Monthly Archives: January 2024

China remains world’s largest online retail market for 11 years

China has remained the world’s largest online retail market for 11 consecutive years, the Ministry of Commerce (MOC) said Thursday.   China’s e-commerce transaction volume totaled 43.83 trillion yuan (about 6.17 trillion U.S. dollars) in 2022, up from 31.63 trillion yuan in 2018, MOC spokesperson Shu Jueting told a press conference.   Shu said that…

East Asia branded coffee shop market booms as China overtakes US by outlets

Project Café East Asia 2024, World Coffee Portal’s comprehensive analysis of the East Asian branded coffee shop market, reveals the total segment grew 24% by outlets over the last 12 months to reach 119,221 stores, with six of the largest 10 markets achieving double-digit outlet growth. Industry leaders surveyed across 18 East Asian markets broadly…