Consumer Discretionary Jul 31, 2020 03:54 AM (GMT+8) · EqualOcean
According to an independent source, China Household Electrical Appliances Research Institute and National Household Electrical Appliances Industry Information Center jointly released the "2020 Semi-annual Report on China's Household Electrical Appliances Industry" through online live broadcast. The report pointed out that in the first half of 2020, the domestic appliance market retail sales totaled 336.52 billion CNY, a year-on-year decrease of 18.4%, a slower rate of decline. Benefiting from the advantages of online and offline full-scenario retail, Suning accounts for 23.9%, ranking first in all channels of home appliances. JD and Tmall received 17.2% and 10.3% of the market shares respectively, taking the second and third positions.

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