Data |Online retail sales value of TVs estimated to slump by 23.7%
Given the high inventory left by the lackluster Spring Festival campaign and the influence of covid-19, China’s TV sector is estimated to reach 20.87 million units by volume and 50.6 billion Yuan by value for the first half of 2020, down by 9.2% and 23.7% year-on-year respectively, according to the...
Read More →Home appliance industry into the era of Internet-based distribution amid covid-19
At a packed retailer meeting in August 2017, Leng Ling, then President of Aux Home Appliance, excitingly announced: “I invite all the retailers of Aux to join our transformation in the internet era. Let’s break the old distribution mode, and build a highly efficient vertical mode.” After that,...
Smart toilet industry in a predicament
The performance of smart toilet industry is confusing this year. With all eyes on healthcare amid coronavirus, smart toilet, a health-friendly product, surprisingly gets little attention. In fact, the sector fell in both sales value and volume for this year’s June 18 Shopping Festival which had...
Home appliance sales for June 18 shopping festival on JD.com
JD.com posted combined transaction value of 269.2 billion RMB for June 18 Shopping Festival 2020. On June 18 alone, the platform saw transaction value of TVs hit 100 million RMB in only 31 seconds, air conditioners 500 million RMB in only 2 minutes and refrigerators and washers 500 million RMB in...
New infrastructure will power the smartization of China’s home appliance industry
Covering new concepts including industrial network, artificial intelligence, Internet of Things (IoT), big data and 5G, new infrastructure has been written in government report 2020 at this year’s two sessions. In fact, China’s home appliance industry is no stranger to it. At the critical time...
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