Qingdao registers strong e-commerce growth
3 years, 4 months ago

Qingdao registers strong e-commerce growth

China Daily  

The e-commerce sector in Qingdao, Shandong province posted a strong growth momentum in the first half of this year, said the Qingdao Bureau of Commerce. Official statistics show that from January to June, the city's online retail sales reached 73.47 billion yuan, accounting for 30.3 percent of the province's total and up 20.2 percent year-on-year. The promotion During the 2021 online Lunar New Year's Shopping Festival, which began on Jan 20 and lasted 30 days, the city generated 16 billion yuan in online retail sales, up 12.3 percent year-on-year. During the "618" online shopping festival, the city's online retail sales reached 12.86 billion yuan, up 12 percent year-on-year. According to the Qingdao Bureau of Commerce, Qingdao has launched a slew of measures and policies to facilitate the development of new business forms and online marketing models such as live-streaming e-commerce and social e-commerce.

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History of this topic

Quzhou's online sales reach $402m during Singles Day
1 month, 1 week ago

Quzhou's online sales reach $402m during Singles Day

China Daily  

chinadaily.com.cn| Updated :2024-11-15 The intelligent sorting system in Quzhou, Zhejiang province. The data revealed on Nov 12 that Quzhou achieved 2.91 billion yuan in online retail sales during this year's Singles Day shopping season, a 2.5-percent increase from last year. Livestreaming e-commerce also played a significant role, with Kecheng district, Jiangshan county-level city, and Longyou county emerging as the top …

Xiamen's online retail sales reach $4.93b on Double 11, ranking first in Fujian
1 month, 1 week ago

Xiamen's online retail sales reach $4.93b on Double 11, ranking first in Fujian

China Daily  

During the recent Double 11 shopping festival, Xiamen's e-commerce sector performed exceptionally well, maintaining its lead in Fujian province with record-high online retail sales. Xiamen's online retail sales reached 35.64 billion yuan, a year-on-year increase of 6.6 percent and accounting for 37 percent of the province’s total online retail sales. Xiamen is home to 626 companies with online retail sales …

Chinese e-commerce firms report growth in sales, shoppers for Singles’ Day shopping festival
1 month, 1 week ago

Chinese e-commerce firms report growth in sales, shoppers for Singles’ Day shopping festival

Associated Press  

HONG KONG — China’s e-commerce firms reported an increase in the number of shoppers and a growth in sales for this year’s Singles’ Day shopping festival, although final figures were not publicly revealed. Rival online retailer JD.com said Tuesday the number of shoppers for its Singles’ Day promotion period grew 20% and that it achieved “double-digit growth” in transaction volume …

Cross-border e-commerce growing in China
1 month, 1 week ago

Cross-border e-commerce growing in China

China Daily  

Having worked as a tech reporter for about a decade, I have witnessed firsthand the rapid growth of China's cross-border e-commerce platforms and how the country's consumers have shown increasing demand for premium imported and foreign-branded products in recent years. According to a report from Chinese e-commerce platform JD's Consumption and Industry Development Research Institute, imported brands, including mobile phones, …

Double Eleven Presale Soars, With Li Jiaqi's Livestreams Driving Record-Breaking Sales
2 months ago

Double Eleven Presale Soars, With Li Jiaqi's Livestreams Driving Record-Breaking Sales

China Daily  

Top-tier livestreaming sales host Li Jiaqi achieved significant sales success during China's Double Eleven shopping frenzy, with his livestreaming sessions generating over 20 percent more purchases than last year. The surge in online retail sales is attributed to a combination of favorable economic factors, government policies, and the popularity of livestreaming among Chinese consumers.

