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Chinese shoppers eye overseas sales

Chinese shoppers eye overseas sales

Jordan szdingrun company 2014-11-27 19:41:12

The growth of China's middle class and the development and expansion of cross-border e-commerce is making the upcoming US holiday sales season look like another online shopping extravaganza, similar to China's Singles Day. 

Single's Day, the brainchild of Alibaba has helped the company clear $9.34 billion in sales volume this past Nov 11. Coupled with the record breaking US IPO, Alibaba CEO Jack Ma has shown that the world is now "flat" thanks to online shopping. 

China's e-commerce sector has attracted global attention for its sheer size and huge market potential. Its online retail volume increased by 41 percent year-on-year to 1.85 trillion yuan ($301.5 billion) in 2013, making China the world's largest e-retailing market, according to the Ministry of Commerce. 

The above news was reproduced by microfiber towel supplier in China Shenzhen City Dingrun Light Textile Import and Export Corp.Ltd, a company specialized in producing baby diapers,baby bibs,blankets,beach towels,compressed towels,microfiber towels,bathrobe,etc