JD.com, one of China’s leading supply chain-based technology and service providers, has delivered a solid set of financial results for the third quarter of 2024. The company reported strong growth across key business areas, underpinned by its expanding ecosystem, innovative initiatives, and enhanced operational efficiency. Steady Revenue Growth Amid a Competitive Landscape In the three […]
rural area
China’s online retail sales exceeded 7 trillion RMB in the first half of 2024
The National Bureau of Statistics (NBS) of China has released data indicating a significant increase in online retail sales in the first half of 2024. The total online retail sales reached 7.0991 trillion RMB (US$981 billion), marking a 9.8% year-on-year growth.
China’s Retail Witnesses 7.2% Growth in 2023
In a remarkable close to 2023, China’s total retail sales of consumer goods soared to 4,355.0 billion yuan in December, marking a 7.4% year-on-year increase.
17 million more marriageable men than women in China
Double Eleven is not only a shopping festival but also known as Singles Day in China. There are “30 million singles” in China. Is this really the case? In fact, there are 17.52 million more men of marriageable age than women according to the National Bureau of Statistics (NBS).
China online retail market overview 2021
In 2020, China’s online retail sales reached 11.76 trillion yuan (US$1.82 trillion), with a year-on-year growth of 10.9%. The online retail sales of physical goods reached 9.76 trillion yuan, with a year-on-year growth of 14.8%, accounting for nearly a quarter of the total retail sales of consumer goods. The eastern region accounted for 84.5% of […]
China’s retail sales grew by 8% in 2019; online up 16.5%
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%.
China GDP overview for the first half of 2019
The gross domestic product (GDP) of China was 45,093.3 billion yuan (US$6,565.68 billion) in the first half of 2019, a year-on-year increase of 6.3% at comparable prices according to the preliminary estimates of National Bureau of Statistics of China. The year-on-year GDP growth for the first quarter was 6.4 percent, and 6.2% for the second […]
China retail market overview for Q1 2019; online grew by 15%, 23% of total
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.
China’s population growth and birth rate reached a shocking low in 2018
By the end of 2018, the total population of mainland China was 1,395.38 million (including the population of 31 provinces, autonomous regions and municipalities, and servicemen in CPLA and excluding residents in Hong Kong SAR, Macao SAR, and Taiwan). China’s population grew by an increase of 5.30 million in 2018, the slowest since 1961.
China retail market overview 2018; rural areas grew by 10.1%, online retail up 24%
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 […]
China GDP overview for Q3 2018
The gross domestic product (GDP) of China was 65,089.9 billion yuan (US$9,368.51 bn) in the first three quarters of 2018, a year-on-year increase of 6.7% at comparable prices, according to the preliminary estimates of National Bureau of Statistics of China.
China retail market up 9.2% to US$462B in Sep 2018; online up 27%
In September 2018, the total retail sales of consumer goods reached 3,200.5 billion yuan (US$461.81 bn) in China, up by 9.2% year-on-year (nominal growth rate), according to National Bureau of Statistics of China. The retail sales of consumer goods of units above-designated size reached 1,276.2 billion yuan (US$184.15 bn), increased by 5.7%.
China online retail exceeded US$593 bn in H1 2018, led by Tmall & JD
The transactions of the online retail market in China totaled US$593.18 bn in H1 2018, representing 22.7% of total retail sales. Meanwhile, the mobile shopping market in China saw US$397.83 trillion transactions. Tmall, Jingdong, and Pinduoduo led the B2C online retail market.
The Impact of Taobao Villages 2017
“Visit Taobao if you want to live a better life” The number of Taobao villages has grown from 3 in 2009 across 3 provinces to 2,118 in 2017 across 24 provinces. Most Taobao Villages are concentrated in east coastal areas; and, the top three provinces by total number of Taobao Villages are Zhejiang, Guangdong, Jiangsu, […]
China rural e-commerce report in H1 2017
According to the Report on China’s Rural E-Commerce Development (2016-2017), online retail sales in rural areas in the first half of 2017 totaled 537.6 billion yuan (US$81.0 billion), up 38.1% over the same period last year, a rate 4.9 percentage points higher than that in urban areas. Rural online sales now account for 17.3% of […]