BIG BOX WOES: Big retailers like Suning Commerce Group Co Ltd and foreign rivals Wal-Mart Stores Inc and Best Buy Co Inc are struggling to attract customers to their traditional stores in China, where online shopping is booming.
SHANGHAI: It took China's biggest retail chain Suning all last year to generate sales of about US$17bil (RM59.37bil). Last month, e-commerce giant Alibaba saw sales worth more than half that amount pass through its Tmall website in just one day.
Big retailers like Suning Commerce Group Co Ltd and foreign rivals Wal-Mart Stores Inc and Best Buy Co Inc are struggling to attract customers to their traditional stores in China, where online shopping is booming.
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