(Nikkei BP Group)
(No.1 High-Tech News Site in Japanese)
| First Web Department Store Opens in Shanghai
September 10, 1998 (SHANGHAI, China) -- Shanghai, the leading financial
and commercial city of China, opened its first online department store
|The Yixiang Shopping Center launched its Internet site, offering about
1,000 items for sale to Web users.
The number of commodities for sale on the site is expected to increase
to 10,000 by the end of this year.
The Yixiang Web shopping system was jointly developed by the Shanghai
Commercial Information Center and China Textiles University.
Since 1996, Shanghai has set up a number of small shops on the Web, including
a bookstore, flower shop and drugstore.
Some local observers believed that the number of department store customers
in Shanghai will decline by 20-30 percent by the end of the century
due to the growth of online shopping and electronic businesses.
(Xinhua News Agency)