Online shopping picks up
CHINESE consumer spending of fast moving consumer goods grew just 2 percent in the first quarter from a year ago as traditional retail channels lost momentum while online shopping picked up, according to a latest study.
International retailers, which saw their combined market share drop 0.3 percentage points to 13.2 percent from a year ago, are showing signs of recovery, Kantar Worldpanel said in its quarterly report yesterday.
Spending on consumer goods via e-commerce channels surged 48.1 percent due to higher adoption of online purchasing and discounts offered by online retailers to woo buyers.
The fastest rise in e-commerce spending was in county-level cities after e-commerce firms tapped consumer demand and boosted logistics capabilities.
Sun-Art Group led with a 9.3 percent market share nationwide in the first quarter, up from 7.8 percent a year ago. It was followed by Vanguard Group’s 6.4 percent.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.