Industry Update
Supplier News22 March 2020

Shiji's China Payments Transactions Index Shows Signs of Recovery

share this article
1 min
Shiji Group

Across the Shiji Group product lines we are sharing data on how the COVID-19 crisis is recovering for other markets to use in their analysis and planning. We have looked at the transaction volumes across all our payment integrations to help give some comparable information. A few key points:

  • Number of transactions started to increase the day after retail outlets began opening again on 9th Feb, which was 8 days before peak virus outbreak.
  • As of 19 March revenue has reached 39% of the prior pre-crisis daily average. Number of transactions are at 34%.
  • Recovery is slowly accelerating with 12.3 points in last 10 days vs. 3.3 points the 10 days before.

Related News

COVID-19 Crisis Recovery Data from China [Updated 31 March]

2 April 2020 — To assist the international markets build prediction models on the economic recovery post COVID-19 confinements, lockdowns and crisis we are publishing frequent updates from all the industries of Shiji's Chinese operations. We hope this can help management, strategy, marketing and operations teams of the various industries to develop their own plans for recovery and give some points of reference in this unique situation.
Read more

Good news coming from the Far East: Chinese Market moving into Recovery Mode

18 March 2020 — Active COVID-19 cases in China peaked on 17 February. Since then the number of active cases has been reducing rapidly. To assist hotels around the world in forecasts during the crisis we are publishing information of how the Chinese market is rebounding reservations since the peak of the epidemic.
Read more

About Shiji Group

Shiji Group is a multi-national technology company that provides software solutions and services for enterprise companies in the hospitality, food service, retail and entertainment industries, ranging from hospitality technology platform, hotel management solutions, food and beverage and retail systems, payment gateways, data management, online distribution and more. Founded in 1998 as a network solutions provider for hotels, Shiji Group today comprises 5,000 employees in 80+ subsidiaries and brands, serving over 91,000 hotels, 200,000 restaurants, and 600,000 retail outlets. 

Shiji develops a network of cloud technology platforms that facilitate data exchange by connecting businesses vertically and horizontally across related industries. The importance of cross-industry integration to connect all levels of the supply chain, from guests to distributors and suppliers of all types is a critical part of our mission. Our goal is to facilitate the transition to fully integrated systems for our clients through a network of platforms that communicate securely and easily so our clients can focus on their core competencies of serving their guests.

Latest News