According to data from the National Bureau of Statistics, China's online retail sales of goods grew by 10.3% YoY in 2M26, Jefferies wrote in its report.Among physical goods categories, food and beverages increased by 20.7% YoY, apparel by 18%, and daily necessities by 4.7%. Online retail sales accounted for 24.2% of China's total retail sales.Related News Nomura Cuts KUAISHOU-W (01024.HK) TP to HKD51, Maintains Neutral
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