Sales increase in Chinese online shopping giant Alibaba ‘nest gomori consumption’

Sales increase december 23 at 6:43 am by Chinese online mail order giant Alibaba “Nest Gomori Consumption”

Alibaba Group, China’s largest online mail order company, announced its financial results for the three months to March, and sales increased 22 percent from the same period of the previous year, as the so-called “nest-mori consumption” increased the online mail order business.
Alibaba Group, China’s largest online mail-order company, announced its financial results for the three months to March 22, with sales up 22 percent compared to the same period of the previous year, with more than 114.3 billion Yuan and More than 700 billion yen in Japanese yen.

In the so-called “nest morimori consumption”, and that the internet mail order business has increased, and the number of stores that enter the relay sales “live commerce” using the smartphone is the main factor.

Zhang Yu, chief executive of The Alibaba Group, stressed that “the new coronavirus is fundamentally changing the behavior of consumers and businesses, and digitization is the future.”

In addition, China’s “Wechat” and “Tencent”, which operates the smartphone payment business, also announced on March 13, with sales up 26% from the same period of the previous year to 108 billion yuan, and more than 1.6 trillion yen in Japanese yen.

This is mainly due to the use of online games and the increase in net advertising revenues, and major IT companies are performing well amid the sluggish Chinese economy.