emirates7 - China’s e-commerce industry experienced consistent growth in the first quarter of the year, supported by the government’s pro-consumption initiatives, according to a statement from the Ministry of Commerce on Monday.
As reported by People's Daily Online, official figures reveal that online retail sales reached 3.6 trillion yuan (approximately US$499.6 billion) during the period. Sales of physical goods online rose by 5.7 percent.
Additionally, the ministry noted a 7.4 percent rise in the online sales of digital products during the same timeframe.
As reported by People's Daily Online, official figures reveal that online retail sales reached 3.6 trillion yuan (approximately US$499.6 billion) during the period. Sales of physical goods online rose by 5.7 percent.
Additionally, the ministry noted a 7.4 percent rise in the online sales of digital products during the same timeframe.