China's e-commerce logistics rebounded in November due to the annual online shopping spree in the same month, according to industrial data. The index tracking e-commerce logistics activities rose by 2.6 points over October to reach 113.5 points in November, according to the China Federation of Logistics and Purchasing and e-commerce giant JD.com.
Sub-indices showed improving overall e-commerce logistics demand, especially in rural areas, an official news agency reported.China's e-commerce logistics rebounded in November due to the annual online shopping spree in the same month, according to industrial data. The index tracking e-commerce logistics activities rose by 2.6 points over October to reach 113.5 points in November, according to the China Federation of Logistics and Purchasing and e-commerce giant JD.com.#
Analysts attributed the rebound to the strong online shopping orders growth around Singles' Day, which falls on November 11 each year when vendors drum up promotions to boost sales.
Official data showed that a total of 2.31 billion deliveries were handled during the November 11-16 period.
ALCHEMPro News Desk (DS)
marketing@alchempro.com
