circulation industry development, said online sales have become an important engine to stimulate domestic spending and i
mports. “Durable consumer goods with high-tech features and branded foreign products have huge commercial potential,” Zheng said.
Chinese e-commerce giant JD reported robust sales between Feb 3 and Friday, with sales revenue jumpi
ng 42.74 percent year-on-year. Smartphones, computers and home appliances were the top three items on JD in terms of sales value.
Chinese consumers tend to buy high-quality and diversified products, the comp
any said. Kitchenware sales posted the strongest growth — 399 percent year-on-year. That was followed by furniture and
luggage, with their respective sales revenue up 185 percent and 148 percent, JD reported.
China UnionPay, the country’s largest bank card operater by market share, saw its total transaction volume over the ho
liday period reach 1.16 trillion yuan, jumping 71.4 percent year-on-year, the company said on Monday.