China’s online retail sales reach 3.86 trillion yuan in the first five months
Posted On June 25, 2019
E-commerce is still a major driver of China’s consumption growth in 2019. This is evident in the latest China E-Commerce H1 Report released by the Chinese Academy of Social Sciences (CASS). China’s online retail sales hit 3.86 trillion yuan( about 562 billion U.S dollars) in the first five months, accounting for over one-fifth of the country’s total retail sales of consumer goods. The figure of e-commerce users continued to grow, as the country’s online shoppers totaled 610 million by December 2018 and 97 people out of 100 are using mobile phones to shop online, the CASS report showed.