Posted 3/31/2024, 4:02:00 AM
China's Online Retail Sales Grow Over 15% in Early 2024, Boosted by Ski Gear and Holiday Spending
- China's online retail sales totaled $303 billion in first 2 months of 2024, up 15.3% year-on-year
- Online sales of physical goods rose 14.4% to $1.82 trillion, 22.4% of total retail sales
- Ice-and-snow-related sales up over 50% year-on-year during Spring Festival holiday
- Ski equipment sales on e-commerce platforms soared over 50%
- Steady growth seen in China's online retail sales to start 2024
