times what they were in the same … [Read more...]
Retail sales of consumer goods in China up 9.5% in May 2018
In May 2018, the total retail sales of consumer goods reached 3,035.9 billion yuan (US$471.46 bn), up by 8.5% year-on-year (nominal growth rate), according to National Bureau of Statistics of China. Of the total, the retail sales of consumer goods of units above designated size reached 1,147.7 billion yuan (US$178.23 bn), increased 5.5%. … [Read more...]
Google to invest $550 million in JD.com as part of a strategic partnership
Google and Jingdong will explore joint development of retail solutions to enable helpful, personalized and frictionless shopping experiences in several regions including Southeast Asia, the U.S., and Europe. JD.com is to join Google Shopping and offer a curated selection of high-quality products to consumers across multiple regions. … [Read more...]
Maternal & child e-commerce GMV in China grew by 54.3% in Q1 2018
Within the online retail B2C market, maternal and child sector saw a high growth of 54.3% in GMV to 63.48 billion yuan in Q1 2018. … [Read more...]
China online retail B2C market overview Q1 2018
The GMV of China's online retail B2C market totaled 952.85 billion yuan (US$148.18 billion) in Q1 2018, up by 32.2% from Q1 2017. … [Read more...]
[REPORT] China e-commerce market snapshot 2018
![[REPORT] China e-commerce market snapshot 2018](https://www.chinainternetwatch.com/wp-content/uploads/ONLINE-RETAIL-1-150x150.png)
The total GMV of China's online shopping market totaled 6.1 trillion yuan (US$953 billion) in 2017, rising 29.6% from a year earlier and showing a pick-up in growth, according to the latest data from iResearch. China’s B2C online shopping market totaled 3.6 trillion yuan in 2017 accounting for 60% of the overall online shopping market in China, an increase of 4.8 percentage … [Read more...]
Top cross-border import e-commerce platforms in China in Q1 2018
The retail sales of China’s cross-border import e-commerce down by 21.9% to 82.1 billion yuan (US$12.86 billion) from Q4 2017. Tmall Global remains in the top spot with a market share of 27.8% followed closely by NetEase Kaola. … [Read more...]
China’s online shopping grew by 29.6% to US$953 billion in 2017
China's online shopping GMV totaled 6.1 trillion yuan (US$953 billion) in 2017, rising 29.6% from a year earlier, showing a pick-up in growth, according to the latest report from iResearch. … [Read more...]
China’s FMCG sales growth decelerates in Q1 2018
China’s growth of FMCG sales is weaker in Q1 2018 compared with previous quarters, while new retail accelerates the online and offline integration. Kantar Worldpanel reports that the fast-moving consumer goods (FMCG) market in the first quarter of 2018 was relatively weak with value growing by just 2.3% in the latest 12 weeks compared to the same period in 2017. China’s GDP … [Read more...]
China’s cross-border e-commerce retailer Vipshop obtained over 56 mn active annual customers in Q1 2018
Vipshop, one of the top cross-border e-commerce retail platforms in China, had the net revenue of RMB19.9 billion (US$3.2 billion) in Q1 2018 according to its unaudited financial results, up 24.6% over Q1 2017, primarily driven by the improvement in the average revenue per customer. Gross profit grew by 8.5% year-on-year to RMB4.0 billion (US$639.2 million) from RMB3.7 billion … [Read more...]
China online retail sales exceeded US$403 bn Jan-Apr 2018, up 32.4% YoY
In April 2018, China's total retail sales of consumer goods reached 2,854.2 billion yuan (US$446.71 billion), up by 9.4% year-on-year (nominal growth rate), according to National Bureau of Statistics of China. Of the total, the retail sales of consumer goods of enterprises units above designated size reached 1,124.1 billion yuan (US$175.93 bn), with an increase of 7.8%. … [Read more...]
China’s cross-border e-commerce retail market forecast 2018-2021
China cross-border retail e-commerce sales are expected to exceed US$115 billion in 2018 with a growth rate of over 15% YoY and reach US$144 billion by 2021 according to data from Analysis. … [Read more...]