Recently, "People's Daily" published articles praising Tmall continuously, with the title of "Confidence Index Continued to Rise, Achieved High Growth Rate in the First October-New Consumption Drives China's Economy" and "Sailing Towards a Network Power", pointing out The total retail sales of consumer goods in China continue to rise, and the Chinese consumer confidence index continues to grow. Among them, Tmall’s role is inseparable. New retail and new consumption are successfully driving the Chinese economy and even the global economy.

"I don't want to take home when I buy too much stuff? Now, with the help of Tmall's new retail, shopping malls can already express delivery."

Yesterday, the People’s Daily once again titled "U.S. agricultural products competing for China’s e-commerce "High Speed ​​Rail", reporting that U.S. Snake Fruit and other agricultural products are sold to China through Tmall, which not only boosts China’s consumption upgrade, but also allows U.S. agricultural SMEs to win new opportunities .

According to data from the National Bureau of Statistics, from January to October this year, the country's total retail sales of consumer goods reached 29.7 trillion yuan, maintaining a high double-digit growth rate year-on-year. According to the latest report released by Nielsen, a world-renowned performance management company, China's consumer confidence index has grown for four consecutive quarters, setting a new high since the end of 2013; consumption willingness has reached the highest value since 2014.

Coincidentally, the sales of specialty stores and department stores monitored by the Ministry of Commerce increased by 6% and 1.6% year-on-year respectively, and the growth rate was 3.5 and 0.6% faster than the same period of the previous year. Even rural consumers who were inconvenient to buy things in the past are now You can easily "buy the world" on the e-commerce express.

According to the People’s Daily, this is the result of Tmall’s new retail helping traditional businesses achieve digital transformation, driving the recovery of physical stores, and promoting a comprehensive upgrade of China’s consumer quality.