The retail trade revenue of communication devices in China in October 2024 was more than 85 billion yuan. November of 2023 saw the highest revenue of the last years by sales amounting to over 83 billion yuan. The spike could be a result of Singles Day. It takes place on November 11 of every year, and on that day, online retailers offer large discounts on their products. For Double 11 of 2021, Alibaba reported sales totaling 314.6 billion yuan which was more than two times the value of Black Friday and Cyber Monday in the United States combined.
Retail trade revenue of communication devices in China from July 2020 to October 2024
(in billion yuan)
According to the source, figures for January and February have been grouped together to curb the influence of the Chinese New Year on the statistic. Chinese New Year falls between January and February .
One yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of December 2024).Â
According to the source, retail sales refer to the trade revenue of tangible goods not intended for business use traded from wholesale and retail companies to individuals or non producing social organizations. Figures include total revenues of the food and beverage service industry. During the survey, only wholesale companies with an annual revenue of 20 million yuan and above as well as retail companies with an annual revenue of five million yuan were questioned.
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National Bureau of Statistics of China. (December 17, 2024). Retail trade revenue of communication devices in China from July 2020 to October 2024 (in billion yuan) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/226907/trade-revenue-of-communication-devices-in-china-by-month/
National Bureau of Statistics of China. "Retail trade revenue of communication devices in China from July 2020 to October 2024 (in billion yuan)." Chart. December 17, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/226907/trade-revenue-of-communication-devices-in-china-by-month/
National Bureau of Statistics of China. (2024). Retail trade revenue of communication devices in China from July 2020 to October 2024 (in billion yuan). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/226907/trade-revenue-of-communication-devices-in-china-by-month/
National Bureau of Statistics of China. "Retail Trade Revenue of Communication Devices in China from July 2020 to October 2024 (in Billion Yuan)." Statista, Statista Inc., 17 Dec 2024, https://www.statista.com/statistics/226907/trade-revenue-of-communication-devices-in-china-by-month/
National Bureau of Statistics of China, Retail trade revenue of communication devices in China from July 2020 to October 2024 (in billion yuan) Statista, https://www.statista.com/statistics/226907/trade-revenue-of-communication-devices-in-china-by-month/ (last visited December 21, 2024)
Retail trade revenue of communication devices in China from July 2020 to October 2024 (in billion yuan) [Graph], National Bureau of Statistics of China, December 17, 2024. [Online]. Available: https://www.statista.com/statistics/226907/trade-revenue-of-communication-devices-in-china-by-month/
