Chart of the Day: For China’s Online Sellers, Covid-19 Quarantines Have Been Great for Business

Caixin Global | Jan 21, 2021 at 9:10 PM
  • China’s online retail sales continued to grow last year, albeit at a slower pace, as quarantine measures during the Covid-19 epidemic boosted online shopping activity.
  • In 2020, online retail sales of physical goods in China rose 14.8% year-on-year to 9.8 trillion yuan ($1.5 trillion), down from 19.5% growth the previous year.
  • China is on track to take over the U.S. as the world’s largest retail market.