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China’s E-Commerce Transaction Value Surges 20% in 2021

09/01/2022 | 07:15pm
(MT Newswires) -- The value of e-commerce transactions in China last year surged 19.6% year over year to 42.3 trillion yuan ($6.12 trillion), Xinhua News Agency reported Thursday, citing a report released by the Ministry of Commerce at the 2022 China E-commerce Convention.

In breakdown, e-commerce transactions for goods purchases reached 31.3 trillion yuan, while that of services hit 11 trillion yuan, according to the report.

China is looking to list another 14 e-commerce industrial parks across the country as e-commerce demonstration bases, bringing the total number to 155, the report said.

China’s biggest e-commerce players include Alibaba Group (HKG:9988), JD.com (HKG:9618), Suning.com (SHE:002024) and Meituan (HKG:3690).

MT Newswires 2022
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