Online sales revenue of luxury goods China 2019-2023

Published by
Yihan Ma,
Dec 20, 2024

In 2023, China's online luxury market generated 257.4 billion yuan in retail sales revenue. The market has seen rapid growth in the previous years. In 2023, it represented 42 percent of China's overall luxury market.

Online luxury consumption of Chinese consumers from 2019 to 2023 (in billion yuan)

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Release date

January 2024

Region

China

Survey time period

2019 to 2023

Supplementary notes

One yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of March 2024).

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