A slower growth in China is helping online ventures to gain more customers, as they are looking for more ways to save costs, tells retail analyst Ben Cavender in Business Week. Especially travel sites make leaps forward.
Slower economic growth in China may make consumers more inclined to search for travel deals on online sites such as Qunar, according to Ben Cavender, associate principal at China Market Research Group in Shanghai.
“People are definitely going to be more cost-conscious,” Cavender said. “People are becoming more comfortable about doing online bookings, and I think we’ll see Qunar and other sources of tickets and hotels start to do really well.”
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