久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Macro

Shopping carnival features shift in demand

By FAN FEIFEI | China Daily | Updated: 2024-06-19 00:14
Share
Share - WeChat
A staff member collects goods at a JD bonded warehouse in Wenzhou, Zhejiang province, on Tuesday, during this year's June 18 shopping carnival. Amid the peak of June 18 promotion activities on e-commerce platforms, both online and offline enterprises and businesses have made every effort to secure sufficient supplies. LIU JILI/FOR CHINA DAILY

Chinese consumers have shown rising demand for homegrown products and intelligent electronic devices featuring innovative technologies during this year's June 18 shopping carnival, which experts said has played a vital role in stimulating consumers' purchasing appetite and promoting the recovery of consumption.

Major Chinese e-commerce platforms have adopted a more pragmatic and simpler approach by canceling presale campaigns this year, with a key focus on cost-effective commodities and livestreaming to bolster sales, they added.

Experts also called for more supportive measures to expand employment, increase residents' disposable incomes and boost spending on new energy vehicles and other big-ticket items, to further unleash consumers' purchasing potential.

Data from e-commerce giant JD, which initiated the midyear promotional event, showed that the number of shoppers buying domestic brands surged more than 40 percent year-on-year over the weekslong gala, which kicked off at 8 pm on May 31.

Young Chinese consumers increasingly opt for high-quality homegrown brands, with spending from the post-1990s and post-2000s generations accounting for more than 55 percent of the total sales of domestic brands, JD said. Sales of artificial intelligence-powered computers and smartphones via JD's online marketplaces soared 260 percent year-on-year in the first hour of the shopping festival.

According to Tmall, Alibaba's business-to-customer platform, more than 37,000 brands saw their sales double during the midyear promotional campaign, while turnover of domestic brands such as Midea, Huawei and Xiaomi exceeded 1 billion yuan ($138 million). Outdoor sporting goods, consumer electronic products and nutrition and healthcare commodities have witnessed robust growth during the shopping extravaganza.

Online retailer Vipshop said sales of cycling clothes rose 54 percent year-on-year, while those of outdoor jackets were up 35 percent and running shoes, 30 percent, during the promotional gala, while turnover of clothing that integrates traditional Chinese elements with contemporary styles surged threefold from a year earlier.

"Consumption has become a major driving force for China's economic growth, and the June 18 shopping festival is pivotal to stimulating consumers' purchasing appetite and shoring up the economy," said Wang Yun, a researcher with the Academy of Macroeconomic Research affiliated with the National Development and Reform Commission.

Jason Yu, general manager of Kantar Worldpanel China, a market research provider, said, "Price is a basic and core competitiveness for e-commerce platforms, as consumers are inclined to purchase premium products with high cost-effectiveness during the June 18 shopping festival."

Yu said domestic brands have stepped up investment in technological innovation, research and development, while improving the quality of products to cater to demand from value-conscious consumers.

Ray Hu, partner of business consulting at global consultancy EY, said that as Chinese consumers are now more aware of purchasing value, major platforms have adjusted their promotional strategies by canceling the presale mechanism, aiming to increase price transparency.

Offline retail has been integrated more into this year's online shopping festival than in previous years, said Hu.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 亚洲免费播放 | 最新亚洲精品国自产在线 | 另类视频区第一页 | 久久国产三级 | 黄色毛片国产 | 一个人看的免费观看日本视频www | 一级a毛片免费观看 | 天天爱天天做天天爽天天躁 | 黄色三区 | 久久久久久久亚洲精品一区 | 国产免费爱在线观看视频 | 99在线视频观看 | 国产精品久久国产三级国不卡顿 | 久草久草在线视频 | 国内精品久久久久久野外 | 黄免费看 | 国产成人美女福利在线观看 | 亚洲经典乱码在线播 | 国产伦精品一区二区三区免费 | 亚洲成人xxx| 欧美日韩一区二区三区免费不卡 | 国产三级久久久精品三级 | 国产欧美综合在线一区二区三区 | 国产精品黄页在线播放免费 | 一区二区三区四区在线播放 | 欧美激情视频一区二区免费 | 国产精品久久久久999 | 欧美一级二级三级视频 | 欧美成人影院在线观看三级 | 久久久久久久网站 | 成人午夜私人影院入口 | se94se欧美 | 在线はじめてのおるすばん | 国产精品久久久久久久久免费观看 | 精品视频一区二区三区免费 | 欧美一区二区在线观看 | 国产在线拍揄自揄视精品不卡 | 亚洲一区二区三区久久精品 | 亚洲va精品中文字幕动漫 | 国产精品久久久久久福利 | 亚洲欧美日韩一级特黄在线 |