Qingdao sees GDP surge to 797.87 b yuan in H1
4 months, 3 weeks ago

Qingdao sees GDP surge to 797.87 b yuan in H1

China Daily  

Qingdao's GDP surpasses 797.87 billion yuan in the first half of the year. On July 24, the municipal bureau of statistics in Qingdao released the city's GDP for the first half of the year, which reached 797.87 billion yuan, representing 5.8 percent year-on-year growth. During the January to June period, Qingdao saw total retail sales of consumer goods reaching 292.55 …

Quzhou's e-commerce growth crosses borders
5 months ago

Quzhou's e-commerce growth crosses borders

China Daily  

ezhejiang.gov.cn| Updated :2024-07-19 According to data from Quzhou Customs, from January to May, Quzhou's total import and export value reached 30.43 billion yuan, a 12.6 percent increase year-on-year. An authority with the Quzhou bureau of commerce attributed the rapid growth of cross-border e-commerce to sustained market growth with increasing bilateral cooperation and the emergence of new markets. Last year, Quzhou's …

Qingdao once again included on list of China's new first-tier cities
6 months, 2 weeks ago

Qingdao once again included on list of China's new first-tier cities

China Daily  

Qingdao in East China's Shandong province is included on the list of China's new first-tier cities. Qingdao in East China's Shandong province has been included on the list of China's new first-tier cities for nine consecutive years, news portal Yicai reported on May 30. The 15 new first-tier cities in 2024 in terms of their degree of attractiveness are: Chengdu, …

双语新闻播报（June 4）
6 months, 2 weeks ago

双语新闻播报（June 4）

China Daily  

> China's online retail sales up 11.5% in January-April period 商务部：今年前4月全国网上零售额同比增长11.5% A staff member sells summer oranges via live broadcasts at a digital e-commerce center in Zigui county, Yichang, Hubei province on Aug 4, 2023. China's online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed …

【双语财讯】商务部：今年前4月全国网上零售额同比增长11.5%
7 months ago

【双语财讯】商务部：今年前4月全国网上零售额同比增长11.5%

China Daily  

据商务部介绍，2024年1至4月，我国电子商务保持较快增速，全国网上零售额4.41万亿元，同比增长11.5%。 A staff member sells summer oranges via live broadcasts at a digital e-commerce center in Zigui county, Yichang, Hubei province on Aug 4, 2023. China's online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed on Tuesday. 5月21日发布的官方数据显示，今年1至4月，我国网络零售实现稳步增长，网络消费新增长点持续发力。 The country's online retail sales rose 11.5 …

【双语财讯】商务部：今年前4月全国网上零售额同比增长11.5%
7 months ago

【双语财讯】商务部：今年前4月全国网上零售额同比增长11.5%

China Daily  

据商务部介绍，2024年1至4月，我国电子商务保持较快增速，全国网上零售额4.41万亿元，同比增长11.5%。 A staff member sells summer oranges via live broadcasts at a digital e-commerce center in Zigui county, Yichang, Hubei province on Aug 4, 2023. China's online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed on Tuesday. 5月21日发布的官方数据显示，今年1至4月，我国网络零售实现稳步增长，网络消费新增长点持续发力。 The country's online retail sales rose 11.5 …

【双语财讯】商务部：今年前4月全国网上零售额同比增长11.5%
7 months ago

【双语财讯】商务部：今年前4月全国网上零售额同比增长11.5%

China Daily  

据商务部介绍，2024年1至4月，我国电子商务保持较快增速，全国网上零售额4.41万亿元，同比增长11.5%。 A staff member sells summer oranges via live broadcasts at a digital e-commerce center in Zigui county, Yichang, Hubei province on Aug 4, 2023. China's online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed on Tuesday. 5月21日发布的官方数据显示，今年1至4月，我国网络零售实现稳步增长，网络消费新增长点持续发力。 The country's online retail sales rose 11.5 …

China's online retail sales up 11.5% in January-April period
7 months ago

China's online retail sales up 11.5% in January-April period

China Daily  

A staff member sells summer oranges via live broadcasts at a digital e-commerce center in Zigui county, Yichang, Hubei province on Aug 4, 2023. BEIJING - China's online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed on Tuesday. The country's online retail sales rose 11.5 …

China's online retail sales up 11.5% in January-April period
7 months ago

China's online retail sales up 11.5% in January-April period

China Daily  

Xinhua| Updated :2024-05-23 A staff member sells summer oranges via live broadcasts at a digital e-commerce center in Zigui county, Yichang, Hubei province on Aug 4, 2023. BEIJING - China's online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed on Tuesday. The country's online retail …

