(Shehzad H. Qazi – Huffington Post)
Our second quarterly survey of businesses across China, conducted in May and June for the China Beige Book, highlights the phenomenal growth e-tailers are experiencing there. They report soaring sales, big revenue gains and rising sales prices. But not only are these businesses booming; online sellers are out-performing bricks-and-mortar retailers across the board.
These trends can’t be ignored by anyone interested in development – or in retail opportunities – as the world’s most populous nation shifts to a more consumer-focused economy. Retail in China is leapfrogging from traditional mom-and-pop stores to the internet age, as affluent and connected shoppers prefer the convenience of online shopping and seek out alternatives to lackluster local offerings. Read more here.