Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

China’s Online Sales Rise 30% in Q1

JD.com delivery. Reuters

In the period from January to March, China’s online retail sales went up 29.9 percent year-on-year to 2.81 trillion yuan ($434.5 billion), according to data released by the country’s Ministry of Commerce.

Average first-quarter growth of online retail sales for the past two years stood at 13.5 percent, the data showed.

Last month, China’s National Bureau of Statistics released data showing China’s economy surged 18.3 percent in the first quarter of 2021, versus a year ago. Retail sales grew by 34.2 percent in March, year-on-year, representing a slight improvement from the 33.8 percent increase for January and February.


In This Article
Topics

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from China
Go inside the opaque giant that accounts for one-third of global luxury sales.
view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.