China is often a frontrunner when it comes to the adoption of digital trends. Mobile payments, for example, have long become omnipresent in the Chinese everyday shopping reality. Whereas in other parts of the world, a great part of consumers still prefer to pay with credit or debit cards or even with cash. 82% of Chinese internet users used online payments at least once in
Women in China shop online more frequently
The e-commerce in China is in many respects unique. It is not only the biggest e-commerce market in the world by a huge margin, it is also almost 2.5 times as big as the US e-commerce market. Chinese e-commerce also has a rather distinctive clientele, according to ecommerceDB. Compared to US online shoppers, for example, Chinese e-commerce clients are fairly young. 73% are 44
E-commerce share in total retail sales increases
The COVID-19 period was a lucrative one for online retail. Economists and analysts around the world agree and the reported sales figures of online retailers across the board back the assumption. It was not only e-commerce giants such as Amazon or Otto who broke growth and sales records. From online supermarkets over fashion online stores to niche players – selling products
Pinduoduo: 113% growth in 2019
Chinese e-commerce player Pinduoduo announced their financial results for 2019. The fast-growing technology platform is one of the leading Chinese e-commerce players. The company's turnover in 2019 grew 113% compared to 2018. 2019 results Pinduoduo noted a total turnover of RMB1,006.6 billion ($144.6 billion), compared to RMB471.6 billion in 2018. The large increase of
Nike: 20% of turnover comes from online sales
Footwear brand Nike sees a sharp increase in its online sales during this financial quarter. The online sales grew 36%. This means that online now accounts for 20% of all sales of the brand. Overall revenue increased by 5.1%, to $10.10 billion. Nike has yet to feel the full impact of the COVID-19 virus on its sales, which might influence future numbers. The brand is