Increase in sales at China's online shopping giant Alibaba's nest nest consumption 'at 6:43 pm on May 23
Alibaba Group, the largest online mail order company in China, announced its financial results for three months until March this year, and the online mail order business has expanded due to so-called "nest nest consumption", so sales from the same period of the previous year 22% increase.
Alibaba Group, China's largest online retailer, announced its financial results for the three months ending March this year on the 22nd, with sales increasing by 22% compared to the same period of the previous year, RMB114.3 billion, Japan It was over 1.7 trillion yen in yen.
The main reasons for this are so-called “birth nest consumption,” the expansion of online mail-order business and the succession of stores participating in “live commerce”, which is a relay sale using smartphones.
"The new coronavirus is fundamentally changing the behavior of consumers and companies, and digitization is the future trend," said Alibaba Group CEO Zhang Ying.
In addition, China's SNS "WeChat" and "Tencent" which operates smartphone payment business etc. were announced on this month 13th, this year's sales for the three months ended March sales at the same time as the previous year This was a 26% increase from the previous year, to RMB 108 billion, and the Japanese yen was over ¥ 1.6 trillion.
This is mainly due to the increase in income from online games and online advertising, and major IT companies are performing well while the Chinese economy is sluggish.