Total retail sales of consumer goods in China increased to US$1,457 billion in Q1 2019 and roughly 85.3% came from urban areas. Online retail sales of goods and services totaled US$333.45bn, representing 22.9% of the total.
bricks and mortar
Tmall Innovation Center is able to design and incubate products more precisely and efficiently based on data from 600 million consumers. It has successfully incubated over 300 new products covering more than 600 premium brands and also shortens the R&D cycle to 6 months. China’s internet giants are moving actively to offline. Alibaba, Tencent, and […]
The total retail sales in China is projected to exceed US$5.6trn in 2019, eclipsing that of the U.S. by around US$1,00 billion. The growth rate might fall from 8.5% in 2018 to 7.5%. Over 35% or US$2 trillion of that will come from online retail, as compared with 11% in the U.S., according to the […]
The roughly 3-year-old NetEast Yanxuan co-branded with Watsons to form a sub-brand as a brick-and-mortar retail store featured with life aesthetics. It launched in Pazhou Poly Plaza, Guangzhou on January 19, 2019. Yanxuan, one of NetEase’s e-commerce platform, focuses on select daily living products since 2016. It’s the first on the original design manufacturer (ODM) model. […]
In the whole year of 2018, the total retail sales of consumer goods amounted to 38,098.7 billion yuan (US$5,620.13 billion), up by 9.0% year-on-year (nominal growth rate), according to the National Bureau of Statistics of China. Of the total. The retail sales of consumer goods of units above-designated size reached 14,531.1 billion yuan (US$2,143.55 billion), with […]
The emerging e-commerce has a great impact on the traditional retail industry, which has slowed down its developing pace and started to arrange offline sales since 2017. Seamless integration of online and offline shopping has become a trend, more and more retailers think consumer experience and efficiency important. However, they need to know more about consumers in […]