E-commerce a new engine for Tibet’s economy

By:en.tibetol.cn
update:April 11,2019

Apr. 11, 2019 -- A tourist pays with her mobile phone at the 4th Tibet Expo in 2018. [Photo by Zhang Wei]

Apr. 11, 2019 -- Tibet's e-commerce trade volume of goods and services reached 20.6 billion yuan in 2018, according to the Department of Commerce of Tibet Autonomous Region.

Online retail sales rose 137.7 percent to reach about 5.42 billion yuan, accounting for 9.1 percent of the total retail sales of consumer goods, up 4.7 percent year-on-year.

The express delivery industry has also been boosted by the booming e-commerce in Tibet, with the number of parcels handled increasing 27.9 percent year-on-year to 7.258 million last year.

Apr. 11, 2019 -- Tibet e-commerce technology incubation park. [File photo]

By the end of 2018, Tibet had more than 2,200 e-commerce enterprises, providing a wide range of services from transaction, logistics, payment, finance to marketing. 1,600 of them are registered in Lhasa city. The number of online businesses in Tibet has exceeded 30,000, with more than 16,000 employees engaged in the e-commerce industry.

E-commerce is increasingly driving consumption in Tibet and has become a new engine for Tibet's economy.

By: Zhang Shiyang