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Chinese consumers accelerate shift toward online shopping: Fitch
Chinese consumers have accelerated their shift toward online shopping because of measures to curb the spread of COVID-19 and fears of infection, according to a report by Fitch Ratings.
Discover China: JD.com sees robust sales in mid-year shopping spree
Chinese e-commerce giant JD.com posted strong sales growth in a mid-year shopping festival that ended on Thursday, grossing a record high 269.2 billion yuan (about 38 billion U.S. dollars) in online orders.
Alibaba's Tmall kicks off mid-year shopping festival
Alibaba's online marketplace Tmall kicked off its annual "618" (June 18) online shopping festival on Monday, with pre-sales during the first hour surging 515 percent year-on-year, reported the Xinhua-run China Securities Journal.
Gov't-initiated online shopping festival sees sales top 25 bln USD
China's recent online shopping festival, initiated by several government departments, saw sales hit 182.51 billion yuan (about 25.72 billion U.S. dollars), an official with the Ministry of Commerce (MOC) said on Thursday.
China Lianyungang e-commerce development conference and first 518 online shopping festival to be held on May 18
China Lianyungang e-commerce development conference and the first 518 online shopping festival will be held in Lianyungang city, east China's Jiangsu Province on May 18.
Online shopping boosts consumption in China amid epidemic
Affected by the COVID-19 epidemic, many Chinese consumers turn to online shopping when staying indoors, boosting stay-at-home economy, live-streaming e-commerce and cloud shopping that reflect the new trends in China's consumer market.
China Focus: Online consumption picks up as coronavirus epidemic levels off
Online orders for non-epidemic prevention products have been on the rise in China as novel coronavirus epidemic levels off.
China Focus: China online sellers see robust sales in mid-year shopping spree
Major Chinese online shopping platforms have posted strong sales growth in a mid-year shopping festival that underlines robust consumer spending in the world's second-largest economy.
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