Site鈥檚 sales nearly double
Print Edition
Shanghai-based online shopping site Yihaodian.com nearly doubled its sales from a year ago to 11.5 billion yuan (US$1.9 billion) in 2013 as it continues to expand categories of products.
The site also saw a surge in transactions from smartphones last year because more consumers shifted from personal computers. These transactions contributed 15 percent of the overall purchases online, up from only 6 percent in 2012.
The online vendor, in which US retailer Wal-Mart owns a controlling stake, offers more than 20,000 imported products from 70 countries and regions.
Yihaodian has seven operation hubs in the country and 200 dispatch centers in 40 cities.
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