Total sales by China’s e-commerce giant JD.com rose 10.3% over the 18 days to Sunday. Chinese shoppers purchased 379.3 billion yuan ($56.48 billion) of goods on JD’s platform. The 618 event is China’s second-largest shopping festival after Singles Day. All out deals by China’s internet business monster JD.com (9618. HK) rose 10.3% over the 18 … Read more
BEIJING — China’s e-commerce logistics sector reported moderate contraction in November, according to an industry survey jointly conducted by the China Federation of Logistics and Purchasing and e-commerce giant JD.com. The survey showed that the index tracking e-commerce logistics activities stood at 109.5 points in November, edging down 2 points from the previous month. The … Read more
BEIJING — China’s boosting e-commerce market is forecast to see sales volume of nearly 2 trillion U.S. dollars by 2025, said a report on digital megatrends released by FedEx Express. China, the world’s biggest e-commerce market, is embracing significant digitalization-related megatrends alongside its socio-economic growth, said the report. These megatrends of China’s e-commerce sector are … Read more
