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200+ Leading Merchants in Tmall's FMCG Sector Achieve DD Rev. Growth in Past 6 Mths
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BABA-W (09988.HK)(BABA.US)'s e-commerce platform Tmall released data showing that more than 200 leading merchants in its FMCG (Fast-Moving Consumer Goods) sector have achieved double-digit revenue growth over the past six months, indicating a recovery trend in the consumption market. During this period, over 500 new brands with sales exceeding ten million yuan posted a 40% YoY increment in transaction volume, and more than 1,000 new merchants with sales exceeding one million yuan experienced growth surpassing 40%. AASTOCKS Financial News Website: www.aastocks.com |
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