N, rising consumption
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.