China’s Online Retail Sales Reached ￥4.82 trillion in the First Half of 2019, A Year-on-Year Growth of 17.8%

Officials from Department of Electronic Commerce and Informatization said that China’s online retail sales reached ￥4.82 trillion in the first half of 2019, a year-on-year growth of 17.85 and an increase of 2.5 percentage point compared with Q1. Online sales of physical goods stood at ￥3.82 trillion, an increase of 21.6%，taking up 19.6% of social consumption retail and representing an increase of 1.4 percentage point compared with Q1. It accounted for 44.8% of social consumption retail growth, an increased of 3.6 percentage point compared with Q1