Home / Knowledge / News / Apparel/Garments / Chinese e-com grows at traditional retailers' expense
Chinese e-com grows at traditional retailers' expense
14
Nov '16
The e-retail websites’ revenue in China grew from 52 million yuan in 2009 to 91.2 billion yuan in 2015, affecting traditional stores in the country. Retailers like Best Buy and Tesco have already pulled out of the market and Marks & Spencer recently joined the list when it shut 10 stores in the Chinese Mainland, resulting in 400 people losing their jobs.

Chinese e-commerce industry is looking at new ways to prosper, according to Xinhua. The rise of the online retailing platforms in the country such as Vipshop, JD and Alibaba is showcased during the Singles’ Day online shopping bonanza that is carried out on November 11 every year. Alibaba usually records high half-year or full-year sales in the month of November.

During the Singles’ Day sales this year, the State Administration for Industry and Commerce met with China’s 15 leading e-commerce companies to instruct them to keep widespread fraud at bay. The administration told the companies to keep a check on price fraud, unfair competition, false advertising, scalping and selling shoddy goods.

"E-Commerce should not develop like a campaign because the economy needs steady growth. Generally speaking, e-commerce has a positive impact on the real economy and national economic development. If it brings a negative impact, the investment-driven business mode should be blamed," said Zhang Li, an e-commerce expert with the ministry of commerce.

A huge amount of capital has been invested in the e-commerce sector of China. However, the pace of consumption has remained lower than expected, leading to price wars between e-retailers and affecting traditional stores.

E-commerce websites are working on making laws for the sector. A draft law has already been submitted to China’s top legislature. The companies are also integrating online and offline marketing and reflecting on the influence of Single’s Day on their inventories. Rationality is also being adopted by the sector as the companies abandon price wars. Intelligent logistics and cloud-based infrastructure has also been promoted by e-commerce in China. (KD)

Fibre2Fashion News Desk – China


Interviews View All

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

C. Dhandayuthapani, Mag Solvics Pvt. Ltd

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Deepak Mundra,

Deepak Mundra

Surat-based Madhusudan Group is a vertically integrated textile...

Fiorella Cattelan,

Fiorella Cattelan

With flexibility and versatility, Dettin strives to meet the specific...

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search