China e-commerce boosted by shift to online shopping after coronavirus


Drivers for Meituan and Alibaba-owned en route to delivering items to customers in Guangzhou, China.

Arjun Kharpal | CNBC

China’s e-commerce and food delivery giants are reaping the benefits of an increasing number of consumers shopping online and businesses trying to digitize, trends accelerated by the coronavirus outbreak.

Chinese players have recently reported strong earnings for the second quarter as lockdown rules in the world’s second-largest economy relaxed. 

“Post COVID-19, the pace of digitization continues to accelerate and the shift from offline to online, in particular for individual shopping, is becoming a habit for consumers,” Jefferies said in a recent note discussing…


‘I tried walking more than 3 blocks, paying the price with chest pains and crippling fatigue’: One woman’s long recovery from COVID-19

Previous article

AstraZeneca stock climbs on reports Trump could fast-track COVID-19 vaccine

Next article

You may also like

Leave a Reply

Notify of

More in Retail