Quzhou economy sees steady growth Jan-April
7 months ago

Quzhou economy sees steady growth Jan-April

China Daily  

chinadaily.com.cn| Updated :2024-05-22 Quzhou in Zhejiang province experienced steady economic growth from January to April, with the added value of large-scale industries amounting to 19.87 billion yuan, a year-on-year increase of 12.2 percent, according to statistics released on May 21. Emerging industries, meanwhile, led the growth, with high-tech industries, high-end equipment manufacturing, core industries of the digital economy, and strategic …

Role of digitalization in business grows
7 months, 1 week ago

Role of digitalization in business grows

China Daily  

SHI YU/CHINA DAILY China has set out a detailed action plan aimed at amplifying the integration of digital technologies in business practices nationwide by 2026, in a significant move to spearhead the digital transformation of its commercial sectors and drive the nation's opening-up. It also stressed the need to deepen international cooperation in digital commerce by expanding cooperation channels and …

Qingdao's GDP up 5.9 percent in Q1
7 months, 3 weeks ago

Qingdao's GDP up 5.9 percent in Q1

China Daily  

Qingdao's GDP reaches 374.35 billion yuan in the first quarter of this year, a year-on-year increase of 5.9 percent. Qingdao's GDP reached 374.35 billion yuan in the first quarter of this year, a year-on-year increase of 5.9 percent, official statistics showed on April 25. The total retail sales of consumer goods in the city reached 139.56 billion yuan in the …

Qingdao boosts tourism during Spring Festival holiday
10 months ago

Qingdao boosts tourism during Spring Festival holiday

China Daily  

Qingdao monitored 70 A-level scenic spots that received a combined of 3.76 million visitors during the Spring Festival holiday from Feb 10 to 17, marking a 118.83 percent year-on-year increase, with operating revenue reaching 84.96 million yuan, a 43.54 percent year-on-year increase. Throughout the city, 57 monitored star-rated hotels saw a 35.43 percent bed occupancy rate, an increase of 6.41 …

E-commerce thrives in Taizhou in 2023
10 months, 3 weeks ago

E-commerce thrives in Taizhou in 2023

China Daily  

Taizhou, located in East China's Zhejiang province, processed 1.48 billion parcels in 2023, a 6.07 percent year-on-year increase. According to data released by the National Postal Administration, Taizhou's express delivery volume catapulted the city into the top 50 nationwide, securing the 21st position. Official figures unveiled that Taizhou's online retail sales reached 146.43 billion yuan in 2023, representing a yearly …

Qingdao's consumer spending expected to exceed 600b yuan in 2023
11 months ago

Qingdao's consumer spending expected to exceed 600b yuan in 2023

China Daily  

The total consumer spending of the coastal city of Qingdao in Shandong province is expected to surpass 600 billion yuan in 2023. The total consumer spending of the coastal city of Qingdao in Shandong province is expected to surpass 600 billion yuan in 2023, according to statistics released by the city's commerce bureau. In the first three quarters of 2023, …

E-commerce progress high on agenda
1 year, 3 months ago

E-commerce progress high on agenda

China Daily  

Livestreaming hosts promote sales at the ongoing 2023 China International Fair for Trade in Services in Beijing. More measures are in the pipeline to boost development of e-commerce, which plays a vital role in driving growth of the real economy, promoting trade and boosting capital flows, officials and experts said. Speaking during the China E-commerce Convention, a sub-forum at the …

Qingdao facilitates modern commerce and trade industry
1 year, 6 months ago

Qingdao facilitates modern commerce and trade industry

China Daily  

In the eastern coastal city of Qingdao, Shandong province, the modern commerce and trade industry has experienced significant growth since the start of the year. According to the Qingdao municipal bureau of commerce, 13 projects related to the modern commerce and trade industry were signed in the city from January to May, involving a total investment of about 35.9 billion …

Chinese online shoppers are enticed by deep discounts, payment plans as zest for spending lags
1 year, 6 months ago

Chinese online shoppers are enticed by deep discounts, payment plans as zest for spending lags

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chinese shoppers were treated to …

China's online retail sales log rapid expansion in Q1
1 year, 8 months ago

China's online retail sales log rapid expansion in Q1

China Daily  

A woman from Guizhou's Dong ethnic group sells handmade rabbit toys via a livestream in Congjiang county, Guizhou province on Jan 25, 2023. BEIJING -- China's online retail market registered robust growth in the first quarter of this year, data from the Ministry of Commerce showed on Friday. Specifically, sales of gold, silver and jewelry soared 28.1 percent year-on-year, and …

