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Tmall Store Opening Report in 2024: New Stores Spike 83% YoY
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Tmall released its 2024 annual report on merchants store openings, which showed that Tmall's new merchants saw a YoY growth of 83% in 2024. Within one year of being on Tmall, 32 brands charted transaction volumes of over RMB100 million; 733 brands had annual transaction volumes of over RMB10 million; and 1,600 brands had annual transaction volumes of over RMB5 million. By geographical regions, Tmall opened stores in 2024, and the Pearl River Delta continued to lead in brand entrepreneurial vitality. Guangzhou ranked first in brand entrepreneurship in 2024. Among the new Tmall stores in 2024, more than 12,000 were registered in Guangzhou. Shenzhen, Jinhua, Quanzhou, Xuzhou, Wenzhou, Zhengzhou, Dongguan, Xiamen and Foshan, in addition to Guangzhou, were among the top ten cities with the most Tmall stores in 2024. AAStocks Financial News |
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