The growing popularity of e-commerce has now taken up competition even with traditional supermarkets, whose annual gross margins have posted annualized declines in China, according to the Party-run Beijing Youth Daily. The world’s largest retailers — Wal-Mart, Carrefour and Tesco — slowed down expansion in the mainland market by 27% in 2013, with all of them closing some of their respective branches. Wal-Mart shut down five, Carrefour two, and Tesco five…Full Article: WantChinaTimes Mar 2014
- Alibaba, the Hangzhou-based e-commerce business, stated that sales for its agricultural goods grew by 195% in 2013. Its best performers in this category were fruit, vegetables, and seafood.
- In January 2013, Tmall, a business to consumer e-commerce website that is operated by Alibaba, ran special promotion that sold American foods directly from US firms to Chinese consumers