Mega retailers battle to survive as e-commerce booms in China

December 12, 2014 admin alibaba, angeles, are-struggling, biggest-retail, britain, china, film, franco, home-appliance, north, rogen, stars-seth, suning

By Adam Jourdan SHANGHAI (Reuters) – It took China's biggest retail chain Suning all last year to generate sales of about $17 billion. 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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Mega retailers battle to survive as e-commerce booms in China