NEWEGG Trade (China) Co, one of the country's top three online electronics stores, signed an agreement with ZJS Express yesterday to upgrade the company's logistics services to allow consumers to pick up online-ordered products from more sites in 14 cities nationwide.
Logistics is one of the key challenge of the booming Chinese online shopping market whose revenue is expected to grow more than 60 percent annually to 400 billion yuan (US$58 billion) in 2010.
"Different from US consumers, Chinese Netizens like the model of 'paying after obtaining products'," said Zou Guoqing, Newegg's president. "Based on the new logistics system, our users can get the products through the way they like."
According to the deal, Newegg's users can pick up products at ZJS' outlets in 14 cities nationwide, including Shanghai, Beijing, Chengdu and Guangzhou.
Newegg, which sells laptops, mobile phones to TVs online in China, now gets 40,000 orders each day.
In the first quarter, China's online shopping revenue jumped 119 percent to 102.7 billion yuan, thanks to the strong branded online shoppers like Amazon China and Newegg, which has 7.2 percent share of the total Chinese online shopping market revenue, according to iResearch, a Shanghai-based Internet research firm.