Retail in Asia

In Tech

Transaction volume rises 73pc at China’s B2C sites

Transaction volume at China’s business to consumer (B2C) shopping sites in the first quarter grew 73 percent from a year ago to CNY81.9 billion (USD13b), an industry report said.

The market size added only 7.6 percent from the October-December period, down from a more than 20 percent average quarterly rise in previous quarters as a growing number of shopping sites ended sales promotions, Beijing-based Internet research house Analysys International said in a report on Thursday.
 

(Source: Shanghai Daily)