Qingdao cross-border e-commerce hits 62.7b yuan in 2022
1 year, 10 months ago

Qingdao cross-border e-commerce hits 62.7b yuan in 2022

China Daily  

Qingdao's trade of cross-border e-commerce in 2022 doubled the figure of 2021, reaching 62.7 billion yuan and accounting for 6.9 percent of the city's total foreign trade volume. The service center of Qingdao Cross-border E-commerce Comprehensive Pilot Zone The West Coast New Area, Chengyang, Jiaozhou, Jimo and other districts and county-level cities in Qingdao are encouraged to improve the cross-border …

Qingdao cross-border e-commerce hits 62.7b yuan in 2022
1 year, 10 months ago

Qingdao cross-border e-commerce hits 62.7b yuan in 2022

China Daily  

Qingdao's trade of cross-border e-commerce in 2022 doubled the figure of 2021, reaching 62.7 billion yuan and accounting for 6.9 percent of the city's total foreign trade volume. The service center of Qingdao Cross-border E-commerce Comprehensive Pilot Zone The West Coast New Area, Chengyang, Jiaozhou, Jimo and other districts and county-level cities in Qingdao are encouraged to improve the cross-border …

Qingdao ranks 13th among China's 100 cities for digital economy
2 years, 1 month ago

Qingdao ranks 13th among China's 100 cities for digital economy

China Daily  

Qingdao boasts a vibrant economy. CCID Consulting, a market research firm, recently released the 2022 China Digital Economy Development Research Report and the list of China's top 100 cities in terms of the development of their digital economies. Data shows that the scale of China's digital economy soared from 11 trillion yuan in 2012 to 45.5 trillion yuan in 2021, …

China e-Commerce market ready for Canadian business
2 years, 3 months ago

China e-Commerce market ready for Canadian business

China Daily  

As China continues to rebound from COVID-19, the demand for Canadian-branded products is strong when they sell to the Chinese market through e-commerce platforms. Nicole Lin, business development country manager of Alibaba Group in Canada, said their services support Canadian brands and companies selling to China through cross border e-commerce. "As the world's largest e- commerce retail market, China's annual …

Qingdao sees GDP rise 3.7% in H1
2 years, 4 months ago

Qingdao sees GDP rise 3.7% in H1

China Daily  

Qingdao city in Shandong province saw its gross domestic product grow 3.7 percent year-on-year in the first half of 2022, hitting 707.04 billion yuan, according to local statistics authorities. The added value of the primary, secondary and tertiary industries was 22.36 billion yuan, 243.16 billion yuan, and 441.52 billion yuan, respectively, representing a year-on-year growth of 2.4 percent, 1.5 percent, …

Xiamen tops online retail sales in Fujian during shopping festival
2 years, 6 months ago

Xiamen tops online retail sales in Fujian during shopping festival

China Daily  

Statistics showed that during the 618 shopping festival, which was from June 1 to 20, Xiamen in Fujian province generated 17.69 billion yuan in online retail sales, an increase of 12.3 percent year-on-year, which was 6.6 percentage points and 3.6 percentage points higher than the provincial and national averages, respectively. Of which, the online retail sales of physical goods reached …

Qingdao Multinationals Summit gets calendar dates
2 years, 6 months ago

Qingdao Multinationals Summit gets calendar dates

China Daily  

Qingdao, Shandong province The third Qingdao Multinationals Summit will be held in Qingdao, East China's Shandong province from June 20 to 21, the Ministry of Commerce announced on June 8. The summit will bring together senior executives from multinational companies, government officials, economists, representatives from international organizations, foreign embassies and consulates in China and global business associations, Vice-Minister of Commerce …

Online retail booms in Qingdao
2 years, 7 months ago

Online retail booms in Qingdao

China Daily  

In the first four months of this year, the online retail sales of Qingdao, Shandong province totaled 55.75 billion yuan, accounting for 33.1 percent of the provincial total, which is an increase of 29.3 percent year-on-year, according to statistics from the Qingdao municipal bureau of commerce. A poster for an online sales event in Qingdao To meet residents' expanding consumption …

