Online retail shipments gain traction in Tibet

Online retail sales in Southwest China’s Tibet autonomous region surged 58.5 percent year-on-year in 2018, the regional commerce department said. Online retail sales totaled 4.87 billion yuan ($720 million) last year, the department said. About 2.17 million people are using the internet frequently in Tibet, about two-thirds of the regional population. E-commerce is among a raft of measures Tibet has taken to boost employment and cast off poverty for herders and farmers. Its GDP in 2018 was estimated at more than 140 billion yuan, up about 10 percent from 2017. Nissan Motor Co said on Tuesday that owing to weaker international vehicle sales, it has lowered its net profit outlook for the business year ending March 31. The Yokohama-based automaker said it now projects a group net profit of 410 billion yen ($3.70 billion) for the business year ending next month. Nissan’s latest forecast was lower than the previous estimate of 500 billion yen of net profit.