Industry information

White paper on China’s online high growth consumer market in 2020 From Magic mirror Market Intelligence

The following is the White paper on China’s online high growth consumer market in 2020 From Magic mirror Market Intelligence recommended by recordtrend.com. And this article belongs to the classification: Industry information.

At the beginning of 2020, we all thought it would be a very dark year. No one would have thought that at the end of 2020, we would see such a prosperous Chinese consumer goods market.

Especially in the online consumer goods market. In 2020, while the total retail sales of social consumer goods decreased by 3.9% on a year-on-year basis, the online retail sales of physical goods increased by 1235.1 billion yuan, an increase of 14.8% on a year-on-year basis.

The change of generations has also brought about the change of consumption trend. In the collision of new culture and new business, a large number of new trends have emerged, such as face value economy, egotism, living alone and so on. Through the screening of magic mirror market intelligence, the scale of 500 sub industries in 2020 will grow by more than 100% year on year.

Magic mirror Market Intelligence selects 24 high growth industries / concepts from 500 high growth industries and 200 high growth concepts, forming a heavy report to help Chinese investment institutions and brands better understand the market.

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