LINE

Text:AAAPrint
Economy

Social e-commerce on the rise in China

1
2021-09-29 10:33:12chinadaily.com.cn Editor : Zhao Li ECNS App Download
Special: 2021 World Internet Conference

A staff member livestreams via a mobile phone to sell potted plants at an agricultural demonstration park in Gengche township of Suqian city, East China's Jiangsu province, April 18, 2019. (Photo/Xinhua)

China's emerging social e-commerce is playing an increasingly important role in driving digital economic growth, a business executive said during the World Internet Conference Wuzhen Summit.

Deng Zhengping, CEO of Chinese social e-commerce platform Fenxiang, said social e-commerce has become a key part of the booming digital economy, which will help spur consumption upgrades, boost innovation and promote high-quality economic growth.

According to Deng, China has seen rising growth opportunities in new business models during the COVID-19 epidemic, and social e-commerce is among a wide range of new business models helping to inject new momentum into the economy.

Based on its merchant resources and JD.com's supply chain, Fenxiang selects global goods for users and mainly focus on community sharing. The company claimed its gross merchandise volume surpassed 10 billion yuan ($1.5 billion) in 2020.

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

LINE
Back to top About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2021 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
[网上传播视听节目许可证(0106168)] [京ICP证040655号]
[京公网安备 11010202009201号] [京ICP备05004340号-1]