Online retail sales surpass 50b yuan in Q1
2 years, 8 months ago

Online retail sales surpass 50b yuan in Q1

China Daily  

A woman promotes clothes via livestreaming in Ningbo, East China's Zhejiang province. Online retail sales in Ningbo, East China's Zhejiang province expanded 9.9 percent year-on-year to 50.94 billion yuan in the first quarter of the year, official data showed. The top three goods sold online from the city from January to March are digital products, clothing, shoes and bags as …

Qingdao cross-border e-commerce pilot zone performs well in assessment
2 years, 8 months ago

Qingdao cross-border e-commerce pilot zone performs well in assessment

China Daily  

Qingdao, Shandong province The Qingdao cross-border e-commerce pilot zone performed well in the Ministry of Commerce's assessment of cross-border e-commerce comprehensive pilot zones for 2021. In the first level, there were 10 cross-border e-commerce pilot zones identified, including the one in Qingdao. The Ministry of Commerce completed a thorough inspection and evaluation of the first five batches of 105 comprehensive …

Digital economy injects impetus into Shandong's development
2 years, 9 months ago

Digital economy injects impetus into Shandong's development

China Daily  

The digital economy has become an important engine to promote the upgrading and transformation of traditional industries and the high-quality development of the regional economy in Shandong province. Jin Ding/China Daily According to statistics released by the Shandong Provincial Big Data Bureau last year, the revenue of Shandong's information technology industry exceeded 1.2 trillion yuan. The vigorous development of the …

Digital economy soars in Qingdao
2 years, 9 months ago

Digital economy soars in Qingdao

China Daily  

According to local media, the coastal city of Qingdao in Shandong province has been driving the development of the digital economy since the 12th CPC Qingdao Municipal Congress to explore new growth drivers and development paths by researching new technologies, new business forms, and new models. The digital economy development in Qingdao has taken the lead in Shandong province. According …

Qingdao FTZ sees boom in cross-border e-commerce
2 years, 10 months ago

Qingdao FTZ sees boom in cross-border e-commerce

China Daily  

The Qingdao Area of China Pilot Free Trade Zone has launched a slew of measures to boost the growth of cross-border e-commerce and other new business forms as well as foster new drivers of foreign trade. Last year, the import and export volume of cross-border e-commerce in the Qingdao FTZ exceeded 10 billion yuan, up nearly 200 percent year-on-year. Utilizing …

Qingdao FTZ sees boom in cross-border e-commerce
2 years, 10 months ago

Qingdao FTZ sees boom in cross-border e-commerce

China Daily  

The Qingdao Area of China Pilot Free Trade Zone has launched a slew of measures to boost the growth of cross-border e-commerce and other new business forms as well as foster new drivers of foreign trade. Last year, the import and export volume of cross-border e-commerce in the Qingdao FTZ exceeded 10 billion yuan, up nearly 200 percent year-on-year. Utilizing …

Quzhou's retail sales gain in Jan-Sept
3 years, 1 month ago

Quzhou's retail sales gain in Jan-Sept

China Daily  

chinadaily.com.cn| Updated :2021-11-21 From January to September, total retail sales in Quzhou city – located in East China's Zhejiang province – came in at 58.94 billion yuan, an increase of 14.6 percent year-on-year, according to the latest statistics from the Quzhou municipal bureau of commerce. During the period, the city's wholesale, retail, accommodation, as well as restaurant and catering industries …

Qingdao sees stable economic growth in Jan-Oct
3 years, 1 month ago

Qingdao sees stable economic growth in Jan-Oct

China Daily  

The economic development of the eastern coastal city of Qingdao, Shandong province maintained its momentum in the first 10 months of this year, according to official statistics. Qingdao Port in Shandong province The city's industrial production continued to recover during this period, with the added value of industrial enterprises above designated size increasing by 10 percent year-on-year and posting a …

Digitalization boosts e-commerce development in Quzhou
3 years, 2 months ago

Digitalization boosts e-commerce development in Quzhou

China Daily  

chinadaily.com.cn| Updated :2021-10-18 From January to August, retail sales from e-commerce in Quzhou city – located in East China's Zhejiang province – came in at 29.07 billion yuan, according to the latest statistics of the Quzhou municipal bureau of commerce. One individual star player is reportedly Mediabook Holding Co Ltd, which has been dubbed the leading performer among e-commerce enterprises …

