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China's online retail sales expand in first 2 months
A staff member sells summer oranges via live broadcasts at a digital e-commerce center in Zigui county, Yichang, Hubei province on Aug 4, 2023. [Photo/VCG]
BEIJING - China's online retail sales logged steady growth in the first two months of 2024, data from the Ministry of Commerce showed.
In the period, online retail sales totaled 2.15 trillion yuan ($303 billion), up 15.3 percent year-on-year, according to the data.
Online retail sales of physical goods nationwide rose 14.4 percent year-on-year to 1.82 trillion yuan, contributing 22.4 percent to China's total retail sales of consumer goods.
Ice-and-snow-related consumption gained steam during the Spring Festival holiday this year, with sales of ski equipment on key e-commerce platforms soaring by more than 50 percent year-on-year, the ministry said.
The World Internet Conference (WIC) was established as an international organization on July 12, 2022, headquartered in Beijing, China. It was jointly initiated by Global System for Mobile Communication Association (GSMA), National Computer Network Emergency Response Technical Team/Coordination Center of China (CNCERT), China Internet Network Information Center (CNNIC), Alibaba Group, Tencent, and Zhijiang Lab.
