E-commerce boosts Beijing’s Spring Festival sales
Online sales helped boost consumption in Beijing over Spring Festival to its highest level in five years, according to the Municipal Commission of Commerce.
Peng Feng, an official with the commission, said 120 major enterprises that it monitors in the commerce and service sectors had recorded a total revenue of $680 million (4.68 billion yuan) during the annual Spring Festival holiday from Jan 27 to Feb 2, equating to 9.8-percent year-on-year growth.
Online retailers, such as JD.com and Suning, have played a key role in this growth, as they stayed open during the holidays and offered promotions, Peng said.
Sales increased at malls, which achieved their first growth in three years, and sales at supermarkets and convenience stores increased by more than 10 percent.