Online retail sales in Zhejiang province, where Alibaba’s HQ is located, reached 535.1 billion yuan (US$79.3 billion) in the first half of 2017. Exports sold online to other provinces reached 20.3 billion yuan (US$3.0 billion) led by Jinhua and Hangzhou city. Apparel, shoes, and bags category is the top selling product category.
zhejiang
China’s ultra high net worth individuals grown to 1.34 million in 2016
The number of ultra high net worth individuals (UHNWI) in China reached 1.34 million, an additional 130,000 compared to 2015 as of May 2016 according to Hurun Research.
Geographic Insights on China Online Shopping 2015
Top 10 provinces with the highest average online shopping spends on Taobao are Shanghai, Zhejiang, Jiangsu, Fujian, Guangdong, Xinjiang, Sichuan, Tianjin, Beijing and Liaoning according to Taobao based on data from October 2014 to September 2015. Provinces with the lowest average spends are Gansu, Qinghai and Tibet.
Demographics of China E-Commerce Community on Weibo
The total number of fans of China e-commerce websites on Weibo reached 24 million by the end of July 2014, becoming a large online community for online retailers.
China’s Post-90s Favor Mobile Shopping
Mobile transaction occupied 20% of total on Double 11, and the transaction grew 560% compared to 2012. This was regarded as the omen of mobile shopping outbreak. Nearly half of post-90s used mobile phone to purchase on Double 11, 2013. It means that online shopping began to transfer from PC to mobile.
Yiwu B2B Online Transaction To Reach 5 Billion Yuan in 2013
Alibaba’s data showed that in the first half of 2013, Yiwu B2B online transaction reached 2.51 billion yuan (USD 410 million). It is expected to hit 5 billion yuan (USD 816 million) by the end of 2013. Yiwu, a city in the central area of Zhejiang province in China, is one of the most active […]
Over Half of Total iOS Devices in Beijing, Shanghai, Guangdong, Zhejiang & Jiangsu
Shanghai-based Stenvall Skoeld & Company calculated the iOS penetration rate (Apple’s iPhone and iPad, not including iPod touch) in all Chinese provinces and municipalities; and, their estimate puts the total number of iPhones and iPads in China at end of 2011 at 21 million active devices, distributed as shown above. More than half of all iOS devices […]