Business operations are fast returning to normalcy in China, with most of the companies having resumed normal production, e-commerce giant Alibaba Group Holding Ltd said in a new report released on Monday. Since February, over 30,000 people have set up virtual stores every day on Taobao, the country’s largest e-commerce site allowing individuals to sell goods to customers directly, the report said. The number of newly-opened online shops rose by 22 percent on a weekly basis, the company said. Guangdong, Zhejiang and Jiangsu provinces, where business activity is traditionally robust, are home to the highest numbers of newly-registered shop owners. Nearly 50 percent of the delivery staff have returned to work, the report said, with Guangdong boasting the highest rate for both parcel pickups and dispatches. Owing to novel coronavirus outbreak, people have been largely confined indoors with outdoor shopping largely reduced. On the other hand, online marketing and product displays have blossomed with livestreaming being adopted by catering companies, car dealerships and property consultancies. Volvo Cars rolled out a livestreaming show featuring its XC 40 car model on Feb 14, targeting young people who pursue fashion and safety in vehicles but are unable to have a touch-and-feel experience of… Read full this story
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