China’s online retail sales exceeds RMB9t

China’s online retail sales exceeded RMB9 trillion ($1.35 trillion) in 2018, the Chinese Ministry of Commerce said, reported Xinhua.

Online retail sales of tangible goods reached RMB7 trillion ($1.1 trillion), a year-on-year increase of 25.4 percent. It made up 45.2 percent of the total retail sales of consumer goods, an increase of 7.3 percent from last year.