Small cities drive consumer boom
By Wang Zhuoqiong | China Daily | Updated: 2018-06-28 07:28
Report: Growth in online sales of FMCG products plateauing in major markets
Lower-tier cities are fast becoming the new growth drivers for online sales of fast-moving consumer goods (FMCG), with even tier-five cities driving consumption, a new industry report said.
Findings from Bain & Co and Kantar Worldpanel's seventh annual China Shopper Report show that first-tier cities in China still have the highest online penetration at 73 percent, but sales are reaching a plateau.
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