Sunday April 21, 2024

Chinese online stores gain popularity among Finns: report

Published : 22 Mar 2024, 04:35

  DF News Desk
A staff member works in a Yiwu Cainiao bonded warehouse in Yiwu, east China's Zhejiang Province. File Photo: Xinhua.

Although online shopping in Finland shrank in 2023 for the second year in a row, buying from Chinese online stores is gaining popularity in the country, reported Xinhua, quoting the Finnish Commerce Federation.

"The significant rise of Shein and particularly Temu can be seen in the growth of digital purchases of fashion and electronics from China in Finland," said Jaana Kurjenoja, chief economist at the Finnish Commerce Federation on Wednesday.

Both Shein and Temu are Chinese e-commerce platforms. According to the federation, in February 2024, Temu became the most visited foreign online store by Finns.

Kurjenoja said that the advantages of Chinese online retailers include low prices, free delivery, AI-based ordering systems, effective social media marketing, and the ability to make shopping more entertaining.

Finns' online shopping, both domestically and abroad, totaled approximately 5.3 billion euros last year. This represents a 3 percent year-on-year decline, said the federation.

The decline in online shopping was particularly visible in purchases of construction and renovation products, books and home electronics. However, purchases of cosmetics, pet supplies, and food increased.