China's e-commerce transaction volume rose by 19.6% in 2021

Moreover, China will record 14 e-commerce industrial parks as e-commerce demonstration bases, making the total number of such bases: 155, according to various Chinese media reports.

“China's e-commerce sector ranks first in the world in terms of online retail market, online shoppers, digital express delivery business, and mobile payment scale,” said China’s vice minister of commerce Sheng Qiuping. Qiuping also noted that the country’s e-commerce sector has shown great flexibility since 2021 in spite of challenges.

The 2022 China E-commerce Convention is currently being held in Beijing, China.

Fibre2Fashion News Desk (NB)