Costco sold 3 tons of Kirkland nuts and nearly 1.5 tons of dried cranberries in just three days on Tmall Global according to the leaked news online.
Costco Wholesale launched Tmall flagship store on Tmall Global reaching Chinese consumers directly with competitively priced food and healthcare products.
E-commerce’s rapid development in China has brought opportunities to international retailers such as Costco, Zara, Burberry and Estee Lauder after some lost their battles in China such as Best Buy.
Transactions generated from Chinese B2C online retailers reached RMB284.5 billion, 40.4% of China’s total online shopping transactions in Q2 2014.
