China e-commerce report 2019

Recently, the Ministry of Commerce released the China e-commerce report 2019. The report points out that the number of Internet users in China has exceeded 900 million, and the Internet penetration rate has reached 64.5%; the national e-commerce transaction volume has reached 34.81 trillion yuan, including 10.63 trillion yuan of online retail sales, a year-on-year increase of 16.5%; the online retail sales of physical goods are 8.52 trillion yuan, accounting for 20.7% of the total retail sales of consumer goods; and 51.2565 million people are engaged in e-commerce. In 2019, online retail accounts for 45.6% of the total retail salesRead More →

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