The total retail sales of consumer goods in China reached 3,197.3 billion yuan (US$447.91 billion) in May 2020, down by 2.8% year on year, registering a decline narrowed by 4.7 percentage points compared with that in April.
China Retail Market (Bricks and Mortar)
Check out historical data on China retail sales here.
China's retail market is undergoing digital transformation led by the top technology and e-commerce companies such as Alibaba, JD, and Tencent.
Top Chinese retailers based on Deloitte's Global Powers of Retailing 2020 report:
- JD.com (15) - e-commerce
- Suning (32) - Electronics Specialty
- A.S. Watson Group (49), HK - Drug Store/Pharmacy
- China Resources Vanguard Co., Ltd. (82) - Hypermarket/Supercenter/Superstore
- Vipshop (87) - e-commerce
- Dairy Farm International (89), HK - Supermarket
- Yonghui Superstores Co., Ltd. (106) - Hypermarket/Supercenter/Superstore
- Gome Retail Holdings Limited (109) - Electronics Specialty
- Chow Tai Fook Jewellery Group Limited (123), HK
- Shanghai Bailian Group Co., Ltd. (150) - Hypermarket/Supercenter/Superstore
- Alibaba Group Holding Limited/ New Retail (179), HK - Department store
- Wumart Holdings, Inc. (191) - supermarket
- Chongqing Department Store Co., Ltd. (250) - Department store
These 13 companies account for 4.3% of Top 250 revenues, with an average retail revenue of US$15,832 million.
China’s total retail sales of consumer goods reached 2,817.8 billion yuan (US$398.10 bn) in April 2020, down 7.5% year on year (the actual decline was 9.1%, after deducting the price factor, and the following are nominal growth except for special instructions), with the decrease of 8.3 percentage points over the previous month.
JD.com net revenues for Q1 2020 were 146.2 billion yuan (US$120.6 billion), an increase of 20.7% from Q1 2019, according to its unaudited financial results. JD.com’s annual active customer accounts increased by 24.8% to 387.4 million
China’s leading social e-commerce platform Pinduoduo (NASDAQ: PDD) announced on 19 April 2020 it will subscribe to US$200 million in convertible bonds (“CBs”) issued by household appliance and electronics retailer GOME Retail Holdings Limited (“GOME”) (HKEX: 493.HK) as part of a strategic partnership to bring more value-for-money merchandise to its 585.2 million users.
In Q1 2020, the total retail sales of consumer goods in China reached 7,858.0 billion yuan (US$1,110.14 billion), down by 19.0% year on year. The retail sales of consumer goods excluding automobiles reached 7,225.4 billion yuan, down 17.7%.
Kuangshi Technologies, or Megvii as China’s largest facial recognition developer, released FaceStyle beauty cloud solution to empower the beauty industry with AI technologies such as face recognition and human image processing. Through the online makeup trial SDK/API and offline makeup trial app solutions for brick-and-mortar stores, consumers can easily and virtually try out the makeup […]
In 2019, the total retail sales of consumer goods in China reached 41,164.9 billion yuan (US$6,010 bn), up by 8.0% year-on-year (nominal growth rate). The real growth rate was 6.0%. Of the total, the retail sales of consumer goods excluding automobiles reached 37,226.0 billion yuan, with an increase of 9.0%.
Total consumer goods retail sales in China reached 3,809.4 billion yuan (US$545.35 bn) in November 2019, increasing by 8.0% year-on-year (nominal growth rate. Real growth rate was 4.9 percent). Out of the total, consumer goods retail sales excluding automobiles hit 3,462.9 billion yuan, up 9.1%.
In October 2019, the total retail sales of consumer goods in China reached 3,810.4 billion yuan (US$542 billion), up by 7.2% year-on-year (nominal growth rate. The real growth rate was 4.9 percent) according to National Bureau of Statistics.
At the KFC V Mall, an order was placed with excitement. The price was pretty good! It’s 10 yuan lower with a 20 yuan coupon and 999 credit points than Taobao’s Juhuasuan. What’ so special about KFC V Mall? In the KFC V Mall, there are quite a few categories – household and kitchen, fresh […]
Millennial foodies in China are all familiar with “Cat’s Kitchen” (日食记). It is a popular food vlog that now has over 35 million subscribers with an average of 20 million views per episode. It first became popular following its hit video “Christmas Gingerbread Man” 5 years ago. Thanks to a rich storyline that focuses on […]
In the first half of 2019, the total retail sales of consumer goods reached 19,521.0 billion yuan (US$2,842.3 bn), up by 8.4% year on year, or 0.1 percentage point faster than that of the first quarter according to National Bureau of Statistics of China.
China’s market for fast-moving consumer goods (FMCG) for at-home consumption remained robust in 2018, despite general concerns about a slowdown. Total spending on FMCG rose 5.2%, a slight increase over last year’s 4.7% gain. Overall, the two-speed growth scenario Kantar identified in 2016 has continued to evolve, with home care and personal care categories growing […]
WeChat is testing a new traffic entrance, using payment pages to drive fans from their offline stores according to eBrun News.
After Haidilao’s tomato beef soup, CoCo’s sugar-free milk tea and Answer Tea’s fortune-telling tea, TikTok, the best-seller maker, helped another food product gain enormous Internet popularity – the “TikTok” half-baked cake bubble milk tea. This milk tea was designed by TikTok and Happy Lemon together. Oreo, half-baked cheese and chocolate crumbs are blended in the […]