Tuesday, June 2, 2020

Netizens pack heavy wallets

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Employees work at an Alibaba Group warehouse on the outskirts of Hangzhou, Zhejiang province October 30, 2014. [Photo/Agencies]China’s online shoppers outspending those in US Chinese shoppers who make purchases online from US merchants are spending more than three times what US consumers are spending, according to new research from PayPal. The shoppers are customers who said that cross-border purchases made up at least 10 percent of their yearly online shopping transactions, said Daniel Jenkinson, head of research at PayPal, the electronic payment site. Chinese shoppers are increasingly buying their goods from US online merchants, with the draw being quality, authenticity and value, he said. PayPal, which spun off from eBay earlier this month, released new findings on Tuesday in partnership with Nielsen on Chinese cross-border buyers and their shopping behaviors

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Netizens pack heavy wallets

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