Latest News:  


Rise of e-commerce comes at a cost

(Global Times)

08:50, January 18, 2013

Alipay, the widely used online payment system owned by Alibaba Group, sent out individual buying reports on January 15 which listed how much users spent online over the past year.

In recent years, e-commerce has become a force to reckon with in China's emerging consumer market and the data released by Alipay offers an important glimpse into how spending behaviors are changing.

But, at the same time, we should all be aware of the problems China's booming online shopping market could pose for the real economy.

As has been well established, the proliferation of low-margin online stores in China has led to the shuttering of countless brick-and-mortar retailers nationwide. But when a physical store is closed for good, more is lost than money for its owners. The people who worked at that store have to find new jobs, putting pressure on the labor market. Moreover, the neighborhood where the store was located will also lose visitors, potentially bringing fewer clients to other nearby establishments.

The author is Liu Jingyao, a commentator.

We recommend:

Online turnover surpasses 1 trillion yuan in 2012

Jack Ma to step down as Alibaba CEO

FDI sees 1st decrease in 9 years amid slowdown

China helps drive Rolls to record year

Top Ten Economic Events in 2012

CIC seeks balanced portfolio


Leave your comment0 comments

  1. Name


Selections for you

  1. Confrontation drill in Yunnan province

  2. PLA army aviation brigade in flight training

  3. Brazilians protest old Indian Museum

  4. Heartbreaking farewell to hero schoolmaster

  5. Beijingers see first sunshine in seven days

  6. Cities surrounded by pollution

  7. Corruption curbs crimp luxury market

  8. Come and enjoy Yangge dance in ice and snow

  9. Experience the folk culture in NE China's snow house

  10. 'The Grandmaster' exceeds expectations

Most Popular


  1. Encircling China just Japan's wishful thinking
  2. Editorial: Prudence in urbanization
  3. Japan PM Abe's regional trip 'targets China'
  4. Why won't people give up driving in hazy weather?
  5. Political inertia hinders gun control action
  6. Why supervision on 'drug chicken' lacks intensity
  7. US won’t let Japan go its own way
  8. Taxi shortage a big headache in China
  9. Commentary: Soldiers should prepare for war
  10. Will rural residents become middle-class?

What’s happening in China

Railway staff members express Spring Festival greetings

  1. Old pipes may taint Beijing water
  2. Report says sick chickens sold
  3. Tickets tight for Spring Festival
  4. Extra cross-Strait flights during Spring Festival
  5. 'Family feud dramas' concern TV viewers