May 20, 2016
Chinese e-commerce sales grew 27% last quarter
May 20, 2016
China's appetite for e-commerce continues to outweigh bricks-and-mortar, according to official sales figures for the first quarter this year.
Online sales in China increased 27.5%, accounting for approximately 11.1% of gross retail sales, according to the National Bureau of Statistics (NBS).
As a whole, retail sales grew 10.3% year-on-year, spurred on by urban consumers.
While city dwellers contributed to the bulk of retail sales last quarter, rural spending climbed the fastest over the three-month period, said the NBS.
By month, retail sales grew 10.1% in April, compared to 10.5% growth in March.
From January to April, the overall average consumer price increased 2.2% compared to the same period last year.
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