Digitalization boosts e-commerce development in Quzhou
3 years, 2 months ago

Digitalization boosts e-commerce development in Quzhou

China Daily  

chinadaily.com.cn| Updated :2021-10-18 From January to August, retail sales from e-commerce in Quzhou city – located in East China's Zhejiang province – came in at 29.07 billion yuan, according to the latest statistics of the Quzhou municipal bureau of commerce. One individual star player is reportedly Mediabook Holding Co Ltd, which has been dubbed the leading performer among e-commerce enterprises …

Fujian's consumption reaches new high in H1
3 years, 4 months ago

Fujian's consumption reaches new high in H1

China Daily  

chinadaily.com.cn | Updated: 2021-08-04 A bird's-eye view of Fuzhou, capital of Fujian province. The total retail sales of consumer goods in Fujian province hit 1.02 trillion yuan in the January-June period in 2021, a cumulative increase of 17.9 percent, according to the provincial department of commerce. From January to June, the retail sales of commodities hit 928.22 billion yuan, a …

Qingdao FTZ sees robust foreign trade growth in first 4 months
3 years, 6 months ago

Qingdao FTZ sees robust foreign trade growth in first 4 months

China Daily  

The Qingdao Area of the China Pilot Free Trade Zone saw robust growth in foreign trade in the first four months of 2021, according to the local business bureau. Actual use of foreign investment in the Qingdao free trade zone increased six-fold over the same period last year to $440 million, accounting for 21.3 percent of the city's total. The …

Qingdao FTZ sees robust foreign trade growth in first 4 months
3 years, 6 months ago

Qingdao FTZ sees robust foreign trade growth in first 4 months

China Daily  

The Qingdao Area of the China Pilot Free Trade Zone saw robust growth in foreign trade in the first four months of 2021, according to the local business bureau. Actual use of foreign investment in the Qingdao free trade zone increased six-fold over the same period last year to $440 million, accounting for 21.3 percent of the city's total. The …

Qingdao sees 18% GDP growth in Q1
3 years, 7 months ago

Qingdao sees 18% GDP growth in Q1

China Daily  

A view of Qingdao, Shandong province. Qingdao, Shandong province posted 18 percent GDP growth year-on-year in the first quarter of 2021, amounting to 303.74 billion yuan, seeing a steady economic recovery, the local government reported on April 26. From January to February, the city's industrial enterprises above designated size brought in 8.55 billion yuan in profits, a 2.2-fold year-on-year increase …

Qingdao to launch 10m yuan coupons to boost consumption during holiday
3 years, 10 months ago

Qingdao to launch 10m yuan coupons to boost consumption during holiday

China Daily  

The eastern coastal city of Qingdao, Shandong province will distribute 10 million yuan in consumption coupons from Feb 11 to 28 through the UnionPay app as part of its efforts to encourage people to stay put during this year's Spring Festival holiday to prevent the spread of COVID-19 and boost consumption during the holiday. Locals and migrant workers who spend …

Zhejiang's online retail sales up 13.3% in Jan-Nov
3 years, 11 months ago

Zhejiang's online retail sales up 13.3% in Jan-Nov

China Daily  

By Ma Zhenhuan in Hangzhou| chinadaily.com.cn| Updated :2020-12-31 A worker delivers packages at a logistics center owned by Ningbo Peacebird Fashion Co Ltd, in Ningbo, East China's Zhejiang province, on Nov 10, 2020. Zhejiang province, an e-commerce heartland and foreign trade hub in East China, reported a robust increase in online retail sales in the first 11 months of this …

Chinese shoppers spend over $100 billion in shopping fest
4 years, 1 month ago

Chinese shoppers spend over $100 billion in shopping fest

The Hindu  

Chinese consumers spent over a hundred billion dollars during this year’s Singles’ Day shopping festival, signaling a rebound in consumption as China recovers from the coronavirus pandemic and a battering of the economy. From November 1 to November 11, shoppers spent 498.2 billion yuan on Taobao and Tmall, the e-commerce platforms operated by Alibaba, China’s largest e-commerce company. The annual …

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