China’s large retailers report slower growth in 2015
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China’s large retailers registered slower growth last year, with brick-and-mortar stores under continuous pressure due to booming e-commerce, a report showed Thursday.
The sales volume of the country’s top 100 retailers topped 4.13 trillion yuan ($613.6 billion) in 2015, up 22.4 percent year on year, down by 3.8 percentage points compared with 2014, according to a report released by China General Chamber of Commerce, a retail industrial guild and retail market data provider.
Among them, brick-and-mortar stores posted a continuous slowdown in growth, with sales only rising 3.2 percent year on year.
Chinese Internet giant Alibaba’s T-mall e-commerce platform was the top seller last year, followed by JD.com and Suning.com.
The report pointed out that foreign retailers saw their market share in China decrease further last year, with fewer foreign players making it into the top 100, and slower sales growth.
Questions & Answers
Q.Which retail segments experienced particularly slow growth during 2015?
Which retail segments experienced particularly slow growth during 2015?
Brick-and-mortar stores registered a continuous slowdown in growth, with their sales only increasing by 3.2 percent year on year. Foreign retailers also saw slower sales growth and a decrease in their market share.
Q.What was the total sales volume for China's top 100 retailers in 2015?
What was the total sales volume for China's top 100 retailers in 2015?
The top 100 retailers in China collectively achieved a sales volume of 4.13 trillion yuan, equivalent to $613.6 billion. This figure represented a 22.4 percent increase from the previous year.
Q.Which companies were identified as the leading e-commerce platforms in China last year?
Which companies were identified as the leading e-commerce platforms in China last year?
Chinese Internet giant Alibaba's T-mall e-commerce platform was the top seller in 2015. It was followed by JD.com and Suning.com, which also performed strongly in the e-commerce sector.
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