N, ris­ing con­sump­tion

Global Times US Edition - - BIZOVE -

mported goods’ units surged 156 ed with 2016, ac­port re­leased over head of the open- e plat­forms are be an im­por­tant h which Chi­nese pur­chase im­por­tom also said in a on Tues­day. , the num­ber of D.com sold on its 8 was 150 per­cent 2016. half of 2018, the in terms of sales nes, com­put­ers, an­ces, baby prod- ucts and dig­i­tal prod­ucts.

“Com­pared with for­eign on­line re­tail­ers, Chi­nese com­peti­tors have an over­whelm­ing edge in lo­gis­tics ef­fi­ciency and ser­vices,” Zhong Ming, a se­nior ex­ec­u­tive at Philips, was quoted as say­ing in the re­port.

Do­mes­tic e-re­tail­ers can lever­age their ad­van­tage in big data based on users’ shop­ping habits and those shop­pers’ search his­to­ries to rec­om­mend prod­ucts, Bai noted.

This move would fur­ther drive up mar­ket de­mand and prompt con­sump­tion up­grad­ing, the ex­pert said.

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