The person in charge of the Electronic Commerce Department of the Ministry of Commerce introduced the development of e-commerce in China from January to July 2024. From January to July, online retailing promoted stable growth in consumption, and platform companies accelerated technological and business model innovation. E-commerce promoted the digital transformation and upgrading of industries, and international cooperation in the e-commerce field achieved mutual benefit and win-win results. New momentum in online consumption continues to gather. From January to July, according to data from the National Bureau of Statistics, the national online retail sales were 8.38 trillion yuan, a growth of 9.5%. Among them, the online retail sales of physical goods were 7.01 trillion yuan, an increase of 8.7%, accounting for 25.6% of total social retail sales. (Ministry of Commerce)