China's e-commerce sector sees steady growth in first 7 months of 2025

China's e-commerce sector saw steady growth in the first 7 months of 2025, with online sales of various products showing significant growth. Online retail sales increased 9.2% YoY, driven by new consumption drivers such as digital gadgets and trade-in programs. Online service consumption also expanded rapidly, with travel, catering, and cultural entertainment sales rising by 24.8%, 16.6%, and 11%, respectively.

China's e-commerce sector has demonstrated robust growth in the first seven months of 2025, with online sales of various products experiencing significant increases. According to recent financial reports, online retail sales grew by 9.2% year-over-year (YoY), driven by new consumption drivers such as digital gadgets and trade-in programs. This growth is part of a broader trend of expansion in the sector, with online service consumption also showing substantial growth.

The report highlights that online service consumption expanded rapidly in Q2 2025, with travel, catering, and cultural entertainment sales rising by 24.8%, 16.6%, and 11%, respectively. These figures underscore the sector's resilience and adaptability in the face of evolving consumer preferences and market conditions.

Key players in the sector, such as FinVolution Group and MINISO, have also reported strong financial performances. FinVolution Group, a leading fintech company, announced impressive financial results for the second quarter of 2025, demonstrating robust growth across key metrics and highlighting the company's successful expansion strategies. The company reported a 13% YoY increase in net revenue, reaching RMB 3.3 billion, driven by a 10% rise in transaction volume in China and a remarkable 39% surge in international transaction volume [1].

MINISO, a prominent retailer, also showcased strong performance in Q2 2025. The company's total revenue reached RMB 4.97 billion, up by 23% from the previous year, surpassing the upper limit of prior 18%-21% guidance. The MINISO brand revenue increased by 20%, with mainland China revenue rising by 14% and overseas revenue growing by 29% [2].

These results indicate that the Chinese e-commerce sector continues to be a dynamic and attractive market for investors. The sector's growth is underpinned by a combination of factors, including technological advancements, changing consumer behavior, and strategic expansions by major players. As the sector continues to evolve, investors and financial professionals should closely monitor these trends and performance indicators to make informed investment decisions.

References:
[1] https://theoutpost.ai/news-story/fin-volution-group-reports-strong-q2-2025-results-highlighting-ai-driven-growth-and-international-expansion-19403/
[2] https://www.fool.com/earnings/call-transcripts/2025/08/21/miniso-mnso-q2-2025-earnings-call-transcript/