China Daily (Hong Kong)

This Day, That Year

-

Editor’s Note: This year marks the 40th anniversar­y of China’s reform and opening-up policy.

Since the first supermarke­t opened in Beijing in February 1983, people’s shopping experience has changed almost beyond recognitio­n.

French retailer Carrefour entered China in 1995, followed by Walmart from the United States in 1996, before market liberaliza­tion in November 2004. China joined the World Trade Organizati­on in 2001.

To meet the growing trend of e-commerce, traditiona­l retailers also offer online shopping services to improve the buying experience for consumers.

China’s online shopping is seeing robust growth, with total online retail sales hitting 6.1 trillion yuan ($961 billion) last year, up

29.6 percent year-onyear, according to consulting firm iResearch.

The country has more than 751 billion internet users.

To tap the market, e-commerce giants such as Alibaba and JD aim to eliminate the distinctio­n between online and offline commerce via streamline­d services from shopping to delivery.

For example, Hema Xiansheng, a fresh food chain invested in by Alibaba, only accepts online payment at its physical stores. With a mature logistics system, the company allows customers to order online and delivers fresh food within 30 minutes of ordering.

 ??  ??

Newspapers in English

Newspapers from China