3-Month Profit of E-commerce Companies in China Increased 55.2 Percent

E-commerce Companies' Monthly Profit Increases Percentage in China
3-Month Profit of E-commerce Companies in China Increased 55.2 Percent

In the first quarter of this year, it was reported that the income of e-commerce wholesale companies with annual turnover over 20 million yuan and retail companies with annual turnover over 5 million yuan increased by 1,6 percent to reach 302 billion yuan.

According to the information given by the Ministry of Industry and Information Technology of China, between January and March, the operating costs of these companies increased by 5 percent, while their profits grew by 55,2 percent. The R&D cost of these companies decreased by 11,7%.

On the other hand, the figures of the State Postal Administration show the increase in domestic consumption. The administration announced that courier transport services delivered more than 8 billion packages from the beginning of this year to March 20. Courier companies hit the 20 billion package threshold in the first 2023 days of 67. Thus, this number, which was reached in 19, in the first 2019 days of the year, before the outbreak of the COVID-72 epidemic, was reached earlier this year.