s
Global EditionASIA 中文双语Français
Business
Home / Business / Macro

More Chinese small retailers open for business amid epidemic

Xinhua | Updated: 2020-02-19 16:14
Share
Share - WeChat
A consumer scans an Alipay QR code to pay for the order at a self-service restaurant in Hangzhou, Zhejiang province. [Photo/Xinhua]

BEIJING -- A growing number of China's small retailers are open for business as economic activities gradually resume amid the epidemic, data from digital payment platform Alipay showed.

Small stores having resumed operations increased by 25 percent on Monday over one week ago, while those in fast-moving consumer goods saw a 35-percent growth, according to Alipay, a popular mobile payment tool among stores across China.

South China's economic hub Shenzhen posted the largest growth in grassroots retail revival, followed by Changsha and Guangzhou.

Despite the novel coronavirus outbreak, 88 percent of 20,000 stores said they would not trim their employment this year and 38 percent might hire more people, according to a survey conducted by Alipay and Alibaba-backed Internet bank MYbank.

Over half of the respondents expected their 2020 revenue to top last year, the survey showed.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE