
If people were amazed but confused by the 35 billion yuan (5.75 billion U.S.dollars) the Chinese spent in a one-day online shopping spree last year, a new report from Alibaba can decode the mystery behind China's consumption and, possibly, tell more. Alipay, China's leading independent online payment platform and subsidiary to the e-commerce giant Alibaba, on Monday released its "2013 National Shopping Bill," in which it took stock of Chinese consumer spending last year. It is the second time Alipay has published such a report. Apart from the report, Alipay users received their personalized annual shopping bills via the company's mobile app, Alipay Wallet. What these bills tell us goes far beyond money, analysts said.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:06 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 16:17 2018 Monday ,12 November
Egypt working on 4-year plan to increase growth rateGMT 12:45 2018 Friday ,09 November
Egyptian agriculture products introduced to Japanese markeGMT 11:42 2018 Friday ,02 November
Turkey's new mega airport, boon for slowing economyGMT 13:42 2018 Monday ,29 October
Egypt's trade volume hits $67.63 bln over 9 monthsGMT 15:13 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 14:46 2018 Thursday ,11 October
Economy and energy dominate agenda in Russian-Slovak relationsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor